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What Is a Vice President Of Finance and How to Become One

What Does a Vice President of Finance Do?

A vice president of finance is in charge of overseeing company financial records and projecting future financial investments and plans. VP of finance is a similar role to the chief financial officer (CFO), and in smaller companies, the roles are combined into one position. In a larger business, the vice president of finance serves under the CFO, and both are responsible for the accounting department or team. This is an executive level job and requires extensive financial and business qualifications.

How to Become a Vice President of Finance

To become a vice president of finance, you need at least a bachelor's degree in finance, accounting, business administration, or a related field, though many employers prefer candidates who have a master's degree. You also need extensive finance experience in the industry; most employers seek candidates with at least ten years of experience and five or more years in management positions. Proven success in establishing strategic financial goals and developing financial models is essential. Additional qualifications include excellent communication, problem-solving, and analytical skills, and the ability to collaborate with a team and work in a fast-paced environment.

Vice President Of Finance Job Description Sample

With this Vice President Of Finance job description sample, you can get a good idea of what employers are looking for when hiring for this position. Remember, every employer is different and each will have unique qualifications when they hire for a Vice President Of Finance role.

Job Summary

We need an experienced financial professional to fill the role of Vice President of Finance. 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. You oversee a team of accountants and adhere to all US GAAP standards to ensure that we are in compliance with all relevant financial regulations. You must have your certified public accountant (CPA) license as well.

Duties and Responsibilities

  • Develop and enforce a budget for our business
  • Hire and manage a team of accountants
  • Produce regular reports for management and stakeholders
  • Implement new policies to save money
  • Set standards for financial operations for each department and branch

Requirements and Qualifications

  • Bachelor's degree in finance or accounting
  • CPA license
  • Strong leadership skills
  • Experience as a financial analyst or accountant
  • Communication abilities