The general manager or vice president of the division is responsible for ensuring that all employees of the division are operating safely and effectively. If any changes to procedures are required, the vice-presidents should suggest the modifications to the board of directors, and supervise their creation and implementation. They also set and implement quarterly goals for their divisions and coordinate with the leaders of other divisions to ensure that the overall goals of the organization are met efficiently and cost-effective way.
The general manager/vice president of the division is also responsible for the hiring and firing process of managers who are under their control They must also provide direction, guidance and disciplinary actions when needed by subordinates. The position also entails giving overall direction to the division to ensure that profits are maintained and reduce risk. Sometimes, vice-presidents might need to travel, for reasons like visiting the headquarters of clients to meet with management of the company. The position also needs regular reports on the areas of credit, strategic planning, as well as credit risk. The divisional vice president/general manger must also determine whether the problem can be resolved internally or if the assistance of a third party is required.
The job requires the ability to manage and build small teams of management that can deliver in-depth reports as well as hands-on solutions to any issues that could arise within the division. Following the teams' report they must ask the vice president/general manager of the division to present the results to the board of directors.
The requirements for this job vary according to the requirements of the business as well as its size and the sector that it is operating in. In general, prior experience, including as a leader - is required.