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If you’ve ever walked into a bank or credit union to open an account or discuss your savings options, you’ve probably spoken to a new account clerk. These professionals help new customers understand and utilize the offerings at various financial institutions. If you have a natural aptitude for math, strong organizational and communication skills, and an interest in finance, this career might be a good fit for your interests and talents. Read on to learn more about what new account clerks do and how you can become one.
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.
According to the Bureau of Labor Statistics, job opportunities for new account clerks will decrease by 6 percent between 2016 and 2026. This is due in large part to the wide availability of online account management tools. Customers no longer need to work with a live account clerk to open a bank account, and many now choose to use automated services to do so.
However, brick and mortar financial institutions will continue to have a need for new account clerks as well as other similar financial professionals. With a background as a new account clerk, you could easily transition into another role. The job growth for financial clerks is anticipated to be 9 percent over the same decade. Employment opportunities will increase by 11 percent for insurance claims and policy processing clerks, 12 percent for loan interviewers and clerks, and 14 percent for billing and posting clerks.
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.
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.
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:
These positions will all give you a solid opportunity to begin your career in finance.
Please note that data provided by the Bureau of Labor Statistics is for informational purposes only. This is not intended as a guarantee of employment or job opportunities. However, you can use this information to give you a general understanding of the anticipated growth in this area.
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.