Vice President (VP), Finance

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.

As a Vice President VP, Finance with 3-6 years of experience in the AE, your main responsibilities include:

• Oversee financial operations, including budgeting, forecasting, and financial analysis, to ensure the financial health of the organization.
• Develop and implement financial strategies and policies to optimize the company's financial performance and support its growth objectives.
• Collaborate with cross-functional teams to provide financial insights and recommendations for improving operational efficiency and profitability.
• Manage the finance team, including hiring and training staff, conducting performance evaluations, and fostering a culture of continuous improvement and professional development.

The role of Vice President VP, Finance is a crucial position that requires 3-6 years of work experience in the AE. For professionals looking to explore alternative roles in the finance industry, here are four options to consider:

• Senior Financial Controller: A role that involves overseeing financial operations, managing budgets, and ensuring compliance with regulatory requirements.
• Investment Manager: A position focused on analyzing investment opportunities, managing investment portfolios, and maximizing returns for clients or organizations.
• Risk Manager: A role that involves identifying and assessing potential risks, developing risk mitigation strategies, and implementing risk management frameworks.
• Business Development Manager: A position focused on identifying growth opportunities, conducting market research, and developing strategies to expand the organization's financial footprint.

The role of Vice President (VP), Finance in the United Arab Emirates (UAE) is expected to witness significant growth in the coming years. According to a 10-year analysis, the job role is projected to experience a robust expansion due to the UAE's strong economic growth and increased business activities. With the UAE's focus on diversifying its economy, there will be a surge in employment opportunities for VPs of Finance across various industries. Google's latest data points indicate a promising future for this position, making it a lucrative career choice in the UAE's evolving financial landscape.