The position of executive director is increasingly found in companies that engage in various types of activities. When applying for this vacancy, you should know what duties and rights this employee has. The functions of the Executive Director are multifaceted and consist in organizing the activities of personnel, solving financial and commercial issues and various administrative and economic problems.
This is a leadership position. The Executive Director is appointed by the Director General and is also dismissed by him.
This is the second most important role in the company. During the absence of the Director General, management is assigned to the Executive Director. He has the right to sign and acts on behalf of the company.
The person in this position has an irregular working day. What are the functions of an executive director? His responsibilities are to implement and control the current activities of all departments, branches, which must comply with the general situation of the company. He is developing long-term plans for the development of the company and monitors their implementation.
His responsibilities also include ensuring the preservation of material assets, control over finances, maintaining records and providing data to the relevant authorities. He supervises the activities of employees, imposes penalties and encourages, if necessary.
The Executive Director prepares orders and instructions that relate to the work of staff. Monitors the performance of duties, monitors major transactions and reporting.
Work with staff is also the responsibility of the person holding this position. The executive director prepares vacancies, conducts selection of candidates, interviews. He supervises the work of the personnel department, namely the correct documentation, the preparation of employment contracts, time sheets and vacation schedules.
This position provides for a meeting of shareholders, control over the payment of dividends and other services. He oversees the drafting of contracts and agreements with customers. His responsibilities include the organization of seminars, promotional events and reporting on the results of their holding. He participates in negotiations with clients and prepares contracts for concluding with them.
Another side of his work is financial control. This tracking of timely payment of services and goods by contractors, the provision of invoices and certificates of work performed. He negotiates with clients, discusses the conditions for concluding contracts, works with receivables, sends claims and suits to the court.
The Executive Director works with audit companies, monitors financial flows, the financial situation of the company and its branches, makes proposals for improving financial activities and spending material resources.
The Executive Director has rights within his competence. He makes proposals, monitors and organizes the activities of the company and is responsible in accordance with regulatory enactments.