14201 - Banking, Insurance, and Other Financial Clerks
Broad Occupation Category
1 - Business, finance, and administration occupations.
TEER
4 - Occupations usually require a secondary school diploma; or several weeks of on-the-job training.
Major group
14 - Administrative and financial support and supply chain logistics occupations.
Sub-major group
142 - Financial, insurance, and related administrative support workers.
Minor group
1420 - Financial, insurance, and related administrative support workers.
Banking, Insurance, and Other Financial Clerks are in high demand throughout Canada’s Banking and Insurance sectors. The demand for skilled workers under this TEER has been rapidly expanding post the pandemic, and this trend is expected to continue over the coming years. Many job opportunities will be available for Banking, Insurance, and Other Financial Clerks in Canada.
The high demand for skilled workers in this field has resulted in competitive salaries and excellent benefits for Banking, Insurance, and Other Financial Clerks that can range from $32,600 to $67,100 per year, depending on experience, location, and specialization, but they tend to be higher than average in this industry.
Banking, Insurance, and Other Financial Clerks Jobs in Canada also offer many opportunities for career advancement in popular employment areas including banks, credit companies, private and public insurance establishments, investment firms, and other financial establishments throughout the private and public sectors. Professionals have numerous opportunities to expand their skills and take on new challenges as Banking, Insurance, and Other Financial Clerks in Canada.
Banking, Insurance, and Other Financial Clerks in Canada can avail of a wide range of benefits, from strong job security to high compensation, a supportive work environment, a direct Canada PR for Banking, Insurance, and Other Financial Clerks pathway, and free healthcare. Canada is known for its welcoming and diverse culture, making it a great place for individuals under this TEER to live and work.
Let us help you Apply for Canada PR as Banking, Insurance, and Other Financial Clerks
Example Titles
Actuarial clerk
Bank clerk
Credit clerk
Dental claims clerk
Dividend calculation clerk
Insurance clerk - financial sector
Insurance rater
Ledger control clerk
Loan clerk - financial sector
Mortgage clerk
Premium rater - insurance
Real estate clerk
Securities clerk - financial sector
Main Duties
This group performs some or all of the following duties:
Bank Clerks
Compile records of deposits, withdrawals, loan and mortgage payments, cheques and purchases, sale and exchange of securities.
Process loan and mortgage applications, loan and mortgage payments, retirement savings plan applications, term deposits, drafts and money orders.
Verify and balance automatic teller machine transactions and ledger entries, calculate service charges and interest payments and notify customers regarding account discrepancies and captured bank cards.
Answer enquiries and provide information on banking products, policies and services.
May sell drafts, money orders, travellers' cheques and foreign currency, rent safety deposit boxes and open and close savings, chequing and other accounts.
Insurance Clerks
Process enrolments, cancellations, claims transactions, policy changes and premium payments.
Review insurance applications and verify insurance coverage, premiums paid and other insurance information.
Calculate insurance premiums, pension benefits and annuity payments.
Compile and maintain claims data, rates and insurance data and records.
Answer enquiries and provide information on insurance products, policies and services.
Other Financial Clerks
Compile and maintain rental, sale and other real estate listings.
Compile and maintain stock, bond and other securities listings.
Sort, verify and process real estate, securities and other financial transactions.
Answer enquiries and reply to correspondence.
Employment Requirements
Completion of secondary school is required.
A business college diploma may be required.
On-the-job training and short-term training courses or programs specific to the financial establishment are usually required.
Salary Prospects
Community/Area
Low ($/hour)
Median ($/hour)
High ($/hour)
Canada
16.92
22.67
34.83
Alberta
17.33
25.00
35.69
British Columbia
16.75
23.90
31.32
Manitoba
14.15
21.54
30.00
New Brunswick
17.31
23.08
42.00
Newfoundland and Labrador
14.50
24.36
26.78
Northwest Territories
N/A
N/A
N/A
Nova Scotia
14.50
20.51
32.31
Nunavut
N/A
N/A
N/A
Ontario
16.98
21.63
38.46
Prince Edward Island
N/A
N/A
N/A
Quebec
18.00
24.00
32.97
Saskatchewan
16.50
22.67
30.77
Yukon Territory
N/A
N/A
N/A
Job Openings - TEER 14201
Over the period 2022-2031, new job openings for Banking, Insurance, and Other Financial Clerks are expected to total 12,900, while 12,700 new job seekers are expected to be available to fill them. Immigrants learning how to get Banking, Insurance, and Other Financial Clerk Jobs in Canada from India can find it relatively easier to land a job under TEER 14201.
