Home » Occupational Profiles » 12011 – Supervisors, finance and insurance office workers

Supervisors, finance and insurance office workers – 12011

Description

Supervisors of finance and insurance office workers supervise and coordinate the activities of workers in the following unit groups: Payroll administrators (13.102), Accounting and related clerks (14.200), Banking, insurance and other financial clerks (14.201) and Collection clerks (14.202). They are employed by banks and other financial institutions, insurance companies, and by other establishments throughout the private and public sectors.

Job Titles

  • 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

Main 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.

Workplaces

  • Banks
  • Establishements throughout the private and public sector
  • Insurance companies
  • Other financial institutions

Skills

  • Coordinating
  • Instructing
  • Management of Personnel Resources
  • Monitoring
  • Numeracy

Abilities

  • Mathematical Reasoning
  • Numerical Ability
  • Categorization Flexibility
  • Deductive Reasoning
  • Fluency of Ideas

Personal Attributes

  • Attention to Detail
  • Active Learning
  • Adaptability
  • Analytical Thinking
  • Collaboration

Similar Occupations

  • Financial managers (10010)
  • Other financial officers (11109)
  • Financial advisors (11102)
  • Customer and information services supervisors (62023)
Source: OaSIS

Employment Outlook

The employment outlook will be moderate for Supervisors, finance and insurance office workers (12011) in Prince Edward Island for the 2022-2024 period.

The following factors contributed to this outlook:

  • Employment growth will lead to a moderate number of new positions.
  • Not many positions will become available due to retirements.
  • There are a small number of unemployed workers with recent experience in this occupation.

Here are some key facts about Supervisors, finance and insurance office workers in Prince Edward Island:

  • Approximately 50 people worked in this occupation in May 2021.
  • Supervisors, finance and insurance office workers mainly work in the following sectors:
    • Federal government public administration (NAICS 911): 51%
    • Monetary Authorities – central bank and securities, commodity contracts and other intermediation and related activities (NAICS 521, 522, 523): 49%
  • The gender distribution of people in this occupation is:
    • Men: 43% compared to 51% for all occupations
    • Women: 56% compared to 49% for all occupations
  • The educational attainment of workers in this occupation is:
    • no high school diploma: n/a
    • high school diploma or equivalent: 20% compared to 28% for all occupations
    • apprenticeship or trades certificate or diploma: n/a
    • college certificate or diploma or university certificate below bachelor’s: 50% compared to 25% for all occupations
    • bachelor’s degree: 30% compared to 17% for all occupations
    • university certificate, degree or diploma above bachelor level: n/a
Source: Job Bank

Prevailing Wages

AREALOWMEDIANHIGH
PEI$20.51$35.90$49.23
Canada$20.67$32.22$52.20
Source: Labour Force Survey (2022)

Training

There are no known training programs for this occupation in PEI. If you are aware of a local training program, please contact us.

View the full occupational profile with details on work characteristics, interests, employment requirements and more on the Occupational and Skills Information System (OaSIS) website.

There are currently no job listings for this occupation on WorkPEI.

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