The NAVAIR business financial managers.
What does a BFM do?
BFMs are members of a profession that includes military and civilians responsible for financial planning and analysis, budget strategy formulation, and budget administration. BFMs are also responsible for the expenditure, obligation, and accountability of program funds; cost and schedule performance management of contractors; resource planning; and cost estimating.
Although formal education is the cornerstone to a successful tour as a BFM, the real experience is learned while charged with leading a BFM team of several juniors (mainly civilians and some military interns) in one of NAVAIR's numerous programs. Depending on experience, a newly reported BFM may initially be assigned as a deputy BFM on a program.
What does it take to become a NAVAIR BFM?
BFMs reporting to NAVAIR primary come from Naval Postgraduate School, an 810-civilian MBA graduate school program, or the BFM intern program. The BFM is a member of the Defense Acquisition Workforce and under provisions of the Defense Acquisition Workforce Improvement Act must meet acquisition career field certification in business, cost estimating and financial management. After meeting education, experience and training requirements, NAVAIR BFMs are ultimately awarded Level II and III certification.
A BFM can also apply for the Acquisition Professional Community (APC), a professional career milestone.
The NAVAIR BFM!
NAVAIR BFMs play a key role supporting NAVAIR's contributions to the fleet. Perhaps the most obvious one is in support of CNO priorities: Cost-wise readiness.
As Navy looks to balance the right combat capability with the right cost to accomplish its mission, NAVAIR--one of Navy's major acquisition commands--is expected to spearhead a business-like approach. NAVAIR BFMs, while overseeing the financial planning and execution of multi-billion dollar acquisition programs, are tasked with crafting strategies to bring to the fight the right capabilities at the right cost.
With several new aviation platforms coming to fruition and more on the drawing boards, the NAVAIR BFM plays an indirect role in helping to shape the future of Naval/Marine Corps aviation. They have been an integral part of program teams engaged in managing complex acquisition programs such as the V-22 Osprey Tilt Rotor program, Multi-mission Aircraft (MMA), and Joint Strike Fighter. These are but a few of the ongoing programs that fall in line with CNO's number two priority--building a fleet for the future.
While the future certainly poses its fair share of challenges, the current global war on terror (GWOT) also occupies the BFMs attention, in particular with developing strategies to execute short fused funding opportunities.
The BFMs also supports several highly visible joint projects: Marines--V-22, H-1 and AV-8; Air Force--V-22; Army--ACS; as well as the Joint Strike Fighter program. In addition, the BFM is also involved in several programs that are engaged in ventures with foreign aviation air forces to include the AV-8B and JSF.
NAVAIR BFMs are at the forefront of the transformational Navy, possessing a unique skill set that is essential to paving the way for the future.
CDR Kurt Chivers' previous duties include Supply Officer, USS Buffalo (SSN 715), Pearl Harbor, Hawaii; Instructor at the Navy Supply Corps School, Athens Ga.; Aviation Supply Officer, USS Boxer (LHD 4); Supply Officer, Commander, Submarine Squadron 1, Pearl Harbor Hawaii; Assistant Supply Officer, Naval Submarine Support Command, Pearl Harbor, Hawaii; Operations Officer, PMA 299, NAVAIR.
CDR Rich Ruiz has served as Supply Officer, Naval Station Guantanamo Bay Cuba; Deputy BFM for PEO (A); BFM for the H-1 Upgrades Program; Budget Officer, Commander, Naval Surface Forces, Pacific Fleet; Supply Officer, USS Anchorage (LSD 36); Supply Officer, USS Duncan (FFG 10), Budget Staff, BUPERS; Assistant Supply Officer USS Roanoke (AOR 7).
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|Author:||Chivers, Kurt; Ruiz, Richard|
|Publication:||Navy Supply Corps Newsletter|
|Date:||Mar 1, 2006|
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