Will “Letter of Credit Clerk” be Replaced By Robots? 🤔

98% Chance of Automation

“Letter of Credit Clerk” will almost certainly be replaced by robots.

This job is ranked #671 out of #702. A higher ranking (i.e., a lower number) means the job is less likely to be replaced.

Care to share? Click for Facebook, Twitter, LinkedIn, or XING. 👍

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…

Tasks for “Letter of Credit Clerk”

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

Related Technology & Tools

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

Word processing software
New Millennium Communications Genesis Accounting
Sage 100 ERP
Tax software
Medical condition coding software
Microsoft Internet Explorer
AMS Services AMS Sagitta
MEDITECH software
Records management software
Microsoft Outlook
Medical procedure coding software
Data entry software
BillingTracker
Paisley Focus Control Assurance
Accounts receivable software
IBM Notes
Oracle JD Edwards EnterpriseOne
Roundtable Software Advantage Accounting System
SAP Crystal Reports
Oracle E-Business Suite Financials
CYMA IV Accounting for Windows
Cartesis ES Magnitude
PROPHIX Enterprise
ATX Total Engagement Office
Activant Solutions Activant Prophet 21
Automation Counselors municiPAL
FlexiFinancials FlexiLedger
Pentana audit work system PAWS
Accurate NXG
Microsoft Dynamics GP
FileMaker Pro
Paisley RiskNavigator
AuditWare
Oracle PeopleSoft
Intuit QuickBooks
Advanced Management Systems Software for Wineries
Softrax Revenue Management
HCSS HeavyBid
General ledger software
Intuit Quicken
Healthcare common procedure coding system HCPCS
American HealthTech Financial
Yardi
RSM McGladrey Advanced Practice Solutions Paperless Audit
Microsoft Word
Microsoft Excel
Intrax ProcedureNet
Microsoft Office
AdaptaSoft CyberPay
Payroll software
Heron CrossTie General Ledger
Customer information control system CICS
Financial statement software
SAP BusinessObjects Data Integrator
SAP
Sage ACT!
MethodWare ProAudit Advisor
HMS
UA Business Software Professional Edition
Human resource management software HRMS
Oracle PeopleSoft Financials
OmniRIM Records Management Suite
Oracle Hyperion
Paisley IssueTrack
IBM Cognos Impromptu
Microsoft Access
ComputerEase
RSM McGladrey Auditor Assistant
Microsoft Dynamics
Accounts payable software
Microsoft PowerPoint
ADP Workforce Now
Tumbleweed SecureTransport
HCSS HeavyJob
Document management system software
Financial compliance software
ACS Technologies ACS Financial Suite
AcornSystems Corporate Performance Management
Sage 100 Contractor
Blackbaud The Financial Edge
Cost accounting software
BLS Software Invoice!
Paisley AutoAudit
Fund accounting software
CCIS AccountAbility
ADP Pay eXpert
Financial reporting software
Paisley Cardmap
Business performance management BPM software
Infor Global Solutions Starbuilder
Auditing software
FLS eDP.Payrolltax
Best MIP Fund Accounting
Sage 50 Accounting
Asset management software
Spreadsheet software
ATX Total Accounting Office
Corporate Responsibility System Technologies Limited CRSTL Compliance Positioning System
Accutrac Records Management Software
Blackbaud The Raiser's Edge
SAP Business Objects
LexisNexis
NetSuite ERP