What does an associate vice president do?
An associate vice president's role is to implement the company's policies and regulations, all while overseeing the business operations within a particular area. Typically responding to a president or stakeholders, an associate vice president's responsibilities revolve around supervising management officials, devising strategies to boost sales and public brand awareness, liaise with external key suppliers and agencies, and craft new policies when necessary. Furthermore, an associate vice president must promptly respond to issues and concerns and develop a budget for the company.
Associate vice president responsibilities
Here are examples of responsibilities from real associate vice president resumes:
- Leverage in-depth cloud manage service skills, rapid cloud deployment capabilities and DevOps strengths to optimize technical delivery.
- Manage yearly close process and external audit, financial statement preparation and in-house payroll processing.
- Manage departmental internal and client SharePoint sites, leading to improve communication, document access and process information.
- Include forecasting sales, managing expense levels, project portfolio forecasting and oversight, and broker-dealer financial statement preparation.
- Develop strategy for outsourcing legacy merchandising system support to manage costs and position team for new ERP system implementation.
- Lead all activities including application development, technical infrastructure and vendor management for the deployment of distance education program.
- Stabilize cloud base software service through technical innovation, project management and redesign of product release process.
- Advise technology and business leaders when SLAs threaten.
- Devise a governance process for the SLAs with multiple global vendors.
- Develop marketing materials for wide range of target audiences, including legislators, Medicaid clients, mental health professionals.
- Ensure high availability through the continual improvement of processes and the development of standard operating processes base on ITIL principles.
- Direct statewide operations for push to expand Medicaid.
- Present in-depth knowledge of treasury and credit products to executive decision-makers.
- Coordinate implementation of deposit and treasury services for loan production office.
- Perform periodic GMP reviews of commercial/clinical equipment and systems and develop impact assessments when require.
Associate vice president skills and personality traits
We calculated that 7% of Associate Vice Presidents are proficient in Healthcare, Oversight, and Portfolio. They’re also known for soft skills such as Management skills, Problem-solving skills, and Time-management skills.
We break down the percentage of Associate Vice Presidents that have these skills listed on their resume here:
- Healthcare, 7%
Increased annual healthcare sales 10+ percent (year over year) to $42M for 2010-13 in tough market conditions.
- Oversight, 7%
Provide management oversight for Certified Geriatric Care Management program, Personal Care Home Health program, and diabetic educational program.
- Portfolio, 6%
Partnered with managers from marketing, origination and portfolio management disciplines to provide impact of strategies/policies on overall credit risk.
- AVP, 6%
Moved into a directorship role, managing all matters related to transfer students; promoted to AVP in 2009.
- Excellent Interpersonal, 5%
Developed and managed relationships with Campaign Managers and their agency leadership requiring excellent interpersonal skills.
- Project Management, 5%
Established formal procedures around project management methodology before creation of project management office.
"healthcare," "oversight," and "portfolio" are among the most common skills that associate vice presidents use at work. You can find even more associate vice president responsibilities below, including:
Problem-solving skills. Many associate vice president duties rely on problem-solving skills. "top executives need to identify and resolve issues within an organization," so an associate vice president will need this skill often in their role. This resume example is just one of many ways associate vice president responsibilities rely on problem-solving skills: "drive the bank's cash management sales and solutions for large corporate clients with annual turnover greater than usd 100 mn. "
Time-management skills. Another skill that relates to the job responsibilities of associate vice presidents is time-management skills. This skill is critical to many everyday associate vice president duties, as "top executives do many tasks concurrently to ensure that their work gets done and that the organization meets its goals." This example from a resume shows how this skill is used: "included where financial analysis, capital requirements, end state technical configurations and migration timeline. "
Leadership skills. associate vice president responsibilities often require "leadership skills." The duties that rely on this skill are shown by the fact that "top executives must be able to shape and direct an organization by coordinating policies, people, and resources." This resume example shows what associate vice presidents do with leadership skills on a typical day: "provided technical direction, education, training, and leadership to clients about cash management products. "
Communication skills. A commonly-found skill in associate vice president job descriptions, "communication skills" is essential to what associate vice presidents do. Associate vice president responsibilities rely on this skill because "top executives must be able to convey information clearly and persuasively." You can also see how associate vice president duties rely on communication skills in this resume example: "transformed two money-losing client accounts into profitable contracts through straightforward communications and negotiations with clients. "
The three companies that hire the most associate vice presidents are:
- Bank of America112 associate vice presidents jobs
- Deloitte58 associate vice presidents jobs
- JPMorgan Chase & Co.49 associate vice presidents jobs
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Compare different associate vice presidents
Associate vice president vs. 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.
While similarities exist, there are also some differences between associate vice presidents and senior director. For instance, associate vice president responsibilities require skills such as "avp," "securities," "financial analysis," and "professional development." Whereas a senior director is skilled in "analytics," "patients," "sr," and "cloud." This is part of what separates the two careers.
Senior directors tend to make the most money working in the pharmaceutical industry, where they earn an average salary of $180,537. In contrast, associate vice presidents make the biggest average salary, $140,546, in the retail industry.senior directors tend to reach similar levels of education than associate vice presidents. In fact, senior directors are 0.9% more likely to graduate with a Master's Degree and 0.4% less likely to have a Doctoral Degree.Associate vice president vs. Group director
A group director is responsible for monitoring the operations of a specific team in an organization, ensuring that the group meets daily targets, providing the highest customer satisfaction for the company's services. Group directors work with senior management to identify business opportunities that would bring more revenues and increase the company's profitability. They also handle the department's budgets, allocating adequate resources for every team to support project deliverables. A group director must have excellent communication and leadership skills, analyzing business functions, and developing strategic ways to increase productivity.
In addition to the difference in salary, there are some other key differences worth noting. For example, associate vice president responsibilities are more likely to require skills like "portfolio," "avp," "excellent interpersonal," and "risk management." Meanwhile, a group director has duties that require skills in areas such as "digital marketing," "strategic development," "integrated marketing," and "account management." These differences highlight just how different the day-to-day in each role looks.
On average, group directors earn a higher salary than associate vice presidents. Some industries support higher salaries in each profession. Interestingly enough, group directors earn the most pay in the finance industry with an average salary of $169,482. Whereas associate vice presidents have higher pay in the retail industry, with an average salary of $140,546.In general, group directors achieve similar levels of education than associate vice presidents. They're 0.5% less likely to obtain a Master's Degree while being 0.4% less likely to earn a Doctoral Degree.Associate vice president vs. Managing director
A Managing Director oversees workflow and progress, making sure that all operations align within the company or organization's mission or set of goals. They are responsible for crafting strategies, devising effective business plans, and executing guidelines that would nurture a company's growth, and as well as to be the driving force that would direct employees to the company's objectives. Furthermore, a Managing Director must coordinate with those in a higher position, such as the members of the board.
The required skills of the two careers differ considerably. For example, associate vice presidents are more likely to have skills like "avp," "securities," "professional development," and "treasury." But a managing director is more likely to have skills like "financial services," "account management," "asset management," and "business strategy."
Managing directors make a very good living in the finance industry with an average annual salary of $177,065. On the other hand, associate vice presidents are paid the highest salary in the retail industry, with average annual pay of $140,546.managing directors typically earn similar educational levels compared to associate vice presidents. Specifically, they're 1.2% more likely to graduate with a Master's Degree, and 1.3% more likely to earn a Doctoral Degree.Associate vice president vs. President & chief operating officer
A president/chief operating officer is responsible for monitoring the overall daily business operations and implementing corporate decisions for the company and its people's best interests. Presidents/chief operating officers regularly meet with the key executives and business partners to share corporate updates and strategize techniques to improve functions and increase the brand's image in the market. They review financial performance and reports, conduct data and statistical analysis, and lead initiatives that would increase the company's productivity and efficiency.
Updated January 8, 2025
