Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
Finance vice president hiring summary. Here are some key points about hiring finance vice presidents in the United States:
Here's a step-by-step finance vice president hiring guide:
The vice president of finance is one of the highest-ranking executives in a company. He/She or she works under the chief financial officer, and both have similar duties that are often interchangeable. This executive's primary function is to oversee the company's financial records and project future financial plans and investments. The finance vice president ensures that the company's finances are managed suitably and effectively. This role's responsibilities include leading the team towards achieving the company's financial mission, monitoring the financial performance, preparing and presenting financial reports, and conducting audits on financial expenditures, assets, and liabilities.
The finance vice president hiring process starts by determining what type of worker you actually need. Certain roles might require a full-time employee, whereas part-time workers or contractors can do others.
A finance vice president's background is also an important factor in determining whether they'll be a good fit for the position. For example, finance vice presidents from different industries or fields will have radically different experiences and will bring different viewpoints to the role. You also need to consider the candidate's previous level of experience to make sure they'll be comfortable with the job's level of seniority.
This list presents finance vice president salaries for various positions.
| Type of Finance Vice President | Description | Hourly rate |
|---|---|---|
| Finance Vice President | Financial managers are responsible for the financial health of an organization. They produce financial reports, direct investment activities, and develop strategies and plans for the long-term financial goals of their organization. | $47-106 |
| Director Of Administration & Finance | A director of administration finance oversees and directs an organization's administration and finance department, ensuring operations run smoothly and efficiently according to company standards and regulations. It is their duty to set goals and guidelines, lead the research and development efforts, establish procedures, manage the budgets and costs, review and evaluate financial reports, and implement the organizations' policies and standards... Show more | $35-77 |
| Director Of Operations And Finance | A director of operations and finance is in charge of overseeing and spearheading business and financial operations, ensuring efficiency and smooth workflow. Their responsibilities revolve around performing research and analysis to identify the best practices to optimize operations, coordinating with different departments to gather data, conducting research and analysis to identify new business and investment opportunities, and monitoring the progress of various projects and programs... Show more | $37-87 |
Including a salary range in your finance vice president job description helps attract top candidates to the position. A finance vice president salary can be affected by several factors, such as geography, experience, seniority, certifications, and the prestige of the hiring company.
For example, the average salary for a finance vice president in Mississippi may be lower than in Alaska, and an entry-level finance vice president usually earns less than a senior-level finance vice president. Additionally, a finance vice president with certifications may command a higher salary, and working for a well-known company or start-up may also impact an employee's pay.
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | California | $154,930 | $74 |
| 2 | Delaware | $147,406 | $71 |
| 3 | New York | $145,624 | $70 |
| 4 | Connecticut | $141,916 | $68 |
| 5 | Massachusetts | $141,312 | $68 |
| 6 | Texas | $139,525 | $67 |
| 7 | Nevada | $135,706 | $65 |
| 8 | Washington | $135,571 | $65 |
| 9 | Pennsylvania | $133,634 | $64 |
| 10 | Maryland | $131,593 | $63 |
| 11 | Minnesota | $130,664 | $63 |
| 12 | Missouri | $130,230 | $63 |
| 13 | New Jersey | $130,050 | $63 |
| 14 | Colorado | $129,788 | $62 |
| 15 | New Mexico | $128,107 | $62 |
| 16 | Utah | $126,533 | $61 |
| 17 | Virginia | $126,267 | $61 |
| 18 | Georgia | $126,158 | $61 |
| 19 | District of Columbia | $125,021 | $60 |
| 20 | Oregon | $123,787 | $60 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | Baltimore City Community College | $246,695 | $118.60 | |
| 2 | Dotdash | $188,042 | $90.40 | |
| 3 | PVH | $186,312 | $89.57 | 18 |
| 4 | Helios & Matheson | $185,441 | $89.15 | |
| 5 | Dolby Laboratories | $180,720 | $86.88 | |
| 6 | DoorDash | $179,959 | $86.52 | 5 |
| 7 | Federal Reserve | $178,470 | $85.80 | |
| 8 | A+E Networks | $174,072 | $83.69 | 3 |
| 9 | Meredith Corporation | $173,575 | $83.45 | 1 |
| 10 | Therapy Source | $171,314 | $82.36 | |
| 11 | Hca Hospital Services Of San Diego | $171,070 | $82.25 | |
| 12 | UnitedHealth Group | $169,940 | $81.70 | 94 |
| 13 | Petroleum Services Corp | $167,386 | $80.47 | |
| 14 | ENERGY RECOVERY, INC. | $167,359 | $80.46 | 1 |
| 15 | Grass Valley (US), Inc. | $167,097 | $80.34 | |
| 16 | Global Fund for Women | $166,816 | $80.20 | |
| 17 | Hunterdon Healthcare | $166,660 | $80.13 | 1 |
| 18 | Zscaler | $166,481 | $80.04 | 4 |
| 19 | Lowell General Hospital | $165,313 | $79.48 | |
| 20 | Blendtec | $164,936 | $79.30 |
A job description for a finance vice president role includes a summary of the job's main responsibilities, required skills, and preferred background experience. Including a salary range can also go a long way in attracting more candidates to apply, and showing the first name of the hiring manager can also make applicants more comfortable. As an example, here's a finance vice president job description:
There are various strategies that you can use to find the right finance vice president for your business:
Recruiting finance vice presidents requires you to bring your A-game to the interview process. The first interview should introduce the company and the role to the candidate as much as they present their background experience and reasons for applying for the job. During later interviews, you can go into more detail about the technical details of the job and ask behavioral questions to gauge how they'd fit into your current company culture.
It's also good to ask about candidates' unique skills and talents to see if they match your ideal candidate profile. If you think a candidate is good enough for the next step, you can move on to the technical interview.
The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.
Once you've selected the best finance vice president candidate for the job, it's time to write an offer letter. In addition to salary, this letter should include details about the benefits and perks you offer the candidate. Ensuring that your offer is competitive is essential, as qualified candidates may be considering other job opportunities. The candidate may wish to negotiate the terms of the offer, and you should be open to discussion. After you reach an agreement, the final step is formalizing the agreement with a contract.
It's equally important to follow up with applicants who don't get the job with an email letting them know that the position has been filled.
After that, you can create an onboarding schedule for a new finance vice president. Human Resources and the hiring manager should complete Employee Action Forms. Human Resources should also ensure that onboarding paperwork is completed, including I-9s, benefits enrollment, federal and state tax forms, etc., and that new employee files are created.
Hiring a finance vice president comes with both the one-time cost per hire and ongoing costs. The cost of recruiting finance vice presidents involves promoting the job and spending time conducting interviews. Ongoing costs include employee salary, training, benefits, insurance, and equipment. It is essential to consider the cost of finance vice president recruiting as well the ongoing costs of maintaining the new employee.
Finance vice presidents earn a median yearly salary is $147,603 a year in the US. However, if you're looking to find finance vice presidents for hire on a contract or per-project basis, hourly rates typically range between $47 and $106.