Vice President (VP), Finance

Vice-presidents of finance usually are at the top of a company's hierarchy. They ensure that their company is profitable, make sure that spending remains minimal, and remain within the regulations of the government. The primary responsibilities of this position is to oversee finances and oversee the budget. When planning budgets, they set targets for specific milestones and objectives that the business must achieve. Vice-presidents of finance supervise the tasks performed by employees at lower levels in Finance department. They oversee the financial reporting, accounting, daily operations, as well as monthly results of operations. They also manage the tax obligations of the business and interactions with regulatory authorities.

Vice presidents are typically found in the department of finance in any medium to large-sized business that has an accounting department. They usually work during normal working hours in an office environment and oversee an accounting department and finance personnel. As the top managers, they are also in contact with the chief executive and president director of their company. In this role they typically work from their own office, and are accompanied by an assistant or secretary.

The educational requirements for this job generally include a master's degree in business, finance, or accounting. They should also have extensive experience in accounting, and it is generally recommended that they be accredited as public accountants. They should also possess between five and 10-years of work experience within a mid-to high-level position in accounting or finance.

As a Vice President VP, Finance with 9+ years of experience in the United Kingdom, your main responsibilities include:

• Oversee financial operations, including budgeting, forecasting, and financial reporting, to ensure the organization's financial health. Monitor financial performance, analyze financial data, and provide recommendations for improvement.
• Develop and maintain internal controls and financial policies to ensure compliance with regulatory requirements. Stay up-to-date with financial regulations and implement appropriate measures to mitigate risks.
• Lead financial planning and analysis, including strategic financial modeling and scenario planning to support decision-making. Provide financial insights and guidance to the executive team for business planning and growth.
• Manage relationships with external stakeholders, such as banks, auditors, and investors, to support financial strategy and objectives.

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 requires extensive experience and expertise in financial management. For professionals with 9+ years of experience in the United Kingdom, here are following alternative roles to consider:

• Chief Financial Officer CFO: A high-level executive position responsible for overseeing all financial operations of an organization, including financial planning, reporting, and risk management.
• Investment Manager: A role focused on managing investment portfolios, analyzing market trends, and making strategic investment decisions to maximize returns.
• Risk Manager: As a risk manager, you would identify, assess, and mitigate potential risks that could impact the organization's financial stability and reputation.
• Financial Controller: This role involves overseeing financial operations, ensuring compliance with accounting standards, and producing accurate financial statements and reports.

The role of Vice President (VP), Finance in the United Kingdom is expected to witness significant growth in the market. Over the past 10 years, this job role has seen a consistent increase in demand with a positive outlook for the future. According to recent data available, there is a strong indication of expansion and diversification in the finance industry, leading to a rise in employment opportunities for VPs of Finance. With the dynamic nature of the field, this position is projected to continue to grow in importance as businesses recognize the strategic role finance plays in decision-making.