Job Role Description

IT and Engineering > Vice President of Finance

Salary National Average

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127480.0000 150280.0000 176330.0000

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Short Description:

The Vice President of Finance provides leadership and coordination of company financial planning, debt financing, and budget management functions, and ensure company accounting procedures conform to accepted accounting principles. They manage the preparation of all financial reports, outlooks, and forecasts and ensures compliance with local, state, and federal budgetary reporting requirements. They also coordinate financial audits and provide recommendations for procedural improvements. They can represent the company to government agencies, auditors, and the general public and recruit, train, supervise, and evaluate department staff.

Duties / Responsibilities:

  • Directs and coordinates Line of Business on financial planning and budget management functions.
  • Recommend benchmarks for measuring 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 accomplish the department's goals and objectives effectively.
  • 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.

Skills / Requirements / Qualifications

  • Active Listening: Giving full attention to what other people are saying, taking time to understand the points made, asking questions as appropriate, and not interrupting at inappropriate times.
  • Critical Thinking: Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions, or approaches to problems.
  • Monitoring: Monitoring/assessing the performance of yourself, other individuals, or organizations to make improvements or take corrective action.
  • Reading Comprehension: Understanding written sentences and paragraphs in work-related documents.
  • Speaking: Talking to others to convey information effectively.
  • Judgment and Decision Making: Considering the costs and benefits of potential actions to choose the most appropriate one.
  • Writing: Communicating effectively in writing as appropriate for the audience's needs.
  • Active Learning: Understand new information's implications for current and future problem-solving and decision-making.
  • Complex Problem Solving: Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions.
  • Coordination: Adjusting actions concerning others' actions.
  • Management of Personnel Resources: Motivating, developing, and directing people as they work, identifying the best people for the job.
  • Social Perceptiveness: Being aware of others' reactions and understanding why they react as they do.
  • Persuasion: Persuading others to change their minds or behavior.
  • Service Orientation: Actively looking for ways to help people.
  • Time Management: Managing one's own time and the time of others.
  • Learning Strategies: Select appropriate training/instructional methods and procedures when learning or teaching new things.
  • Mathematics: Using mathematics to solve problems.
  • Instructing: Teaching others how to do something.
  • Negotiation: Bringing others together and trying to reconcile differences.
  • Systems Analysis: Determining how a system should work and how changes in conditions, operations, and the environment will affect outcomes.
  • Management of Financial Resources: Determine how to spend and get the work done and account for these expenditures.
  • Systems Evaluation: Identifying measures or indicators of system performance and the actions needed to improve or correct performance relative to the system's goals.

Job Zones

  • Education: Most of these occupations require a four-year bachelor's degree, but some do not.
  • Related Experience: A considerable amount of work-related skill, knowledge, or experience is needed for these occupations.
  • Job Training: Employees in these occupations usually need several years of work-related experience, on-the-job training, and/or vocational training.
  • Job Zone Examples: Many of these occupations involve coordinating, supervising, managing, or training others. Examples include accountants, sales managers, database administrators, teachers, chemists, art directors, and cost estimators.
  • Specific Vocational Preparation in years: 2-4 years preparation (7.0 to < 8.0)

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