An assistant vice president is responsible for supporting the company's strategies and procedures for growth and development, working alongside the board executives. Assistant vice presidents should ensure that all the company's policies and legal procedures comply with all employees. They also supervise every operations department's head to ensure the smooth flow of business processes, providing additional assistance and resources as needed. Assistant vice presidents also monitor the company's expenses and sales goals to improve the business' performance and profitability.

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Assistant Vice President Responsibilities

Here are examples of responsibilities from real assistant vice president resumes representing typical tasks they are likely to perform in their roles.

  • Implement budget report which allow unit to achieve expense objective of $25MM/397 FTE target.
  • Manage and update controls and procedures as needed to maintain SOX compliance and manage quarterly testing for the department.
  • Manage the BSA portion of all regulatory examinations with outside auditors and regulators.
  • Manage daily ACH transfers and wire transactions including verifying all investor distributions are process.
  • Manage Citi's capital planning and funding process and develop recommendations for capital utilization.
  • Prepare presentations, contracts, manage logistics, provide quality control and safety requirements.
  • Perform comprehensive regulatory compliance reviews of investments under management to ensure adherence to written policies and procedures and securities laws.
  • Manage the daily business operations, including oversight of all departments relate directly to credit information product fulfillment and customer service.
  • Select by senior management as SME to represent all specialty risk underwriting in the OCC consent order request.
  • Maintain AVP calendar; prepare AVP expense reports; verify accuracy of RSD/Staff expense reports for AVP to approve.
  • Conduct internal action plan audit validation reviews as pertains to OCC, HUD, and all investor consent orders.
  • Programme using SQL code to creatively solve problems and come up with the most effective, efficient design for the client.
  • Leverage strategic and innovative business process change approach to transform sourcing process.
  • Produce Facebook pages for area companies, increasing visibility and generating additional sales.
  • Provide services and coordinate professional, corporate and private meetings/event logistics for clients.

Assistant Vice President Job Description

When it comes to understanding what an assistant vice president does, you may be wondering, "should I become an assistant vice president?" The data included in this section may help you decide. Compared to other jobs, assistant vice presidents have a growth rate described as "as fast as average" at 6% between the years 2018 - 2028, according to the Bureau of Labor Statistics. In fact, the number of assistant vice president opportunities that are predicted to open up by 2028 is 150,600.

On average, the assistant vice president annual salary is $125,190 per year, which translates to $60.19 an hour. Generally speaking, assistant vice presidents earn anywhere from $96,000 to $163,000 a year, which means that the top-earning assistant vice presidents make $81,000 more than the ones at the lower end of the spectrum.

Once you've become an assistant vice president, you may be curious about what other opportunities are out there. Careers aren't one size fits all. For that reason, we discovered some other jobs that you may find appealing. Some jobs you might find interesting include a business director, senior director, president/chief executive officer, and chief operating officer.

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12 Assistant Vice President Resume Examples

Assistant Vice President Skills and Personality Traits

We calculated that 9% of Assistant Vice Presidents are proficient in AVP, Risk Management, and Project Management. They’re also known for soft skills such as Leadership skills, Management skills, and Problem-solving skills.

We break down the percentage of Assistant Vice Presidents that have these skills listed on their resume here:

  • AVP, 9%

    Awarded a meritorious promotion from Litigation Specialist II to AVP Mortgage Resolution Associate due to exceeding expectations on litigated case handling

  • Risk Management, 6%

    Developed and implemented a Microsoft Access based executive compensation planning and management application for the banks Finance and Risk Management department.

  • Project Management, 5%

    Worked within established SDLC project management methodology to manage relationship between appropriate Infrastructure IT teams, development and senior business lines.

  • Oversight, 5%

    Manage the daily business operations, including oversight of all departments related directly to credit information product fulfillment and customer service.

  • Rehabilitation, 5%

    Established national blanket contracts with Columbia Health Care, Advocate Systems, Integrated Rehabilitation & other local rehabilitation companies.

  • PowerPoint, 4%

    Conducted weekly client seminars utilizing PowerPoint presentations to educate high net worth individuals and business owners on investment strategies.

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"avp," "risk management," and "project management" aren't the only skills we found assistant vice presidents list on their resumes. In fact, there's a whole list of assistant vice president responsibilities that we found, including:

  • Leadership skills can be considered to be the most important personality trait for an assistant vice president to have. According to a assistant vice president resume, "top executives must be able to lead an organization successfully by coordinating policies, people, and resources." Assistant vice presidents are able to use leadership skills in the following example we gathered from a resume: "introduced the leadership development circle that used both educational and experiential training methods to build hr strategic capacity. "
  • While it may not be the most important skill, we found that many assistant vice president duties rely on management skills. This example from a assistant vice president explains why: "top executives must shape and direct the operations of an organization." This resume example is just one of many ways assistant vice presidents are able to utilize management skills: "based on java, spring technology, paymentnet4 replaces the legacy card management applications and provides better user experience. "
  • Assistant vice presidents are also known for problem-solving skills, which can be critical when it comes to performing their duties. An example of why this skill is important is shown by this snippet that we found in a assistant vice president resume: "top executives need to identify and resolve issues within an organization" We also found this resume example that details how this skill is put to the test: "worked with business leaders and hr business partners to provide learning/od solutions for business units across the metlife enterprise. "
  • An assistant vice president responsibilities sometimes require "time-management skills." The responsibilities that rely on this skills are shown by this resume excerpt: "top executives do many tasks at the same time, typically under their own direction, to ensure that their work gets done and that they meet their goals." This resume example shows how this skill is used by assistant vice presidents: "managed department during absence of avp ensuring projects remained on time and up to date. "
  • Yet another important skill that an assistant vice president must demonstrate is "communication skills." Top executives must be able to communicate clearly and persuasively This is clearly demonstrated in this example from an assistant vice president who stated: "developed both the java servlet program and the mainframe cobol/cics transaction, and configured the cross-platform communication channel. "
  • See the full list of assistant vice president skills.

    Before becoming an assistant vice president, 71.9% earned their bachelor's degree. When it comes down to graduating with a master's degree, 16.2% assistant vice presidents went for the extra education. If you're wanting to pursue this career, it may be impossible to be successful with a high school degree. In fact, most assistant vice presidents have a college degree. But about one out of every nine assistant vice presidents didn't attend college at all.

    Those assistant vice presidents who do attend college, typically earn either a business degree or a finance degree. Less commonly earned degrees for assistant vice presidents include a accounting degree or a economics degree.

    When you're ready to become an assistant vice president, you might wonder which companies hire assistant vice presidents. According to our research through assistant vice president resumes, assistant vice presidents are mostly hired by Citi, Synchrony Financial, and The Independent Traveler. Now is a good time to apply as Citi has 718 assistant vice presidents job openings, and there are 552 at Synchrony Financial and 542 at The Independent Traveler.

    But if you're interested in companies where you might earn a high salary, assistant vice presidents tend to earn the biggest salaries at MetLife, Nationwide, and USAA. Take MetLife for example. The median assistant vice president salary is $156,949. At Nationwide, assistant vice presidents earn an average of $155,323, while the average at USAA is $153,110. You should take into consideration how difficult it might be to secure a job with one of these companies.

    View more details on assistant vice president salaries across the United States.

    The three companies that hire the most prestigious assistant vice presidents are:

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    What Business Directors Do

    Business directors are responsible for overseeing the development of an organization's business goals and objectives. They typically work to increase business revenue, identify and develop business opportunities, and expand the company's presence and its brands. Other duties and responsibilities may include establishing effective company policies, goals, and sales targets, overseeing financial and budgetary activities, and identifying ways to minimize cost and boost financial performance. Business directors are also expected to negotiate contracts with clients and suppliers and propose and develop new partnerships.

    In this section, we take a look at the annual salaries of other professions. Take business director for example. On average, the business directors annual salary is $627 lower than what assistant vice presidents make on average every year.

    While their salaries may differ, one common ground between assistant vice presidents and business directors are a few of the skills required in each craft. In both careers, employees bring forth skills like risk management, project management, and oversight.

    There are some key differences in responsibilities as well. For example, an assistant vice president responsibilities require skills like "avp," "rehabilitation," "powerpoint," and "sql." Meanwhile a typical business director has skills in areas such as "healthcare," "sigma," "patients," and "business strategy." This difference in skills reveals how truly different these two careers really are.

    Business directors receive the highest salaries in the finance industry coming in with an average yearly salary of $129,623. But assistant vice presidents are paid more in the finance industry with an average salary of $105,833.

    On average, business directors reach similar levels of education than assistant vice presidents. Business directors are 2.3% more likely to earn a Master's Degree and 1.8% more likely to graduate with a Doctoral Degree.

    What Are The Duties Of a Senior Director?

    Senior directors are the top management who manage the overall corporate structure of a brand. These executives take responsibility for the planning, operations, and profitability of the company. They direct and control all the functions of businesses. Their jobs cover the advertising, marketing, sales, and promotions of products and services. They are the people behind the tactical and strategic management of every asset of the enterprise through different programs.

    The next role we're going to look at is the senior director profession. Typically, this position earns a higher pay. In fact, they earn a $26,857 higher salary than assistant vice presidents per year.

    A similarity between the two careers of assistant vice presidents and senior directors are a few of the skills associated with both roles. We used resumes from both professions to find that both use skills like "risk management," "project management," and "oversight. "

    But both careers also use different skills, according to real assistant vice president resumes. While assistant vice president responsibilities can utilize skills like "avp," "powerpoint," "sql," and "financial statements," some senior directors use skills like "healthcare," "analytics," "patients," and "portfolio."

    It's been discovered that senior directors earn higher salaries compared to assistant vice presidents, but we wanted to find out where senior directors earned the most pay. The answer? The pharmaceutical industry. The average salary in the industry is $180,537. Additionally, assistant vice presidents earn the highest paychecks in the finance with an average salary of $105,833.

    In general, senior directors study at similar levels of education than assistant vice presidents. They're 4.7% more likely to obtain a Master's Degree while being 1.8% more likely to earn a Doctoral Degree.

    How a President/Chief Executive Officer Compares

    Considered as the highest authority in a company, a president/chief executive officer is in charge of leading the company by implementing corporate decisions and shaping the organization to its fullest extent. They must craft strategic plans and guidelines, enforce policies and standards, direct the vision and mission, and address the public as the head of the company. Furthermore, a president/chief executive officer must maintain an active line of communication at all times as they must report to a board of directors and coordinate with other company employees.

    The president/chief executive officer profession generally makes a higher amount of money when compared to the average salary of assistant vice presidents. The difference in salaries is president/chief executive officers making $115,542 higher than assistant vice presidents.

    While looking through the resumes of several assistant vice presidents and president/chief executive officers we discovered that both professions have similar skills. These similarities include skills such as "risk management," "oversight," and "financial statements," but they differ when it comes to other required skills.

    As mentioned, these two careers differ between other skills that are required for performing the work exceedingly well. For example, gathering from assistant vice presidents resumes, they are more likely to have skills like "avp," "project management," "rehabilitation," and "powerpoint." But a president/chief executive officer might have skills like "financial management," "revenue growth," "r," and "product development."

    Interestingly enough, president/chief executive officers earn the most pay in the finance industry, where they command an average salary of $179,795. As mentioned previously, assistant vice presidents highest annual salary comes from the finance industry with an average salary of $105,833.

    President/chief executive officers are known to earn similar educational levels when compared to assistant vice presidents. Additionally, they're 2.2% more likely to graduate with a Master's Degree, and 1.8% more likely to earn a Doctoral Degree.

    Description Of a Chief Operating Officer

    A chief operating officer, also known as a COO, is a high-ranking official who oversees a company or organization's daily administrative and overall operations. They are typically the second in the chain of command, reporting directly to the company's chief executive officer, also known as a CEO. Among their duties include developing strategies and guidelines, reviewing reports, performing assessments, and implementing the company's policies, standards, and regulations. Additionally, they lead and empower staff to reach goals, helping solve issues and concerns when any arise.

    Now, we'll look at chief operating officers, who generally average a higher pay when compared to assistant vice presidents annual salary. In fact, the difference is about $11,414 per year.

    While their salaries may vary, assistant vice presidents and chief operating officers both use similar skills to perform their jobs. Resumes from both professions include skills like "risk management," "oversight," and "financial statements. "

    Each job requires different skills like "avp," "project management," "rehabilitation," and "powerpoint," which might show up on an assistant vice president resume. Whereas chief operating officer might include skills like "healthcare," "financial management," "business strategies," and "human resources."

    In general, chief operating officers make a higher salary in the manufacturing industry with an average of $150,784. The highest assistant vice president annual salary stems from the finance industry.

    In general, chief operating officers reach similar levels of education when compared to assistant vice presidents resumes. Chief operating officers are 4.7% more likely to earn their Master's Degree and 1.0% more likely to graduate with a Doctoral Degree.

    What an Assistant Vice President Does FAQs

    How Much Does The Vice President's Assistant Make?

    The average salary for the vice president's assistant, typically a person in an executive assistant role, is around $65,000 per year. This can range from $40,000 up to $100,000 in a year.

    Is Avp Higher Than Director?

    Yes, the assistant vice president (AVP) is a higher position than a director. Typically a director heads a department while an assistant vice president leads multiple departments.

    The director role typically leads their department managers who have teams under them. On the other hand, an assistant vice president is one step up the career ladder. They are near the top leadership of an organization and oversee multiple departments within the company.

    What Is After Assistant Vice President?

    An assistant vice president will typically move into a vice president role. In terms of compensation and responsibility, the next rung upward on the corporate ladder for an assistant vice president is a vice president role.

    What Is An Avp In Banking?

    An AVP in banking communicates with senior leadership, interprets their requests, and then works with associates and analysts to implement those requests and check their work.

    Banking assistant vice presidents typically take on a project management role, which is typically not as high level as it is in other industries.

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