New Account Clerk

New Account Clerk

What is a New Account Clerk?

A new account clerk is a financial professional who assists clients with opening new bank accounts. This may include both savings and checking accounts set up for various purposes. Today’s financial landscape can be confusing for consumers. A new account clerk will assist each client in understanding the options that are available from their financial institution. They will cover topics like interest rates and annual fees to help clients compare their choices. 

A new account clerk may also assist clients with investments, explaining services pertaining to securities and bonds. These professionals should have a solid understanding of finance, so they can assist clients in finding an effective savings or spending account that will help them meet both their short-term and long-term goals. 

In addition to assisting customers with new bank accounts, this type of financial clerk may also handle other routine tasks in the bank environment. This often includes depositing checks, issuing money orders, checking balances, and answering questions regarding the use of ATM cards, direct deposit services, and online account management tools. 

Additional Training/Requirements

Once you have your AAS degree in Networking Technology, how do you show potential employers that you really know what you are doing? The answer is through certifications. Bryant & Stratton College recommends three certification tests, the CompTIA A+, Comp TIA Security+, and the CompTIA Network+. Your tuition covers one certification exam. 

In completing the requirements for your AAS degree, you will have been given the tools to pass all three exams. But, you needn’t take all three. The CompTIA A+ is a basic skills exam. Taking and passing the CompTIA Network+ exam will make it clear that you also have the basic skills necessary to be a network administrator. 

In addition to the Comp TIA certifications, you may also consider Security+ and Network+ certifications. Of course, you may want to tailor the exams you take to your desired career trajectory. There are industry-leading organizations that offer certification exams, upon completion of this degree, as well.

Job Responsibilities

  • Assisting customers with application forms for new accounts 
  • Explaining account options 
  • Interviewing customers to obtain essential information for applications 
  • Using online or computer applications to open new financial accounts 
  • Providing customers with their account information 
  • Teaching customers how to access their accounts at the bank or online 
  • Accepting deposits for new accounts 
  • Collecting necessary fees for new accounts 
  • Evaluating credit records 
  • Assessing clients’ financial needs 
  • Recommending products and services 

What’s the Job Outlook for New Account Clerks?

According to the Bureau of Labor Statistics, about 116,600 openings for financial clerks are projected each year, on average, over the decade. All of those openings are expected to result from the need to replace workers who transfer to other occupations or exit the labor force, such as to retire.  

Projected employment of financial clerks varies by occupation. Employment of billing and posting clerks is expected to rise in fast-growing healthcare industries. 

Where Do New Account Clerks Work? 

New account clerks typically work for banks, credit unions, or similar financial institutions. This puts them in a traditional work environment with regular hours. Most banks have limited weekend and evening hours. As a new account clerk, you should also enjoy holidays off work. Most financial clerks work full time. 

For some employers, you may also work in a call center rather than a physical bank location. New account clerks in this type of position will assist customers who want to open an account over the phone working with a live professional. Hours may vary with a call center position, but are similar to those of the bank, with evenings and weekends off.

What Training Do I Need to Become a New Account Clerk?

A new account clerk will typically need a minimum of a high school diploma. However, this can be a competitive field thanks to the minimal job growth expected in this area. You can increase your employment opportunities and craft a more compelling resume by furthering your education with a relevant diploma. 

The Accounting Assistant Diploma from Bryant & Stratton College is a well-rounded choice for individuals who want a position as a new account clerk or other type of financial professional. This is a 30-credit hour program that will prepare you for a successful professional career quickly. It covers several key topics with courses in accounting principles, business principles, office applications, income tax accounting, computer skills, and workplace mathematics. 

With an Accounting Assistant Diploma, you will have the background and knowledge you need to position yourself to competitively seek a career as a new account clerk. 

What Can I Do with an Accounting Assistant Diploma? 

An accounting assistant diploma will prepare you for a position as a new account clerk or other type of financial clerk. To increase your chances of landing a job in this area, you should watch for a variety of job titles in this general field. Some of the positions that you might want to look for include: 

  • Accountant 
  • Business analyst 
  • Cost accountant 
  • Revenue tax specialist 
  • Audit partner 
  • Assurance manager 
  • Bookkeeping clerk 
  • Accounting clerk 
  • Auditing clerk 
  • Gaming cage worker 
  • Payroll and timekeeping clerk 
  • Credit authorizer 
  • Insurance claims and policy processing clerk 

These positions will all give you a solid opportunity to begin your career in finance. 

For more insights into your job opportunities with an accounting assistant diploma, check out the degree insights section of our blog. Here you’ll find a wealth of information to help prepare you for a successful future. 

While these projections can help career-minded people evaluate potential employment fields, it is important to note that job market data from the US Bureau of Labor Statistics Occupational Handbook is only intended to provide insight on occupational opportunities. It should not be construed as a guarantee of salary or job title. Neither BLS nor Bryant & Stratton College can guarantee employment in any field.

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