Will “Bank Reconciliator” be Replaced By Robots? 🤔

Job Description

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.

Job Details

• The SOC (Standard Occupational Classification) code is 43-3031.00
• The Mean Annual Wage in the U.S. is $ 40,220.00
• The Mean Hourly Wage is $ 19.00
• Currently, there are 1,566,960 people on this job

☝️ Information based on the reference occupation “Bookkeeping, Accounting, and Auditing Clerks”.

Also Known As…

• Bookkeeping, Accounting, and Auditing Clerks
• Bookkeeper
• Accounts Receivable Clerk
• Accounts Payables Clerk
• Accounts Payable Specialist
• Accounts Payable Clerk
• Accounting Clerk
• Accounting Associate
• Accounting Assistant
• Account Receivable Clerk
• Account Clerk
• Voucher Examiner
• Voucher Clerk
• Typing Bookkeeper
• Typing and Bookkeeper
• Trust Vault Clerk
• Tonnage Compilation Clerk
• Stock Transfer Clerk
• Staff Accountant
• Securities Clerk
• Sales Audit Clerk
• Revenue Audit Clerk
• Returned Item Clerk
• Reserves Clerk
• Remittance Clerk
• Reconciliation Clerk
• Reconciliation Analyst
• Reconcilement Clerk
• Price Clerk
• Price Checker
• Posting Clerk
• Payroll Accounting Clerk
• Payment Processor
• Patient Financial Service Representative
• Patient Account Representative
• Pari Mutuel Ticket Checker
• Office Work and Bookkeeper
• Office Manager
• Night Auditor
• Mortgage Loan Computation Clerk
• Mortgage Accounting Clerk
• Margin Clerk
• Letter of Credit Clerk
• Ledger Poster
• Ledger Clerk
• Journal Clerk
• Income Auditor
• Import Export Clerk
• Hotel Night Auditor
• Hotel Auditor
• General Ledger Bookkeeper
• Full Charge Bookkeeper
• Foreign Exchange Position Clerk
• Foreclosure Clerk
• Food and Beverage Controller
• Fixed Capital Clerk
• Fiscal Technician
• Fiscal Accounting Clerk
• Financial Recording Clerk
• Financial Processing Clerk
• Finance Assistant
• Figure Clerk
• Field Clerk
• Export Documents Clerk
• Export Clerk
• Escrow Closer
• Escrow Agent
• Electronic Funds Transfer Coordinator
• Document Processor
• Dividend Deposit Voucher Clerk
• Distribution Accounting Clerk
• Discount Clerk
• Daily Sales Audit Clerk
• Credit Card Clerk
• Cost Accounting Clerk
• Cost Accountant
• Computer Bookkeeper
• Commodity Loan Clerk
• Collection Clerk
• Collateral Clerk
• Collateral and Safekeeping Clerk
• Clipman
• Clerk and Bookkeeper
• Clerk Analyst
• Clearing House Clerk
• Classifier
• Classification Control Clerk
• Classification Analyst
• Chief Wheelage Clerk
• Check Processing Clerk
• Check Out Clerk
• Check Clerk
• Chart Snatcher
• Chart Reader
• Chart Picker
• Chart Computer
• Chart Clerk
• Chart Changer
• Chart Calculator
• Cash Register Balancer
• Cash Accounting Clerk
• Canceling and Cutting Control Clerk
• Budget Technician
• Budget Clerk
• Bookkeeping Clerk
• Bookkeeper Assistant
• Bookkeeper and Clerk
• Booking Clerk
• Book Keeper
• Bond Clerk
• Billing Clerk
• Billing Checker
• Balance Clerk
• Auditor Sales
• Auditing Clerk
• Audit Control Clerk
• Audit Clerk
• Amortization Clerk
• Advice Clerk
• Accounts Receivable Specialist
• Accounts Receivable Assistant
• Accounts Payable Representative
• Accounts Payable Manager
• Accounts Payable Coordinator
• Accounts Payable Administrator
• Accounting Technician
• Accounting Specialist
• Accounting Representative
• Accounting Manager
• Accounting Coordinator
• Accounting Bookkeeper
• Accounting Analyst
• Accountant Helper
• Accountant Clerk
• Accountant Assistant
• Accountant
• Account Information Clerk
• Account Administrator

Tasks for “Bank Reconciliator”

• Monitor status of loans and accounts to ensure that payments are up to date.
• Prepare and process payroll information.
• Match order forms with invoices, and record the necessary information.
• Complete and submit tax forms and returns, workers' compensation forms, pension contribution forms, and other government documents.
• Compare computer printouts to manually maintained journals to determine if they match.
• Perform general office duties, such as filing, answering telephones, and handling routine correspondence.
• Compile budget data and documents, based on estimated revenues and expenses and previous budgets.
• Debit, credit, and total accounts on computer spreadsheets and databases, using specialized accounting software.
• Maintain inventory records.
• 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 costs of materials, overhead, and other expenses, based on estimates, quotations and price lists.
• Prepare purchase orders and expense reports.
• Transfer details from separate journals to general ledgers or data processing sheets.
• Perform personal bookkeeping services.
• Operate 10-key calculators, typewriters, and copy machines to perform calculations and produce documents.
• Check figures, postings, and documents for correct entry, mathematical accuracy, and proper codes.
• Prepare bank deposits by compiling data from cashiers, verifying and balancing receipts, and sending cash, checks, or other forms of payment to banks.
• Calculate and prepare checks for utilities, taxes, and other payments.
• Receive, record, and bank cash, checks, and vouchers.
• Access computerized financial information to answer general questions as well as those related to specific accounts.
• Code documents according to company procedures.
• Compute deductions for income and social security taxes.
• Reconcile records of bank transactions.
• 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, prepare, and issue bills, invoices, account statements, and other financial statements according to established procedures.
• Operate computers programmed with accounting software to record, store, and analyze information.
• Comply with federal, state, and company policies, procedures, and regulations.
• Perform financial calculations, such as amounts due, interest charges, balances, discounts, equity, and principal.
• Prepare trial balances of books.

Related Technology & Tools

• Ledger sheets
• Receipt books
• Financial calculators
• Image scanners
• Desktop computers
• Notebook computers
• 10-key calculators

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