Supervisors - finance and insurance office workers

Supervisors - finance and insurance office workers

NOC
12011

- Supervisors, finance and insurance office workers

oversee and coordinate the activities of office workers in financial services, such as accounting, payroll, banking, insurance, and collections.

Quick facts

3-Year Outlook

Good
Good

3-Year Job Openings

60
 

Median Hourly Wage

$24.10
$14.90
Low
$38.46
High

Average Salary

$69,500
 

Typically Required

College or apprenticeship

Employed

344
 
Job details

Full NOC Description

Supervisors of finance and insurance office workers supervise and coordinate the activities of workers in the following unit groups: Payroll administrators (13102), Accounting and related clerks (14200), Banking, insurance and other financial clerks (14201) and Collection clerks (14202). They are employed by banks and other financial institutions, insurance companies, and by other establishments throughout the public and private sectors.

Main Duties

This group performs some or all of the following duties:
 

  • Implement efficient working processes and coordinate, assign and review the work of clerks engaged in the following duties:
    administering accounts payable and receivable; processing, verifying and recording financial documents and forms; administering payrolls; processing, verifying and recording insurance claims and forms; and collecting user fees and payments on overdue accounts
  • Examine and verify accuracy of work and authorize routine payments, credits and other transactions
  • Establish work schedules and procedures and coordinate activities with other work units or departments
  • Resolve work-related problems and prepare and submit progress and other reports
  • Identify training needs and train workers in job duties and company policies
  • Requisition supplies and materials
  • Ensure smooth operation of computer systems and equipment and arrange for maintenance and repair work
  • May perform the same duties as workers supervised.

Also Known As

  • accounts payable supervisor
  • accounts receivable supervisor
  • bank clerks supervisor
  • billing supervisor
  • bookkeeping supervisor
  • claims adjusters supervisor
  • collection supervisor
  • credit supervisor
  • payroll supervisor
  • supervisor of accounting
Requirements

Employment Requirements

  • Completion of a college program or courses in bookkeeping, accounting or a related subject is required.
  • Experience in the clerical occupation supervised is required.

Provincial Regulation

Not Provincially Regulated

Employment by Sex

The following graph shows the percentage of men and women working in this occupation in New Brunswick.

Data legend

78.1%
Female
21.9%
Male
Employment by age

The following graph shows the breakdown of all persons working in this occupation in New Brunswick by age group.

Data legend

5.5%
15-24
15.1%
25-34
26.0%
35-44
30.1%
45-54
20.5%
55-64
2.7%
65+
Employment by highest level of education

The following graph shows the breakdown of all persons working in this occupation in New Brunswick by highest level of education achieved.

Data legend

2.7%
No Certificate, Diploma or Degree
20.5%
High School, Diploma or Equivalent
5.5%
Apprenticeship or Trades Certificate or Diploma
39.7%
College or University Below Bachelor Level
31.5%
University - Bachelor Level or Above
Employment by Industry

The following graph shows the industry groups in which the largest shares of persons working in this occupation in New Brunswick are employed. Small percentages for all top three industry groups may suggest employment for this occupation is widely distributed amongst many industry groups.

Data legend

38.4%
Finance and insurance
16.4%
Professional, scientific and technical services
11.0%
Manufacturing
34.2%
All Other Industries
Employment by Economic Regions

The following graph shows the breakdown of all persons employed in this occupation in New Brunswick by which economic region they reside in.

Data legend

11.00%
Northeast
49.30%
Southeast
27.40%
Southwest
6.80%
Central
5.50%
Northwest
Province of New Brunswick Economic Regions

Economic Regions

The following map displays New Brunswick’s five economic regions. An economic region (ER) is a grouping of counties, created as a standard unit for analysis of regional economic activity across Canada.

Annual Average Salary by Economic Regions

The following graph shows the average salary of all persons employed in this occupation in each of New Brunswick’s five economic regions.

Data legend

$64,000
Northeast
$70,000
Southeast
$70,000
Southwest
N/A
Central
N/A
Northwest
Province of New Brunswick Economic Regions

Economic Regions

The following map displays New Brunswick’s five economic regions. An economic region (ER) is a grouping of counties, created as a standard unit for analysis of regional economic activity across Canada.

Hourly Median Wages by Economic Regions

The following represents the median hourly wage of all persons employed in this occupation in each of New Brunswick’s five economic regions.

Northeast

$24.10
$14.90
Low
$38.46
High

Southeast

$25.00
$22.50
Low
$47.18
High

Southwest

$24.10
$14.90
Low
$38.46
High

Central

$24.10
$14.90
Low
$38.46
High
No Data Available
Salary

The following shows the average salary of everyone who worked full-time and year-round in this occupation across each of the Atlantic Provinces and nationally.

New Brunswick

$69,500

Newfoundland

$69,000

Prince Edward Island

$56,000

Nova Scotia

$64,000

Canada

$73,900
Employment Outlook

The following represents the number of job openings that are expected to occur in this occupation over the next three and ten years respectively, broken down by openings expected to result from growth (“new jobs”) and openings expected to result from attrition (death and retirements).

Three Year Outlook

Total Openings: 3-Year

60
 

New Jobs: 3-Year

22
 

Retirements/Deaths: 3-Year

36
 

Ten Year Outlook

Total Openings: 10-Year

190
 

New Jobs: 10-Year

48
 

Retirements/Deaths: 10-Year

141