VP of Finance job description (2024)

FAQs

VP of Finance job description? ›

VP of Finance responsibilities include:

VP of Finance stands for Vice President of Finance. Typically, the individual in this role oversees the day-to-day financial management of the organization. Key responsibilities include managing risk and investment strategies, alongside tracking the overall financial health of the company.

You can answer this question by highlighting your skills and explaining why they're vital for success. Example: “I believe communication is the most crucial skill for a VP of finance. This role requires communicating with stakeholders, including other company departments or senior leadership.

Before your interview, make a list of all of your skills and experiences that relate to this position. Focus on highlighting your most relevant skills and explaining why they are important for this role. Answer Example: “I am the best candidate for this position because I have extensive experience in finance.

They both have the exact requirements for their positions; the only difference is their amount of experience. Depending on their years of experience, the vice president of finance may be elevated to the position of chief financial officer.

The modern vice presidency is a position of significant power and is widely seen as an integral part of a president's administration. While the exact nature of the role varies in each administration, most modern vice presidents serve as a key presidential advisor, governing partner, and representative of the president.

This is a senior position, so you should have at least a bachelor's degree in finance and several years of experience working your way up through the financial sector. In this role, you are in charge of budget management, financial planning, and financial reporting for each quarter.

Your VP of Finance resume must showcase an exceptional grasp of financial management. It should reflect a proven track record in strategic planning and fiscal leadership. Ensure that your resume details your expertise in compliance, budgeting, and cost control.

They need substantial skills in data analysis, reporting and budgeting as well as knowledge of day-to-day financial operations. Candidates will typically have a degree in finance, accounting or economics. Professional certification is a good way to select those who have more experience and knowledge.

Here's an example of how to highlight your educational background in your answer:"I chose to study finance because I realized I was passionate about investing and excellent at investment strategies. I took capital markets, financial accounting, corporate finance, financial modelling, and portfolio management courses.

What is a sample job description for VP finance? ›

VP of Finance responsibilities include:

Serving as a financial advisor to the CEO and executive team for strategic planning purposes. Overseeing all sides of accounting operations, including payables, receivables, payroll and tax preparation. Developing appropriate tracking methods for revenue and expenses.

At the top if the CFO. Finance Director/ VP of Finance is essentially the same role, however if you have a VP of Fin, but need a strategic person at the same level (or a little higher) then you have the CFO. Below that is Controller (Chief Accounting Officer).

Depending on the company, a VP of Finance may report directly to a president, CEO, or CFO, depending on the structure of an organization. They are responsible for processing the financial activities of an organization to maximize a company's profits and plan for its growth.

Finance Job Titles Hierarchy

The leader of most finance teams is the Chief Financial Officer (CFO) and they report to the CEO. At smaller companies the top finance position might instead be the Vice President of Finance or Treasurer.

A vice president is the most junior of the senior bankers and, as far as clients and higher-ups are concerned, carries the first legitimate title. An investment bank vice president is treated as an individual with their own thoughts and opinions.

There is a proliferation of VPs in financial institutions because it makes their clients feel like they are dealing with someone senior. Serious. That's how Bear Stearns was when I was there, 26, and a VP. The title is pegged to the salary, not responsibilities.

Job Duties

As a key member of the decision-making team, the VP of corporate finance works closely with other senior leaders to drive growth and seek improvements in operational processes. These high-level executives are typically responsible for coordinating financial planning, analysis and reporting.

Vice President

An associate typically rises to the rank of vice president after working at the bank for a period of three to four years. A vice president speaks to clients and updates them on how deals or transactions are progressing.