A transfer representative, also referred to as a brokerage clerk, performs clerical duties to assist in completing investment transactions for clients. These professionals work for financial firms involved with selling and purchasing commodities, securities, bonds and other investments.
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Most employers require a high school diploma or GED for this occupation. Employment opportunities may increase for those who obtain at least an associate degree in finance, accounting or a related discipline.
Performing clerical duties related to investment transactions includes writing purchase orders for stock and securities sales, calculating taxes for those sales, answering client questions, distributing dividends, and tracking investment accounts. This includes monitoring and verifying all transactions to ensure accuracy.
CBSalary reported a national average salary of £28,872 per year for transfer clerks in November 2010. The Bureau of Labor Statistics expects a slow decline in these and related occupations between 2008 and 2018 due to increasing automation in this industry.
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