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 VP, Finance with 6-9 years of experience in India, here are some main responsibilities:

• Overseeing the preparation of budgets, financial forecasts, and management reports to support strategic decision-making.
• Identifying and assessing financial risks, implementing risk mitigation strategies, and ensuring compliance with relevant regulations.
• Monitoring cash flow, optimizing working capital, and implementing efficient cash management techniques.
• Collaborating with internal teams, external stakeholders, and senior management to provide financial insights and support business growth.

Major educational qualifications required for Vice President (VP), Finance are:

• Bachelor's degree in accounting, finance, business administration, or any related area.
• Certifications like CPA, CFA, and CMA are highly recommended.

If you have 6-9 years of work experience in finance in India, here are four alternative roles you can consider for Vice President (VP), Finance.

• Chief Financial Officer (CFO): Responsible for overseeing financial strategies, forecasting, budgeting, and financial reporting across the organization.
• Financial Controller: In charge of managing financial operations, ensuring compliance, and providing strategic financial guidance to the company.
• Investment Manager: Focused on managing investment portfolios, analyzing potential investment opportunities, and maximizing returns for clients or the company.
• Treasury Manager: Responsible for managing cash flow, working capital, and financial risk management, including overseeing funding and investment strategies.

The job role of Vice President (VP), Finance in India is projected to experience significant growth in the market. Over the past 10 years, this role has seen a steady increase in demand and importance, as organizations recognize the need for strong financial leadership. As per Google's latest data, employment opportunities for VP, Finance in India are expected to further rise in the coming years. This growth can be attributed to the expanding economy, increasing complexity of financial operations, and the need for skilled professionals to navigate changing regulatory landscapes. With all this data, there is a positive outlook for the growth and availability of employment opportunities in this role in India.