What does a vice president, operations and finance do?
A vice president of operations and finance is a senior management professional who develops financial management strategies and goals for an organization. This vice president must advise the corporate president and other senior management members about the organization's financial planning budget, cash flow, investment priorities, and policy matters. The vice president must supervise the work of the finance and operations teams while promoting high performance and continuous improvement among staff members. This vice president must also implement policies and procedures for both in finance and general operational realms.
Vice president, operations and finance responsibilities
Here are examples of responsibilities from real vice president, operations and finance resumes:
- Lead team who build the infrastructure, and implement ERP and CRM systems.
- Oversee and manage company's online presence including online content, SEO and web updates.
- Lead online marketing efforts, including e-mail marketing, PPC, SEO, and development of a new content website.
- Lead business requirement definition, technology evaluation and selection of a new ERP solution.
- Lead implementation of new worldwide consolidation system, Hyperion, significantly reducing closing time and improving controls over the consolidation process.
- Direct all accounting functions including A/P, A/R, general ledger and credit.
- Develop variations of financial reports that comply with international reporting regulations including GAAP, IFRS, and German GAAP standards.
- Develop and implement payroll and accounting policies and procedures to tighten internal controls.
- Work closely with CPA's during annual audits.
- Work with outside CPA to obtain successful outcome to complex IRS audit.
- Support all business in adherence to GAAP and primary source for external audit for division.
- Create new sales process with introduction of a CRM system to drive revenue and process for repeat business.
- Provide strategic oversight for this regional community, health and human-service non-profit.
- Assume all H/R responsibilities and establish an electronic benefits administration and payroll processing system.
- Develop cross training partnerships with local/regional tour directors to share key knowledge regarding event management, course negotiations and administrative roles/responsibilities.
Vice president, operations and finance skills and personality traits
We calculated that 15% of Vice Presidents, Operations And Finance are proficient in Financial Statements, Oversight, and Payroll. They’re also known for soft skills such as Leadership skills, Management skills, and Problem-solving skills.
We break down the percentage of Vice Presidents, Operations And Finance that have these skills listed on their resume here:
- Financial Statements, 15%
Managed monthly financial reporting including financial statements, budget vs. actual analysis, customer and product line profitability and business metrics.
- Oversight, 7%
Provided guidance and oversight to Cost Accounting in defining emerging accounting policy practice related to manufacturing and field support services.
- Payroll, 5%
Assumed all H/R responsibilities and established an electronic benefits administration and payroll processing system.
- Financial Performance, 4%
Designed and produced a real-time key business metrics dashboard used by executives to monitor operational and financial performance.
- CPA, 4%
Worked with outside CPA to obtain successful outcome to complex IRS audit.
- Financial Operations, 4%
Led the financial operations governing foreign and domestic subsidiary acquisitions, plant closings, and comprehensive reporting.
Common skills that a vice president, operations and finance uses to do their job include "financial statements," "oversight," and "payroll." You can find details on the most important vice president, operations and finance responsibilities below.
Leadership skills. The most essential soft skill for a vice president, operations and finance to carry out their responsibilities is leadership skills. This skill is important for the role because "top executives must be able to shape and direct an organization by coordinating policies, people, and resources." Additionally, a vice president, operations and finance resume shows how their duties depend on leadership skills: "provided leadership regarding radius erp system configuration discussions and decisions, escalated issues as necessary to get consensus. "
Problem-solving skills. Another skill that relates to the job responsibilities of vice presidents, operations and finance is problem-solving skills. This skill is critical to many everyday vice president, operations and finance duties, as "top executives need to identify and resolve issues within an organization." This example from a resume shows how this skill is used: "led business requirement definition, technology evaluation and selection of a new erp solution. "
Time-management skills. vice president, operations and finance responsibilities often require "time-management skills." The duties that rely on this skill are shown by the fact that "top executives do many tasks concurrently to ensure that their work gets done and that the organization meets its goals." This resume example shows what vice presidents, operations and finance do with time-management skills on a typical day: "redesigned and implemented ms navision erp system for us subsidiaries on time. "
Communication skills. A commonly-found skill in vice president, operations and finance job descriptions, "communication skills" is essential to what vice presidents, operations and finance do. Vice president, operations and finance responsibilities rely on this skill because "top executives must be able to convey information clearly and persuasively." You can also see how vice president, operations and finance duties rely on communication skills in this resume example: "oversee the preparation and communication of financial reports, operating statements and key metrics used by management in sas. "
The three companies that hire the most vice president, operations and finances are:
- ICF3 vice presidents, operations and finance jobs
- Advantage Solutions3 vice presidents, operations and finance jobs
- UnityPoint Health3 vice presidents, operations and finance jobs
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Compare different vice presidents, operations and finance
Vice president, operations and finance vs. Finance director
A finance director's role is to oversee all financial activities and aspects of a company or organization. One of their duties is to gather necessary financial data and cultivate reports on essential matters such as revenue and budget, provide risk assessments and estimates, implement vital policies, and allocate funds within the company. Furthermore, a finance director must also devise strategies and recommend innovative methods for financial gains, while in adherence to the organization's policies and regulations.
There are some key differences in the responsibilities of each position. For example, vice president, operations and finance responsibilities require skills like "financial statements," "regulatory compliance," "business plan," and "business operations." Meanwhile a typical finance director has skills in areas such as "work ethic," "financial data," "strong work ethic," and "hyperion." This difference in skills reveals the differences in what each career does.
Finance directors earn the highest salaries when working in the manufacturing industry, with an average yearly salary of $128,738. On the other hand, vice presidents, operations and finance are paid more in the technology industry with an average salary of $140,698.The education levels that finance directors earn slightly differ from vice presidents, operations and finance. In particular, finance directors are 0.6% more likely to graduate with a Master's Degree than a vice president, operations and finance. Additionally, they're 0.2% less likely to earn a Doctoral Degree.Vice president, operations and finance vs. Finance manager
A finance manager is responsible for monitoring the financial system of a company. Their tasks include handling their organization's financial status, generating cost estimates and budget goals, identifying business opportunities to increase revenues and profitability, improving financial strategies, reducing costs, analyzing account statements, processing invoice as needed, analyzing market trends, searching potential partnerships, and presenting reports. A finance manager must have excellent analytical skills and knowledge of the accounting and financial industry. They are responsible for providing the best recommendations for the organization's growth.
Each career also uses different skills, according to real vice president, operations and finance resumes. While vice president, operations and finance responsibilities can utilize skills like "financial statements," "oversight," "regulatory compliance," and "risk management," finance managers use skills like "customer service," "hyperion," "strong analytical," and "work ethic."
Finance managers may earn a lower salary than vice presidents, operations and finance, but finance managers earn the most pay in the finance industry with an average salary of $118,926. On the other hand, vice presidents, operations and finance receive higher pay in the technology industry, where they earn an average salary of $140,698.Average education levels between the two professions vary. Finance managers tend to reach similar levels of education than vice presidents, operations and finance. In fact, they're 2.4% less likely to graduate with a Master's Degree and 0.2% less likely to earn a Doctoral Degree.What technology do you think will become more important and prevalent for vice president, operations and finances in the next 3-5 years?
Hart Hodges
Associate Professor in Economics & Director Center for Economic and Business Research, Western Washington University
They need to understand the strengths and weaknesses of different data sources and use technologies that let them combine data that are in different formats. For example, there are valuable economic data in GIS format that you may want to combine with data in a very different format. In the end, I think some coding skills (SQL, Python, etc.) are going to be useful - but coding skills alone do not make you a good consumer of data. Technologies that allow for scenario analysis and thinking about uncertainty in different ways will also be more common in the future.
Vice president, operations and finance vs. Finance analyst
A finance analyst is responsible for evaluating a company's financial data and historical reports to assess investment opportunities and provide accurate financial statements in support of business strategies and company performance prediction. A financial analyst's duties also include suggesting recommendations to boost operations efficiency and grow revenues, researching the current market performance and economic trends to adjust budget goals as needed, and managing client portfolios. Finance analysts must have excellent critical and analytical thinking skills to identify the best actions for the company's profitability.
There are many key differences between these two careers, including some of the skills required to perform responsibilities within each role. For example, a vice president, operations and finance is likely to be skilled in "financial statements," "oversight," "cpa," and "financial operations," while a typical finance analyst is skilled in "financial data," "strong analytical," "hyperion," and "customer service."
Finance analysts earn the highest salary when working in the finance industry, where they receive an average salary of $92,446. Comparatively, vice presidents, operations and finance have the highest earning potential in the technology industry, with an average salary of $140,698.Most finance analysts achieve a similar degree level compared to vice presidents, operations and finance. For example, they're 3.3% less likely to graduate with a Master's Degree, and 0.6% less likely to earn a Doctoral Degree.Vice president, operations and finance vs. Controller, vice president
A Controller, Vice President is focused on controlling and directing financial planning and budget management. They supervise the daily operations of the finance department, such as financial reporting, accounts payable, and payroll.
Types of vice president, operations and finance
Updated January 8, 2025
