Collection Clerk: A description for the collection clerk job

Clerical And Sales Jobs » Computing And Account Recording Jobs » Accounting And Statistical Clerks » Collection Clerk

Collection Clerk: Receives and processes collection items (negotiable instruments), for example checks, drafts, and coupons presented to bank by customers or corresponding banks: Reads letter of instructions accompanying negotiable instruments to determine disposition of items. Debits bank account and credits customer’s account to liquidate outstanding collections. Computes interest on bills of exchange (drafts), using adding machine or computer terminal, and lists debits and credits on liability sheet, or enters information into computer system, to record customer’s outstanding balance. Examines, calculates interest on, endorses, records, and issues receipts, and mails outgoing collections for payment. Traces unpaid items to determine reasons for nonpayment and notifies customer of disposition. May also prove and balance daily transactions. May also act as agent for collections payable in United States and possessions and be designated Out-of-Town Collection Clerk (financial industry). May also process collection items drawn on local bond and securities exchanges or transfers within a locality and be designated Local Collection Clerk (financial industry). May also collect foreign bills of exchange and be designated Foreign-Collection Clerk (financial industry). May also process matured bonds and coupons and be designated Coupon-and-Bond-Collection Clerk (financial industry), Coupon-Collection Clerk (financial industry).

Job industry: financial industry

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