AddressKey Responsibilities:
- Business Heads are typically involved in the development and execution of the overall business strategy. This includes setting long-term goals, defining objectives, and ensuring that the business unit's activities align with the broader organizational strategy.
- Business Heads are responsible for the financial health of their business unit. This involves budgeting, financial forecasting, and ensuring that the unit operates within the allocated budget.
- Business Heads lead and manage a team of professionals within their business unit.
- This involves hiring, training, and mentoring staff. They are responsible for creating a positive and productive work environment and ensuring that the team works cohesively to achieve common goals.
- Business Heads might be involved in business development and sales initiatives, depending on the specifics of their business unit. This entails finding new company prospects, cultivating client or customer connections, and ensuring revenue growth.
- It's important to know what client wants and make sure the business unit's offerings of goods and services either match or exceed their expectations. Business heads could focus on methods to improve client loyalty and happiness.
- Ensuring that the business unit operates within legal and ethical boundaries is another key responsibility. Business Heads must be knowledgeable about relevant laws and regulations and implement policies to ensure compliance.
- Establish performance goals, carry out frequent performance reviews, and provide team members helpful criticism.
- To produce enlightening investment advice, conduct in-depth study on financial markets, businesses, and industries.
- Business heads frequently act as a point of contact for other organizational departments and their business unit. They work together with other leaders to accomplish overarching corporate goals, update executives on the unit's performance, and communicate with them on a frequent basis.
- Business Heads are responsible for identifying and mitigating risks that could impact the success of the business unit. This involves staying informed about market trends, competition, and regulatory changes that may affect the business.
Qualifications:
- Bachelor's or master's degree in finance, Economics, Business, or a related field
- CFA (Chartered Financial Analyst) designation is highly desirable.
