Working in finance is a stable career that offers a number of growth opportunities — and many senior-level finance professionals in the field began their careers as finance clerks. Finance clerks take on a support role and assist with a variety of accounting and finance related tasks, such as updating financial records, managing accounts receivable and payable and serving as an important point of contact for customers, clients and more. As such, customer service also plays a part in this position. If you believe you can help companies with their accounting practices, have a background in accounting and want to pursue a future in finance, this career path is definitely worth considering.
Average salaries for finance clerks vary significantly depending on a number of factors, including where you’re located, the company you work for, the scope of your responsibilities and more. With that in mind, average salaries for finance clerks range from $30,000 to $39,000 annually. Performance bonuses and employee benefits may be included in your compensation package.
Depending on the company, you will work in either the accounting or HR department. You will spend most of your day working on a computer, and may be required to attend meetings related to your role. You will work normal business hours and likely report to the finance manager or a more senior person within the finance or HR department.
Bringing together a variety of skills and responsibilities, finance clerks ensure that accounting processes run smoothly and effectively. Some of the tasks that will be included in your day-to-day responsibilities include:
Additional tasks may be included based on the specific details of your role.
Finance clerks can work for companies of all sizes across virtually every industry, and demand for these skilled professionals is currently high from coast to coast. That said, more opportunities may be available in cities where the financial sector has a large existing footprint.
Finance clerks need to have strong finance acumen, deep-seated business knowledge and considerable interpersonal and communication skills in order to be successful. Here are some of the skills hiring companies will be looking for:
As an entry-level position in finance and accounting, most companies primarily require that you have a keen understanding of finance and accounting principles. On top of that, having an undergraduate degree in a relevant field will certainly help set you apart from other candidates. Proven experience in a similar role will also be an asset.
Note that some companies are willing to hire students who are still in school and working their way toward degrees in finance or accounting.
Finance clerks have a variety of career paths they could pursue. With the right experience and training, you could move on to a more specialized role — for example, managing a particular accounting function, such as accounts payable. Some finance clerks move on to HR or administrative roles, while others ultimately find themselves joining the ranks of executive leadership.
Looking for your next (or first) job as a finance clerk? Start exploring opportunities with Randstad today.
Alternatively, if you’re looking to hire skilled finance clerks, get in touch with us to learn how we can help you attract and hire today’s top candidates.