Brokerage Clerks

Finance > Securities & Investments

Projected Growth: Average

6200+
Projected Job Openings

Medium Preparation Needed

Job Description

Your job is to Perform duties related to the purchase, sale or holding of securities. Duties include writing orders for stock purchases or sales, computing transfer taxes, verifying stock transactions, accepting and delivering securities, tracking stock price fluctuations, computing equity, distributing dividends, and keeping records of daily transactions and holdings.

Common job titles of Brokerage Clerks include:
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Experience and Education

Previous work-related skill, knowledge, or experience is required for these occupations. For example, an electrician must have completed three or four years of apprenticeship or several years of vocational training, and often must have passed a licensing exam, in order to perform the job.

  • 38.23% said they needed a Bachelor's Degree.

  • 29.13% said they needed a High School Diploma.

Tasks & Responsibilities

Wondering what Brokerage Clerks REALLY do throughout a day at work? Perhaps you should know what you’ll be doing all day before pursuing a career. So here are some tasks that Brokerage Clerks can be found doing during the work day. Hover over each task for information about relevance and importance. Scroll further to find a list of other careers that have similar tasks.


Essential Tasks

    Correspond with customers and confer with coworkers to answer inquiries, discuss market fluctuations, or resolve account problems.

    Document security transactions, such as purchases, sales, conversions, redemptions, or payments, using computers, accounting ledgers, or certificate records.

    Prepare forms, such as receipts, withdrawal orders, transmittal papers, or transfer confirmations, based on transaction requests from stockholders.

    Perform clerical tasks, such as answering phones or distributing mail.

    File, type, or operate standard office machines.

    Prepare reports summarizing daily transactions and earnings for individual customer accounts.

    Schedule and coordinate transfer and delivery of security certificates between companies, departments, and customers.

    Compute total holdings, dividends, interest, transfer taxes, brokerage fees, or commissions and allocate appropriate payments to customers.

    Verify ownership and transaction information and dividend distribution instructions to ensure conformance with governmental regulations, using stock records and reports.

    Monitor daily stock prices and compute fluctuations to determine the need for additional collateral to secure loans.


Regular Tasks


Occasional Tasks

What Tools and Technologies do Brokerage Clerks use?

The future of work is gonna be… techy🤖. No matter the career path, you’ll have to understand what the experts use to get the job done. Employers want to see practical experience with these tools and technologies. Use these lists to figure out what tools you need to learn and see trends about up and coming tech. Scroll further to find a list of other careers that use similar tools.

Tools

Personal computers

Multi-line telephone systems

Desktop computers

10-key calculators

Technologies

Adobe Systems Adobe Illustrator

Adobe Systems Adobe InDesign

Salesforce software

Account management software

Adobe Systems Adobe Dreamweaver

Bloomberg Professional

HEAT Software GoldMine

All Technologies

Instant messaging software

Online trading software

Royal Alliance VISION2020 Core

Transaction processing software

WiredRed Software e/pop Basic

What Skills Do Brokerage Clerks Need to Have?

Let’s be real… take a look in the mirror! Do you have the what it takes to join the other Brokerage Clerks? The Skills? The Ability to succeed? If so, and you enjoy using these skills, then this job is for you. If not, GOOD NEWS, you can always pick up a new skill if you’re willing to put in the effort 💪

Skills

Active Listening

Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.

Speaking

Talking to others to convey information effectively.

Reading Comprehension

Understanding written sentences and paragraphs in work related documents.

Time Management

Managing one's own time and the time of others.

Critical Thinking

Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.

Writing

Communicating effectively in writing as appropriate for the needs of the audience.

Monitoring

Monitoring/Assessing performance of yourself, other individuals, or organizations to make improvements or take corrective action.

Mathematics

Using mathematics to solve problems.

Active Learning

Understanding the implications of new information for both current and future problem-solving and decision-making.

Social Perceptiveness

Being aware of others' reactions and understanding why they react as they do.

Service Orientation

Actively looking for ways to help people.

Judgment and Decision Making

Considering the relative costs and benefits of potential actions to choose the most appropriate one.

Abilities

Cognitive Abilities › Verbal Abilities › Oral Expression

Communicate information and ideas in speaking so others will understand.

Everything Brokerage Clerks Should Know…

Brokerage Clerks typically have vast knowledge of the subjects below. Think about this a lot… if you’re not a fan of the subjects, chances are this career isn’t for you. But, there’s plenty of time to learn and continue to learn throughout your career 🎓

Knowledge

English Language

Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.

Mathematics

Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.

Computers and Electronics

Knowledge of circuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming.

Economics and Accounting

Knowledge of economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data.

Clerical

Knowledge of administrative and clerical procedures and systems such as word processing, managing files and records, stenography and transcription, designing forms, and other office procedures and terminology.

Real People, Real Stories


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