Senior Vice President job description (2024)

Use this Senior Vice President job description sample to find reliable candidates for your open executive-level roles. Feel free to modify responsibilities and requirements based on your needs.

What is a Senior Vice President?

Senior Vice Presidents hold an executive role in organizations, usually reporting to the CEO or the President of the company. They supervise a department (e.g. Engineering, Marketing) or a specific region where the company operates. The role of the Senior Vice President (SVP) is to play a leading role in high-level organizational decisions and daily operations.

What does a Senior Vice President do?

Senior Vice Presidents set business goals (e.g maximizing revenue) and solve internal issues when needed. They supervise Vice Presidents and managers and evaluate each department’s performance. They also ensure employee compliance with company policies.

Senior Vice President duties can include:

  • Setting company goals and developing business strategies
  • Preparing and allocating budgets
  • Evaluating performance

Senior Vice President responsibilities and requirements may vary among different companies or departments. When crafting your Senior Vice President job description consider what specifically you need to include.

Job brief

We are looking for an experienced Senior Vice President to join our senior management team. You will manage your department’s VPs and managers.

On a daily basis, you’ll monitor and evaluate your department’s operating performance and ensure all policies are followed. You will research new business opportunities and lead budget decisions. To succeed in this role, it’s essential to have extensive management experience in this field and strong strategic and analytical thinking capabilities.

Overall, through this role, you will help us develop our business strategy and growth.

Responsibilities

  • Overview daily operations
  • Set performance and financial goals and attain them through team direction and management
  • Assess, evaluate, and report on overall team and individual team member performance
  • Prepare and allocate budgets
  • Research and identify new business opportunities
  • Seek new business tools and methods
  • Collaborate with other executives and SVPs to decide on business strategies
  • Evaluate department’s profits and revenue, and calculate risks
  • Ensure compliance with company policies and local, regional and federal regulations
  • Build and approve the department’s hiring plan
  • Guide and support VPs and managers

Requirements and skills

  • Experience in a managerial or executive role in this industry
  • Strong experience in project management and budgeting
  • Great understanding of business functions (Sales, Engineering, etc.)
  • Demonstrable ability and proven track record in strategy-building and implementation
  • Working knowledge of data analysis and performance metrics
  • Excellent organizational and leadership skills
  • Team player
  • Degree in Business Management or relevant field

Frequently asked questions

Senior Vice President job description (2024)

FAQs

Senior Vice President job description? ›

Duties of a senior vice president can include many of the following: Oversee executives and managers throughout the entire organization. Evaluate the success through finances, company culture and talent acquisition. Make decisions on behalf of their department and negotiate with clients and business partners.

What are the duties of senior vice president? ›

Responsibilities
  • Lead and manage the organization's strategic planning and execution.
  • Drive business growth and development through market analysis, customer insights, and competitive intelligence.
  • Manage budgets, ensure financial stability, and maximize profitability.

What is the difference between a vice president and a senior vice president? ›

In summary, executive vice presidents are responsible for setting the company's goals and objectives and ensuring that they are met. Senior vice presidents are responsible for managing the company's operations and ensuring that all departments are working together to achieve the company's goals.

What makes a good senior vice president? ›

Vice presidents are strong leaders. They must make confident and important decisions, often in lieu of the CEO or president. Communicating their ideas clearly, presenting new concepts or directions, and leading the company with clarity and transparency are essential to the role.

Is senior VP higher than CEO? ›

A senior VP, or SVP, is an executive-level professional who reports to the CEO, an executive vice president or president of a company. Senior vice presidents typically earn their role by advancing at a company after working there for many years.

Is senior vice president a high position? ›

A senior vice president is usually a vice president who has advanced through the company and receives a title, due in large part, to his or her longevity and experience. This person is usually the highest ranking of the vice presidents, with associate and assistant vice presidents beneath him on the corporate ladder.

Is a senior VP an officer? ›

In US companies, officers are elected by the board of directors, and usually consist of a president and/or a chief executive officer, one or more vice presidents, a secretary, and a treasurer or chief financial officer.

Which is higher SVP or COO? ›

Reporting: The VP of operations likely reports to the company's president, while the COO usually reports to the CEO . Career development: VPs of operations usually retire out of the position—there's little upward mobility from that role. Some COOs, however, promote into the role of CEO.

How much does a SVP at Wells Fargo make? ›

$358K (Median Total Pay)

The average Senior Vice President base salary at Wells Fargo is $219K per year. The average additional pay is $140K per year, which could include cash bonus, stock, commission, profit sharing or tips.

Is SVP higher than director? ›

Senior vice presidents and vice presidents are on lower rungs of the corporate ladder. Anywhere else, except in Hollywood, the title director is a middle-management title, roughly equivalent to a vice president but lower than a senior vice president.

How do you become a senior vice president? ›

Senior Vice President Requirements:
  1. A postgraduate degree in business management, administration, or finance.
  2. At least 5 years experience in a similar management role or position.
  3. Excellent analytical skills and a data-driven mindset.
  4. Proficiency in negotiations, operational management, and implementation.

How long does it take to become a senior vice president? ›

Generally, it takes more than 10 years to become a senior vice president. The most common roles before becoming a senior vice president include vice president, assistant vice president team lead and vice president and manager.

Is VP considered executive? ›

A VP is a high-level senior executive who oversees the day-to-day operations of a broad division and implements the company's vision, policies, and goals. If an organization only has one VP, this person oversees the entire organization's operations.

What is C-level leadership? ›

C-level executives, or “chief” executives, hold the highest strategic roles within a company. These roles include the CEO (Chief Executive Officer), COO (Chief Operating Officer), CFO (Chief Financial Officer), and others. They are responsible for overseeing major company decisions, operations, and overall direction.

Is VP equivalent to senior manager? ›

The fundamental job of a VP stems from the responsibilities of a manager. The big difference is that a manager would be in charge of their team or a project, while a VP is in charge of the whole company. But the responsibilities remain quite similar, but at a larger scale.

Is vice president a C suite? ›

Is a VP considered C-level? No. A Vice President, or VP, is considered to be part of V-level management and reports directly to the C-level.

What is below senior vice president? ›

The title of assistant vice president or associate vice president is used in large organizations below vice president and there can be a very convoluted list of other types of VPs as seen in the next section.

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