Job Description, Job Roles and Responsibility of a Director
Director Job Description: Top Duties and Qualifications
A Director, or Managing Director, manages and oversees a small group of subordinate managers. Their duties include strategic planning, ensuring the company meets goals and managing profit and loss.
Director duties and responsibilities
A successful Director uses independent judgement and looks at the larger picture to manage company-wide initiatives that help achieve long-term goals. Common duties and responsibilities for a director include:
· Supervising, mentoring and managing a small group of managers
· Maintaining relationships with clients, partners and other stakeholders
· Managing the profits and losses of the organisation or a specific division
· Developing goals and initiatives to direct the company’s course
· Guiding managers on implementing company initiatives and policies
· Evaluating company processes and procedures to solve issues within them
· Ensuring business operations are implemented based on established procedures
· Maintaining regulatory records and paperwork
What does a director do?
Directors serve in senior management roles at or near the top of the organisational structure. They manage and lead other managers just below them, serving as a mentor and ensuring their managers implement company policies, procedures and initiatives correctly. Directors work with managers to evaluate business operations and identify issues that might hurt the company. They often deal with budgets to ensure the organisation or department meets financial goals.
The role is usually more hands-off since the Director doesn’t work with the majority of employees. The managers under the supervision of the Director should be more competent in their duties and not need as much hands-on support. This frees up the Director to work on bigger-picture concerns that improve the organisation’s operation.
Director skills and qualifications
A successful Director will have various prerequisite skills and qualifications needed for this position, including:
· Exceptional leadership skills to effectively lead managers
· Strong understanding of industry standards, business operations and regulatory requirements
· Excellent written and oral communication skills
· Planning and organisation skills to facilitate goal-setting
· Innovative mindset to create new, effective solutions
· Analytical skills to interpret data
· Mathematical and financial skills for budgeting responsibilities
Director experience requirements
A Director should have at least seven to 10 years of experience, including at least five years in a management role. Many Directors move up through the management ranks to reach the senior leadership position. In some organisations, there are also associate or assistant Directors who fit in between the Director and managers. This can be a stepping stone to the Director position.
Director education and training requirements
A Director usually has a minimum of a bachelor’s degree in Business Administration or a similar field. Some employers look for candidates with a Master of Business Administration (MBA). Directors of a specific department might have a degree in a related field. For example, a Director of Finance might have a finance degree. Most candidates entering a director position shouldn’t need a lot of training other than learning about specific business practices for the organisation.
Director salary expectations
The average salary for a director is $80,485 plus $20,000 in annual cash bonuses and $13,535 in annual profit sharing. Salaries may vary based on the candidate’s experience, education and location.
Director responsibilities include:
Developing and executing the company’s business strategies
Providing strategic advice to the board and chairperson
Preparing and implementing comprehensive business plans to facilitate achievement
We are looking for an experienced Director to control and oversee all business operations, people and ventures. You will be the highest-ranking manager in the organisation and will be responsible for the overall success of the business.
The ideal candidate will be a strategist and a leader able to steer the company to the most profitable direction while also implementing its vision, mission and long-term goals. Very strong crisis management skills will also be essential since the managing director is the one expected to “save” the company in times of need.
The goal is to ensure the company is constantly moving towards fulfilling its short-term and long-term objectives and does not diverge from its strategic guidelines.
Develop and execute the company’s business strategies in order to attain the goals of the board and shareholders
Provide strategic advice to the board and Chairperson so that they will have accurate view of the market and the company’s future
Prepare and implement comprehensive business plans to facilitate achievement by planning cost-effective operations and market development activities
Ensure company policies and legal guidelines are communicated all the way from the top down in the company and that they are followed at all times
Communicate and maintain trust relationships with shareholders, business partners and authorities
Oversee the company’s financial performance, investments and other business ventures
Delegate responsibilities and supervise the work of executives providing guidance and motivation to drive maximum performance
Read all submitted reports by lower rank managers to reward performance, prevent issues and resolve problems
Act as the public speaker and public relations representative of the company in ways that strengthen its profile
Analyse problematic situations and occurrences and provide solutions to ensure company survival and growth
Requirements and skills
Proven experience as Managing Director or other managerial position
Demonstrable experience in developing strategic and business plans
Thorough knowledge of market changes and forces that influence the company
Strong understanding of corporate finance and measures of performance
Familiarity with corporate law and management best practices
Excellent organisational and leadership skills
Excellent communication, interpersonal and presentation skills
Outstanding analytical and problem-solving abilities
BSc/BA in business administration or relevant field; MSc/MA will be preferred
@Rumana Maner [MBA]
AirCrews Aviation Pvt Ltd