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Automation Risk Analysis

Will “Escrow Closer” be Automated?

Historical Context: Oxford Study (2013)

Ranked #671 of 702. Estimated risk: 98.0%

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AI Exposure Risk

61%

“Escrow Closer” will maybe be replaced by AI.

Based on the cognitive demands, communication requirements, and logical reasoning intrinsic to this occupation according to O*NET data, we project a 61% probability of disruption by generative AI and Large Language Models.

Automation & Robot Risk

32%

“Escrow Closer” will probably not be replaced by robots.

Evaluating the physical dexterity, repetitive motion tasks, and manual labor associated with this role, our analysis indicates a 32% likelihood of substitution by advanced robotics systems.

Personal & Financial Insights

Every occupation has a unique profile. For Bookkeeping, Accounting, and Auditing Clerks, the Bureau of Labor Statistics and O*NET classify the day-to-day work broadly as: Compute, classify, and record numerical data to keep financial records complete. Perform any combination of routine calculating, posting, and verifying duties to obtain primary financial data for use in maintaining accounting records. May also check the accuracy of figures, calculations, and postings pertaining to business transactions recorded by other workers.

Avg. Annual Salary $52,020
Avg. Hourly Wage $25.01
Available Jobs (US) 1,455,770
Job Title & Hierarchy Code (SOC) Bookkeeping, Accounting, and Auditing Clerks #43-3031
Wage vs. National Median
ℹ️

Data is based on the reference occupation: “Bookkeeping, Accounting, and Auditing Clerks”

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Core Skills & Abilities

  • Calculate and prepare checks for utilities, taxes, and other payments.

  • Maintain inventory records.

  • Transfer details from separate journals to general ledgers or data processing sheets.

  • Check figures, postings, and documents for correct entry, mathematical accuracy, and proper codes.

  • Compile statistical, financial, accounting, or auditing reports and tables pertaining to such matters as cash receipts, expenditures, accounts payable and receivable, and profits and losses.

  • Calculate, prepare, and issue bills, invoices, account statements, and other financial statements according to established procedures.

  • Receive, record, and bank cash, checks, and vouchers.

  • Monitor status of loans and accounts to ensure that payments are up to date.

  • Prepare trial balances of books.

  • Perform financial calculations, such as amounts due, interest charges, balances, discounts, equity, and principal.

  • Operate computers programmed with accounting software to record, store, and analyze information.

  • Compare computer printouts to manually maintained journals to determine if they match.

  • Prepare bank deposits by compiling data from cashiers, verifying and balancing receipts, and sending cash, checks, or other forms of payment to banks.

  • Prepare purchase orders and expense reports.

  • Classify, record, and summarize numerical and financial data to compile and keep financial records, using journals and ledgers or computers.

  • Reconcile or note and report discrepancies found in records.

  • Calculate costs of materials, overhead, and other expenses, based on estimates, quotations and price lists.

  • Complete and submit tax forms and returns, workers' compensation forms, pension contribution forms, and other government documents.

  • Compile budget data and documents, based on estimated revenues and expenses and previous budgets.

  • Comply with federal, state, and company policies, procedures, and regulations.

  • Match order forms with invoices, and record the necessary information.

  • Perform general office duties, such as filing, answering telephones, and handling routine correspondence.

  • Debit, credit, and total accounts on computer spreadsheets and databases, using specialized accounting software.

  • Code documents according to company procedures.

  • Prepare and process payroll information.

  • Reconcile records of bank transactions.

  • Access computerized financial information to answer general questions as well as those related to specific accounts.

  • Operate 10-key calculators, typewriters, and copy machines to perform calculations and produce documents.

Technologies & Software

  • Database software
  • Auditing software
  • ATX Total Accounting Office
  • Zapier AI
  • Otter.ai
  • UiPath (RPA + AI)
  • Sage EDP Payroll Tax
  • Records management software
  • Blackbaud The Raiser's Edge
  • Word processing software
  • Financial compliance software
  • Accurate NXG
  • Accounting software
  • Accounts payable software
  • Payroll software
  • Spreadsheet software
  • Microsoft Word
  • Best MIP Fund Accounting
  • Napkin AI
  • Paisley Focus Control Assurance
  • DeepSeek
  • Financial reporting software
  • UA Business Software Professional Edition
  • Microsoft Internet Explorer
  • Activant Solutions Activant Prophet 21
  • Blackbaud The Financial Edge
  • ADP Pay eXpert
  • Microsoft Exchange
  • Google Docs
  • SAP Concur
  • Infor Global Solutions Starbuilder
  • Microsoft Excel
  • Tax software
  • Oracle PeopleSoft
  • Advanced Management Systems Software for Wineries
  • Medical procedure coding software
  • RSM McGladrey Advanced Practice Solutions Paperless Audit
  • Iron Mountain Accutrac records management software
  • Paisley Cardmap
  • Fifth Walk BillingTracker
  • HMS
  • AdaptaSoft CyberPay
  • Oracle Database
  • Fund accounting software
  • Act!
  • Business performance management BPM software
  • Nova (Amazon)
  • BLS Software Invoice!
  • Human resource management software HRMS
  • Oracle Hyperion
  • SAP BusinessObjects Data Integrator
  • CYMA IV Accounting for Windows
  • Oracle E-Business Suite Financials
  • Delphi Technology
  • SAP software
  • Sage 50 Accounting
  • Oracle Fusion Applications
  • Claude (Anthropic)
  • Llama (Meta)
  • PROPHIX Enterprise
  • Oracle JD Edwards EnterpriseOne
  • Microsoft Dynamics GP
  • SAP Crystal Reports
  • RSM McGladrey Auditor Assistant
  • Gemini for Workspace
  • Notion AI
  • Softrax Revenue Management
  • Microsoft Outlook
  • IBM Notes
  • Asset management software
  • Financial statement software
  • Medical condition coding software
  • Gemini (Google)
  • Microsoft Windows
  • Cost accounting software
  • Automation Counselors municiPAL
  • Adobe Acrobat
  • Microsoft SharePoint
  • AcornSystems Corporate Performance Management
  • Dropbox
  • Healthcare common procedure coding system HCPCS
  • Data entry software
  • Cartesis ES Magnitude
  • HCSS HeavyBid
  • IBM Cognos Impromptu
  • FaceTime
  • Customer information control system CICS
  • Mistral (Mistral AI)
  • Skype
  • Microsoft Access
  • Pentana audit work system PAWS
  • ComputerEase construction accounting software
  • Document management system software
  • Kimi (Moonshot AI)
  • ACS Technologies ACS Financial Suite
  • AuditWare financial reporting and auditing software
  • Oracle PeopleSoft Financials
  • NetSuite ERP
  • Paisley AutoAudit
  • Sage 100 Contractor
  • Grammarly AI
  • ATX Total Engagement Office
  • Accounts receivable software
  • Sage 100 ERP
  • FileMaker Pro
  • LexisNexis
  • Microsoft PowerPoint
  • Microsoft Publisher
  • ADP Workforce Now
  • Qwen (Alibaba)
  • Paisley IssueTrack
  • General ledger software
  • OmniRIM Records Management Suite
  • Tumbleweed SecureTransport
  • MethodWare ProAudit Advisor
  • Paisley RiskNavigator
  • Intuit QuickBooks
  • Roundtable Software Advantage Accounting System
  • FlexiFinancials FlexiLedger
  • ChatGPT (OpenAI)
  • AMS Services AMS Sagitta
  • Heron CrossTie General Ledger
  • Grok (xAI)
  • Intrax ProcedureNet
  • SAP Business Objects
  • Corporate Responsibility System Technologies Limited CRSTL Compliance Positioning System
  • American HealthTech Financial
  • Epic Systems
  • New Millennium Communications Genesis Accounting
  • Yardi software
  • Microsoft Project
  • MEDITECH software
  • Perplexity AI
  • Quicken
  • Google Drive
  • Microsoft Dynamics
  • CCIS AccountAbility
  • HCSS HeavyJob
  • Microsoft Office software
  • Microsoft Copilot
  • Receipt books
  • Financial calculators
  • Image scanners
  • Notebook computers
  • Desktop computers
  • 10-key calculators
  • Ledger sheets

Alternative Job Titles