Vice presidents of finance and chief financial officers perform very similar job duties. As such, their titles can be interchangeable depending on the size of a given company. When both positions exist in a company, CFOs are generally considered to be more strategically-oriented and forward thinking whereas finance VPs ensure that their respective company's finances are managed appropriately and effectively. However, both positions report to and/or work closely with the president and the CEO of a given company.
Vice President (VP) Finance & Chief Financial Officer (CFO) Tasks
Direct financing strategies, analysis, forecasting and budget management.
Direct all aspects of accounting operations such as receivables, payables, payroll and financial reporting.
Oversee all financial related matters where depth and scope is relative to the size of the company.
Coordinate, prepare and review all annual financial reports.