What Do Brokerage Clerks Do: Job Description, Responsibilities and Duties

Stanley TanLeave a Comment



daily life of a Brokerage Clerk
are Brokerage Clerks happy with their job

Brokerage Clerks

Other names for this job might include Account Administrator, Broker Assistant, Brokerage Purchase-and-Sale Clerk, Client Associate, Client Service Associate, Client Service Representative, Commodities Clerk, Coupon Clerk, Dividend Clerk, Information Clerk Brokerage


  • $51640
    Salary
  • 59%
    Job satisfaction
  • Medium
    Becoming one
  • Low
    Job growth
OwlGuru Rank

C



Being A Brokerage Clerk: What You Really Do


In this job description guide, you will find out what do Brokerage Clerks do and what is their typical work day like.

After reading this, you will have a much better idea on whether you will like working as a Brokerage Clerk or not.



Job summary

Brokerage Clerks 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.

We asked Brokerage Clerks how satisfied they are with their job. Here is what they said.

Job satisfaction

59%

How meaningful is this job

27%


59% of them said they were satisfied with their job and 27% said they find that their job makes the world a better place or helps to make someone else’s life better.



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Typical day

On a daily basis, Brokerage Clerks Correspond with customers and confer with coworkers to answer inquiries, discuss market fluctuations, or resolve account problems. They Schedule and coordinate transfer and delivery of security certificates between companies, departments, and customers.

1 of the main responsibilities as A Brokerage Clerk is to Prepare forms, such as receipts, withdrawal orders, transmittal papers, or transfer confirmations, based on transaction requests from stockholders.

Some may also File, type, or operate standard office machines.

In a normal work day, another thing that Brokerage Clerks do is they Monitor daily stock prices and compute fluctuations to determine the need for additional collateral to secure loans.

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

A typical day for A Brokerage Clerk look like this:

Confer with coworkers to coordinate work activities.
Respond to customer problems or complaints.
Schedule operational activities.
Coordinate operational activities.
Prepare documentation for contracts, transactions, or regulatory compliance.

We asked some Brokerage Clerks a few questions to find out what else does their work day look like. Here is what we found.

Do you have telephone conversations everyday in this job?100% said yes
Do you have to use email everyday in this job?100% said yes
How important is it to work in a team in this job?68% said very important
Do you have group discussions everyday in this job?67% said yes
Do you have to meet strict deadlines everyday in this job?70% said yes
Do you talk or work with customers everyday in this job?71% said yes
Do you have to deal with angry customers everyday in this job?4% said yes
Do you have to make decisions everyday in this job?57% said yes



Other responsibilities




Working life

Working hours

40 hours per week

Working schedule

Regular (Set schedule and routine)


In a typical work week as A Brokerage Clerk, you can expect to work 40 hours per week.

Do Brokerage Clerks work in an office-style work environment?

Everyday
88.47%

Once a week
0%

Once a month
0%

Once a year
0%

Never
11.53%

Do Brokerage Clerks work in a warehouse-style work environment?

Everyday
0%

Once a week
0%

Once a month
0%

Once a year
0%

Never
100%

Do Brokerage Clerks work outdoors?

Everyday
0%

Once a week
0%

Once a month
0%

Once a year
0%

Never
100%



Is this right for me

Best personality for this career

The Organizers and The Persuaders


You can read more about these career personality types here.

You will like this career if you are someone who likes following set procedures and routines. They like working with data and details more than with ideas.

You also like starting up and carrying out projects. They like leading people and making many decisions. Sometimes they require risk taking and often deal with business.



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Rank: C+
Salary: $38070

They compute, classify, and record numerical data to keep financial records complete. Perform any combination of routine calculating, posting, and verifying duties to obtain primary financial data for use in maintaining accounting records. May also check the accuracy of figures, calculations, and postings pertaining to business transactions recorded by other workers.
Rank: C
Salary: $38120

They interview loan applicants to elicit information; investigate applicants’ backgrounds and verify references; prepare loan request papers; and forward findings, reports, and documents to appraisal department. Review loan papers to ensure completeness, and complete transactions between loan establishment, borrowers, and sellers upon approval of loan.
Rank: C+
Salary: $43870

They prepare tax returns for individuals or small businesses.
Rank: B
Salary: $56890

They determine tax liability or collect taxes from individuals or business firms according to prescribed laws and regulations.
Rank: B
Salary: $53590

They provide high-level administrative support by conducting research, preparing statistical reports, handling information requests, and performing clerical functions such as preparing correspondence, receiving visitors, arranging conference calls, and scheduling meetings. May also train and supervise lower-level clerical staff.






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Career type

Office and Administration
Business Financial Management and Accounting
Financial and Investment Planning

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Learn more about Brokerage Clerks

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Salary
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Is This Right For Me

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Related to Brokerage Clerks Job Description

Brokerage Clerks job description, what do Brokerage Clerks do, typical day for Brokerage Clerks, what is it like to work as a Brokerage Clerk, how many hours do Brokerage Clerks work, day to day work of a Brokerage Clerk

Additional resources

http://www.bls.gov/OOH/office-and-administrative-support/financial-clerks.htm
http://www.aba.com/
https://www.mba.org/

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Brokerage Clerks
Written by: Stanley Tan
Brokerage Clerks 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.
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