Managing Director Job Description

A female managing director speaking with three other staff

A Managing Director is crucial for the strategic direction and success of an organization.

This executive role requires a visionary mindset, financial acumen, leadership skills and the ability to make high-level decisions.

By: Jericka Orellano

November 23, 2023

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Managing Director Job Overview

[Company Name] is currently seeking a visionary Managing Director to lead and optimize our financial, commercial and overall operations, ensuring optimal performance and strategic coordination.

You will be responsible for developing and implementing strategies and policies to meet annual targets, including vision, mission and recruitment.

Candidates should have a track record of at least [Number] years in executive leadership roles, preferably within the [Industry] sector. We’re looking for someone with top-tier financial literacy, leadership prowess and communication skills.

Salary: $240,000–$300,000/year

Schedule: Full-time, Monday–Friday

Managing Director Duties & Responsibilities

Oversee day-to-day financial, commercial and operational aspects of business operations
Ensure effective management of internal operations, addressing all functional areas
Develop and implement strategic policies aligned with organizational goals
Monitor the performance of the organization and prepare regular reports
Lead and manage sales, hiring operations and systems integration
Manage a senior management team, providing direction and support
Formulate a clear commercial vision, strategy and recruitment process
Direct the organization to achieve goals set by the Board of Directors
Lead daily operations of sales and hire activities, delegating tasks as needed
Ensure innovative and efficient sales processes, incorporating client feedback for improvement
Guarantee timely and on-budget project delivery according to specifications
Act as a role model, leading and mentoring teams to achieve operational targets and promote inclusivity
Research and implement new strategies to enhance efficiency and control costs
Collaborate with various teams to develop and execute a comprehensive business strategy
Continuously manage customer relationship management (CRM) and stock management systems, maintaining an overview of inventory
Engage in negotiations with suppliers, manufacturers, resellers and clients as needed
Conduct regular performance reviews, providing feedback and coaching for continuous improvement
Take responsibility for health and safety measures and comply with company policies and procedures
Undertake additional duties as required within the scope of the role, recognizing the dynamic nature of job responsibilities

Managing Director Experience Requirements & Skills

Proven experience of at least [Number] years as a Managing Director or in a similar executive leadership role
Minimum of [Number] years of related work experience
Strong financial literacy and experience in budget management
Track record of driving business development and achieving growth targets
Excellent stakeholder management and communication skills
Experience in recruitment and talent retention
Knowledge of legal and regulatory requirements
Crisis management expertise and effective problem-solving skills, showing proficiency in risk assessment and management

Managing Director Education & Qualifications

Bachelor’s degree in Business Administration, Management or a related course (Master’s degree is preferred)
Certifications or training in project management, marketing or business is an advantage