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What They Do
About This Career
Receives and pays out money. Keeps records of money and negotiable instruments involved in a financial institution's various transactions.
This career is part of the Finance cluster Banking Services pathway.
A person in this career:
- Balances currency, coin, and checks in cash drawers at ends of shifts and calculates daily transactions, using computers, calculators, or adding machines.
- Receives checks and cash for deposit, verifies amounts, and checks accuracy of deposit slips.
- Cashes checks and pays out money after verifying that signatures are correct, that written and numerical amounts agree, and that accounts have sufficient funds.
- Monitors bank vaults to ensure cash balances are correct.
- Counts currency, coins, and checks received, by hand or using currency-counting machine, to prepare them for deposit or shipment to branch banks or the Federal Reserve Bank.
- Enters customers' transactions into computers to record transactions and issues computer-generated receipts.
- Examines checks for endorsements and to verify other information, such as dates, bank names, identification of the persons receiving payments, and the legality of the documents.
- Prepares and verifies cashier's checks.
- Resolves problems or discrepancies concerning customers' accounts.
- Processes transactions, such as term deposits, retirement savings plan contributions, automated teller transactions, night deposits, and mail deposits.
Working Conditions and Physical Demands
People who do this job report that:
- You would sit most of the time. There's some walking and standing. You may have to lift and carry things like books, papers or tools weighing 10 lbs. or less.
- Work in this occupation involves using your hands to hold, control, and feel objects more than one-third of the time
- Work in this occupation requires being inside most of the time
- Work in this occupation involves making repetitive motions more than one-third of the time
Working in this career involves (physical activities):
- Seeing clearly up close
- Speaking clearly enough to be able to be understood by others
- Identifying and understanding the speech of another person
Work Hours and Travel
Specialty and Similar Careers
Careers that are more detailed or close to this career:
- Account Representative
- Customer Relationship Specialist
- Customer Service Associate (CSA)
- Member Services Representative
- Personal Banking Representative
- Roving Teller
- Teller
- Branch Operations Specialist
- Financial Services Representative (FSR)
Every year the U.S. Department of Labor conducts national surveys of wage data by occupation in every state and in all industry divisions. These surveys are conducted through the Occupational Employment Statistics (OES) program.
The statistics collected for one year are published the next fall. For example, 2013 wage information was published in the fall of 2014.
There are over 800 occupations in the surveys, and these occupations cover the entire U.S. labor market. The surveys ask for reports in a scale of ranges for both hourly wages and annual wages.
In many cases, these occupations are broad enough to cover many more detailed specialties of an occupation. A specific occupation may be included in a broader occupational category for which labor market data is available. When you look at the statistics for a broad category, be aware that the salary data for a specific career may differ.
For more details about how wage information is collected and calculated by the U.S. Department of Labor, visit their website at http://www.bls.gov/bls/blswage.htm.
Every year the U.S. Department of Labor conducts a national survey of over 400,000
employers in every state and in all industry divisions. This survey is conducted
through the Occupational Employment Statistics (OES) program. Every other year the
department publishes outlook information based on these surveys.
Each outlook period covers 10 years. For example, in 2003 the outlook information
was published for 2004-2014. Employers are asked to report the number of employees
in about 770 different occupations that cover the entire U.S. labor market.
From this information, staffing patterns for different industries are established.
Industry growth is projected into the future based on past trends and current economic
conditions. Industry staffing patterns are then applied to the industry projections
to obtain occupational projections.
In many cases, these occupations are broad enough to cover many more detailed specialties
of an occupation. A specific occupation may be included in a broader occupational
category for which labor market data is available. When you look at the statistics
for a broad category, be aware that the employment data for a specific field may
differ.
For more details about how employment information is collected and calculated by
the U.S. Department of Labor, visit their website at http://stats.bls.gov/news.release/ocwage.tn.htm.
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