Review Job Description and Financial responsibilities
2
Meet with HR for Company Policy and Procedure Briefing
3
Set Up Company Email, Phone and IT system Access
4
Orientation with CEO and Company Vision Strategy
5
Meet with Outgoing VP of Finance for Briefing
6
Approval: HR Documentation Review
7
Introduce to company's Finance Team
8
Understand Current Financial Projects and Tasks
9
Familiarize with Company's Existing Finance Software & Tools
10
Meet with Other Department Heads
11
Get Access to Financial Reports and Records
12
Approval: Access to Reports
13
Understand Financial Goals and KPIs
14
Set First Month's Goals and Objectives
15
Identify immediate tasks and roles in the finance department
16
Start Training on Specialized Finance Software
17
Approval: Goals and Objectives
18
Meet Regularly with CEO for Updates and Guidance
19
Attend First Team Meeting
20
Complete First Month Assessment
Review Job Description and Financial responsibilities
Take some time to thoroughly review the job description and the financial responsibilities associated with the role. Understand the key tasks, deliverables, and expectations. How do these responsibilities align with your skills and expertise? What impact will your work have on the overall financial health of the company? Make note of any questions or concerns you have and discuss them with your supervisor.
Meet with HR for Company Policy and Procedure Briefing
Arrange a meeting with the HR department to get a comprehensive briefing on the company's policies and procedures. This will help you navigate through the organization effectively. What are the key policies and procedures that you need to be aware of? How do these policies impact your role as the Vice President of Finance? What tools and resources are available to help you understand and follow these policies?
1
Code of Conduct
2
Expense reimbursement policy
3
Financial reporting guidelines
4
Confidentiality policy
5
Conflict of interest policy
Set Up Company Email, Phone and IT system Access
Contact the IT department to set up your company email, phone, and IT system access. These tools are essential for effective communication and collaboration. How would you like your email addressed? What phone number should be associated with your extension? Is there any specific software or tools that you need access to?
1
Microsoft Excel
2
QuickBooks
3
SAP
4
Oracle Financials
5
Tableau
Orientation with CEO and Company Vision Strategy
Schedule a meeting with the CEO to get oriented with the company's vision and strategy. It is important to align your financial goals and objectives with the overall company direction. What is the company's vision? How does the finance department contribute to achieving this vision? What are the key financial goals and objectives that you should prioritize?
1
Becoming the market leader in our industry
2
Driving innovation and technology adoption
3
Delivering exceptional customer experience
4
Expanding to new global markets
5
Building a sustainable and profitable business
1
Improving profitability
2
Optimizing cash flow
3
Managing financial risks
4
Enhancing financial reporting and analysis
5
Supporting business growth initiatives
Meet with Outgoing VP of Finance for Briefing
Arrange a meeting with the outgoing VP of Finance to get a comprehensive briefing on the role and key responsibilities. This will help you understand the historical context and any ongoing projects or challenges. What are the critical aspects of the role that you should be aware of? What ongoing projects or tasks require your immediate attention? Are there any key relationships or stakeholders that you should prioritize?
Approval: HR Documentation Review
Will be submitted for approval:
Review Job Description and Financial responsibilities
Will be submitted
Introduce to company's Finance Team
Take the opportunity to meet and introduce yourself to the members of the finance team. Building relationships and fostering a collaborative environment is crucial for the success of the department. Who are the key members of the finance team? What are their roles and responsibilities? How do they contribute to achieving the department's goals?
1
John Smith (Finance Manager)
2
Emily Johnson (Senior Financial Analyst)
3
Michael Davis (Accounts Payable Specialist)
4
Sarah Anderson (Financial Controller)
5
David Thompson (Financial Planning Manager)
Understand Current Financial Projects and Tasks
Take time to understand the current financial projects and tasks that are in progress. This will help you identify any potential challenges and prioritize your efforts. What are the ongoing financial projects? What are the key deliverables and deadlines? Are there any bottlenecks or resource constraints that need to be addressed?
Familiarize with Company's Existing Finance Software & Tools
Get familiar with the finance software and tools that the company currently uses. This will help you seamlessly integrate into the finance department and contribute effectively. What is the current finance software or tools being used? How do these tools support financial processes and reporting? Is there any training or documentation available to help you get up to speed?
1
SAP
2
Oracle Financials
3
QuickBooks
4
Tableau
5
Microsoft Excel
Meet with Other Department Heads
Schedule meetings with the heads of other departments to understand their financial needs and priorities. This will help you align the finance department's goals with the overall needs of the organization. Who are the key department heads? What are their financial needs and priorities? How can the finance department support their initiatives?
1
Mark Johnson (Sales Department Head)
2
Lisa Brown (Marketing Department Head)
3
Robert Wilson (Operations Department Head)
4
Jennifer Garcia (HR Department Head)
5
Daniel Lee (IT Department Head)
Get Access to Financial Reports and Records
Request access to the financial reports and records that are essential for monitoring and analyzing the financial performance of the company. This will help you make informed decisions and identify areas for improvement. What financial reports and records do you need access to? How often are these reports generated? Is there any particular format or template that should be followed?
Approval: Access to Reports
Will be submitted for approval:
Understand Current Financial Projects and Tasks
Will be submitted
Familiarize with Company's Existing Finance Software & Tools
Will be submitted
Meet with Other Department Heads
Will be submitted
Get Access to Financial Reports and Records
Will be submitted
Understand Financial Goals and KPIs
Gain a clear understanding of the financial goals and key performance indicators (KPIs) that have been established for the department. This will help you measure progress and drive performance improvement. What are the financial goals for the department? How are these goals measured through specific KPIs? How frequently are these KPIs monitored and reported?
1
Weekly
2
Monthly
3
Quarterly
Set First Month's Goals and Objectives
Set your goals and objectives for the first month of your tenure as the Vice President of Finance. This will help you stay focused and ensure progress towards important milestones. What are the key goals and objectives that you want to achieve in the first month? How do these align with the overall department and company goals? Are there any specific deliverables or deadlines associated with these goals?
Identify immediate tasks and roles in the finance department
Identify the immediate tasks and roles that require your attention in the finance department. This will help you prioritize your work and allocate resources effectively. What are the immediate tasks and roles that need attention? How would you prioritize these tasks and roles? Do you have the necessary resources or support to address them?
1
Financial reporting
2
Budgeting and forecasting
3
Accounts payable
4
Financial analysis and modeling
5
Compliance and regulatory reporting
Start Training on Specialized Finance Software
Initiate training on any specialized finance software or tools that you will be using in your role. This will help you leverage the full potential of the software and enhance your productivity. What specialized finance software or tools do you need training on? Are there any training resources or materials available? How long is the expected training period?
1
SAP
2
Oracle Financials
3
QuickBooks
4
Tableau
5
Microsoft Excel
Approval: Goals and Objectives
Will be submitted for approval:
Understand Financial Goals and KPIs
Will be submitted
Set First Month's Goals and Objectives
Will be submitted
Identify immediate tasks and roles in the finance department
Will be submitted
Meet Regularly with CEO for Updates and Guidance
Schedule regular meetings with the CEO to stay updated on the company's progress and seek guidance. This will help you align your actions with the overall strategic direction. How often should these meetings take place? What updates or information should be shared? What specific areas or challenges do you need guidance on?
Attend First Team Meeting
Attend your first team meeting to introduce yourself and get acquainted with the finance team. This will help build rapport and establish an open communication channel. When is the next team meeting scheduled? What topics or agenda will be discussed? Is there any specific information or updates that you need to prepare?
Complete First Month Assessment
Complete an assessment of your first month as the Vice President of Finance. Reflect on your accomplishments, challenges, and areas of improvement. This assessment will help you set the foundation for continuous growth and development. What were your key accomplishments in the first month? What challenges did you encounter? How can you improve your performance in the upcoming months?
