Managing Director Job Description Template

Job Brief

We are looking for an experienced Managing 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.

Responsibilities

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
Analyze problematic situations and occurrences and provide solutions to ensure company survival and growth

Requirements

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

What does Managing Director do?

A Managing Director is responsible for leading and overseeing the operations of a company. Their day-to-day activities can vary depending on the industry and the specific needs of the organization, but generally include:

Strategic planning: Developing long-term goals, setting company strategy, and creating plans for achieving them.
Leadership: Providing guidance, direction, and support to the executive team and employees, ensuring effective and efficient operations.
Financial management: Monitoring financial performance, analyzing budgets, making financial decisions, and ensuring financial goals are met.
Business development: Identifying new business opportunities, building relationships with clients, partners, and stakeholders, and exploring potential expansion.
Operational management: Overseeing day-to-day operations, ensuring smooth functioning of departments, and monitoring performance and productivity.
Human resources management: Participating in talent acquisition and retention efforts, providing leadership and support to the HR team, and overseeing employee relations.
Stakeholder management: Engaging with investors, board members, customers, and other stakeholders, maintaining strong relationships, and addressing their concerns.
External relations: Representing the company in external meetings, conferences, and events, and engaging with industry associations, government bodies, and media.
Risk management: Identifying business risks, developing mitigation plans, and ensuring compliance with legal, regulatory, and ethical requirements.
Decision-making: Making important decisions related to company strategy, investments, resource allocation, and organizational changes.

Overall, the role of a Managing Director involves a combination of strategic thinking, leadership, financial management, business development, and oversight of daily operations.

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