Managing Director Job Description Sample
For those who have an interest in pursuing a rewarding career as a managing director, you'll be responsible for overseeing a company's business operations. You'll also act as a liaison with stakeholders and be responsible for driving strategic company growth. You'll also be responsible for the company's overall performance.
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Managing Director Job Description Sample
Our company is in search of an organized and experienced Managing Director. Candidates serving in this role are responsible for overseeing business operations and providing strategic leadership. Additional responsibilities include developing and implementing company policies and strategic plans, communicating consistently with stakeholders, and being the driving force behind organizational success. Being successful in this role means you can manage and advance the company's strategic objectives. Top candidates have exceptional leadership qualities, are adept at crisis management, and drives the company's strategic vision.
Managing Director Salary
According to statistics gathered by PayScale during November 2019, a Managing Director's national average salary is $146,161 per year. That equates to an average hourly wage of $31.00. Entry-level Managing Directors with less than one year of experience can expect to see an average salary of $62,000 per year. Those who have been working as a Managing Director for twenty years or longer are reporting wages of $184,000 per year or higher.
Managing Director Job Description for the Resume
Astute Managing Director with extensive experience in formulating and implementing strategies, profit and loss, establishing performance management frameworks, client relationship management, large team leadership, union negotiation, and the development and implementation of new business strategies. I also have a substantial background in cost reduction, multi-site operations, best practice implementation, and multi-drop distribution. I have practical experience regarding the development of corporate strategies and handling clients. I’m seeking to leverage this experience and expertise in your already existing business.
Managing Director Skills
In this section, you're outlining your candidate's skills. You can include requirements for previous job experience, technical skills, certifications, and so on. If you have personality traits and soft skills you envision for a successful hire, include them in this section as well. Avoid making this section too long. Otherwise, you'll dissuade applications coming in from qualified candidates.
Here's an example of a reasonable list of skills for a Managing Director:
- Impeccable written and verbal communication skills.
- Has expertise in negotiations and presentation skills.
- Outstanding problem-solving, critical thinking, and analytical skills.
- Remarkable leadership and organizational skills.
- Outstanding motivational skills for employees they oversee.
- Has incredible team-building skills and expertise.
- Can develop employee talents and delegate responsibilities.
- Working knowledge of Microsoft Office.
Managing Director Duties & Responsibilities
The most important part of a company's job description is where the list of duties and responsibilities go. Here is where you'll outline the functions of the position, what responsibilities will occur regularly, and other pertinent details.
Here’s an example of a Managing Director’s duties and responsibilities:
- Reports to top-tier executives and the board of directors.
- Creates strategic sales and marketing plans to help boost efficiency and profits.
- Recruits new employees and interacts with existing clientele.
- Coordinates the efforts of various company departments, including finance, legal, marketing, and sales.
- Develops and executes business strategies for achieving long and short-term goals.
- Reports to the board with market insights, as well as strategic advice.
- Improves cost-efficiency through the development and implementation of business plans.
- Maintains trust-based and positive relationships with authorities, business partners, and shareholders.
- Oversees the company's financial performance, business operations, ventures, and investments.
- Delegates, guides, and supervises executives regarding their duties.
- Communicates company policies and legal guidelines clearly.
- Assesses, manages, and resolves problematic situations and developments.
- Builds and enhances the company's public profile at speaking engagements, events, and so on.
Managing Director Requirements
Here’s where you can break down the requirements of your position in further detail. Include informational requirements such as education, additional skills, and abilities.
Here’s an excellent example of requirements for a Managing Director:
- Business or Marketing degree, or one in a related field.
- Those with a Masters Degree receive a higher priority.
- Possesses technical experience and expertise relevant to the company's industry.
- Has an extensive background as a Managing Director or serving in a similar role.
- Proven track record regarding the development of successful multi-channel strategies for the industry's market.
- In-depth knowledge regarding the development and implementation of business and strategic plans.
- Can maintain a consistent presence at the business’s location and can drive to meet clients.
Using This Managing Director Job Description Template
In order to use your new managing director job description template, follow the instructions below.
- Step one: Copy and paste all sections into a new Word Document (Job Description Sample, Duties, Skills, and Requirements).
- Step two: Customize your requirements or duties to anything special to your environment. Be sure that you meet with either executive staff members or team members to qualify what requirements need to be met.
- Step three: When posting your job online, be sure to include an average salary range as this can help to prevent applicants who don't meet your criteria. Salary ranges are provided in each template.
- Step four: Before posting your job, be sure to check with your team and ensure all descriptions, duties, and requirements are accurate. This will save you from potential miscommunications during the interview process.
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