Brokerage Clerks

Course Advisor; United States; On-site; USD 34,670 - 76,550; Full time

Job summary

Course Advisor is looking for a Brokerage Clerk to perform tasks related to the purchase, sale, and holding of securities. Responsibilities include verifying transactions, monitoring stock prices, and preparing reports for customer accounts. The role requires strong attention to detail and effective communication skills. With around 60,400 jobs in the U.S. and expected growth, this position offers great career opportunities. The average yearly salary ranges from $34,670 to $76,550 depending on location and experience.

Qualifications

• Giving full attention to what others are saying and asking questions as appropriate.
• Talking to others to convey information effectively.
• Understanding written sentences and paragraphs in work-related documents.
• Managing one's own time and the time of others.
• Using logic and reasoning to identify alternative solutions.
• Communicating effectively in writing.

Responsibilities

• Compute total holdings, dividends, interest, and allocate appropriate payments.
• File, type, or operate standard office machines.
• Monitor daily stock prices and compute fluctuations.
• Verify ownership and transaction information for compliance.
• Prepare reports summarizing daily transactions.

Skills

Active Listening

Speaking

Reading Comprehension

Time Management

Critical Thinking

Writing

Tools

Microsoft Excel

Microsoft Word

Microsoft Office

Data entry software

Structured query language SQL

Job description

Brokerage Clerk

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.

Brokerage Clerk Responsibilities

• Compute total holdings, dividends, interest, transfer taxes, brokerage fees, or commissions and allocate appropriate payments to customers.
• File, type, or operate standard office machines.
• Monitor daily stock prices and compute fluctuations to determine the need for additional collateral to secure loans.
• Verify ownership and transaction information and dividend distribution instructions to ensure conformance with governmental regulations, using stock records and reports.
• 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.

Qualities of a Brokerage Clerk

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.

Other Brokerage Clerk Job Titles

• Client Administrator
• Brokerage Agent
• Client Associate
• Operations Representative
• Quotation Checker

What Kind of Brokerage Clerk Job Opportunities Are There?

In 2016, there was an estimated number of 60,400 jobs in the United States for Brokerage Clerk. New jobs are being produced at a rate of 5% which is below the national average. The Bureau of Labor Statistics predicts 3,000 new jobs for Brokerage Clerk by 2026. There will be an estimated 6,600 positions for Brokerage Clerk per year.

The states with the most job growth for Brokerage Clerk are North Dakota, Arizona, and Missouri. Watch out if you plan on working in New Jersey, Maine, or Massachusetts. These states have the worst job growth for this type of profession.

How Much Does a Brokerage Clerk Make?

The average yearly salary of a Brokerage Clerk ranges between $34,670 and $76,550.

Brokerage Clerks who work in New York, Connecticut, or New Jersey, make the highest salaries.

How much do Brokerage Clerks make in each U.S. state?

State Annual Mean Salary

• Alabama $50,410
• Alaska $50,050
• Arizona $49,320
• Arkansas $48,370
• California $58,130
• Colorado $55,570
• Connecticut $60,400
• Delaware $57,300
• District of Columbia $56,570
• Florida $51,360
• Georgia $50,670
• Hawaii $47,530
• Idaho $45,260
• Illinois $55,860
• Indiana $47,620
• Iowa $47,180
• Kansas $51,050
• Kentucky $44,850
• Louisiana $43,750
• Maine $55,650
• Maryland $57,330
• Massachusetts $56,950
• Michigan $50,650
• Minnesota $49,710
• Mississippi $43,870
• Missouri $45,430
• Montana $42,500
• Nebraska $45,250
• Nevada $46,780
• New Hampshire $53,800
• New Jersey $59,240
• New Mexico $50,510
• New York $67,730
• North Carolina $50,670
• North Dakota $47,230
• Ohio $47,710
• Oklahoma $52,630
• Oregon $54,340
• Pennsylvania $52,070
• Rhode Island $51,100
• South Carolina $50,840
• South Dakota $43,180
• Tennessee $49,330
• Texas $52,060
• Utah $51,600
• Vermont $59,590
• Virginia $48,950
• Washington $56,070
• West Virginia $43,200
• Wisconsin $48,140
• Wyoming $40,140

What Tools do Brokerage Clerks Use?

Below is a list of the types of tools and technologies that Brokerage Clerks may use on a daily basis:

• Microsoft Excel
• Microsoft Word
• Microsoft Office
• Microsoft PowerPoint
• Microsoft Outlook
• Web browser software
• Microsoft Access
• Data entry software
• Word processing software
• Adobe Acrobat
• Spreadsheet software
• Microsoft SharePoint
• Adobe Photoshop
• Structured query language SQL
• Microsoft Dynamics
• Adobe Illustrator
• Adobe InDesign
• Oracle PeopleSoft
• Scheduling software
• Adobe Dreamweaver