Vice President (VP), Finance

Vice presidents of finance typically are near the top of a business' hierarchical structure. They keep their business profitable, ensure spending is low, and stay in line with government regulations. Primary responsibilities for this job are to direct finances and coordinate the budget. While planning budgets, they also set goals for certain milestones and goals the company needs to meet. Vice presidents of finance also oversee the duties carried out by the lower-level employees in the finance department. They manage financial reporting, accounting, daily operations, and monthly operations results. They also handle the company's taxes and its interactions with regulatory agencies.

One typically finds vice presidents of finance in any medium- to large-sized company with a finance department. They typically work during regular business hours in an office setting and preside over a department of accounting and finance employees. As top management employees, they also work with the president and chief executive officer of their business. In this position, they usually work in their own office and have a secretary or assistant.

Educational requirements for this position typically are a master's degree in finance, business, or accounting. They must also possess extensive accounting experience, and it is usually preferred that they are certified as a public accountant and have five to 10 years of experience in a mid- to senior-level role in accounting or finance.

As a Vice President VP, Finance with 6-9 years of experience in Singapore, your main responsibilities include:

• Oversee financial operations, implement financial strategies, and ensure compliance with regulatory requirements. Manage financial activities, including budgeting, forecasting, and cash flow management. Collaborate with cross-functional teams to develop financial plans aligned with company goals. Monitor financial performance and provide strategic recommendations for improvement.
• Lead financial planning and analysis, including financial modeling, risk assessment, and cost optimization. Conduct in-depth analysis of financial data to identify trends and make informed business decisions. Develop financial models to evaluate investment opportunities and assess their potential returns. Mitigate financial risks and optimize costs through effective budget management and expense control.
• Provide leadership and guidance to the finance team, ensuring efficiency and accuracy in financial operations. Mentor and develop finance professionals, fostering a high-performing and collaborative work culture. Implement best practices for financial reporting, internal controls, and process optimization. Collaborate with stakeholders to ensure accurate and timely financial reporting and analysis.
• Support strategic initiatives and business growth by providing financial insights and guidance.

For a Vice President (VP), Finance job role, the following qualifications are required:

• Extensive financial expertise and knowledge of accounting principles to oversee all financial operations and make informed strategic decisions.
• Strong leadership skills to effectively manage and mentor a team of finance professionals, ensuring cohesive collaboration and achieving departmental objectives.
• Proven track record in financial planning and analysis, including budgeting, forecasting, and financial modeling, to drive business growth and optimize financial performance.
• Excellent communication and presentation skills to effectively communicate financial information to stakeholders, including executives, board members, and external partners.

The Vice President VP, Finance role in Singapore with 6-9 years of experience offers professionals various alternative positions to consider. Here are following alternative roles to explore in the finance industry:

• Senior Accountant: This role involves more extensive responsibilities such as financial reporting and regulatory compliance.
• Treasury Manager: Focused on managing cash and liquidity requirements, this position involves tasks like forecasting, risk management, and investment activities.
• Procurement Manager: This role entails managing supplier relationships, negotiating contracts, and overseeing purchasing processes.
• Financial Analyst: Concentrating on monitoring financial performance, developing forecasts, and providing insights for strategic decision-making.

The role of Vice President (VP), Finance in Singapore is projected to experience substantial growth in the market. Over the last 10 years, the job role has exhibited a positive and upward trend. The demand for qualified professionals in this field is anticipated to persist and increase in the future. With Singapore's thriving financial sector, it is expected that numerous employment opportunities will be available for individuals aspiring to fill this position. The projected growth of this role is strong and promising, making it an attractive career choice for finance professionals in the region.