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Become A Finance Vice President

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Working As A Finance Vice President

  • Making Decisions and Solving Problems
  • Getting Information
  • Analyzing Data or Information
  • Processing Information
  • Communicating with Supervisors, Peers, or Subordinates
  • Deal with People

  • Mostly Sitting

  • Make Decisions

  • $150,000

    Average Salary

What Does A Finance Vice President Do

A Finance Vice President supervises all financial-related matters where depth and scope are relative to the size of the company. They create financial plans as defined by the board of directors, as well as direct financing strategies, analysis, forecasting, and budget management.

How To Become A Finance Vice President

Financial managers typically have a bachelor’s degree and 5 years or more of experience in another business or financial occupation, such as an accountant, securities sales agent, or financial analyst.

Education

A bachelor's degree in finance, accounting, economics, or business administration is often the minimum education needed for financial managers. However, many employers now seek candidates with a master’s degree, preferably in business administration, finance, or economics. These academic programs help students develop analytical skills and learn financial analysis methods and software.

Licenses, Certifications, and Registrations

Professional certification is not required, but some financial managers still get it to demonstrate a level of competence. The CFA Institute confers the Chartered Financial Analyst (CFA) certification to investment professionals who have at least a bachelor’s degree, 4 years of work experience, and pass three exams. The Association for Financial Professionals confers the Certified Treasury Professional credential to those who pass an exam and have a minimum of 2 years of relevant experience.

Work Experience in a Related Occupation

Financial managers usually have experience in another business or financial occupation. For example, they may have worked as a loan officer, accountant, securities sales agent, or financial analyst. 

In some cases, companies provide formal management training programs to help prepare highly motivated and skilled financial workers to become financial managers.

Important Qualities

Analytical skills. Financial managers increasingly are assisting executives in making decisions that affect their organization, a task which requires analytical ability.

Communication skills. Excellent communication skills are essential because financial managers must explain and justify complex financial transactions.

Detail oriented. In preparing and analyzing reports such as balance sheets and income statements, financial managers must be precise and attentive to their work in order to avoid errors.

Math skills. Financial managers must be skilled in math, including algebra. An understanding of international finance and complex financial documents also is important.

Organizational skills. Financial managers deal with a range of information and documents and so they must stay organized to do their jobs effectively.

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Finance Vice President jobs

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Real Finance Vice President Salaries

Job Title Company Location Start Date Salary
CFO & Vice President-Service and Finance-Global Mars Food Us, LLC East Rancho Dominguez, CA Sep 15, 2010 $500,000
Chief Financial Officer & VP, Finance Howard Hughes Medical Institute Chevy Chase, MD Feb 22, 2011 $300,000 -
$400,000
Chief Financial Officer and VP of Finance Howard Hughes Medical Institute Chevy Chase, MD Feb 22, 2014 $300,000
Chief Financial Officer & V.P. Finance & Admin. LAZ Parking Ltd., LLC Hartford, CT Jan 01, 2010 $250,000
Associate-Intermediate-Finance/Vp Goldman Sachs & Co. New York, NY Dec 10, 2016 $250,000 -
$400,000
Associate-Intermediate-Finance/Vp Goldman Sachs & Co. San Francisco, CA Nov 17, 2016 $240,000 -
$250,000
Associate-Intermediate-Finance/Vp Goldman Sachs & Co. Houston, TX May 10, 2016 $230,000 -
$250,000
Associate-Intermediate-Finance/Vice President Goldman, Sachs & Co. New York, NY Sep 30, 2015 $230,000
Associate-Intermediate-Finance/Vp Goldman Sachs & Co. New York, NY May 25, 2016 $227,178
Associate-Intermediate-Finance/Vice President Goldman Sachs & Co. New York, NY Jul 07, 2016 $227,178
Associate-Intermediate-Finance/Vp Goldman Sachs & Co. New York, NY Apr 25, 2016 $227,178
Associate-Intermediate-Finance/Vp Goldman Sachs & Co. New York, NY Nov 17, 2014 $225,000 -
$400,000
Associate-Intermediate-Finance/Vp Goldman Sachs & Co. New York, NY Oct 24, 2014 $210,000 -
$225,000
Associate-Intermediate-Finance/Vp Goldman Sachs & Co. New York, NY Dec 22, 2014 $210,000 -
$400,000
Associate-Intermediate-Finance/Vp Goldman, Sachs & Co. New York, NY Jun 16, 2015 $205,587
Associate-Intermediate-Finance/Vp Goldman, Sachs & Co. San Francisco, CA Jan 21, 2016 $205,130
Associate-Intermediate-Finance/Vp Goldman Sachs & Co. New York, NY Jan 22, 2015 $200,000
Associate-Intermediate-Finance/Vp Goldman Sachs & Co. New York, NY Jun 25, 2015 $200,000
Associate-Intermediate-Finance/Vp Goldman Sachs & Co. New York, NY May 22, 2015 $195,000
Trade Finance-Vice President and Counsel MUFG Union Bank, N.A. New York, NY Oct 19, 2015 $190,000
Finance Vice President Synapse Capital Advisors, LLC New York, NY Oct 28, 2014 $141,835
Finance Vice President Emerald Entertainment LLC Santa Monica, CA Jan 03, 2011 $140,000
Finance Vice President LW Asset Management, LLC New York, NY Feb 10, 2009 $137,742
Finance Vice President Ad 1 Management, Inc. Hollywood, FL Sep 08, 2016 $131,373
Finance Transformation, Vice President State Street Bank and Trust Company Boston, MA Sep 01, 2015 $130,500 -
$195,500
(Financial Analyst) Vice President Fieldstone Private Capital Group Inc. New York, NY Sep 05, 2008 $125,000
(Financial Analyst) Vice President Fieldstone Private Capital Group Inc. New York, NY Mar 14, 2009 $125,000
Financial Modeler, VP Jpmorgan Chase & Co. Garden City, NY Mar 02, 2015 $120,000

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Top Skills for A Finance Vice President

FinancialStatementPreparationComplianceHumanResourcesAnnualAuditAssetsDueDiligenceProcessPayrollBasisPointsA/PFinancialAnalysisRiskManagementFinancialPerformanceAnnualRevenuesAnnualBudgetFinancialReportsRealEstateGaapInternalControlsPrivateEquityGeneralLedger

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Top Finance Vice President Skills

  1. Financial Statement Preparation
  2. Compliance
  3. Human Resources
You can check out examples of real life uses of top skills on resumes here:
  • Analyzed Finance and Reporting Department processes that resulted in improved timeliness of financial statement preparation by 50%.
  • Changed out 401(k) plan increasing employee returns; managed compliance.
  • Managed transition to outsourced services for several service departments, including circulation, human resources, web development.
  • Reduced annual audit completion by three (3) months
  • Created the internal financial budget and process used to govern the assets after acquisition.

Top Finance Vice President Employers

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Finance Vice President Videos

Elizabeth Warren Expresses Outrage Over Jamie Dimon's Salary at JP Morgan Chase

Gowrisankar Rainbow Hospital Corporate Finance Vice President

A Day in the Life at GMIT

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