What does a chief operating officer do?

A division director is an individual who is responsible for managing team members and business operations that are assigned in his/her or her division to achieve the goals of a company. Division directors are required to evaluate division performance and ensure that the team's work complies with the company policies and procedures. They must lead new business development efforts with customers or brokers and should work closely with legal to ensure the protection of the company's interest. Division directors also assist in employee recruitment and provide training to the team if there are skill gaps.

While similarities exist, there are also some differences between chief operating officers and division director. For instance, chief operating officer responsibilities require skills such as "business strategies," "risk management," "payroll," and "business operations." Whereas a division director is skilled in "client relationships," "patients," "project management," and "customer satisfaction." This is part of what separates the two careers.

Vice presidents are usually considered the second-in-command in the organization, depending on the organization structure. They take over when the president is unavailable to fulfill duties. They may also represent the organization in external events and other official functions. They are important members of the boardroom, and their opinions are usually sought after as well. Vice presidents are usually poised to follow the president's footsteps in the organization, especially if the president is nearing retirement. They also make urgent and crucial decisions when the president is not available to do so. Vice presidents must have strong business acumen, decision-making skills, and professionalism.

In addition to the difference in salary, there are some other key differences worth noting. For example, chief operating officer responsibilities are more likely to require skills like "financial management," "business strategies," "logistics," and "business operations." Meanwhile, a vice president has duties that require skills in areas such as "project management," "client relationships," "loan portfolio," and "financial analysis." These differences highlight just how different the day-to-day in each role looks.

Division Vice Presidents are company executives that oversee a particular department or division. They are often employed in companies with a varied product line or wide geographical reach, thus needing divisions to streamline processes. Division Vice Presidents should have a solid background in the particular division that they are handling. They ensure that their division's performance is at par or would even exceed company targets and expectations.

There are many key differences between these two careers, including some of the skills required to perform responsibilities within each role. For example, a chief operating officer is likely to be skilled in "customer service," "financial management," "business strategies," and "logistics," while a typical division vice president is skilled in "shared services," "rehabilitation," "project management," and "sales strategies."

A Senior Vice President's responsibilities vary according to the company or organization. Still, it mostly revolves around overseeing and leading a particular department's activities and operations, reporting to the president and the board, evaluating the progress and performances of teams and employees, and maintaining constant communication with staff and management. Furthermore, A Senior Vice President is also involved in forming strategies that would benefit the sales of the company, seek innovative options, review documents, and ensure that the operations are up to the standards of the company's policies and regulations.