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CEO Chief Executive Officer Job Description: Top Duties and Qualifications

Last updated: December 10, 2022

A Chief Executive Officer (CEO) ,or Chief Operating Officer (COO), is responsible for performing duties as the highest-ranking executive within a corporation to guide company practices and procedures. Their duties include overseeing company operations, communicating between board members and other company executives and making important decisions that impact the company’s brand identity and financial health.

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CEO duties and responsibilities 

As the highest-ranking executive in a company or organization, the CEO is primarily responsible for leading the company or organization and making major decisions for the organization. Other duties include:

  • Act as the figurative head of the organization when communicating with stockholders, government entities and the general public.
  • Lead the development of the organization’s long- and short-term strategies.
  • Manage overall operations and make major decisions affecting the organization.
  • Manage the organization’s resources.
  • Negotiate or approve agreements and contracts for the organization.
  • Manage company organizational structure.
  • Communicate with the board of directors.
  • Assess and minimize risks to the company.
  • Set strategic goals.
  • Provide company-wide leadership.
  • Serve as the company’s primary spokesperson.
  • Identify and address companywide problems.
  • Develop and uphold the company’s culture and mission/vision.
  • Implement strategic plans by working with senior stakeholders.
  • Evaluate and track the success of the company in reaching its goals.
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CEO Chief Executive Officer Job Description Examples

Example 1

Vibra Hospital of Richmond is seeking a Full Time Chief Executive Officer to join our team!

Vibra Hospital of Richmond, located in Richmond, VA, is a 60 bed Critical Care Hospital, providing acute care services to patients recovering from serious illnesses or injuries. Often our patients require additional critical care services for medically complex conditions such as trauma, infectious diseases, wound healing, cardiovascular disease, stroke, amputation and ventilator weaning. As a smaller, specialized hospital, we offer an opportunity to work in a fast-paced and friendly work environment where you really get to know your patients and their families.

The CEOis responsible for the delivery of quality care to patients, development of new business, supervision and control of staff and bottom-line financial performance. Strikes a balance between day to day operating issues and strategic development initiatives to position the hospital for solid, long term growth.

Minimum Qualifications:
  • Bachelor’s Degree required.
  • An equivalent combination of academic, clinical and operational experience may be considered.
  • Minimum three (3) years experience in healthcare administration/management with experience in operations management, human resources, and/or finance required.
  • Knowledge of federal, state, CMS and the Joint Commission regulatory requirements required.
  • Demonstrated track record of financial success and exemplary clinical care required.
  • Proven success in recruiting and developing staff, and in developing relationships with the medical community required.
  • Current, valid, and active driver’s license required.
  • Ability to travel using publicly available air and ground transportation.

    Additional Qualifications/Skills:
  • Master's degree in a healthcare field preferred.
  • Strong business development and community-based relationship building skills and experience preferred.
  • Ability to project a professional image.
  • Knowledge of regulatory standards and compliance requirements.
  • Strong organizational, prioritizing and analytical skills.
  • Ability to make independent decisions when circumstances warrant.
  • Working knowledge of computer and software applications used in job functions.
  • Freedom from illegal use of and effects of use of drugs and alcohol in the workplace.

    At Vibra+Ernest, employees are our priority. We are passionate about patient care and consider it a privilege to be able to provide services to patients and their family members in the Richmond, VA area. Below is a brief summary of our benefits.
  • PPO high and low deductible plans / HSA options as well
  • Dental and Vision coverage
  • Life insurance
  • Short and Long Term Disability
  • EAP
  • Tuition reimbursement
  • Career growth and development planning
  • Clinical Career Ladder bonus opportunities
  • FREE prescription plans
  • PET insurance
  • Group legal – provides legal assistance with personal legal matters

    Per Federal Health Care Worker Vaccine Requirements, all employees must be fully vaccinated against COVID-19 or be approved for a valid religious or medical exemption. Anyone hired by the company must provide proof of their COVID-19 vaccine before they can begin employment or request and be approved for a valid religious or medical exemption. Unvaccinated employees on an approved exemption must submit to weekly COVID-19 testing and wear a respirator at all times while in the facility. Some states and locations require increased frequency testing pursuant to state regulations.

    At Vibra Healthcare, our patients are family. Healthcare is constantly evolving, our growing organization is devoted to ensuring that each person in our care feels safe. Our world-class team of driven, passionate healthcare professionals are always focused on service excellence and providing top quality care at the bedside.

    If you share our values, we want to hear from you!

    Job Type: Full-time

    Benefits:
  • 401(k)
  • 401(k) matching
  • Dental insurance
  • Employee assistance program
  • Employee discount
  • Flexible schedule
  • Flexible spending account
  • Health insurance
  • Health savings account
  • Life insurance
  • Paid time off
  • Referral program
  • Retirement plan
  • Tuition reimbursement
  • Vision insurance
    Schedule:
  • Monday to Location: One location

    • Example 2

    Vibra Hospital of SE Michigan - DMC Campus - is seeking a Market Chief Executive Officer to lead our team!

    *

    Example 3

    Snake River Manufacturing
    Central Idaho Heavy Equipment Manufacturer
    Chief Executive Officer – CEO Job Description

    The CEO is responsible for providing strategic, financial and operational leadership and will closely coordinate and work with the Board of Directors and senior leadership team. The CEO is responsible for implementing the vision of the Board of Directors to become the leader in the Heavy Equipment Manufacturing Sector.

    Primary Responsibilities

  • Plan, develop, implement and direct the organization’s operational and fiscal function and performance.
  • Act as a strategic partner by developing and implementing the company’s plans and programs.
  • Analyze and make recommendation on the impact of long range growth initiatives, planning, and introduction of new strategies and regulatory actions.
  • Develop credibility and authority for the finance leadership team by providing accurate analysis of budgets, reports and financial trends and operational procedures in order to assist the BOD and senior executive team.
  • Create, improve, implement and enforce policies and procedures of the organization that will improve operational and financial effectiveness of the company.
  • Communicate effectively and establish credibility throughout the organization and with the Board of Directors as an effective developer of solutions to business challenges.
  • Provide expert financial guidance and advice to others within executive leadership.
  • Improve the planning and budgeting process on a continual basis by educating departments and key members of corporate leadership.
  • Provide strategic input and leadership on decision making issues affecting the organization; specifically relating to the evaluation of potential mergers, acquisitions or partnerships.
  • Optimize the handling of banking relationships and work closely with CFO to foster and grow strategic financial partnerships.
  • Work with finance team to develop a solid cash flow projection and reporting mechanism, which includes setting a minimum cash threshold to meet operating needs.
  • Act as a strategic advisor and consultant offering expert advice on contracts, negotiations or business deals that the corporation may enter into.
  • Evaluate company’s financial, operational, and sales and marketing structures to plan for continual improvements and a continual increase of operating efficiencies.
  • Mentor and interact with members of staff at all levels to foster growth and encourage development among senior executive team and all members of staff.  

    * Important Leadership Traits: *

  • Strong leadership ability.
  • Strategic mindset.
  • Professional business acumen.
  • Outstanding problem solving skills.
  • Excellent ability to lead and manage
  • Continually drive effective results.
  • Communicate effectively at all levels.

    Requirements and Preferred Qualifications:

  • Bachelor’s degree in business or related
  • 5-10 years of industry experience.
  • Ability to train, develop and manage executive teams
  • Executive Presence and ability maintain calm demeanor in high stress environments

    Job Type: Full-time

    Pay: $175,000.00 - $210,000.00 per year

    Schedule:
  • 8 hour shift

    Education:
  • Bachelor's Location: One location

    • What does a CEO do? 

    CEOs typically work for small, medium-sized or large corporations across a range of industries to provide leadership and insights into company operations. They work closely with other company executives to determine ways to promote the longevity of their company. Their job is to review financial reports, participate in board meetings and review suggestions from managers and employees to maximize employee productivity. They may also act as a spokesperson for their company to give quotes to media personnel in response to upcoming company events and product launches or legal matters.

    CEO skills and qualifications

    Most CEOs have experience working in upper management in the same or similar industry. Other skills and qualifications include:

    • Good communication skills
    • Problem-solving skills
    • Leadership skills
    • Time management skills
    • Decision-making skills
    • Prioritization and delegation skills

    CEO salary expectations   

    A CEO makes an average of $111,521 per year. This salary may vary depending on education, level of experience and geographic location.

    CEO education and training requirements 

    A bachelor’s or master’s degree is a requirement for most CEO positions. In the private sector for-profit businesses, the preferred bachelor’s or master’s degree is usually in business administration or a related area such as management or marketing. In some industries, a degree in industry-specific areas such as chemistry, engineering or medicine is preferred. Government and nonprofit organizations consider degrees in public administration, law, business or liberal arts. In the education field, such as School Superintendent and College President positions, a master’s degree is required, with a Ph.D. preferred or required depending upon the organization.  

    CEO experience requirements

    CEO positions require previous supervisory and management experience. Whether the experience is gained as a result of coming up through the ranks of the hiring employer or other employers, the applicant should have a history of successfully handling the increased responsibilities associated with each promotion they earned. While on-the-job management experience is the primary factor in considering applicants, successful completion of various executive-level leadership and management professional development programs can be an additional factor to consider.

    Job description samples for similar positions

    If you’re recruiting for positions related to a CEO, see our job descriptions for similar roles:

    Ready to Hire a CEO Chief Executive Officer?Build a CEO Chief Executive Officer Job Description

    Frequently asked questions about CEOs

     

    What is the difference between the CEO and the President of a company?

    The difference between the CEO and the President of a company is that the CEO performs a more senior role with a broad set of responsibilities to promote the long-term health and prosperity of the company. In contrast, a company’s President works under the CEO and other company executives to oversee daily operations. Another way to distinguish between these two roles is that a CEO is responsible for managing other company executives. At the same time, a President is responsible for managing company supervisors and business managers who work directly with lower-level employees.

     

    What are the daily duties of a CEO?

    On a typical day, a CEO starts by talking with their Executive Assistant to receive messages from board members or company executives. They check their email and respond to time-sensitive messages. They also make phone calls and prepare for meetings. Throughout the day, they host and participate in meetings with the Chief Financial Officer (CFO), Chief Strategy Officer (CSO) and company advisors to discuss business strategies and financial progress. 

    Once back in their office, CEOs continue answering emails and reviewing notes from previous meetings. They use their downtime to write entries for the company newsletter to inform employees about upcoming events or to address current company issues. They also work to raise money for their company by meeting with potential investors in-office or at restaurants and other external locations. 

     

    What qualities make a good CEO?

    A good CEO is someone who has a natural ability to lead, which enables them to guide their organization in accordance with smart financial decisions and ethical practices. They take accountability on behalf of the company and any legal incidents that occur. CEOs should also have innovative skills that allow them to envision their company’s future while also using their professional background to implement their vision in a practical way. 

    Further, a good CEO has a personable nature and excellent interpersonal communication that helps them connect with company personnel, shareholders and consumers alike. Quality CEOs also use their position to support charitable initiatives and causes like fair trade produce, sustainable machinery and workplace equality. 

     

    Who does a CEO report to?

    A CEO typically reports to the board of directors. The board of directors includes company officials, shareholders with large investments in the company and professionals with valuable industry experience. A CEO may also report to the company’s founder or company owner to provide them with updates regarding the company and its operations.

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