WHAT IS A RECONCILIATION CLERK AND HOW TO BECOME ONE
A reconciliation clerk is responsible for preparing financial records, processing payments, and checking the accuracy of inventory. They handle various administrative tasks like checking availability of inventory, conducting physical cycle counts, and preparing and issuing override commissions. They also handle wire transfers, internal auditing, data entry, and customer service. Additionally, they perform copy and scanning duties for audits, reconcile automated and depository bank accounts, and maintain all financial transactions. They also prepare and issue refund checks and bill with the use of specific systems.
How Long Does It Takes To Become A Reconciliation Clerk?
It typically takes 2-3 years to become a reconciliation clerk:
- Year 1: Accumulating the necessary work experience in basic clerical, administrative, or customer service tasks.
- Year 2-3: Continuing to gain experience in tasks related to financial record keeping and reconciliation, such as preparing and verifying financial reports and documents, checking figures, postings, and documents for correct entry, mathematical accuracy, and proper codes.
- Salary$31,698
- Growth Rate-5%
- Jobs Number66,942
- Most Common SkillReconciliations
- Most Common DegreeBachelor's degree
- Best StateAlaska
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RECONCILIATION CLERK CAREER PATHS
A reconciliation clerk's responsibilities can lead to several career opportunities. They can advance to become accounts receivable clerks, accountants, or accounting managers. They can also work as staff accountants or senior accountants, or even become assistant controllers. In addition, they can pursue roles such as senior finance analysts, manager finance planning and analysis, or corporate controllers.
RECONCILIATION CLERK
KEY STEPS TO BECOME A RECONCILIATION CLERK
Explore Reconciliation Clerk Education Requirements
The educational requirements for a reconciliation clerk typically include a high school diploma, although some positions may require a certificate or an associate's degree. According to Qian Song Ph.D., Associate Professor of Accounting at Rochester Institute of Technology's Saunders College of Business, "Certifications in data analytics and other technological skills are expected to have the biggest impact on future job prospects." This suggests that pursuing additional certifications or coursework in data analytics could potentially enhance a reconciliation clerk's career prospects.
Start To Develop Specific Reconciliation Clerk Skills
A reconciliation clerk's responsibilities include processing payments, conducting audits, updating customer demographics, maintaining financial records, and providing customer service. They also reconcile automated and depository bank accounts, conduct physical cycle counts of inventory, and utilize software to enter accounts into a general ledger system. They must adhere to corporate standards and procedures, while also investigating and resolving account balance discrepancies. They also perform general office duties, such as filing and answering telephones.
Skills 
Percentages Complete Relevant Reconciliation Clerk Training And Internships
Accountants spend an average of 1-3 months on post-employment, on-the-job training. New reconciliation clerks learn the skills and techniques required for their job and employer during this time. The chart below shows how long it takes to gain competency as a reconciliation clerk based on U.S. Bureau of Labor Statistics data and data from real reconciliation clerk resumes.Research Reconciliation Clerk Duties And Responsibilities
- Manage finance operations of assign USPS location.
- Prepare monthly journal entries and reconciliations using computerize spreadsheets for balance sheet and income statement accounts.
- Switch all paper checks to EFT's.
- Start in the lockbox department.
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