Associate Partner Responsibilities

If you are aspiring to become a partner you will first need to take on the role of an associate partner in some organization. For becoming a thorough professional you will first need to understand the associate partner responsibilities.

The effective implementation of these responsibilities helps an organization to reach greater heights. Each company has its own set of rules and the duties vary from one company to another.

The relationship of partner along with the associate partner should be mutual and each one should be responsible for carrying out his own work.

Key Responsibilities of an Associate Partner

The associate partner's work matches the duties handled by the partner. Associate partner works under the supervision of a partner and functions to build strong relationship with clients and understand their concerns with a common objective of enhancing the business and profits. He needs to perform several duties which are as under:

1. To handle the day-to-day activities of the partner and carry out business in a manner that will yield greater profits

2. To keep a close eye on the accounting procedures by assisting in the preparation of bills and making entries in the accounting systems

3. To hire, train, select the new members whenever there is a need

4. To maintain the confidentiality of the clients' information

5. To maintain professional relationship with the clients and resolve their queries at the earliest

6. To prioritize and review the work of the subordinates

In addition to these responsibilities he is also involved in performing other duties which are as follows:

• He helps the partner in drafting all the important correspondence

• He organizes, fixes and schedules meetings with the clients

• He analyzes, studies and implements new techniques to improve the existing services

• He should keep himself updated with the latest developments in the related areas

• He should be able to identify new clients for the company

• He should actively participate in all the meetings and presentations

Essential Skills Required

If you want to be a successful partner or an associate partner you need to have the following set of skills:

1. Exceptional communication skills are a must to maintain good client relationship and develop new ones

2. A good business acumen to identify and tap new opportunities in the form of clients

3. Excellent at prioritizing work according to work load by exhibiting excellent time management and organizational skills

4. Should have an ability to work in a team and follow the given instructions and procedures

5. He should be able to supervise and lead the team in the absence of the partner

6. He should be able to work under pressure and have an ability to meet the targeted deadlines

Educational Qualifications for an Associate Partner

The minimum requirement for an associate partner is a bachelor's degree in the relevant field,may be in finance, business administration or management. A successful track record in the relevant industry will help you to get selected for that particular job.

Work Schedule for an Associate Partner

Associate partner works in forty to forty five hours per week schedule. However, being in a responsible position next to the partner he may be required to work for extended hours. He may also be required to work in the evenings, late nights, weekends or holidays according to the priority of the project.

Career Scope

If an associate partner performs his responsibilities with commitment and dedication he definitely has chances of getting promoted to take on the role of a partner in that particular organization.

Partnership is gaining much importance in todays situation. So if you are aiming to become a partner it is essential that you first understand the intricacies of the associate partner responsibilities and the requisite skills and qualifications needed to get a great head start in your career.