Bank Manager Salary in Lake Zurich, Illinois

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Average Salary for Bank Manager in Lake Zurich, Illinois

The average salary of a(n) Bank Manager in Lake Zurich, Illinois is $88,811.

The average hourly rate of a(n) Bank Manager in Lake Zurich, Illinois is $42.70.

The average bonus of a(n) Bank Manager in Lake Zurich, Illinois is $5,941.00.

Job Description:

Manages branch of financial institution, such as commercial bank, credit union, finance company, mortgage company, savings bank, or trust company. Directs and coordinates activities to implement institution policies, procedures, and practices concerning granting or extending lines of credit, commercial loans, real estate loans, and consumer credit loans. Directs, through subordinate supervisors, activities of workers engaged in implementing establishment services and performing such functions as collecting delinquent accounts, authorizing loans, or opening savings account. The Branch Manager (Major Branch) is distinguished from the Branch Manager (Minor Branch) as the position requires more experience, supervises a larger staff, and is a larger volume branch bank. Establishes procedures for custody and control of assets, records, loan collateral, and securities to ensure safekeeping. Contacts customers and business, community, and civic organizations to promote goodwill and generate new business. May prepare financial and regulatory reports required by law, regulations, and Board of Directors. May examine, evaluate, and process loan applications. May recommend securities to board or corporate officers for institution investment. May talk to customers to resolve account problems. May interview and hire workers. May evaluate data pertaining to costs to plan budget. May plan and develop methods and procedures for carrying out activities of establishment. Less

Manages branch of financial institution, such as commercial bank, credit union, finance company, mortgage company, savings bank, or trust company. Directs and coordinates activities to implement institution policies, procedures, and practices concerning granting or extending lines of credit, commercial loans,... More

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