What does a Commercial Director do?
A Commercial Director deals with the commercial aspects of a project. This includes billing, the organisation of labour, analysing costs and negotiating material prices. They oversee all commercial and managerial aspects of the projects to ensure they are completed on time and under budget. They also collaborate with other executives within the company to decide on potential future projects. They excel at predicting the possible benefits or losses a project might bring for the company. They are able to build and nurture relationships with clients throughout the project, constantly updating them with changes or questions about the project.
Commercial Director skills and qualifications
Successful Commercial Directors need a range of prerequisite skills and qualifications to perform their duties effectively. These usually include:
- Strong communication, persuasion and presentation skills
- Persistence and determination
- A goal-oriented mindset
- Ability to be flexible
- Business management skills
- Leadership skills
- Multitasking and the ability to prioritise projects
- The ability to use their own initiative
Commercial Director experience requirements
Years of experience are necessary for this position, as experience teaches candidates how to balance the risks and rewards of projects the company may embark on. They need to have a good understanding of the industry your company works in and how this will affect the type of projects they work on, as well as the clients they will be dealing with.
Commercial Director education and requirements
Some employers prefer candidates who possess a university degree, usually in business or project management. After graduation, many applicants will complete a Higher Apprenticeship in Project Management which usually lasts about four years. Other employers will accept candidates who have only completed a few courses as long as they have relevant experience. Some will accept candidates who have gained experience by starting in an administrative role in another company and working their way up to a Director or management position. Other applicants may have gained experience through a graduate programme where they may have started off as a Junior Project Manager.
Commercial Director salary expectations
According to Indeed Salaries, the average salary for a Commercial Director in the UK is £79,468 per. Salary may be dependent on experience, location and company.
Job description samples for similar positions
Positions that may be a better match for the job your company is advertising include: