Finance and Insurance Office Supervisors

(NOC 1212)

in All Business, Finance, and Administration

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 Outlook

Average

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  • Estimate Decline slightly employment change, 2019-2021
  • Estimate 75 openings due to growth and retirements, 2018-2020
  • Estimate Low rate of unemployment in 2019

Compared to: All Business, Finance, and Administration

  • Estimate -1305 employment change, 2019-2021
  • Estimate 4210 openings due to growth and retirements, 2018-2020
  • Estimate rate of unemployment not available for these occupation.

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

Maximum

Annual Pay

$27,194

Minimum

$51,911

Median

$76,129

Maximum

Compared to: All Business, Finance, and Administration

Hourly Pay

$14.00

Minimum

$27.85

Median

$38.46

Maximum

Annual Pay

$6,754

Minimum

$36,515

Median

$70,271

Maximum

About 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

470

employed in 2016

96.8%

employed full-time

0.0%

self employed

77.9%
Icons/female Created with Sketch.
22.1%
Icons/male Created with Sketch.
49.2

median age

Compared to: All Business, Finance, and Administration

63,775

employed in 2016

78.4%

employed full-time

6.6%

self employed

73.4%
Icons/female Created with Sketch.
26.6%
Icons/male Created with Sketch.
47.9

median age

Where will I likely work?

63.5%

Halifax

11.5%

Cape Breton

9.4%

North Shore

8.3%

Annapolis Valley

7.3%

Southern

Compared to: All NS Occupations

47.0%

Halifax

15.6%

North Shore

12.9%

Annapolis Valley

12.7%

Cape Breton

11.8%

Southern

Top Industries of Employment

34.1%

Finance and insurance

12.9%

Public administration

5.9%

Retail trade

5.9%

Transportation and warehousing

5.9%

Administrative and support, waste management and remediation services

What is the age of Employment?

29.0%

55-64

29.0%

35-44

28.0%

45-54

11.0%

25-34

2.0%

15-24

2.0%

65+

Compared to: All Business, Finance, and Administration

26.3%

45-54

22.6%

55-64

19.4%

35-44

16.7%

25-34

7.5%

65+

Top levels of education

31.6%

College Diploma

$53,806 median annual income
25.3%

High school

$49,094 median annual income
16.8%

Bachelor

$54,188 median annual income
11.6%

Diploma Below Bachelor

$53,456 median annual income
6.3%

Less than high school

$48,532 median annual income

Compared to: All Business, Finance, and Administration

33.8%

College Diploma

$36,304 median annual income
23.8%

High school

$32,903 median annual income
22.8%

Bachelor

$41,755 median annual income
5.8%

Apprenticeship

$34,807 median annual income
4.9%

Less than high school

$23,174 median annual income

Education & 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

Maritime Business College

800 Sackville Drive

Lower Sackville, NS B4E 1R8

(902) 463-6700

Eastern College - Halifax

6940 Mumford Road, Suite 111

Halifax, NS B3L 0B7

(902) 423-3933

Academy of Learning Career College - Halifax

6960 Mumford Road, Suite 155-1st Floor Mumford Professional Centre

Halifax, NS B3L 4P1

(902) 455-3395

Centre for Distance Education

222 George Street, Suite C

Sydney, NS B1P 1J3

(866) 446-5898

Mount Saint Vincent University

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

Maritime Business College

800 Sackville Drive

Lower Sackville, NS B4E 1R8

(902) 463-6700

Academy of Learning Career College - Halifax

6960 Mumford Road, Suite 155-1st Floor Mumford Professional Centre

Halifax, NS B3L 4P1

(902) 455-3395

Acadia University

15 University Avenue

Wolfville, NS B4P 2R6

(902) 542-2201

Dalhousie University

Office of the Registrar

Halifax, NS B3H 4R2

(902) 494-2450

Mount Saint Vincent University

166 Bedford Highway

Halifax, NS B3M 2J6

(902) 457-6117

Universite Sainte-Anne

Siège Social: 1695, Route 1

Pointe-de-l'Église, NS B0W 1M0

(902) 769-2114

St. Francis Xavier University

PO Box 5000

Antigonish, NS B2G 2W5

(902) 867-2219

Saint Mary's University

923 Robie Street

Halifax, NS B3H 3C3

(902) 420-5400

Cape Breton University

PO Box 5300 1250 Grand Lake Road

Sydney, NS B1P 6L2

(888) 959-9995

Nova Scotia Community College - Annapolis Valley Campus

50 Elliott Road

Middleton, NS B0S 1M0

(902) 825-3491

Nova Scotia Community College - Cumberland Campus

PO Box 550, 1 Main Street

Springhill, NS B0M 1X0

(902) 597-3737

Nova Scotia Community College - Burridge Campus

372 Pleasant Street

Yarmouth, NS B5A 2L2

(902) 742-3501

Nova Scotia Community College - Kingstec Campus

236 Belcher Street

Kentville, NS B4N 0A6

(902) 678-7341

Nova Scotia Community College - Lunenburg Campus

75 High Street

Bridgewater, NS B4V 1V8

(902) 543-4608

Nova Scotia Community College - Pictou Campus & School of Fisheries

PO Box 820, 39 Acadia Avenue

Stellarton, NS B0K 1S0

(902) 752-2002

Nova Scotia Community College - Strait Area Campus & Nautical Institute

226 Reeves Street

Port Hawkesbury, NS B9A 2A2

(902) 625-2380

Nova Scotia Community College - Marconi Campus

PO Box 1042, 1240 Grand Lake Road

Sydney, NS B1P 6J7

(902) 563-2450

Nova Scotia Community College - Truro Campus

36 Arthur Street

Truro, NS B2N 1X5

(902) 893-5385

Nova Scotia Community College - Ivany Campus

80 Mawiomi Place

Dartmouth, NS B2Y 0A5

(902) 491-1100

Nova Scotia Community College - Online Learning

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.

There are no schools in Nova Scotia offering this program.

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

Dalhousie University

Office of the Registrar

Halifax, NS B3H 4R2

(902) 494-2450

University of King's College

6350 Coburg Road

Halifax, NS B3H 2A1

(902) 422-1271

Universite Sainte-Anne

Siège Social: 1695, Route 1

Pointe-de-l'Église, NS B0W 1M0

(902) 769-2114

Saint Mary's University

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

Maritime Business College

800 Sackville Drive

Lower Sackville, NS B4E 1R8

(902) 463-6700

Academy of Learning Career College - Halifax

6960 Mumford Road, Suite 155-1st Floor Mumford Professional Centre

Halifax, NS B3L 4P1

(902) 455-3395

Dalhousie University

Office of the Registrar

Halifax, NS B3H 4R2

(902) 494-2450

Saint Mary's University

923 Robie Street

Halifax, NS B3H 3C3

(902) 420-5400

Employment requirements & contacts

No regulating bodies were found under this occupation profile

No contacts were found under this occupation profile

Additional resources

There are no additional resources for this occupation.

Job postings

There are currently no job postings for this occupation.