Bank Branch Manager Salary in Waukegan, Illinois

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Average Salary for Bank Branch Manager in Waukegan, Illinois

The average salary of a(n) Bank Branch Manager in Waukegan, Illinois is $70,146.

The average hourly rate of a(n) Bank Branch Manager in Waukegan, Illinois is $33.72.

The average bonus of a(n) Bank Branch Manager in Waukegan, Illinois is $3,928.00.

Job Description:

Manages branch of financial institutions, such as commercial bank, credit union, finance company, mortgage company, savings bank, or trust company. Directs activities of workers engaged in implementing establishment services and performing such functions as collecting delinquent accounts, authorizing loans, or opening savings accounts. 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. The Branch Manager (Minor Branch) is distinguished from the Branch Manager (Major Branch) as the position requires less experience, supervises a smaller staff, and is a smaller 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 good will and generate new business. Branch may have an Assistant Branch Manager, but typically there are no other supervisors at the branch. 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 institutions, such as commercial bank, credit union, finance company, mortgage company, savings bank, or trust company. Directs activities of workers engaged in implementing establishment services and performing such functions as collecting delinquent accounts, authorizing loans, or... More

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