Finance and Insurance Office Supervisors
(NOC 1212)
in All Business, Finance, and AdministrationFinance and insurance office supervisors coordinate and supervise the activities of Accounting and related clerks, Payroll administrators, Banking, insurance and other financial clerks, and Collectors. They work for banks and other financial institutions, insurance companies, and by other organizations throughout the private and public sectors.
Job Outlook
Average
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Compared to: All Business, Finance, and Administration
The employment outlook over the next few years for this occupational group is “average”, which indicates the chances of a qualified individual finding work is comparable to the average for all occupations in Nova Scotia. This is not a large occupation in Nova Scotia so job opportunities may not be that frequent. The number employed in this occupation is expected to decline slightly over the next few years, which may affect the number of new opportunities available. With a large percent of workers being 55 years of age and older, retirements are expected to be a key contributor to employment opportunities over the coming years. Finance and Insurance Office Supervisors most commonly work full-time hours.
The median employment income for 79% of Finance and Insurance Office Supervisors who worked full-time, year-round in 2015 was $54,178. Across all occupations in Nova Scotia, 59% of those who worked full-time year round had a median employment income of $43,600.
(Source: 2016 Census)
Hourly Pay
$15.50
Minimum$24.73
Median$36.56
MaximumAnnual Pay
$27,194
Minimum$51,911
Median$76,129
MaximumCompared to: All Business, Finance, and Administration
Hourly Pay
$14.00
Minimum$27.85
Median$38.46
MaximumAnnual Pay
$6,754
Minimum$36,515
Median$70,271
MaximumAbout the job
Nature of work
Finance and insurance office supervisors coordinate and supervise the activities of Accounting and related clerks, Payroll administrators, Banking, insurance and other financial clerks, and Collectors. They work for banks and other financial institutions, insurance companies, and by other organizations throughout the private and public sectors.
Job duties
Supervisors in this group:
- Design work processes and coordinate, assign and review the work of clerks.
- Verify that work is correct and approve payments, credits and other transactions.
- Decide work schedules and procedures and coordinate activities with other work units or departments.
- Solve work problems and prepare progress and other reports.
- Identify training needs and train workers in job duties and company policies.
- Request supplies and materials.
- Make sure computer systems and equipment are working and arrange for maintenance and repairs.
- May perform the same duties as workers supervised.
Sample job titles
- accounts payable supervisor
- accounts receivable supervisor
- bank clerks supervisor
- billing supervisor
- bookkeeping supervisor
- claims adjustors supervisor
- collection supervisor
- credit supervisor
- payroll supervisor
- supervisor of accounting
Skills
Leadership, interpersonal, and communication skills are essential. You should also have initiative and be able to make decisions and solve problems.
Job requirements
- A college program or courses in bookkeeping, accounting or a related subject is required.
- Experience in the clerical role supervised is required.
Other considerations
The duties performed by these supervisors are evolving as new technology is introduced. Supervisors and clerks should be prepared to keep abreast of changing office technology and processes.
By the numbers
Quick look
employed in 2016
employed full-time
self employed
median age
Compared to: All Business, Finance, and Administration
employed in 2016
employed full-time
self employed
median age
Where will I likely work?
Halifax
Cape Breton
North Shore
Annapolis Valley
Southern
Compared to: All NS Occupations
Halifax
North Shore
Annapolis Valley
Cape Breton
Southern
Top Industries of Employment
Finance and insurance
Public administration
Retail trade
Transportation and warehousing
Administrative and support, waste management and remediation services
What is the age of Employment?
55-64
35-44
45-54
25-34
15-24
65+
Compared to: All Business, Finance, and Administration
45-54
55-64
35-44
25-34
65+
Top levels of education
College Diploma
$53,806 median annual incomeHigh school
$49,094 median annual incomeBachelor
$54,188 median annual incomeDiploma Below Bachelor
$53,456 median annual incomeLess than high school
$48,532 median annual incomeCompared to: All Business, Finance, and Administration
College Diploma
$36,304 median annual incomeHigh school
$32,903 median annual incomeBachelor
$41,755 median annual incomeApprenticeship
$34,807 median annual incomeLess than high school
$23,174 median annual incomeEducation & training
Accounting technology/technician and bookkeeping
This program is typically offered at the trades/college level.This instructional program class includes any program that prepares individuals to provide technical administrative support to professional accountants and other financial management personnel. These programs include courses in posting transactions to accounts, record-keeping systems, accounting software operation, and general accounting principles and practices.
Institutions providing this program
800 Sackville Drive
Lower Sackville, NS B4E 1R8
(902) 463-6700
6960 Mumford Road, Suite 155-1st Floor Mumford Professional Centre
Halifax, NS B3L 4P1
(902) 455-3395
222 George Street, Suite C
Sydney, NS B1P 1J3
(866) 446-5898
166 Bedford Highway
Halifax, NS B3M 2J6
(902) 457-6117
Business administration and management - General
This program may be offered at the college, trades, or university level.This instructional program class includes any program that generally prepares individuals to plan, organize, direct, and control the functions and processes of a firm or organization. These programs include courses in management theory, human resources management and behaviour, accounting and other quantitative methods, purchasing and logistics, organization and production, marketing, and business decision-making.
Institutions providing this program
800 Sackville Drive
Lower Sackville, NS B4E 1R8
(902) 463-6700
6960 Mumford Road, Suite 155-1st Floor Mumford Professional Centre
Halifax, NS B3L 4P1
(902) 455-3395
Office of the Registrar
Halifax, NS B3H 4R2
(902) 494-2450
166 Bedford Highway
Halifax, NS B3M 2J6
(902) 457-6117
Siège Social: 1695, Route 1
Pointe-de-l'Église, NS B0W 1M0
(902) 769-2114
PO Box 5000
Antigonish, NS B2G 2W5
(902) 867-2219
923 Robie Street
Halifax, NS B3H 3C3
(902) 420-5400
PO Box 5300 1250 Grand Lake Road
Sydney, NS B1P 6L2
(888) 959-9995
50 Elliott Road
Middleton, NS B0S 1M0
(902) 825-3491
PO Box 550, 1 Main Street
Springhill, NS B0M 1X0
(902) 597-3737
372 Pleasant Street
Yarmouth, NS B5A 2L2
(902) 742-3501
236 Belcher Street
Kentville, NS B4N 0A6
(902) 678-7341
75 High Street
Bridgewater, NS B4V 1V8
(902) 543-4608
PO Box 820, 39 Acadia Avenue
Stellarton, NS B0K 1S0
(902) 752-2002
226 Reeves Street
Port Hawkesbury, NS B9A 2A2
(902) 625-2380
PO Box 1042, 1240 Grand Lake Road
Sydney, NS B1P 6J7
(902) 563-2450
36 Arthur Street
Truro, NS B2N 1X5
(902) 893-5385
80 Mawiomi Place
Dartmouth, NS B2Y 0A5
(902) 491-1100
Unit 37, 115 Chain Lake Drive
Halifax, NS B3S 1B3
(877) 491-6774
Business administration, management and operations - Other
This program may be offered at the college, trades, or university level.This instructional program class includes any program not listed above that relates to Business Administration, Management and Operations.
Business/commerce - General
This program may be offered at the college, trades, or university level.This instructional program class includes any program that focuses on the general study of business, including the processes of interchanging goods and services (buying, selling and producing), business organization, and accounting as used in profit-making and non-profit public and private institutions and agencies. The program prepares individuals to apply business principles and techniques in various occupational settings.
Institutions providing this program
Office of the Registrar
Halifax, NS B3H 4R2
(902) 494-2450
6350 Coburg Road
Halifax, NS B3H 2A1
(902) 422-1271
Siège Social: 1695, Route 1
Pointe-de-l'Église, NS B0W 1M0
(902) 769-2114
923 Robie Street
Halifax, NS B3H 3C3
(902) 420-5400
Management information systems - General
This program is typically offered at the college or university level.This instructional program class includes any program that generally prepares individuals to provide and manage data systems and related facilities for processing and retrieving internal business information; select systems and train personnel; and respond to external data requests. These programs include courses in cost and accounting information systems, management control systems, personnel information systems, data storage and security, business systems networking, report preparation, computer facilities and equipment operation and maintenance, operator supervision and training, and management information systems policy and planning.
Institutions providing this program
800 Sackville Drive
Lower Sackville, NS B4E 1R8
(902) 463-6700
6960 Mumford Road, Suite 155-1st Floor Mumford Professional Centre
Halifax, NS B3L 4P1
(902) 455-3395
Office of the Registrar
Halifax, NS B3H 4R2
(902) 494-2450
923 Robie Street
Halifax, NS B3H 3C3
(902) 420-5400
Employment requirements & contacts
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