{"id":11774,"date":"2025-09-24T09:37:05","date_gmt":"2025-09-24T13:37:05","guid":{"rendered":"https:\/\/www.kenova.ca\/vice-presidente-finances-vp-finance\/"},"modified":"2025-10-09T15:07:44","modified_gmt":"2025-10-09T19:07:44","slug":"vice-president-finance-job-description-responsibilities-and-salary-in-quebec","status":"publish","type":"page","link":"https:\/\/www.kenova.ca\/en\/job-profiles\/vice-president-finance-job-description-responsibilities-and-salary-in-quebec\/","title":{"rendered":"Vice President Finance (VP Finance)"},"content":{"rendered":"<section class=\"block block-header block-header-single no-padding\">\n    <div class=\"container\">\n        <div class=\"content stack\">\n            <a href=\"https:\/\/www.kenova.ca\/en\/job-profiles\/\" class=\"link-back\">\n                <svg class=\"icon icon-arrow-left\" aria-hidden=\"true\" role=\"img\"> <use href=\"#icon-arrow-left\" xlink:href=\"#icon-arrow-left\"><\/use> <\/svg> Back to job profiles            <\/a>\n            <h1>Vice President Finance<\/h1>\n            <div class=\"meta\">\n                <span class=\"subtitle\">Job Description, Responsibilities, and Salary in Quebec<\/span>\n            <\/div>\n        <\/div>\n    <\/div>\n<\/section>\n\n<div class=\"block-content bg-white\">\n    <div class=\"container\">\n        <div class=\"content stack\">\n            <h2>Definition of the Vice President Finance role<\/h2>\n<p>The Vice President Finance (VP Finance) holds a key strategic position in managing an organization\u2019s financial performance. Acting as the conductor of financial operations, the VP Finance oversees budgets, profitability analysis, and decision-making processes. Depending on the company\u2019s size, this role may serve as an intermediate step between the Finance Director and the CFO, or as the top financial executive in smaller organizations.<\/p>\n<p>&nbsp;<\/p>\n<h4>Typical responsibilities of a VP Finance<\/h4>\n<ul>\n<li>Supervise all financial and accounting operations<\/li>\n<li>Develop and oversee budgets, forecasts, and profitability analyses<\/li>\n<li>Optimize financial processes, internal controls, and management tools<\/li>\n<li>Manage banking, tax, and regulatory relationships<\/li>\n<li>Lead teams in accounting, FP&amp;A, payroll, and related functions<\/li>\n<li>Provide strategic support to executive management in key decisions<\/li>\n<li>Prepare the organization for growth, acquisitions, or financing rounds<\/li>\n<\/ul>\n<h4 class=\"has-orange-color\">Key skills required for a VP Finance position<\/h4>\n<ul>\n<li>Strong knowledge of accounting standards (ASPE, IFRS), management control, and financial tools<\/li>\n<li>Excellent analytical and synthesis skills<\/li>\n<li>Inspiring and structured leadership<\/li>\n<li>Business acumen and operational understanding<\/li>\n<li>Proficiency with ERP systems and advanced financial software<\/li>\n<li>Ability to work with senior executives and external investors<\/li>\n<\/ul>\n<h4>Education and experience requirements<\/h4>\n<ul>\n<li>CPA designation required or strongly recommended<\/li>\n<li>10 to 15 years of progressive finance experience with proven leadership<\/li>\n<li>Experience in SMEs or large corporations depending on the role<\/li>\n<li>Background in public accounting (audit, advisory) is often valued<\/li>\n<\/ul>\n        <\/div>\n    <\/div>\n<\/div>\n\n<div class=\"block-content bg-orange\">\n    <div class=\"container\">\n        <div class=\"content stack\">\n            <h4>Differences between SMEs and large corporations<\/h4>\n<h5 class=\"has-orange-color\">VP Finance in an SME<\/h5>\n<ul>\n<li>Broad role, often equivalent to a CFO<\/li>\n<li>Oversees all financial operations<\/li>\n<li>Contributes to overall strategy (sometimes also HR and IT)<\/li>\n<li>Responsible for building and structuring financial tools<\/li>\n<\/ul>\n<h5 class=\"has-orange-color\">VP Finance in a large corporation<\/h5>\n<ul>\n<li>Role positioned under a CFO, with a more defined scope<\/li>\n<li>Oversees one or several specialized teams (e.g., FP&amp;A, reporting)<\/li>\n<li>Focus on financial performance, budgeting, and forecasting<\/li>\n<li>Operates in an established and standardized framework<\/li>\n<\/ul>\n        <\/div>\n    <\/div>\n<\/div>\n\n<div class=\"block-content bg-white\">\n    <div class=\"container\">\n        <div class=\"content stack\">\n            <h4>Career outlook and progression<\/h4>\n<ul>\n<li>Promotion to CFO in a larger or more complex organization<\/li>\n<li>Transition to general management (e.g., COO, Business Unit President)<\/li>\n<li>Strategic leadership on an executive committee or board of directors<\/li>\n<li>Leading international or multi-subsidiary finance teams<\/li>\n<\/ul>\n<h4 class=\"has-orange-color\">Salary of a Vice President Finance in Quebec<\/h4>\n<ul>The compensation for a VP Finance varies based on company size and industry sector:<\/p>\n<li>SME: CAD $130,000 \u2013 $170,000, often with bonuses and mid-term incentives<\/li>\n<li>Large corporation: CAD $160,000 \u2013 $200,000+, including performance bonuses, group RRSPs, and corporate benefit<\/li>\n<\/ul>\n<p>These ranges are indicative. Autonomy level, sector (public vs. private), and company lifecycle stage directly impact salary.<\/p>\n        <\/div>\n    <\/div>\n<\/div>\n\n<div class=\"block-content bg-white\">\n    <div class=\"container\">\n        <div class=\"content stack\">\n            <h2>FAQ \u2013 Vice President Finance (VP Finance)<\/h2>\n        <\/div>\n        <div class=\"page-fiches-metiers-single__faq-listing\">\n                            <div class=\"block-numbers-el\">\n                    <div class=\"faq__single\">\n                        <div class=\"faq__single--toggle\">\n                            What is the average salary of a VP Finance in Quebec?                        <\/div>\n                        <div class=\"faq__single--collapse\" style=\"display: none\">\n                            <div class=\"faq__single--description\">\n                                <p>On average, a VP Finance earns between CAD $150,000 and $200,000 depending on company size and industry.<\/p>\n                            <\/div>\n                        <\/div>\n                    <\/div>\n                <\/div>\n                            <div class=\"block-numbers-el\">\n                    <div class=\"faq__single\">\n                        <div class=\"faq__single--toggle\">\n                            What is the difference between a VP Finance and a CFO?                        <\/div>\n                        <div class=\"faq__single--collapse\" style=\"display: none\">\n                            <div class=\"faq__single--description\">\n                                <p>The CFO (Chief Financial Officer) is usually the highest-ranking financial position in an organization. The VP Finance may report to the CFO or assume the top finance role in an SME.<\/p>\n                            <\/div>\n                        <\/div>\n                    <\/div>\n                <\/div>\n                            <div class=\"block-numbers-el\">\n                    <div class=\"faq__single\">\n                        <div class=\"faq__single--toggle\">\n                            What skills are essential to become a VP Finance?                        <\/div>\n                        <div class=\"faq__single--collapse\" style=\"display: none\">\n                            <div class=\"faq__single--description\">\n                                <p>Key skills include strong knowledge of accounting standards, financial planning, team leadership, and strategic business understanding.<\/p>\n                            <\/div>\n                        <\/div>\n                    <\/div>\n                <\/div>\n                            <div class=\"block-numbers-el\">\n                    <div class=\"faq__single\">\n                        <div class=\"faq__single--toggle\">\n                            Is a CPA designation required to become a VP Finance?                        <\/div>\n                        <div class=\"faq__single--collapse\" style=\"display: none\">\n                            <div class=\"faq__single--description\">\n                                <p>A CPA designation is strongly recommended and often required by most employers.<\/p>\n                            <\/div>\n                        <\/div>\n                    <\/div>\n                <\/div>\n                    <\/div>\n    <\/div>\n<\/div>\n\n<div class=\"page-fiches-metiers-single__share\">\n    <div class=\"container\">\n        <div class=\"share\">\n            <span>Share this article<\/span>\n            <a target=\"_blank\" 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