The Managing Director is one of the key members of a company's management team. They are responsible for the overall day-to-day company operations.
Overseeing the day-to-day operations of the business
Preparing business plans, budgets, and reporting
Providing strategic advice to the Board
Controlling company resources
Ensure the business is as efficient as possible
Being the face of the business, representing the business in negotiations with clients and suppliers
Developing and maintaining relationships with new and existing clients
Ensuring that the business is at the forefront of the industry
Developing and implementing policies and procedures
Expected Skills & Qualificiations
Excellent leadership skills and extensive management experience
Sound decision-making abilities
A logical and strategic thinker
The ability to influence and motivate
Excellent communication skills
Strong problem-solving skills
Good organisational skills
Experience in financial management
Good commercial awareness
Strong industry knowledge
The average UK annual salary for a Managing Director is £70,000. This can rise to over £100,000 in London. Managing Directors in the north of England can expect approx. £65,000 per year. Salaries for this role are often reflective of the size and success of the business. Annual bonuses are common for Managing Directors, alongside other benefits. (Reed, March 2022)
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