What does a corporate vice president do?
A corporate vice president is an executive professional who is vital in managing staff and supervising departmental operations of a corporation. Corporate vice presidents must assist the president and the board of directors in designing the overall mission, values, and strategic goals of the corporation. As determined by the business's strategic goals, vice presidents must contribute to sales innovations, strategic business development, and the profitability of the corporation. Corporate vice presidents must also attend meetings with the board of directors to share information about competitors and expansion opportunities.
Corporate vice president responsibilities
Here are examples of responsibilities from real corporate vice president resumes:
- Manage all corporate administration: accounting, payroll, employee relations, data processing, and all other administrative functions.
- Manage company-wide initiative to implement internal control processes compliant with Sarbanes-Oxley.
- Lead the consolidation of financial and operational systems for non-acute services including rehabilitation and psychiatry services.
- Provide management oversight and support to international markets to ensure compliance with U.S. GAAP and internal management reporting requirements.
- Work with outside consultants and CPA.
- Produce payroll for thirty staff and union workers, make payroll deposits, and produce annual payroll documents.
- Develop corporate treasury and budgeting functions to create highly accurate forecasting models.
- Coordinate corporate logistics, providing a smooth transition without interrupt business operations.
- Coordinate logistics for roadshows and ensure timely delivery of feedback and schedules.
- Develop and execute treasury sales presentations, written proposals, and profitability analysis.
- Provide oversight for a global TPM assessment initiative with the express purpose of evaluating cost-effective enhancements to existing systems and processes.
- Coordinate efforts with parent's Accounting/Finance department for implementation of new IFRS requirements.
- Design and implement procedures to streamline reporting requirements to meet publicly trade foreign parent deadlines while conforming to IFRS standards.
- Supervise an accounting staff of 10 including financial reporting, invoicing, A/R, A/P and collections.
- Restructure the entire organization significantly increasing EBITDA through improve gross margin percentages, headcount and expense savings initiatives.
Corporate vice president skills and personality traits
We calculated that 9% of Corporate Vice Presidents are proficient in Risk Management, Portfolio, and Oversight. They’re also known for soft skills such as Management skills, Time-management skills, and Problem-solving skills.
We break down the percentage of Corporate Vice Presidents that have these skills listed on their resume here:
- Risk Management, 9%
Centralized strategic oversight for the company s international treasury operations, bank relationships, investment management/financing and foreign currency risk management.________________________________________
- Portfolio, 8%
Pioneered cross-functional processes for Demand Management, Program/Project Delivery, Governance, Execution Quality, Financial Management and IT Portfolio Management.
- Oversight, 7%
Improved executive-level compliance risk oversight through enhanced compliance risk dashboards and risk assessments focusing on value-add risk-based metrics.
- Project Management, 6%
Improved customer service delivery, implementing project management capabilities and hiring a needed business liaison.
- Financial Statements, 5%
Manage the consolidation process of two holding companies, including the preparation of consolidated financial statements and related footnotes.
- Real Estate, 4%
Provided strategic global leadership and direction for the real estate and administration functions in support of corporation s overall business objectives.
"risk management," "portfolio," and "oversight" are among the most common skills that corporate vice presidents use at work. You can find even more corporate vice president responsibilities below, including:
Time-management skills. Another essential skill to perform corporate vice president duties is time-management skills. Corporate vice presidents responsibilities require that "top executives do many tasks concurrently to ensure that their work gets done and that the organization meets its goals." Corporate vice presidents also use time-management skills in their role according to a real resume snippet: "applied strategic planning and project management skills toward consistently achieving critical deadlines while maintaining high quality standards. "
Problem-solving skills. This is an important skill for corporate vice presidents to perform their duties. For an example of how corporate vice president responsibilities depend on this skill, consider that "top executives need to identify and resolve issues within an organization." This excerpt from a resume also shows how vital it is to everyday roles and responsibilities of a corporate vice president: "led the development and delivery of efficient and effective solutions to the employee side of the healthcare business. ".
Leadership skills. For certain corporate vice president responsibilities to be completed, the job requires competence in "leadership skills." The day-to-day duties of a corporate vice president rely on this skill, as "top executives must be able to shape and direct an organization by coordinating policies, people, and resources." For example, this snippet was taken directly from a resume about how this skill applies to what corporate vice presidents do: "provided leadership and support for successful erp implementation and integration to shared services environment. "
Communication skills. Lastly, "communication skills" is an important element of what a corporate vice president does. Corporate vice president responsibilities require this skill because "top executives must be able to convey information clearly and persuasively." This resume example highlights how corporate vice president duties rely on this skill: "leveraged social media for communication and relationship building, we distribute footwear through 750+ local"
The three companies that hire the most corporate vice presidents are:
- New York Life Insurance96 corporate vice presidents jobs
- JPMorgan Chase & Co.27 corporate vice presidents jobs
- Goldman Sachs15 corporate vice presidents jobs
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Compare different corporate vice presidents
Corporate vice president vs. President & chief operating officer
A president/chief operating officer is responsible for monitoring the overall daily business operations and implementing corporate decisions for the company and its people's best interests. Presidents/chief operating officers regularly meet with the key executives and business partners to share corporate updates and strategize techniques to improve functions and increase the brand's image in the market. They review financial performance and reports, conduct data and statistical analysis, and lead initiatives that would increase the company's productivity and efficiency.
There are some key differences in the responsibilities of each position. For example, corporate vice president responsibilities require skills like "portfolio," "project management," "financial statements," and "treasury." Meanwhile a typical president & chief operating officer has skills in areas such as "revenue growth," "strategic partnerships," "start-up," and "logistics." This difference in skills reveals the differences in what each career does.
President & chief operating officers tend to make the most money working in the construction industry, where they earn an average salary of $197,924. In contrast, corporate vice presidents make the biggest average salary, $167,797, in the hospitality industry.The education levels that president & chief operating officers earn slightly differ from corporate vice presidents. In particular, president & chief operating officers are 1.4% more likely to graduate with a Master's Degree than a corporate vice president. Additionally, they're 1.5% less likely to earn a Doctoral Degree.Corporate vice president vs. Corporate controller
A corporate controller is an individual who is responsible for supervising the overall daily accounting operations of an organization. Integral to the financial health of the organization, corporate controllers are required to help the organization with strategic financial decisions through forecasting reports and financial statements. They oversee maintaining accounting records by keeping and storing them in an operable system. Corporate controllers are also required to manage the accounting operations of the organization's subsidiaries.
Each career also uses different skills, according to real corporate vice president resumes. While corporate vice president responsibilities can utilize skills like "portfolio," "project management," "healthcare," and "strong project management," corporate controllers use skills like "cpa," "reconciliations," "close process," and "cash flow."
Corporate controllers earn a lower average salary than corporate vice presidents. But corporate controllers earn the highest pay in the manufacturing industry, with an average salary of $141,530. Additionally, corporate vice presidents earn the highest salaries in the hospitality with average pay of $167,797 annually.Average education levels between the two professions vary. Corporate controllers tend to reach similar levels of education than corporate vice presidents. In fact, they're 1.1% less likely to graduate with a Master's Degree and 1.5% less likely to earn a Doctoral Degree.Corporate vice president vs. Vice president and manager
A vice president/manager is responsible for monitoring the operations of the organization's departments, ensuring the completion of all tasks accurately to achieve business goals and client satisfaction. A vice president/manager often attends board meetings to share updates, identify business opportunities, and develop strategical procedures on improving the company's project management system. They also monitor budget goals and develop sales initiatives to boost the company's profitability. A vice president/manager must have excellent leadership and communication skills, as well as strong decision-making skills to make company decisions for overall development.
The required skills of the two careers differ considerably. For example, corporate vice presidents are more likely to have skills like "portfolio," "healthcare," "strong project management," and "strategic plan." But a vice president and manager is more likely to have skills like "customer service," "client relationships," "loan portfolio," and "wealth management."
Vice president and managers earn the best pay in the finance industry, where they command an average salary of $134,647. Corporate vice presidents earn the highest pay from the hospitality industry, with an average salary of $167,797.When it comes to education, vice president and managers tend to earn similar degree levels compared to corporate vice presidents. In fact, they're 4.3% less likely to earn a Master's Degree, and 2.9% less likely to graduate with a Doctoral Degree.Corporate vice president vs. Corporate manager
A corporate manager is responsible for leading the corporate team in operational processes and ensuring that the company provides the highest satisfaction for the clients. Corporate managers identify business opportunities through data and statistical analysis and review of current market trends to generate more revenue resources and increase the company's profitability. They resolve process gaps, handle the operational budget, and represent the company in regional corporate meetings, requiring them to possess excellent communication and leadership skills.
Even though a few skill sets overlap between corporate vice presidents and corporate managers, there are some differences that are important to note. For one, a corporate vice president might have more use for skills like "risk management," "portfolio," "treasury," and "strong project management." Meanwhile, some responsibilities of corporate managers require skills like "continuous improvement," "lean six sigma," "fp," and "logistics. "
In general, corporate managers earn the most working in the finance industry, with an average salary of $111,815. The highest-paying industry for a corporate vice president is the hospitality industry.The average resume of corporate managers showed that they earn similar levels of education compared to corporate vice presidents. So much so that theyacirc;euro;trade;re 2.4% less likely to earn a Master's Degree and less likely to earn a Doctoral Degree by 3.3%.Types of corporate vice president
Updated January 8, 2025
