How to Answer: How often do you monitor each locations' P&L reports?
Advice and answer examples written specifically for a District Manager job interview.
5. How often do you monitor each locations' P&L reports?
How to Answer
In this District Manager role, you may be responsible for tracking the profit and loss of the locations in your jurisdiction on a highly regular basis. The interviewers want to see evidence that you are accustomed to monitoring P&L reports in your current position and taking your financial responsibilities seriously. You can make a significant impact when it comes to cutting costs and making profit improvements when you keep a keen eye on your P&L and other crucial financial information.
If you are unaware of which information you may need to view, as a District Manager, be sure to research what an average P&L report will contain. Familiarize yourself with the following:
- Revenue: The money each location brings in from sales or services.
- Direct costs: The expenses each location incurs.
- Operating expenses: Expenses such as rent, admin, marketing, and staffing.
Written by Rachelle Enns on October 2nd, 2020
Answer Example
"My current organization asks me to review our statements at the end of each day. I review high-level information daily and then perform a thorough analysis at the end of each week. Every Monday, I am responsible for providing a full financial statement to corporate headquarters that includes a wide variety of targets versus actuals. I monitor each location's profit and loss carefully, allowing me to make pivots in real-time."
Written by Rachelle Enns on October 2nd, 2020
Anonymous Interview Answers with Professional Feedback
Anonymous Answer
This is important as we monitor expenses daily, labor weekly, and our sales & gross margin all combined on the monthly P&L."
Stephanie's Feedback