Description

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.

Roles & Responsibilities

As a Vice President VP, Finance in the United States with 6-9 years of experience, your main responsibilities include:

  • Oversee financial planning, budgeting, and forecasting to ensure efficient use of resources and achievement of financial targets.
  • Develop and implement financial policies and procedures to ensure compliance with regulatory requirements and best practices.
  • Manage financial analysis and reporting, providing accurate and timely financial information to support decision-making and strategic planning.
  • Collaborate with cross-functional teams to assess and mitigate financial risk, optimize cash flow, and support business growth initiatives.

Qualifications & Work Experience

For a Vice President (VP), Finance job role, the following qualifications are required:

  • Extensive financial expertise and knowledge of accounting principles to oversee all financial operations and make informed strategic decisions.
  • Strong leadership skills to effectively manage and mentor a team of finance professionals, ensuring cohesive collaboration and achieving departmental objectives.
  • Proven track record in financial planning and analysis, including budgeting, forecasting, and financial modeling, to drive business growth and optimize financial performance.
  • Excellent communication and presentation skills to effectively communicate financial information to stakeholders, including executives, board members, and external partners.

Essential Skills For Vice President (VP), Finance

1

Strategic Foresight

2

Leadership Management

3

Strategic Management

4

Leadership Communication

Skills That Affect Vice President (VP), Finance Salaries

Different skills can affect your salary. Below are the most popular skills and their effect on salary.

Accounting Fundamentals

3%

Financial Management

3%

Financial Modeling

7%

Financial Statement

5%

Business Strategy

28%

Budget Estimation

3%

Strategy

13%

Strategic Planning

4%

Leadership Organisation Teamwork

8%

Customer Billing

6%

Career Prospects

The role of Vice President VP, Finance is crucial for overseeing financial operations and strategy in the United States. With 6-9 years of work experience, professionals in this field have several alternative roles to explore. Here are following options to consider:

  • Senior Financial Controller: A position that involves overseeing financial reporting, analysis, and budgeting functions for the organization, ensuring compliance with regulatory requirements.
  • Director of Financial Planning and Analysis: A role focused on financial forecasting, strategic planning, and providing insights to drive business performance and growth.
  • Risk Manager: A position that involves identifying and mitigating financial risks, developing risk management strategies, and ensuring compliance with internal controls and regulations.
  • Chief Financial Officer CFO: A senior executive role responsible for managing the overall financial operations and strategy of the organization, including financial planning, capital management, and investor relations.

How to Learn

The role of Vice President (VP), Finance.NET Software Developer/Programmer is expected to experience substantial growth in the market. Over the next 10 years, this job role is projected to witness an increase in demand due to the rising need for software development skills in the finance industry. With the advent of new technologies, there will be a surge in employment opportunities for professionals specializing in .NET software development in the United States. This role is expected to be in high demand, offering promising career prospects.