As the article What are the work products of the software UX design process? outlines, there are four work products in the UX design process for a software product: Information Architecture (flowcharts), Interactive Design (wireframes), graphical composition (comps) and assets (icons, favicons and more).
In small teams, one or two people often cover all these roles who are generalists. As the team grows and scales, most of the time the roles start to separate and specialize for cross-functional efficiency and effectiveness. A common separation is that the UX designer is in charge of everything up to the interactive design, and then the graphical design is done by a visual designer. However, your mileage may vary - there are many highly talented designers who can go end to end.
Special thanks: Martin Trust Centre, MIT