What does a Group Vice President do?
A group vice president is primarily in charge of implementing an organization or group's policies and regulations, including its vision and mission. Most of the time, they directly report progress to the president and assist in carrying out new programs and protocols that optimize the overall business procedures. Their responsibilities also include researching new business opportunities, developing solutions on organizational issues, setting goals and objectives, overseeing the performance of the workforce, and monitoring the workflow to ensure efficiency and growth.
Group vice president responsibilities
Here are examples of responsibilities from real group vice president resumes:
- Lead managements of emerging healthcare companies to raise capital through initial public offerings and other financial alternatives.
- Lead asset management function including budget development and analysis of and strategic planning for economic performance of real estate asset portfolio.
- Perform asset management duties that cover project development and property management oversight.
- Supervise, coordinate and provide oversight for budgeting and financial planning activities during site development.
- Deliver strategic market planning and tactical implementation of programs to educate healthcare professionals and to further free exchange of scientific information.
- Manage all aspects of portfolio management including: strategy development, capital and expense forecasting, process development and performance measurement.
- Pursue approval to implement a pan-regional inventory management / logistics system and roll the Indian region into the Asia-Pacific structure.
- Produce a third party logistics system to overcome inadequate customer service.
- Establish strategic priorities/tactical sales KPI's and develop programs to drive flawless execution.
- Develop a national strategy for execution including an educational and account call platform encompassing accountability and KPI metrics for reporting.
- Conduct and complete internal reviews of domestic mutual funds and institutional operations, including compliance with Sarbanes-Oxley and anti-money laundering requirements.
Group vice president skills and personality traits
We calculated that 8% of Group Vice Presidents are proficient in Financial Services, Healthcare, and Project Management. They’re also known for soft skills such as Detail oriented, Math skills, and Analytical skills.
We break down the percentage of Group Vice Presidents that have these skills listed on their resume here:
- Financial Services, 8%
Analyzed bills and regulations to determine potential impact on corporation and financial services industry.
- Healthcare, 7%
Delivered strategic market planning and tactical implementation of programs to educate healthcare professionals and to further free exchange of scientific information.
- Project Management, 6%
Managed the out-sourced services and directed site staff in facility operations, project management and lease administration functions.
- Due Diligence, 5%
Performed due diligence on prospective venture investments, negotiated pricing and investment structure, presented recommendations to Board and oversaw investments.
- Oversight, 5%
Supervised, coordinated and provided oversight for budgeting and financial planning activities during site development.
- Direct Reports, 5%
Coordinated responsibilities, and evaluated the performance of six direct reports with responsibility over other administrative areas, i.e.
"financial services," "healthcare," and "project management" are among the most common skills that group vice presidents use at work. You can find even more group vice president responsibilities below, including:
Detail oriented. To carry out their duties, the most important skill for a group vice president to have is detail oriented. Their role and responsibilities require that "in preparing and analyzing reports, such as balance sheets and income statements, financial managers must be precise and attentive to their work in order to avoid errors." Group vice presidents often use detail oriented in their day-to-day job, as shown by this real resume: "established internal controls for treasury group including detailed process/procedure memos. "
Math skills. Many group vice president duties rely on math skills. "financial managers need strong skills in certain branches of mathematics, including algebra," so a group vice president will need this skill often in their role. This resume example is just one of many ways group vice president responsibilities rely on math skills: "provide quantitative and qualitative analytical support for front-end, back-end, and recovery business segments that form the citi holdings organization. "
Analytical skills. Another skill that relates to the job responsibilities of group vice presidents is analytical skills. This skill is critical to many everyday group vice president duties, as "to assist executives in making decisions, financial managers need to evaluate data and information that affects their organization." This example from a resume shows how this skill is used: "implemented/converted 6 group companies to syteline 8 erp system improving reporting, product cost data and margin analysis. "
Organizational skills. A big part of what group vice presidents do relies on "organizational skills." You can see how essential it is to group vice president responsibilities because "because financial managers deal with a range of information and documents, they must have structures in place to be effective in their work." Here's an example of how this skill is used from a resume that represents typical group vice president tasks: "served as lead human resources executive to support creation of new organizational structure for north american business. "
Communication skills. Another common skill required for group vice president responsibilities is "communication skills." This skill comes up in the duties of group vice presidents all the time, as "financial managers must be able to explain and justify complex financial transactions." An excerpt from a real group vice president resume shows how this skill is central to what a group vice president does: "managed the entire due diligence process for clients and communication with counterparties. "
The three companies that hire the most group vice presidents are:
- Oracle39 group vice presidents jobs
- Goldman Sachs19 group vice presidents jobs
- JPMorgan Chase & Co.16 group vice presidents jobs
Choose from 10+ customizable group vice president resume templates
Build a professional group vice president resume in minutes. Our AI resume writing assistant will guide you through every step of the process, and you can choose from 10+ resume templates to create your group vice president resume.
Compare different group vice presidents
Group 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.
There are some key differences in the responsibilities of each position. For example, group vice president responsibilities require skills like "securities," "shared services," "crm," and "loan portfolio." Meanwhile a typical managing director has skills in areas such as "portfolio," "customer service," "account management," and "performance management." This difference in skills reveals the differences in what each career does.
Managing directors really shine in the finance industry with an average salary of $177,065. Comparatively, group vice presidents tend to make the most money in the finance industry with an average salary of $157,559.On average, managing directors reach similar levels of education than group vice presidents. Managing directors are 2.3% more likely to earn a Master's Degree and 0.9% more likely to graduate with a Doctoral Degree.Group vice president vs. 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.
Each career also uses different skills, according to real group vice president resumes. While group vice president responsibilities can utilize skills like "financial services," "project management," "asset management," and "client relationships," chief operating officers use skills like "customer service," "financial management," "business strategies," and "regulatory compliance."
Chief operating officers earn a lower average salary than group vice presidents. But chief operating officers earn the highest pay in the manufacturing industry, with an average salary of $150,784. Additionally, group vice presidents earn the highest salaries in the finance with average pay of $157,559 annually.In general, chief operating officers achieve similar levels of education than group vice presidents. They're 2.0% more likely to obtain a Master's Degree while being 0.9% more likely to earn a Doctoral Degree.Group vice president vs. Division director
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.
The required skills of the two careers differ considerably. For example, group vice presidents are more likely to have skills like "financial services," "due diligence," "asset management," and "risk management." But a division director is more likely to have skills like "customer service," "patients," "customer satisfaction," and "social work."
Division directors earn the highest salary when working in the finance industry, where they receive an average salary of $161,467. Comparatively, group vice presidents have the highest earning potential in the finance industry, with an average salary of $157,559.When it comes to education, division directors tend to earn similar degree levels compared to group vice presidents. In fact, they're 1.2% more likely to earn a Master's Degree, and 1.1% more likely to graduate with a Doctoral Degree.Group 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.
Types of group vice president
Updated January 8, 2025
