What does a VP of Finance do?
Published 2 min read
The Vice President of Finance is responsible for the financial planning and analysis of the company. They work with the CEO and CFO to develop long-term financial goals and strategies. They also oversee the budgeting, forecasting, and reporting processes. In addition, they are responsible for managing the finance team and ensuring that all financial regulations are followed.
VP of Finance job duties include:
- Overseeing all financial aspects of the company
- Developing financial strategy
- Creating and implementing financial plans
- Managing budgets
- Forecasting future financial needs
- Analyzing financial data
- Monitoring financial performance
- Identifying financial risks and opportunities
- Reporting to the Board of Directors or shareholders
VP of Finance Job Requirements
Most VPs of Finance have a minimum of a bachelor's degree in accounting, finance, or business administration. Many VPs of Finance also have an MBA or other advanced degree. In addition, most VPs of Finance are certified public accountants (CPAs). VPs of Finance typically have at least 10 years of experience in accounting or finance, including experience leading a finance team.
VP of Finance Skills
- Analytical
- Profit and loss management
- Budgeting
- Financial analysis
- Financial statements
- Forecasting
- Variance analysis
- Working capital management
- Cash flow management
- Treasury management
- Risk management
- Financial planning and strategy
Related: Top VP of Finance Skills: Definition and Examples
How to become a VP of Finance
In order to become a VP of Finance, one must have a bachelor's degree in finance or a related field. In addition, experience in financial management is also required. One must also be able to demonstrate strong leadership and communication skills.
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