POSITION DESCRIPTION - VICE-PRESIDENT (FINANCE & ADMINISTRATION) Position Summary. The successful candidate will provide leadership and coordination of company financial planning, debt financing, and budget management functions and ensure company accounting procedures and reporting conform to generally accepted accounting principles. Many of these documents require that one or more top-ranking executives sign their names, testifying to its accuracy. A vice president (in British English: vice-president for governments and director for businesses) is an officer in government or business who is below a president (managing director) in rank. A vice president title often is conferred as a promotion in place , with the recipient retaining one's current job and responsibilities. This can include the setting of tasks, the motivation of employees and the definition and clarification of goals, as well as day-to-day operations such as the hiring and supervision of employees. Depending on the size of the organization, the duties of a VP Finance include: Creating financial plans with senior management; Directing financial strategies and budget management; Directing accounts receivable, … VP of finance is a similar role to the chief financial officer (CFO), and in smaller companies, the roles are combined into one position. Vice presidents of finance are also expected to monitor the financial health of the organization, including keeping careful tabs on its regular transactions, investments and any business deals that affect the bottom line. A VP Finance … In short, the quality of your VP of Sales directly affects your sales performance. -->, BS Accounting, BS Business/Accounting, MBA Accounting, MS Accountancy, AA Accounting, BS Business Administration, © 2018 MH Sub I, LLC dba Internet Brands |, Direct and coordinate LOB financial planning and budget management functions, Recommend benchmarks for measuring the financial and operating performance, Monitor and analyze monthly operating results against budget, Oversee daily operations of the finance and accounting department, Manage the preparation of all financial reports, Manage the preparation of financial outlooks and financial forecasts, Prepare financial analysis for contract negotiations and product investment decisions, Ensure compliance with local, state, and federal budgetary reporting requirements, Work with department managers to develop five year business plans, Assist in establishing short- and long-range departmental goals, objectives, policies, and operating procedures, Design, establish, and maintain an organizational structure to effectively accomplish the departments goals and objectives, Serve on planning and policy-making committees, Serve as primary government liaison relative to financial issues, Coordinate financial audits and provide recommendations for procedural improvements, Represent the company externally to government agencies, auditors, and the general public, Recruit, train, supervise, and evaluate department staff, Provide accounting policy orientation for new staff, Coordinate with the management of the MIS department to ensure company objectives are met, Masters Degree in Finance, Accounting or Business with strong Accounting experience, Five (5) to Ten (10) years experience in a mid to senior level finance or accounting position, and a CPA (preferred). The CFO of today and tomorrow must be able to take financial data and use it to influence operational decision-making and strategy. Ability to take initiative, as well as working under little supervision is required. The successful candidate will provide leadership and coordination of company financial planning, debt financing, and budget management functions and ensure company accounting procedures and reporting conform to generally accepted accounting principles. Vice presidents of finance are also responsible for composing and issuing the financial reports given out by the company to investors, regulatory agencies and other stakeholders. And projections business and creative writing require that one or more top-ranking executives sign their,! Controller or finance director to CFO requires an expansion of soft skills, partnering, mindset. Tasks include overseeing the company ’ s finances strategic planning, prioritization and what is the role of vp for finance making carries... 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