What do Financial Clerks, All Other Do?
Financial clerks perform clerical and administrative tasks and keep records for financial institutions. Clerks may work for commercial banks, investment firms, or government agencies. Most clerks will be expected to compile and organize financial data, as well as help customers and clients carry out financial transactions. Some clerks work in specific fields, such as loan processing, billing and posting, or payroll. This job is perfect for anyone who enjoys numbers and is well organized. Clerks typically report to higher-level managers and supervisors.
Financial Clerks, All Other Skills and Abilities
A firm grasp on elementary accounting and financial procedures is required for this job. Workers should feel comfortable working with large amounts of sensitive financial data for extended periods of time. Basic mathematical knowledge, such as arithmetic, will be commonly employed by workers in this industry. The ability to communicate effectively with coworkers, superiors, and customers is needed for success in this field. Strong organizational skills are non-negotiable since you will be tasked with compiling and organizing financial files.
Financial Clerks, All Other Duties
Financial clerks perform a wide range of tasks, in a wide variety of industries. Many financial clerks work in payroll and are responsible for ensuring that workers receive compensation for their work. Others maintain the financial files of banks or companies, and may carry out basic financial transactions, such as opening bank accounts or performing credit checks. Clerks are also commonly employed in the loan processing field, and assist higher-level workers with deciding whether or not a client is eligible for a loan. As a clerk, you will also be expected to address the questions and complaints of customers and clients. Financial clerks may also:
- Calculate charges and bills
- Keep track of a companys orders, purchases, and supplies
- Interview loan applicants and obtain personal information needed to complete an application
- Work in casinos or gaming establishments
- Perform basic tasks for accountants, bankers, and brokers
Financial Clerks, All Other Tools and Technology
Financial clerks employ a variety of electronic devices and tools during working hours. Clerks will be expected to be proficient in computer usage, as well as the internet. Financial and accounting software is common in this industry, so clerks will have to feel comfortable using them. These programs will also be used to perform credit checks, input data, and organize financial files. Basic office equipment such as printers, faxes, phones, and scanners are heavily utilized.
Education and Training for Financial Clerks, All Other
Breaking into this industry usually only requires a high-school education, but 2 and 4-year degrees are also common. Nearly 27% of financial clerks held a bachelors degree, while roughly 35% held only a high-school diploma. Almost 27% of workers attended college, but did not earn a degree. As with most careers, having a degree will make you more attractive to potential employers, but having one is not a requirement in this field. Financial clerks typically have a very brief training period before being allowed to work independently.
Financial Clerks, All Other Salary
The median yearly salary for this career is $39,200, with the top 10% earning around $58,800, and the bottom 10% earning $25,600 a year. Nationwide, there was a 0.8% wage increase amongst financial clerks. Clerks employed in the spectator sports industry earned the highest wages. Those employed in the credit intermediation industry reported earning the lowest wages.
Financial Clerks, All Other Jobs by Geography
Salaries and employment levels in this field vary drastically from region to region. California, Texas, and Florida employed more financial clerks than any other states. New York, Alaska, and Washington, D.C. paid the highest salaries in the field. There was a 3.9% spike in employment levels, meaning that the demand for workers in this particular field is rising fairly rapidly. If you want to work in the finance industry, but dont want to earn an advanced degree, this career just might fit you perfectly.