Supervisors of finance and insurance office workers

Supervisors of finance and insurance office workers

NOC
1212

- Supervisors, finance and insurance office workers

Oversee and co-ordinate 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

55
 

Median Hourly Wage

$25.71
$18.00
Low
$38.00
High

Median Salary

$54,509
 

Typically Required

College or apprenticeship

Employed

442
 

% Working Full Time

99%
 

% Working Full Year

86%
 
Job details

Full NOC Description

Supervisors in this unit group supervise and co-ordinate the activities of workers in the following unit groups: Accounting and Related Clerks (1431), Payroll Clerks (1432), Banking, Insurance and Other Financial Clerks (1434) and Collectors (1435). They are employed by banks and other financial institutions, insurance companies, and by other establishments throughout the private and public sectors.

Main Duties

Supervisors in this unit group perform some or all of the following duties:

  • Implement efficient working processes and co-ordinate, 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 co-ordinate 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

71.1%
Female
28.9%
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

0.0%
15-24
14.8%
25-34
29.6%
35-44
34.6%
45-54
21.0%
55-64
0.0%
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

3.6%
No Certificate, Diploma or Degree
16.9%
High School, Diploma or Equivalent
4.8%
Apprenticeship or Trades Certificate or Diploma
55.4%
College or University Below Bachelor Level
19.3%
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

25.8%
Finance and insurance
14.6%
Public administration
9.0%
Transportation and warehousing
50.6%
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

15.90%
Northeast
41.50%
Southeast
18.30%
Southwest
19.50%
Central
4.90%
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 Median Salary by Economic Regions

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

Data legend

$55,079
Northeast
$61,265
Southeast
$53,084
Southwest
$54,483
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

$25.71
$20.00
Low
$31.28
High
No Data Available

Southwest

$25.71
$18.00
Low
$38.00
High

Central

$25.40
$11.70
Low
$30.77
High

Northwest

$23.08
$20.00
Low
$38.00
High
Salary

This following represents the median salary of all persons employed in this occupation compared to the median salary of workers employed in this occupation that work full-time year-round.

All Workers Employed in this Occupation

$54,509

Workers Employed Full-time, Full-year

$56,266

This following represents the median salary of persons employed in this occupation across each of the Atlantic Provinces and nationally.

New Brunswick

$54,509

Newfoundland

$57,306

Prince Edward Island

$51,121

Nova Scotia

$52,797

Canada

$58,477
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

55
 

New Jobs: 3 Year

0
 

Retirements/Deaths: 3 Year

55
 

Ten Year Outlook

Total Openings: 10 Year

191
 

New Jobs: 10 Year

2
 

Retirements/Deaths: 10 Year

189