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Financial Clerks

Financial clerks handle various money-related administrative tasks across businesses, banks, and other organizations. These professionals process transactions, maintain financial records, collect payments, prepare billing statements, and ensure accurate documentation of monetary activities. They work with accounting software, verify data accuracy, and help maintain the financial operations that keep businesses running smoothly.

Median Annual Pay
$45,955
Range: $25,790 - $75,820
Training Time
Less than 6 months
AI Resilience
πŸ”΄High Disruption Risk
Education
High school diploma or equivalent

🎬Career Video

πŸ€–AI Resilience Assessment

AI Resilience Score

Score 1/6: declining job demand, limited human advantage creates significant risk from AI disruption

πŸ”΄High Disruption Risk

How we calculated this:

AI Exposure
Medium+1

42% of tasks can be accelerated by AI

Job Growth
Declining+0

-5% projected (2024-2034)

Human Advantage
Weak+0

EPOCH score: 7/25

Total Score1/6
Methodology: v2.0 - GPTs are GPTs / BLS / EPOCH Additive ScoringUpdated: 2026-01-09

πŸ“‹Key Responsibilities

  • β€’Record information about financial status of customers and status of collection efforts.
  • β€’Locate and notify customers of delinquent accounts by mail, telephone, or personal visits to solicit payment.
  • β€’Locate and monitor overdue accounts, using computers and a variety of automated systems.
  • β€’Arrange for debt repayment or establish repayment schedules, based on customers' financial situations.
  • β€’Advise customers of necessary actions and strategies for debt repayment.
  • β€’Answer customer questions regarding problems with their accounts.
  • β€’Persuade customers to pay amounts due on credit accounts, damage claims, or nonpayable checks, or to return merchandise.
  • β€’Confer with customers by telephone or in person to determine reasons for overdue payments and to review the terms of sales, service, or credit contracts.

πŸ’‘Inside This Career

Financial clerks begin their days by reviewing pending tasks and prioritizing transactions that require attention. Whether working in a bank branch, corporate office, casino, or small business, they spend most of their time processing financial data with precision and attention to detail. A typical morning might involve verifying account balances, posting payments, or reconciling discrepancies from the previous day's activities. They interact with computer systems constantly, entering information, generating reports, and accessing databases that track everything from customer payments to employee hours.

The middle of the workday often brings direct interaction with peopleβ€”answering customer inquiries about their accounts, explaining billing statements, or working with colleagues to resolve complex transactions. Financial clerks frequently collaborate with other departments, providing accounting teams with organized records, helping managers understand payment patterns, or coordinating with procurement specialists to process vendor invoices. They handle sensitive information daily, from personal financial data to confidential business transactions, requiring both discretion and accuracy.

Afternoons typically focus on completing documentation and ensuring all transactions are properly recorded. Financial clerks might spend time following up on outstanding issues, preparing summary reports for supervisors, or organizing files for future reference. Some days bring special projects like month-end closing procedures, audit preparations, or system updates that require additional coordination with IT staff or external vendors. The work demands strong organizational skills and mathematical accuracy, as even small errors can have significant consequences for businesses and individuals alike.

πŸ“ˆCareer Progression

What does this mean?

This shows how earnings typically grow with experience. Entry level represents starting salaries, while Expert shows top earners (90th percentile). Most workers reach mid-career earnings within 5-10 years. Figures are national averages and vary by location and employer.

1
Entry (10th %ile)
0-2 years experience
$25,790
$23,211 - $28,369
2
Early Career (25th %ile)
2-6 years experience
$29,590
$26,631 - $32,549
3
Mid-Career (Median)
5-15 years experience
$36,110
$32,499 - $39,721
4
Experienced (75th %ile)
10-20 years experience
$41,180
$37,062 - $45,298
5
Expert (90th %ile)
15-30 years experience
$48,450
$43,605 - $53,295

πŸ“šEducation & Training

Requirements

  • β€’Entry Education: High school diploma or equivalent
  • β€’Experience: Some experience helpful
  • β€’On-the-job Training: Few months to one year

Time & Cost

Education Duration
0-0 years (typically 0)
Estimated Education Cost
$0 - $0
Can earn while learning
Source: college board (2024)
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πŸ’»Technology Skills

Collection softwareMicrosoft OfficeCRM systemsDatabase systemsCommunication toolsBilling softwareMicrosoft Office (Excel)ERP systemsAccounting softwareAccounting software (QuickBooks)Payroll softwareSpreadsheet softwareBank reconciliation toolsCorel WordPerfect Office SuiteMicrosoft Excel

⭐Key Abilities

β€’Oral Comprehension
β€’Oral Expression
β€’Written Comprehension
β€’Speech Recognition
β€’Speech Clarity
β€’Written Expression
β€’Near Vision
β€’Problem Sensitivity
β€’Category Flexibility
β€’Selective Attention

🏷️Also Known As

Financial ClerksAccount Receivable AssociateAccount RepresentativeAccount Service RepresentativeAccounts CollectorAccounts Receivable Specialist (AR Specialist)Bad Credit CollectorBill CollectorBilling RepresentativeCar Repossessor+20 more

πŸ“‘Specializations

This career includes 8 specialized roles with different focuses and compensation levels.

πŸ”—Related Careers

Other careers in office-admin

πŸ”—Data Sources

Last updated: 2026-01-09

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