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Managing member skills for your resume and career

Updated January 8, 2025

6 min read

Below we've compiled a list of the most critical managing member skills. We ranked the top skills for managing members based on the percentage of resumes they appeared on. For example, 13.6% of managing member resumes contained financial statements as a skill. Continue reading to find out what skills a managing member needs to be successful in the workplace.

15 managing member skills for your resume and career

1. Financial Statements

A financial statement is a report of an individual or a company that includes all the information about the declared assets, the use of money, income, and also the contribution of shareholders over a certain period.

Here's how managing members use financial statements:

Produced quarterly and annual financial statements for a small business resulting in improved visibility into the operation's financial health.
Analyzed personal financial statements of investors for hard money lenders.

2. Real Estate

Real estate is land that has buildings on it. This kind of property consists of permanent improvements either natural or man-made, which include, houses, fences, bridges, water trees, and minerals. There are 4 types of real estate namely; residential real estate, commercial real estate, industrial real estate, and vacant land.

Here's how managing members use real estate:

Realized several hundred thousand dollars in payroll and real estate rebates by negotiating state tax incentives through Kentucky Economic Development Partnership.
Coordinated facilities expansion including space planning, resource provisioning, real estate negotiations, and interactions with local officials.

3. Payroll

Payroll is the sum of all the compensation that an organization has to pay to employees at a specified time. Payroll is managed by the finance or HR department while small business owners may handle it themselves. Payroll isn't fixed as it varies every month due to sick leaves, overtime, etc.

Here's how managing members use payroll:

Approved payroll and invoices, coordinated employee benefits, maintained insurance coverage and verified permitting requirements.
Facilitated recruiting of prospective driver teams and performed payroll services for carriers.

4. Business Development

Business development is the ideas or initiatives that work to make business work better. Selling, advertising, product development, supply chain management, and vendor management are only a few of the divisions involved with it. There is still a lot of networking, negotiating, forming alliances, and trying to save money. The goals set for business development guide and coordinate with all of these various operations and sectors.

Here's how managing members use business development:

Secured new business development and project extensions, including client lead maturation, proposal development, and closing new business opportunities.
Worked with the Business Development team to provide project estimates, participated in preliminary analysis activities, and developed work plans.

5. Product Development

Product development is the complete procedure of creating a product from concept until release of the final product. Product development has many stages after which a product is released into the market. Identifying the need, creating the opportunity, conceptualizing a product, and providing a solution, all are different stages of product development.

Here's how managing members use product development:

Coordinate with Marketing and Product Development Departments to continuously improve offering.
Led product development initiatives including listed and unlisted vehicles resulting in the launch of an actively managed ETF (HYLD).

6. R

R is a free software environment and a language used by programmers for statistical computing. The R programming language is famously used for data analysis by data scientists.

Here's how managing members use r:

Price changes on the AS 400 and the Kin R computer systems.
Utilized R software to statistically analyze macro-economic data, assets, and portfolios.

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7. LLC

An LLC, or limited liability company, is a form of business structure run by the company's members. Any profits the LLC makes is divided between the members depending on the percentage of ownership each member has, which is then taxed. An LLC blends the limited liability feature of a corporation with the taxation requirements of a partnership.

Here's how managing members use llc:

Represented agricultural farm equipment manufacturer in restructuring of multiple LLC entities to consolidate share holdings into one parent company.
Founded subsidiary SkySite, LLC providing communications site portfolio management and services.

8. Windows

Windows is a chain of operating systems that controls a computer and is developed by Microsoft. Every version of Windows consists of GUI (graphical user interface), with a desktop that allows the user to open their files.

Here's how managing members use windows:

Manage concurrent projects located across multiple time zones during daytime and off-hours maintenance windows.
Provided support, and systems administration for Windows 2000/XP Pro/Vista Desktop environments respectively.

9. Business Plan

Here's how managing members use business plan:

Developed and executed business plan strategies, coordinated marketing and sales efforts in securing buyers during an extremely difficult down-market.
Assisted start-up bio-med business in entity formation, business planning, capital raising, regulatory compliance and government incentives.

10. POS

POS is an abbreviation of "Point of Sale" which is the time and place where a customer completes a transaction. It can either be a physical shop that consists of POS terminals or a virtual shop. A POS system helps simplify the retail functions and track important sales data.

Here's how managing members use pos:

Designed and implemented an in-house rental program, integrated into the store's custom POS system.
Maintained budget, POS database and financial records through Quick Books.

11. ERP

Enterprise Resource Planning (ERP) is computer software used by major corporations and organizations for conducting their management and accounting tasks efficiently. ERP systems bind different business processes with each other allowing smoother flow of data between them resulting in swift project assessment and completion.

Here's how managing members use erp:

Led post-acquisition integration of enterprise resource planning (ERP) software and assets Great Memories, LLC - General Manager.
Implement an ERP platform under a Software as a Service (SaaS) model capable of supporting 500 clients.

12. Human Resources

Human resources is a set of people in a business or a corporation that are designated to locate, interview, and recruit new employees into the company. They are also responsible to maintain the integrity of the employees and help them sort their problems out. They try to introduce and manage employee-benefit programs.

Here's how managing members use human resources:

Partnered with other human resources associates in the design and implementation of an internal outplacement program necessary for various involuntary separations
Developed consulting arrangements with various firms for Process Improvements, Project Management & Human Resources

13. Due Diligence

Due diligence refers to the process of auditing, investigating, or reviewing done to confirm the authenticity of relevant facts. In addition to this, it also refers to the evaluation of a party's financial records to determine whether one should enter into a transaction with the said party or not.

Here's how managing members use due diligence:

Designed and implemented institutional quality investment policies for portfolio construction, manager due diligence and monitoring, and risk management.
Supervised due diligence and closing of new acquisitions and development opportunities and prepared presentations and written investment committee memos.

14. Property Management

Property management is the regular oversight of commercial, residential, or industrial real estate by a third-party contractor. Property management includes the day-to-day care of the property, fixing minor and major issues, and monitoring the security of the property.

Here's how managing members use property management:

Full property management services of commercial properties, condominium associations, homeowner associations, apartment complexes and single family rentals.
Collaborate with property management company in coordinating home repairs and finding suitable tenants.

15. Risk Management

Risk management is the method of recognizing, evaluating, and managing risks to an organization's resources and profits. Financial insecurity, regulatory liability, strategic management mistakes, incidents, and natural hazards are just some of the challenges or dangers that could arise. For digitalized businesses, IT security vulnerabilities and data-related threats, as well as risk management techniques to mitigate them, have become top priorities.

Here's how managing members use risk management:

Provided all investment capital, educational training, risk management and supervisory services for other equity derivative traders.
Provided risk management analysis for hedging clients, using technical and fundamental models.

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List of managing member skills to add to your resume

The most important skills for a managing member resume and required skills for a managing member to have include:

Financial Statements
Real Estate
Payroll
Business Development
Product Development
R
LLC
Windows
Business Plan
POS
ERP
Human Resources
Due Diligence
Property Management
Risk Management

Bank Deposits
A/P
Market Research
Inventory Control
SEO
Business Operations
QuickBooks
SQL
Financial Analysis
Executive Management
Event Planning
Construction Management
Business Model
Facebook
Financial Management

Business Relationships
ROI
Financial Reports
Market Analysis
Intellectual Property
Estate Planning
Inventory Management
Management Committee
Contract Negotiations
Customer Relations
Employment Law
Financial Institutions
IRS
Residential Properties
Family Law

Updated January 8, 2025

Zippia Team

Editorial Staff

The Zippia Research Team has spent countless hours reviewing resumes, job postings, and government data to determine what goes into getting a job in each phase of life. Professional writers and data scientists comprise the Zippia Research Team.

Updated January 8, 2025

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