What does a Vice President of Finance do?
Finance managers analyze every day financial activities and provide advice and guidance to upper management on future financial plans. They are the root of all major business decisions and their role is crucial to the success of any organization. Finance managers may be employed in many different environments, including both public and private sector organizations. They also operate in a variety of industries, such as banking, finance, healthcare, and insurance.
Typical duties include reviewing financial reports, monitoring accounts, and preparing financial forecasts. Finance managers also investigate ways to improve profitability and analyze markets for business opportunities, such as expansion, mergers, and acquisitions. The position of finance manager usually requires an advanced degree in accounting, business, economics, or finance, as well as several years of experience in a finance role.
- Monitor the day-to-day financial operations within the company (payroll, invoicing, and other transactions)
- Prepare monthly and quarterly management reporting
- Participate in strategic data analysis, research, and modeling for senior company leadership
- Support project analysis, validation of plans, and ad-hoc requests
- Manage the company's financial accounting, monitoring, and reporting systems
- Ensure compliance with accounting policies and regulatory requirements
- Bachelor's degree in Finance or Accounting; CPA a plus
- 5-8 years of experience in accounting and/or financial analysis
- Ability to synthesize large quantities of complex data into actionable information
- Ability to work and effectively communicate with senior-level business partners
- Excellent business judgment, analytical, and decision-making skills
- Knowledge of financial reporting and data mining tools such as SQL, Access, etc.
- Strong demonstrated use of Excel, Word, and PowerPoint
How much does a Vice President of Finance make?
Vice President of Finance Career Path
Learn how to become a Vice President of Finance, what skills and education you need to succeed, and what level of pay to expect at each step on your career path.
Average Years of Experience
Vice President of Finance Insights
“This industry is highly relational and there are good practitioners within the BD who do solid work by their clients.”
“Great people and potential to win in a highly competitive market; many interesting problems to solve.”
“Employees really care about the residents of the Borough and ensure to deliver the best possible service”
“It's fantastic place to work if you have drive and want to progress your career.”
“It is a nice place to work and I've learnt a vast amount during my apprenticeship.”
“Career development can be limited but I found allot of interest and opportunity in my role.”
“No career growth and I felt like doing the same work of copying and pasting.”
“Really good people that have been here a LONG time and know the product well.”
Vice President of Finance Interviews
Frequently asked questions about the role and responsibilities of finance managers
A finance manager monitors and manages a company's finances. They work extensively with financial software to produce activity reports, financial statements, forecasts, and other information. Utilizing this information, finance managers may collaborate with or direct other employees regarding ways to reduce costs and handle financial decisions.
Becoming a finance manager is a good career step for people who enjoy a fast-paced work environment, mathematical challenges, and following dynamic, ever-changing financial trends. Globalization and risk management are particularly keen areas for growth, creating ample opportunities for those interested in these specializations.
Being a finance manager can be a hard job if you don't have the proper training or skills, as it's crucial to produce accurate reports, ensure legal compliance, and make shrewd recommendations to prevent major financial difficulties. Working as a finance manager, you must be able to think both analytically and creatively.