A financial clerk performs administrative duties related to financial transactions and record-keeping. Their role involves maintaining records, preparing invoices, processing transactions, and assisting with reports in sectors such as accounting, banking, or insurance.
Key Duties
Duties and responsibilities typically include:
- Billing and Invoicing: Creating and processing invoices for goods and services
- Maintaining Records: Updating financial records and databases to ensure accuracy
- Processing Transactions: Handling payments, reimbursements, transfers, and other financial transactions
- Reporting: Assisting with preparation of financial statements and reports
- Customer Service: Answering questions and resolving financial queries or issues
Essential Skills and Education
Essential skills for financial clerks include strong math, organization, communication, and computer abilities. Education requirements vary, but most positions need at least a high school diploma and on-the-job training. With experience, financial clerks can advance to higher-paying roles like accountants or financial analysts.
Specific Roles in Different Specialties
Financial clerks’ duties vary by specialty and setting. Examples include:
- Billing and posting clerks calculate charges, generate bills, and contact customers.
- Brokerage clerks assist with stock, bond, and other investment transactions like verifying purchases, distributing dividends, and recording holdings.
- Payroll and timekeeping clerks assemble payroll data, maintain employee attendance records, and review time sheets.
- Loan interviewers and clerks evaluate loan applications and assist with approvals, closings, or collections.
- Tax preparing clerks prepare simple tax returns.