Vice-President of Finance

Vice-President of Finance Job Description

The vice president of finance (VP Finance) is a senior leadership role responsible for the strategic oversight and direction of an organization's financial health. This executive role provides leadership and guidance to the finance team, ensuring accurate financial reporting, risk management, and compliance with regulations.

Typical vice-president of finance duties:

Lead and manage the finance department, including accounting, financial reporting, budgeting, forecasting, and treasury functions.

Develop and implement the organization's financial strategy, aligning it with overall business goals and long-term sustainability.

Oversee the preparation of accurate and timely financial statements according to Canadian Generally Accepted Accounting Principles (CGAAP).

Manage the financial planning and budgeting process, including developing annual budgets, forecasts, and long-range financial plans.

Conduct risk assessments and implement strategies to mitigate financial risks, ensuring the organization's financial stability.

Ensure compliance with all relevant financial regulations and accounting standards, including Canadian tax laws.

Provide insightful financial analysis and recommendations to support informed business decision-making across all departments.

Oversee internal controls and ensure adherence to best practices for safeguarding financial assets and data.

Manage the external audit process and liaise with auditors.

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Salary for Vice-President of Finance

148250 - 201500

25th percentile

148250

The candidate is new to the role and building the needed skills, experience and autonomy.

50th percentile

168500

The candidate has the experience to perform core responsibilities without direct supervision and is comfortable with the role’s processes and subject matter.

75th percentile

201500

The candidate delivers value beyond the stated job duties, has advanced qualifications and experience, and is ready for the next career level.

Projected salaries for related positions

Position title

25th percentile

50th percentile

75th percentile

Chief Financial Officer (CFO) – Corporate Accounting

177750

225500

290750

Treasurer

162500

199500

233500

Director of Accounting

128500

146500

172750

Director of Finance

127750

147500

172250

Director of Financial Reporting

128500

149750

174250

Corporate Controller

127500

155250

180750

Controller – Corporate Accounting

112750

138500

169500

Financial Project Manager

118750

134000

147250

Assistant Treasurer

118000

135750

152250

Assistant Controller

88500

107750

125750

Procurement Manager

77250

88750

107000

Property Accountant

62750

73000

88500

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