COO Job Description – What is a Chief Operating Officer?

coo job description

COO Job Description – What is a Chief Operating Officer?

Also known as a Chief Operating Officer, a COO job description and duties cover responsibilities  for the inside operations of a company, according to policies which are created by the COO’s immediate superior (and the company’s leader), the CEO (Chief Executive Officer).

Part of a coo job description will be Anyone who works as a COO  will need to lead and direct multiple facets of a company, such as operations, human resources, IT (information systems), traffic, new business coordination, marketing and communications.

By implementing a CEO’s particular vision for a company, the coo job description plays a practical and integral role in the development, growth and success of a company.

As the CEO’s second in command, the COO fills a high rank within the pyramidal structure of a firm. The COO will take care of day-to-day operations, and then report on his or her doings to upper management. As part of a COO job description they may also need to keep a board of directors posted on his or her progress.

COO Jobs are Multifaceted Positions.

Quite often, a coo job description will have two titles. For example, a COO may act as an Executive Director or as a President. Executive Directors will be members of the firm’s board of directors. A president will answer to a chairman of the board, as well as to a Chief Executive Officer. Theses ideals may for part of the coo job description

Under the COO, a range of pivotal staff members will ensure that daily operations and initiatives adhere to the instructions of the Chief Operating Officer. Typically, underlings of COOs will be known as Operating Managers.

Tasks and responsibilities  will vary, based on the size, scale and goals of the company. The CEO will set out the duties as he or she sees fit. Job duties may shift as a company takes a new direction. Therefore, as part of  the COO job description it may state you must have the ability to adapt to new circumstances.

Advanced managerial ability will be needed, along with the ability to accept a very high level of responsibility. In other words, if a company fails to perform under the guidance of a COO, he or she may be held directly responsible.

The CEO will almost always expect an excellent level of performance from a COO. In general, both types of positions will command high salaries, while the CEO will usually earn more money. Higher education is a given for most COOs. One example of a University/College degree which is a common credential among COOs is an MBA (Master’s in Business Administration). It is uncommon, though not unheard of, for a COO to have no degree, or to have only an undergraduate degree. However, the level of education which is required in order to get hired for this sort of position may depend on the size and scale of a company.

Learn about coo job description and responsibilities.

COOs will tend to perform certain job duties as a matter of course. For example, the direction of internal operations, in order to meet projections and related financial criteria, will be a typical job duty of a Chief Operating Officer. In addition, the COO must ensure that the firm’s capital is preserved.

This type of business professional will also participate in developing and preparing short and long-term plans and budgets, by analyzing company goals and data. Any plans and budgets created by a COO will be explained to the CEO, who then will grant or deny approval.

Policies which are set out by a CEO must also be implemented. On a regular basis, a COO must check current operational processes and results, in order to see if policies are paying off for the company.

All of the results that are gathered on a periodic basis will need to be shown to the CEO, who must also decide if the execution of policies (and the value of the policies themselves) is good.

The Chief Operating Officer must also ensure that all company processes related to operation are performed in accordance with regulations, such as government or union regulations, if applicable. The COO should also be a watchdog who ensures that industry “best practices” are utilized in the day to day course of operations.

COO Salary Information

The size of a company will typically play a role in how much a Chief Operating Officer is paid. Earnings per annum will vary from 85k to 266k. COOs may also augment their incomes through stock options or other perks which are extended to those at the highest levels of management. Full benefits are usually offered with this type of position (medical, dental, et cetera).

Now that you know more about what a COO is and what this job entails, you’ll be able to distinguish between this position and other upper management positions, such as CEOs or CFOs (Chief Financial Officers).

As you can see, COOs are very important players within the hierarchy of organizations. They make it possible for CEOs to realize their visions for their companies