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VP of Finance Job Description

VPs of Finance are responsible for overseeing, and having a hands on role in a company’s financial records. Learn more about what exactly a VP of Finance does in this detailed guide.

What is a VP of Finance?


The Vice President of Finance is an upper-level executive who oversees all financial matters for an organization, from making sure payroll is finished on time to analyzing market trends. 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. The role includes analyzing data and advising top executives on ways to use that information to make strategic decisions about the organization’s future. With a hands-on approach to all aspects of an organization’s finances, a VP of Finance must ensure a company complies with tax laws and regulations specific to that industry.


Education Requirements

 

  • Bachelor’s Degree in finance, accounting, business administration or a related field
  • Five to ten years of managerial experience
  • Certifications such as CPA, CFA, and CMA are preferred

  • VP of Finance Essential Skills

    • Analytical skills
    • Attention to detail
    • Critical thinking
    • Computation skills
    • Leadership abilities
    • Excellent oral and written communication skills

    VP of Finance Roles & Responsibilities

    • Serve as a financial advisor to the CEO and executive team for strategic planning purposes
    • Oversee all sides of accounting operations, including payables, receivables, payroll, and tax preparation
    • Develop appropriate tracking methods for revenue and expenses.
    • Oversee development, oversight, and management of the organization’s investment plan
    • Lead and manage the budgeting process
    • Gather financial data for analysis and forecasting with respect to profits, trends, costs, and compliance
    • Coordinate the preparation of annual, quarterly, and monthly reports
    • Manage insurance coverage for the organization, including compliance
    • Process the financial activities of an organization to maximize a company’s profits and plan for its growth
    • Ensure a company complies with tax laws and regulations specific to that industry

    Day-to-Day Duties

     

    • Own all aspects of Finance operations, including:

       

      • Regular financial reporting (e.g. preparing monthly, quarterly, and annual financial statements), forecasts, planning, budgeting, financial analysis, cash management, and procurement
      • Timely and accurately provide reporting of financial information to internal parties, government regulators and outside agencies
    • Audit and improve productivity and effectiveness of current cross team processes
    • Partner with the CEO to support corporate finance activities, including venture capital fundraising
    • Manage and supervise all AR/AP cycles with external partners and customers - including the implementation of accounting and billing systems and controls
    • Partner with People Team on Equity administration and planning
    • Keep careful tabs on regular transactions, investments and any business deals that affect the bottom line.
    • Conduct regular audits of expenditures, assets and liabilities
    • Monitor transactions
    • Prepare financial reports
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