VP – Corporate Budget Job Description

VP – Corporate Budget Job Profile and Description

Reporting to the CFO, the VP for Corporate Budget is responsible for developing and implementing the system-wide budget plan and ensuring its compliance across all departments and affiliates of a large company.  The position oversees a team of budget planners and analysts who aggregate the various departmental and affiliate budgets to ensure they are within the board-approved budget limits.  From time to time, the VP – Corporate Budget can approve budget deviations in excess of allowable amounts when sufficiently justified.

VP – Corporate Budget Job Duties and Responsibilities

• Develop the implementing guidelines for the corporate-wide budgeting process from the templated submissions, defense, iteration, approval, and implementation
• Maintain continuing coordination with accounting to ensure that actual expenses are within approved budgets and for non-zero based budget planning purposes.
• Oversee a team of internal auditors to ensure they perform their duties and responsibilities as expected.
• Conduct meetings with department and affiliate heads to ensure compliance with internal controls as required.
• Coordinate with HR in hiring and firing managers and directors in the department.

VP – Corporate Budget Skills and Specification

• Must have excellent organizational, supervisory, leadership and managerial skills
• Must have excellent communication, presentation and negotiation skills.

VP – Corporate Budget Education and Qualification

• A college degree in accounting with CPA accreditation is basic
• An MBM. MBA or masters degree in the management sciences is basic
• At least 16 -20 years of experience in the corporate accounting and finance management with the last 8 years in a corporate budget management position.

VP – Corporate Budget Salary

The average annual salary of a VP for Corporate Budget  Management is in line with most finance executive positions and varies depending on the business nature, value of budgets being controlled, state, and holder‘s qualification.  In general, a VP in this function can received a high of $200.000 excluding bonuses and perks.