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

Read more

  • 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%

Manufacturing

5.9%

Real estate and rental and leasing

5.9%

Retail trade

What is the age of Employment?

29.0%

55-64

29.0%

35-44

28.0%

45-54

11.0%

25-34

2.0%

65+

2.0%

15-24

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%

Trade Certification

$34,807 median annual income
4.9%

Less than high school

$23,174 median annual income

Education & training

Accounting Technology and Bookkeeping

College or Trades Program

These 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

Maritime Business College

Lower Sackville, NS

Eastern College - Halifax

Halifax, NS

Academy of Learning Career College - Halifax

Halifax, NS

Centre for Distance Education

Sydney, NS

Mount Saint Vincent University

Halifax, NS

Business Administration and Management

College, Trades, or University Program

These 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

Maritime Business College

Lower Sackville, NS

Academy of Learning Career College - Halifax

Halifax, NS

Acadia University

Wolfville, NS

Dalhousie University

Halifax, NS

Mount Saint Vincent University

Halifax, NS

Universite Sainte-Anne

Pointe-de-l'Église, NS

St. Francis Xavier University

Antigonish, NS

Saint Mary's University

Halifax, NS

Cape Breton University

Sydney, NS

Dalhousie University Faculty of Agriculture

Truro, NS

Nova Scotia Community College - Annapolis Valley Campus

Middleton, NS

Nova Scotia Community College - Cumberland Campus

Springhill, NS

Nova Scotia Community College - Burridge Campus

Yarmouth, NS

Nova Scotia Community College - Kingstec Campus

Kentville, NS

Nova Scotia Community College - Lunenburg Campus

Bridgewater, NS

Nova Scotia Community College - Pictou Campus & School of Fisheries

Stellarton, NS

Nova Scotia Community College - Strait Area Campus & Nautical Institute

Port Hawkesbury, NS

Nova Scotia Community College - Marconi Campus

Sydney, NS

Nova Scotia Community College - Truro Campus

Truro, NS

Nova Scotia Community College - Ivany Campus

Dartmouth, NS

Nova Scotia Community College - Online Learning

Various, NS

Business/Commerce

College, Trades, or University Program

These 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

Dalhousie University

Halifax, NS

University of King's College

Halifax, NS

Universite Sainte-Anne

Pointe-de-l'Église, NS

Saint Mary's University

Halifax, NS

Management Information Systems

College or University Program

These 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

Maritime Business College

Lower Sackville, NS

Academy of Learning Career College - Halifax

Halifax, NS

Dalhousie University

Halifax, NS

Saint Mary's University

Halifax, NS

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.