Vice presidents of finance typically are near the top of a business' hierarchical structure. They keep their business profitable, ensure spending is low, and stay in line with government regulations. Primary responsibilities for this job are to direct finances and coordinate the budget. While planning budgets, they also set goals for certain milestones and goals the company needs to meet. Vice presidents of finance also oversee the duties carried out by the lower-level employees in the finance department. They manage financial reporting, accounting, daily operations, and monthly operations results. They also handle the company's taxes and its interactions with regulatory agencies.One typically finds vice presidents of finance in any medium- to large-sized company with a finance department. They typically work during regular business hours in an office setting and preside over a department of accounting and finance employees. As top management employees, they also work with the president and chief executive officer of their business. In this position, they usually work in their own office and have a secretary or assistant.Educational requirements for this position typically are a master's degree in finance, business, or accounting. They must also possess extensive accounting experience, and it is usually preferred that they are certified as a public accountant and have five to 10 years of experience in a mid- to senior-level role in accounting or finance.

The role of Vice President (VP), Finance in Canada is projected to have strong growth in the market. According to a 10-year analysis, this job role has seen a consistent increase in demand. The number of employment opportunities for VP, Finance is expected to rise significantly in the future. Recent data points from Google indicate that the financial industry continues to evolve, leading to a greater demand for experienced finance professionals in leadership positions. This trend is expected to continue with various companies seeking skilled VPs to drive financial strategies and contribute to organizational success.

How to Learn

As a Vice President VP, Finance with 0-3 years of experience in Canada, your main responsibilities include:<ul><li> Oversee financial planning and budgeting processes to ensure efficient allocation of resources and adherence to financial targets.</li><li> Manage financial reporting and analysis, including preparation of financial statements, variance analysis, and forecasting.</li><li> Collaborate with other departments to develop and implement financial policies, procedures, and controls to enhance organizational efficiency and compliance.</li><li> Assist in evaluating and negotiating contracts, partnerships, and vendor agreements to optimize financial outcomes and mitigate risks.</li></ul>

Roles & Responsibilities

Average take home Salary for a Vice President (VP), Finance in Canada is around C$128726 per year

Salary Breakup

Vice-presidents of finance usually are at the top of a company's hierarchy. They ensure that their company is profitable, make sure that spending remains minimal, and remain within the regulations of the government. The primary responsibilities of this position is to oversee finances and oversee the budget. When planning budgets, they set targets for specific milestones and objectives that the business must achieve. Vice-presidents of finance supervise the tasks performed by employees at lower levels in Finance department. They oversee the financial reporting, accounting daily operations, as well as monthly results of operations. They also manage the tax obligations of the business and interactions with regulatory authorities.

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Vice President (VP), Finance

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