Financial Clerk

 

What does a Financial Clerk do?

Financial clerks are responsible for providing financial, administrative and clerical services in order to ensure effective, efficient and accurate financial and administrative operations. Financial clerks receive deposits and pay out money in financial institutions, process credit, loan and insurance applications, maintain records of securities transactions and registrations, and compile data and undertake statistical and actuarial computations.

 

Study path:

Entry: National Senior certificate (Grade 12)

Many organisations provide in-house training in financial administration. Various private institutions offer certificate and diploma courses in the field. A successful financial clerk should have strong math, communication and organizational skills, since duties entail calculating charges, handling multiple accounts and explaining procedures to clients and co-workers.

Employers, particularly those in the brokerage industry, may require financial clerk applicants to have a bachelor’s degree in a business- or accounting-related field.

On-the-job training is more prevalent for most financial clerks.