Supervisors, Finance and Insurance Clerks
What they do?
Supervisors in this unit group perform some or all of the following duties:
A. Implement efficient working processes and co-ordinate, assign and review the work of clerks engaged in the following duties: administering accounts payable and receivable; processing, verifying and recording financial documents and forms; administering payrolls; serving customers in banks, trust companies and other financial institutions; processing, verifying and recording insurance claims and forms; and collecting user fees and payments on overdue accounts
B. Examine and verify accuracy of work and authorize routine payments, credits, deposits and withdrawals
C. Establish work schedules and procedures and co-ordinate activities with other work units or departments
D. Resolve work-related problems and prepare and submit progress and other reports
E. Identify training needs and train workers in job duties and company policies
F. Requisition supplies and materials
G. Ensure smooth operation of computer systems and equipment and arrange for maintenance and repair work
Where they find work?
1. Finance and insurance - 50.0%
2. Public administration - 7.0%
3. Wholesale trade - 5.0%
4. Transportation and warehousing - 4.0%
5. Retail trade - 3.0%
6. Administrative and support waste management and remediation services - 3.0%
7. Information and cultural industries - 3.0%
What education do I need?
1. Completion of a college program or courses in bookkeeping, accounting or a related subject is required.
2. Experience in the clerical occupation supervised is required.
3. Most recent entrants have an undergraduate university degree, and almost 3 in 10 have a community college diploma.
High School Subject that will help:
1. Computer-related courses
2. English (Communication)
What can you expect to make:
The average hourly wages for Supervisors, Finance and Insurance Clerks is $20.46/HR, which is close to the average for occupations in the business, finance and administration sector and are close to average for all technical, professional, and skilled occupations. These wages grew at an average rate from 2002 to 2004.
Average Wage
Expected Wage by Age
Unemployment:
5% of Supervisors, Finance and Insurance Clerks are unemployed. This rate is close to the average for technical, professional, and skilled occupations.
Unemployment
Trends in Unemployment
Current Job Outlook:
The job outlook for Supervisors, Finance and Insurance Clerks is considered Average because:
1. Employment grew at an average rate.
2. The retirement rate is above average, and the number of retiring workers contributes to job openings.
3. Hourly wages ($20.46) are close to the average ($18.07), and the rate of wage growth is close to the average.
4. The unemployment rate (5%) is close to the 2004 average (7%).
Future Job Prospects:
Your job outlook will continue to be Average because:
1. The employment growth rate will likely be average due to the office automation.
2. The retirement rate will likely be above average and the number of retiring workers should contribute to job openings.
3. The number of job openings will likely exceed the number of job seekers. This will not be significant enough to have an impact on the work prospects.
Highest Concetration:
The highest concentrations Supervisors, Finance and Insurance Clerks are found in Manitoba and Ontario while the lowest concentrations are in Nova Scotia and Newfoundland.
Unionization Rate:
The unionization rate (13%) is below the average (32%) for all occupations.
Useful Experience:
1. Leadership
2. Computer literacy
3. Team work
Age Demographics
Age Demographics:
The relatively low percentage of younger workers suggests few entry-level job openings, and could point to a greater need for workers with experience or a number of years of training. The retirement rate to 2009 will likely be above average because of a tendency to retire at an earlier-than-average age (57).
