A Financial Analyst’s Development …

June 7, 2013 | By scnewsltr
     As a financial analyst for Naval Supply Systems Command (NAVSUP) Fleet Logistics Center (FLC) Sigonella, Tina Cancel has always had an [caption id="attachment_1044" align="alignright" width="300"]
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VIRIN: 130607-N-ZZ219-1044
Tina Canel interest in all aspects of finance, specifically contracting.      “Contracts are magical vehicles for funds obligation, but have always seemed to simply disappear down a black hole in ERP (Enterprise Resource Planning), never to be seen again,” she explained.      However, as a member of the 2013 Naval Supply Systems Command (NAVSUP) Corporate Management Development Program (CMDP), Cancel was given an opportunity to find the answer to the question, “What happens down that black hole?”      As a part of this year’s CMDP, Cancel supported Defense Logistics Agency (DLA) Acquisition Operations Division (J7) as part of a 90-day developmental assignment.  From January through April, she was mentored and completed training designed to increase understanding of Department of Defense (DoD) acquisition procedures, policies, and processes, with emphasis on the process from the contracting perspective.      Cancel is a finance lead within NAVSUP FLC Sigonella, whose Area of Responsibility (AOR) covers 5th and 6th Fleets, and Commander, Naval Region Europe, Africa, and Southwest Asia.  In this position, she is responsible for business plan development, forecasting, and execution of an annual operating budget for three continents, seven countries, and fourteen sites, which made Cancel a prime candidate to attend this year’s CMDP.      While finance and contracts share some of the same language, such as commitments, obligations and expenditures, the dialects are vastly different.  The contracting world uses terms like “FAR,” “DFARS,” and clauses; for finance it’s “FMR,” “PPBE,” and execution.  Even though both play significant roles within the acquisition process, there are many times when contracting seems like another world to those in Cancel’s career field, and the CMD Program helps bridge some of those foreign areas and concepts, while broadening expertise as a financial analyst.      Through her developmental assignment, Cancel saw firsthand the power of collaboration between NAVSUP and DLA, and witnessed the role financial services play in helping provide services to U.S. forces.  “DLA manages 84 percent of the military’s spare parts, manages the reutilization of military equipment, provides catalogs and other logistics information products plus document automation and production services,” Cancel stated.  “It’s amazing to see this support.  The opportunity to be on a CMDP gave me better insight and understanding of both contracts and the environments in which contracting officers operate.”      Cancel added that she looks forward to building on and sharing this with the team at NAVSUP FLC Sigonella, concluding, “I encourage everyone to explore similar developmental opportunities offered within the NAVSUP enterprise.” By Lt. Patrick Amundson, Corporate Communications Officer, NAVSUP FLC Sigonella