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 the 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 the department of finance. 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.
Vice presidents are typically found in the department of finance in any medium to large-sized business that has an accounting department. They usually work during normal working hours in an office environment and oversee an accounting department and finance personnel. As the top managers, they are also in contact with the chief executive and president director of their company. In this role they typically work from their own office, and are accompanied by an assistant or secretary.
The educational requirements for this job generally include a master's degree in business, finance, or accounting. They should also have an extensive experience in accounting and it is generally recommended that they be accredited as public accountants. They should also possess between five and 10-years of work experience within a mid-to high-level position in accounting or finance.