What Do Brokerage Clerks Do (including Their Typical Day At Work)

Job Description

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

Other tasks include:

• Document security transactions, such as purchases, sales, conversions, redemptions, or payments, using computers, accounting ledgers, or certificate records.
• File, type, or operate standard office machines.
• Schedule and coordinate transfer and delivery of security certificates between companies, departments, and customers.
• Monitor daily stock prices and compute fluctuations to determine the need for additional collateral to secure loans.
• Perform clerical tasks, such as answering phones or distributing mail.
• Verify ownership and transaction information and dividend distribution instructions to ensure conformance with governmental regulations, using stock records and reports.

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

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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.

Typical Day At Work

On a daily basis, Brokerage Clerks document security transactions, such as purchases, sales, conversions, redemptions, or payments, using computers, accounting ledgers, or certificate records. They perform clerical tasks, such as answering phones or distributing mail.

A typical day for a Brokerage Clerk will also include:

• File, type, or operate standard office machines.
• Verify ownership and transaction information and dividend distribution instructions to ensure conformance with governmental regulations, using stock records and reports.
• Prepare forms, such as receipts, withdrawal orders, transmittal papers, or transfer confirmations, based on transaction requests from stockholders.
• Prepare reports summarizing daily transactions and earnings for individual customer accounts.
• Correspond with customers and confer with coworkers to answer inquiries, discuss market fluctuations, or resolve account problems.

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
	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 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

Besides their typical day, Brokerage Clerks also schedule and coordinate transfer and delivery of security certificates between companies, departments, and customers. They may also prepare reports summarizing daily transactions and earnings for individual customer accounts.

On a weekly to monthly basis, Brokerage Clerks Compute total holdings, dividends, interest, transfer taxes, brokerage fees, or commissions and allocate appropriate payments to customers. They might also Verify ownership and transaction information and dividend distribution instructions to ensure conformance with governmental regulations, using stock records and reports.

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

Although specific duties may vary, many of them Perform clerical tasks, such as answering phones or distributing mail.

To some Brokerage Clerks, it is also their responsibility to Prepare forms, such as receipts, withdrawal orders, transmittal papers, or transfer confirmations, based on transaction requests from stockholders.

Working life

Standard 40 hour work week

Regular schedule like a 9 to 5

In a typical work week as a Brokerage Clerk, you can expect to work 40 hour work week.

Is this right for me

People who are suitable for this job tends to like following set procedures and routines. They like working with data and details more than with ideas..

They 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.

You can read more about these career personality types here.

Explore other careers

http://www.bls.gov/OOH/office-and-administrative-support/financial-clerks.htm

http://www.aba.com/

https://www.mba.org/