Chief finance and operating officer vs senior vice president-operations

The differences between chief finance and operating officers and senior vice presidents-operations can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 6-8 years to become a chief finance and operating officer, becoming a senior vice president-operations takes usually requires 4-6 years. Additionally, a senior vice president-operations has an average salary of $192,068, which is higher than the $166,139 average annual salary of a chief finance and operating officer.

The top three skills for a chief finance and operating officer include financial statements, oversight and human resources. The most important skills for a senior vice president-operations are oversight, financial performance, and SVP.

Chief finance and operating officer vs senior vice president-operations overview

	Chief Finance And Operating Officer	Senior Vice President-Operations
Yearly salary	$166,139	$192,068
Hourly rate	$79.87	$92.34
Growth rate	17%	6%
Number of jobs	166,131	124,906
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 70%	Bachelor's Degree, 70%
Average age	46	44
Years of experience	8	6

What does a chief finance and operating officer do?

A Chief Finance and Operating Officer is a senior executive who is part of the management team that manages the financial actions of an organization. This executive must produce financial statements to communicate results with shareholders and stakeholders of the organization. They must revise all their financial policies and procedures to strengthen internal controls and ensure the continuance of work to accommodate rapid growth. They must also establish cross-functional alliances to assist the effectiveness of the organization's marketing and business development initiatives.

What does a senior vice president-operations do?

Senior Vice Presidents for Operations are top management employees who oversee the company's operations. They report to the company's Chief Executive Officer or roles equivalent to such. They are expected to be very familiar with everything related to the company, such as its products, services, and production activities, among others. As such, they would be able to create strategies that would elevate the performance of the company. They are heavily involved in the decision-making related to the different departments in operations. Senior Vice Presidents for Operations manage different departments related to operations. They ensure that all factors in operations contribute to the company's success.

Chief finance and operating officer vs senior vice president-operations salary

Chief finance and operating officers and senior vice presidents-operations have different pay scales, as shown below.

	Chief Finance And Operating Officer	Senior Vice President-Operations
Average salary	$166,139	$192,068
Salary range	Between $87,000 And $314,000	Between $114,000 And $323,000
Highest paying City	Foster City, CA	Seattle, WA
Highest paying state	California	Washington
Best paying company	University of Nebraska at Omaha	UnitedHealth Group
Best paying industry	Internet	Manufacturing

Differences between chief finance and operating officer and senior vice president-operations education

There are a few differences between a chief finance and operating officer and a senior vice president-operations in terms of educational background:

	Chief Finance And Operating Officer	Senior Vice President-Operations
Most common degree	Bachelor's Degree, 70%	Bachelor's Degree, 70%
Most common major	Accounting	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Chief finance and operating officer vs senior vice president-operations demographics

Here are the differences between chief finance and operating officers' and senior vice presidents-operations' demographics:

	Chief Finance And Operating Officer	Senior Vice President-Operations
Average age	46	44
Gender ratio	Male, 80.5% Female, 19.5%	Male, 77.3% Female, 22.7%
Race ratio	Black or African American, 8.1% Unknown, 4.1% Hispanic or Latino, 14.9% Asian, 8.5% White, 64.1% American Indian and Alaska Native, 0.3%	Black or African American, 6.3% Unknown, 4.3% Hispanic or Latino, 15.4% Asian, 6.4% White, 67.1% American Indian and Alaska Native, 0.5%
LGBT Percentage	11%	10%

Differences between chief finance and operating officer and senior vice president-operations duties and responsibilities

Chief finance and operating officer example responsibilities.

Manage employees in GL, A/R, A/P, Credit/Collections, sales, warehousing, and shipping.
Manage development and implementation of customize ERP system.
Lead implementation of new worldwide consolidation system, Hyperion, significantly reducing closing time and improving controls over the consolidation process.
Streamline risk management, convert banking relationship and convert payroll processing to a third party payroll processor.
Work closely with CPA firm to improve operational and financial controls with no significant deficiencies note after year one.
Reduce independent CPA audit time and eliminate audit corrections.

Senior vice president-operations example responsibilities.

Manage accounting department, including A/R, A/P, income audit, cashiers and night audit.
Manage internal accounting control and oversee quarterly CPA audits to maintain accounting integrity.
Achieve significant improvements in operational performance leading to increase customer satisfaction and employee morale and improve EBITDA.
Finance and billing accountability across Medicaid, manage care commercial insurance, insurance verification, contract management, and benefits administration.
Focuse global service delivery practices on PMI PMP, ITIL, and PB-MBOK methodologies and frameworks.
Review onsite OSHA relate safety concerns.

Chief finance and operating officer vs senior vice president-operations skills

Common chief finance and operating officer skills

Financial Statements, 21%
Oversight, 5%
Human Resources, 5%
Payroll, 4%
Regulatory Compliance, 4%
Risk Management, 4%

Common senior vice president-operations skills

Oversight, 11%
Financial Performance, 7%
SVP, 6%
Project Management, 6%
Risk Management, 6%
Customer Service, 5%

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Chief Finance And Operating Officer
Chief Finance And Operating Officer vs Senior Vice President-Operations

Updated January 8, 2025

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