Financial Clerks Careers - Salary, Duties, & Job Information

Financial Clerks Career Description

Financial Clerk duties and responsibilities are environment related. Financial Clerk duties of someone working in a hospital might vary dramatically from someone working in an insurance office or in a factory where there might be many thousands of employees. A Financial Clerk in a small office environment could be required to also answer telephones or deal with customer enquiries, or even perform certain duties which might traditionally be associated with those of an administration assistant.

A Financial Clerk might be expected to function as a Payroll Clerk and therefore should be responsible and trustworthy with the company’s cash wages. Usually such Clerks are expected to undergo a certain number of basic security checks and answer questions concerned with personal reliability. Financial Clerks in key roles within an organization are expected to be extremely punctual for obvious reasons, otherwise the entire company might be kept waiting for vital financial transactions resulting in loss of profit.

Work Environment

The working environment of a Financial Clerk might be expected to be comfortable as most work in offices or open plan arrangements alongside executives and accountants. Working hours tend to be between 30 and 40 hours per week and are spent in offices, often behind a desk.

Employment Opportunities

Financial Clerk opportunities might always be expected to be decent, but in an economic downturn it is more likely that some Financial Clerks working in institutions could be made redundant and more efficient members of the job group given extra responsibility to take up the shortfall. The government sector employs a huge number of Financial Clerks, especially in the Health Service which is the biggest employment sector. Job stability is more likely in this market.

How much does a Financial Clerk make - Financial Clerk Salary and Wages

The Financial Clerk salary range is usually between is usually between $27,000 and $40,000 per annum. Those who land larger contracts or are employed by the government fall in the upper portion of that scale. Typically, pay increases based on experience as that is when most people seek advancement and higher paying contracts. Those who do advance usually make more money by entering into a different career field.

How to become a Financial Clerk

Educational and Training

Financial Clerk qualifications at basic level would be a High School Diploma, but someone working in this job group might expect to earn considerably more with a certification in Book Keeping and Accounting. Members of the field must take Financial Clerk courses to ensure that they are properly trained, and these courses involve the specific sector of the career that they are wishing to enter. The ability to reconcile figures and a natural flair for efficient organization is always a plus for a Financial Clerk. Ideally, Financial Clerk skills should include the ability to pay meticulous attention to detail, run an organized desk and be extremely numerate. A Financial Clerk would be expected to run a great number of checks against information provided and therefore would require concentration and the ability to spot anomalies.

Advancement

The possibilities for advancement for a Financial Clerk lay within the working environment they have chosen. Financial Clerks working in insurance companies might progress to become brokers or ultimately consultants. In a bank or other financial institution a Financial Clerk might study for further certification and become an accountant or a specialized Payroll Clerk for a large corporation, which pays significantly better.

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