NOC 14201: Banking, insurance and other financial clerks

Is this your code?

Banking, insurance and other financial clerks compile, process and maintain banking, insurance and other financial information. They are employed by banks, credit companies, private and public insurance establishments, investment firms and other financial establishments throughout the private and public sectors.

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 purchase, 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.

What this code means for Express Entry

Check your eligibility with this code → Find pathways for this occupation

The code is carried into every tool on this site, so you only enter it once.

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.

Good to know

• Progression to supervisory positions is possible with experience.

Codes in the same group

Official sources

• noc.esdc.gc.caNOC 2021 Version 1.0: 14201 Banking, insurance and other financial clerks
• statcan.gc.caStatistics Canada: National Occupational Classification (NOC) 2021 Version 1.0
• canada.caIRCC: Find your National Occupational Classification (NOC)
• canada.caIRCC: Express Entry, who can apply