- Category: Employer Profiles
DEPARTMENT OF THE NAVY
Financial Management Career Program
520 Turner Street, Suite B
Pensacola, FL 32508-5245
Telephone: (850) 452-3785 Fax: (850) 452-3903
Internet Address: www.navyfmtp.com
Navy Financial Management Career Program is a 28-month program of professional development through academic and on-the-job training. Emphasis is on practical work experience supplemented by academic training. Through a series of rotational work assignments, each employee gains necessary professional competence.
Of the more than 178,000 civilians employed at Navy and Marine Corps locations throughout the world, more than 7,800 work in financial management. To provide a continuous, well-trained, motivated, and mobile financial management work force, the Navy recruits, hires, and trains eligible civilians as Financial Management Analysts, Accountants, and Auditors.
Employees are placed at Navy or Marine Corps locations called “homeports” and are managed throughout the 28-month training program by the Financial Management Career Program office.
Expertise/Education Sought: All Majors: Business, Finance, Economics; Accounting
Entry-Level Positions Available: Financial Management Analysts, Accountants, and Auditors
Homeport Financial Mentors guide employees through On-the-Job (OJT) training assignments that are outlined in the Individual Development Plan (IDP) developed specifically for the Trainee. The OJT consists of rotational work assignments in all areas of financial management with periodic academic training. Rotational work assignments are typically at the homeport, in Contracting, Accounting, Human Resources or Auditing, and the Trainee’s headquarters or lower-level command program, or other designated sites.
With satisfactory performance, employees are non-competitively promoted annually. Most begin at a salary between $38,000 and $42,000, and complete the program at a salary between $61,000 and $66,000, dependent upon the location - an increase of approximately $23,000 in 28-months!
Typical Financial Management Functions
- Formulating budget estimates in support of program objectives and priorities; presenting and justifying budget requests; developing plans for allocating resources; monitoring program execution; reviewing and analyzing funding documents; conducting comparative analyses to examine trends; and reviewing budget policy and statutes to ensure compliance.
- Reviewing and interpreting accounting and financial management policy, procedures, standards and statutes to ensure compliance; monitoring and examining accounts, specific appropriations or financial records for account status and reporting requirements; and verifying accounts documentation.
- Planning and conducting performance and financial reviews of major programs and entities to evaluate the reliability, efficiency and effectiveness of the organization; making recommendations based on findings that identify cost savings through improved operations; and following up on recommendations to ensure implementation.
Competitive Salary; Flexible Hours; Generous Leave Benefits for Family Care; Paid Holidays, Vacation and Personal Illness Leave; A Portable Retirement Plan with Tax-Deferred Savings and Government-Matched Funding Options; Choice of Health Care Plans; and Life Insurance.
U.S. Citizenship Required
An Equal Opportunity Employer