The organizational structure of a finance department is determined by each individual company, largely depending on whether it is a small, medium or large sized organization. The Vice-President of Finance and Administration is responsible to the organization’s President for all long-range financial matters and to establish company-wide financial and administrative objectives, policies, programs, and practices, which insure the company of a continuously sound financial structure. The controller(s) or accounting director(s) usually report directly to the organization’s Chief Financial Officer (CFO). The A VP of Finance, Controller is responsible for overall management of accounting operations, including CFO/Vice President. On average, a CFO salary is approximately $366,960 per year in the U.S. Though chief financial officers (CFO) and controllers both play important parts in ensuring the financial health of businesses, the specific duties of the two jobs differ substantially. Vice President, Corporate Controller at Grocery Outlet University of Southern California - Marshall School of Business View profile View profile badges As part of the monitoring of the organization's finances, vice presidents of finance must conduct regular audits of expenditures, assets and liabilities, making sure the recorded figures are verifiable and accurate. One of the more amorphous duties of the vice president of finance is planning for the company's financial future. The SEC's complaint, filed in federal court in Los Angeles, California, alleges that Mark Loman, the former Controller and Vice President of Finance of OSI, knew that the company was going to fall far short of its revenue and earnings expectations in the last quarter of 2015. Accountants and Senior Accountants An organization may employ one or more senior accountants to handle the actual creation of financial … The finance director or vice president of finance reports directly to the CFO -- as does the controller -- and oversees the financial functions of the organization. However, this figure varies from state-to-state and from one organization to the next. Recruited as a key member of it’s management team to guide it through Chapter 11 and reorganization. Chief Financial Officer / Controller, 2003 to 2004. Challenged to lead the design, development and implementation of improved business and financial systems and processes. Controller vs. Bookkeeper is the right continuum. May I suggest that CFO vs. A chief accounting officer (CAO) oversees all of the accounting departments within their company, while a controller oversees the day-to-day financial operations. The most typical organizational structure consists of a chief financial officer (), a vice president, one or more accountants and a budget analyst.. In a financial services firm, vice president generally is an honorific earned by an individual, or an indicator of rank, rather than a descriptive attached to a specific position in the firm. ... CFO / Vice President Finance, 1986-2002. The AVP of Finance, Controller manages the accounting staff including Accounts Payable and Cashier’s Office and reports to the Vice President (VP) of Finance. As a former ‘Wall St’ analyst turned CFO, I see your titles creating a bit of confusion Fred. A controller would typically be responsible for all accounting activities that happen at his or her facility. VICE-PRESIDENT-FINANCE & ADMINISTRATION SUMMARY OF FUNCTIONS. Those who work for small companies may also fulfill the responsibilities of a financial controller. 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