What does a managing member do?
A managing member is an individual who has an ownership interest of a limited liability company (LLC) and is involved in its daily management. Managing members have an authoritative position that allows them to represent the company in contract negotiations and agree to the terms of a binding contract. They can purchase and sell properties owned by the company and can hire or terminate employees. Managing members also receive salaries and are not entitled to share in the profit or loss of the company.
Managing member responsibilities
Here are examples of responsibilities from real managing member resumes:
- Founded, develop and manage a playwriting group for NYC playwrights.
- Manage concurrent projects locate across multiple time zones during daytime and off-hours maintenance windows.
- Manage marketing and social media marketing activities, as well as company's e-commerce business and daily operations.
- Form and manage an LLC for the manufacturing, sales, and distribution of an extremely unique line of magnetic jewelry.
- Manage a portfolio of web assets on a part-time basis including e-commerce, video production services and a San Antonio blog.
- Manage the day to day operation/financial operations of Medicare certify home health agency.
- Market products via social media on Facebook.
- Schedule and run art and layout meetings.
- Maintain plumbing, electrical, central air HVAC.
- Arrange and run bi-weekly film screenings and discussions for students
- Control A/R, A/P, bank reconciliations and banking transactions.
- Task include outreach and compute fraternity's progress via stats.
- Handle professional business and etiquette through scholarship and service to the community.
- Complete redesign and investment in POS systems, operating technologies, and branding.
- Supervise LPNs and CNAs/HHAs assign to client base on Medicare condition of participation.
Managing member skills and personality traits
We calculated that 14% of Managing Members are proficient in Financial Statements, Real Estate, and Payroll. They’re also known for soft skills such as Management skills, Time-management skills, and Problem-solving skills.
We break down the percentage of Managing Members that have these skills listed on their resume here:
- Financial Statements, 14%
Produced quarterly and annual financial statements for a small business resulting in improved visibility into the operation's financial health.
- Real Estate, 11%
Realized several hundred thousand dollars in payroll and real estate rebates by negotiating state tax incentives through Kentucky Economic Development Partnership.
- Payroll, 8%
Approved payroll and invoices, coordinated employee benefits, maintained insurance coverage and verified permitting requirements.
- Business Development, 6%
Secured new business development and project extensions, including client lead maturation, proposal development, and closing new business opportunities.
- Product Development, 5%
Coordinate with Marketing and Product Development Departments to continuously improve offering.
- R, 4%
Price changes on the AS 400 and the Kin R computer systems.
"financial statements," "real estate," and "payroll" are among the most common skills that managing members use at work. You can find even more managing member responsibilities below, including:
Time-management skills. Another soft skill that's essential for fulfilling managing member duties is time-management skills. The role rewards competence in this skill because "top executives do many tasks concurrently to ensure that their work gets done and that the organization meets its goals." According to a managing member resume, here's how managing members can utilize time-management skills in their job responsibilities: "initiated cash management strategies such as float payment options for truck repairs to meet payroll deadlines. "
Problem-solving skills. Another skill that relates to the job responsibilities of managing members is problem-solving skills. This skill is critical to many everyday managing member duties, as "top executives need to identify and resolve issues within an organization." This example from a resume shows how this skill is used: "tracked work request submissions resolved headcount discrepancies between product development and human resources. "
Leadership skills. For certain managing member responsibilities to be completed, the job requires competence in "leadership skills." The day-to-day duties of a managing member rely on this skill, as "top executives must be able to shape and direct an organization by coordinating policies, people, and resources." For example, this snippet was taken directly from a resume about how this skill applies to what managing members do: "trained in leadership and risk management. "
Communication skills. Another common skill required for managing member responsibilities is "communication skills." This skill comes up in the duties of managing members all the time, as "top executives must be able to convey information clearly and persuasively." An excerpt from a real managing member resume shows how this skill is central to what a managing member does: "developed communication programs to enhance business development. "
The three companies that hire the most managing members are:
- Chipotle Mexican Grill402 managing members jobs
- Chewy26 managing members jobs
- McDonald's2 managing members jobs
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Compare different managing members
Managing member vs. Project administrator
A project administrator is an individual who assists the project manager in the preparation, reporting, and analysis of projects. Project administrators are given tasks with administrative responsibilities such as managing the budget for supply orders, coordinating meetings with contractors, and doing site visits. They are involved with hiring staff members for a project and creating employee guidelines based on talents, skills, and abilities. Project administrators are also responsible for providing reports on the project's progress to the top management.
These skill sets are where the common ground ends though. The responsibilities of a managing member are more likely to require skills like "financial statements," "real estate," "payroll," and "business development." On the other hand, a job as a project administrator requires skills like "project management," "purchase orders," "customer service," and "powerpoint." As you can see, what employees do in each career varies considerably.
Project administrators earn the highest salaries when working in the construction industry, with an average yearly salary of $66,237. On the other hand, managing members are paid more in the government industry with an average salary of $96,032.The education levels that project administrators earn slightly differ from managing members. In particular, project administrators are 4.2% less likely to graduate with a Master's Degree than a managing member. Additionally, they're 5.8% less likely to earn a Doctoral Degree.Managing member vs. Co-owner/operator
A co-owner/operator is responsible for delivering goods and services for the companies using their trucks and vehicles. Co-owner/operators ensure timely merchandise deliveries, check the quantity and quality of the cargo, and follow routes accordingly. They also inspect vehicle conditions, identify any inconsistencies, and perform troubleshooting for malfunction for immediate repair or replacement of components to prevent deliveries delays. A co-owner/operator must have clean driving records, adhering to the road's safety regulations.
While some skills are similar in these professions, other skills aren't so similar. For example, resumes show us that managing member responsibilities requires skills like "real estate," "payroll," "product development," and "erp." But a co-owner/operator might use other skills in their typical duties, such as, "co-op," "patients," "data analysis," and "powerpoint."
Co-owner/operators may earn a lower salary than managing members, but co-owner/operators earn the most pay in the technology industry with an average salary of $49,760. On the other hand, managing members receive higher pay in the government industry, where they earn an average salary of $96,032.Average education levels between the two professions vary. Co-owner/operators tend to reach lower levels of education than managing members. In fact, they're 6.2% less likely to graduate with a Master's Degree and 5.8% less likely to earn a Doctoral Degree.Managing member vs. Project director
A project director is an individual responsible for supervising workers from various departments given specific tasks to complete a given project. They create a budget to complete a job while monitoring the amount of money spent to ensure that overspending is avoided. They provide presentations to investors, business partners, and company executives to inform them about their progress and development. Project directors must have several years of experience and obtain at least a bachelor's degree in business economics or a related field to be hired.
Some important key differences between the two careers include a few of the skills necessary to fulfill the responsibilities of each. Some examples from managing member resumes include skills like "financial statements," "real estate," "payroll," and "product development," whereas a project director is more likely to list skills in "project management," "oversight," "customer satisfaction," and "hr. "
Project directors make a very good living in the technology industry with an average annual salary of $106,707. On the other hand, managing members are paid the highest salary in the government industry, with average annual pay of $96,032.project directors typically earn higher educational levels compared to managing members. Specifically, they're 8.0% more likely to graduate with a Master's Degree, and 2.9% more likely to earn a Doctoral Degree.Managing member vs. Associate director
An associate director oversees the daily activities and business operations within a particular area. They are primarily responsible for devising strategies that aim for growth in profit and customer satisfaction, implementing policies and standards, evaluate the workforce, providing support to various departments, and setting goals in terms of budget and sales. Furthermore, they must regularly report progress to the director and coordinate with managers and supervisors in the joint effort to reach the vision and mission of the company.
Even though a few skill sets overlap between managing members and associate directors, there are some differences that are important to note. For one, a managing member might have more use for skills like "real estate," "product development," "llc," and "windows." Meanwhile, some responsibilities of associate directors require skills like "patients," "healthcare," "project management," and "oversight. "
The pharmaceutical industry tends to pay the highest salaries for associate directors, with average annual pay of $143,618. Comparatively, the highest managing member annual salary comes from the government industry.In general, associate directors hold higher degree levels compared to managing members. Associate directors are 8.4% more likely to earn their Master's Degree and 1.9% less likely to graduate with a Doctoral Degree.Types of managing member
Updated January 8, 2025
