National Application Center :: career details :: Brokerage Clerks
Career Details :: Brokerage Clerks
Description
Perform clerical duties involving the purchase or sale of securities. Duties include writing orders for stock purchases and 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.
Experience
Some previous work-related skill, knowledge, or experience may be helpful in these occupations, but usually is not needed. For example, a drywall installer might benefit from experience installing drywall, but an inexperienced person could still learn to be an installer with little difficulty.
Education
These occupations usually require a high school diploma and may require some vocational training or job-related course work. In some cases, an associate's or bachelor's degree could be needed.
Training
Employees in these occupations need anywhere from a few months to one year of working with experienced employees.
Tasks
- Records and documents security transactions, such as purchases, sales, conversions, redemptions, and payments, using computers, accounting ledgers, and certificate records.
- Computes total holdings, dividends, interest, transfer taxes, brokerage fees, and commissions and allocates appropriate payments to customers.
- Prepares forms, such as receipts, withdrawal orders, transmittal papers, and transfer confirmations, based on transaction requests from stockholders.
- Monitors daily stock prices and computes fluctuations to determine the need for additional collateral to secure loans.
- Corresponds with customers and confers with coworkers to answer inquiries, discuss market fluctuations, and resolve account problems.
- Schedules and coordinates transfer and delivery of security certificates between companies, departments, and customers.
- Prepares reports summarizing daily transactions and earnings for individual customer accounts.
- Files, types, and operates standard office machines.
- Verifies ownership and transaction information and dividend distribution instructions to ensure conformance with governmental regulations, using stock records and reports.
Related Careers
- Billing, Cost, and Rate Clerks
- Bookkeeping, Accounting, and Auditing Clerks
- Loan Interviewers and Clerks
- New Accounts Clerks
- Order Clerks
- Tellers
Important Abilities
General Work Activities
- Getting Information Needed to Do the Job
- Identifying Objects, Actions, and Events
- Communicating With Persons Outside Organization
- Communicating With Other Workers
- Processing Information
Important Skills
Frequent Work Context
- Consequence of Error
- Frustrating Circumstances
- Importance of Being Sure All Is Done
- Importance of Being Aware of New Events
- Job-Required Social Interaction
