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Finance Director directs an organization's financial resources and ensures operations comply with financial regulations and standards. Provides guidance to all financial functions including accounting, budget, credit, risk, tax, and treasury. Being a Finance Director assists with budget development and provides oversight to monitor cash flow, control expenses, and manage debt. Develops financial modeling and analytical tools to measure and forecast the impact of various business scenarios, risks, and changes. Additionally, Finance Director develops processes, policies, and controls to define operational standards and ensure accurate, timely, and compliant financial operations. Requires a master's degree in accounting or finance. Typically reports to senior management. The Finance Director manages a departmental sub-function within a broader departmental function. Creates functional strategies and specific objectives for the sub-function and develops budgets/policies/procedures to support the functional infrastructure. To be a Finance Director typically requires 5+ years of managerial experience. Deep knowledge of the managed sub-function and solid knowledge of the overall departmental function.
VP of Finance oversees an organization's financial operations, reporting, and governance to ensure financial health and support high-level strategic planning. Provides regulatory oversight for financial reporting and accounting to ensure operations are compliant and responsive to operational or regulatory changes. Being a VP of Finance collaborates with senior leaders to understand business needs, develop strategies, and ensure financial goals support business objectives. Reviews and approves budgets and forecasts to ensure resources and efforts align with the organization's mission. Additionally, VP of Finance evaluates and improves financial modeling and analytical tools to measure and forecast the impact of various economic scenarios, risks, and business changes. Identifies and oversees funding through debt, equity, and various financial instruments to support business operations, optimize cash flow, and manage risk. Requires a master's degree in accounting or finance. Typically reports to senior management. The VP of Finance manages a departmental function within a broader corporate function. Develops major goals to support broad functional objectives. Approves policies developed within various sub-functions and departments. To be a VP of Finance typically requires 8+ years of managerial experience. Comprehensive knowledge of the overall departmental function.
SVP of Finance oversees an organization's financial operations, reporting, and governance to ensure financial health and support high-level strategic planning. Provides regulatory oversight for financial reporting and accounting to ensure operations are compliant and responsive to operational or regulatory changes. Being an SVP of Finance collaborates with senior leaders to understand business needs, develop strategies, and ensure financial goals support business objectives. Reviews and approves budgets and forecasts to ensure resources and efforts align with the organization's mission. Additionally, SVP of Finance evaluates and improves financial modeling and analytical tools to measure and forecast the impact of various economic scenarios, risks, and business changes. Identifies and oversees funding through debt, equity, and various financial instruments to support business operations, optimize cash flow, and manage risk. Requires a master's degree in accounting or finance. Typically reports to top management. The SVP of Finance manages a business unit, division, or corporate function with major organizational impact. Establishes overall direction and strategic initiatives for the given major function or line of business. Has acquired the business acumen and leadership experience to become a top function or division head.