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
Good
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Compared to: All Business, Finance, and Administration
The employment outlook over the next few years for this occupational group is “good”, which indicates the chances of a qualified individual finding work is better than average when compared to other occupations in Nova Scotia. This is a fairly large occupation in Nova Scotia so job opportunities occur fairly regularly. The number employed in this occupation is expected to grow significantly over the next few years, which will provide additional opportunities for employment. 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. Also, a average portion of the workforce is self-employed, so having the option to "work for yourself" may appeal to some individuals’ interests/motivations.
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
$16.60
Minimum$26.67
Median$41.54
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
$54,808 median annual incomeCape Breton
$49,024 median annual incomeNorth Shore
$45,082 median annual incomeAnnapolis Valley
$48,404 median annual incomeSouthern
$53,976 median annual incomeCompared to: All NS Occupations
Halifax
North Shore
Annapolis Valley
Cape Breton
Southern
Top Industries of Employment
Finance and insurance
Public administration
Manufacturing
Real estate and rental and leasing
Retail trade
What is the age of Employment?
55-64
35-44
45-54
25-34
65+
15-24
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 incomeTrade Certification
$34,807 median annual incomeLess than high school
$23,174 median annual incomeEducation & training
Accounting Technology and Bookkeeping
College or Trades ProgramThese programs prepare students to provide technical administrative support to professional accountants and other financial management personnel. They include courses in posting transactions to accounts, record-keeping systems, accounting software operation, and general accounting principles and practices.
Institutions providing this program
Business Administration and Management
College, Trades, or University ProgramThese programs prepare students to plan, organize, direct, and control the functions and processes of a firm or organization. They 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
Lower Sackville, NS
Halifax, NS
Wolfville, NS
Sydney, NS
Truro, NS
Various, NS
Business/Commerce
College, Trades, or University ProgramThese programs focus 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. They prepare students to apply business principles and techniques in various occupational settings.
Institutions providing this program
Management Information Systems
College or University ProgramThese programs prepare students 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. They 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
Lower Sackville, NS
Halifax, NS
Employment requirements & contacts
No regulating bodies were found under this occupation profile
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There are no additional resources for this occupation.