What is a Hire a VP of Finance?
A Vice President of Finance is responsible for leading a company’s financial planning, accounting procedures, debt financing, and budget management. This position requires strict attention to detail and excellent organization skills. A successful VP of Finance must have significant knowledge of automated finance and accounting systems and several years of budget management experience.
VP of Finance Qualifications
A VP of Finance requires extensive knowledge in accounting, finance, budgeting, and financial projections. A qualified applicant also demonstrates effective leadership skills, as well as the communication skills required to motivate teams and be a financial point person for a large or growing company. Required education typically includes a master's degree in business, accounting, or finance. Experience is a must, with the most qualified individuals providing up to 10 years of experience in a mid to senior level accounting position.
Duties of a VP of Finance
- Plan and oversee daily operations of the finance department
- Manage financial reports, budgets, and financial forecasts
- Coordinate financial audits and provide recommendations for improvements
- Assist in establishing long and short-term goals and the budget required to meet these goals
- Ensure compliance with federal, state, and local budgeting requirements
Interview Questions to Ask
Asking the right interview questions when hiring a VP of finance is key. When interviewing, we recommend engaging in thoughtful conversations and purposeful relationship building. Here are some starter questions to consider when hiring a VP of finance:
- What do you view as the most important qualities of a VP of finance?
- Have you ever reported to multiple supervisors at once? How did you manage each person’s priorities?
- Can you describe a project you were assigned in one of your previous roles and how you approached it?
- What made you interested in working with our company?
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