NOC 14201: Banking, insurance and other financial clerks
What banking, insurance and other financial clerks do
Banking, insurance and other financial clerks compile, process and maintain banking, insurance and other financial information. They are employed by banks, credit companies, private and public insurance establishments, investment firms and other financial establishments throughout the private and public sectors.
Main duties
This group performs some or all of the following duties:
- Bank Clerks
- Compile records of deposits, withdrawals, loan and mortgage payments, cheques and purchase, sale and exchange of securities
- Process loan and mortgage applications, loan and mortgage payments, retirement savings plan applications, term deposits, drafts and money orders
- Verify and balance automatic teller machine transactions and ledger entries, calculate service charges and interest payments and notify customers regarding account discrepancies and captured bank cards
- Answer enquiries and provide information on banking products, policies and services
- May sell drafts, money orders, travellers' cheques and foreign currency, rent safety deposit boxes and open and close savings, chequing and other accounts.
- Insurance clerks
- Process enrolments, cancellations, claims transactions, policy changes and premium payments
- Review insurance applications and verify insurance coverage, premiums paid and other insurance information
- Calculate insurance premiums, pension benefits and annuity payments
- Compile and maintain claims data, rates and insurance data and records
- Answer enquiries and provide information on insurance products, policies and services.
- Other financial clerks
- Compile and maintain rental, sale and other real estate listings
- Compile and maintain stock, bond and other securities listings
- Sort, verify and process real estate, securities and other financial transactions
- Answer enquiries and reply to correspondence.
Job titles under NOC 14201
67 job titles are classified here, including actuarial clerk, bank clerk, credit clerk.
- accounts clerk - financial sector
- accounts representative - financial sector
- actuarial clerk
- application reviewer - insurance
- automatic teller machine (ATM) clerk
- bank clerk
- benefits and entitlement clerk - insurance
- brokerage clerk
- calculation clerk - insurance
- claims clerk - insurance
- clerk - financial sector
- contract clerk - financial sector
- control clerk - financial sector
- credit application clerk - financial sector
- credit assessment clerk
- credit authorization clerk
- credit clerk
- credit register clerk
- death benefits clerk
- dental claims clerk
- disability benefits clerk - insurance
- discount clerk - financial sector
- dividend calculation clerk
- dividend calculation clerk - financial sector
Employment requirements
- Completion of secondary school is required.
- A business college diploma may be required.
- On-the-job training and short-term training courses or programs specific to the financial establishment are usually required.
Banking, insurance and other financial clerks wages in Canada
Low, median and high hourly wages from Job Bank’s 2025 wage data. Annual figures assume full-time work (1,950 hours a year).
| Where | Low | Median | High |
|---|---|---|---|
Canada | $18.46/hr | $25.33/hr | $36.62/hr |
Toronto ON | $17.60/hr | $25.00/hr | $38.29/hr |
Montréal QC | $21.00/hr | $25.64/hr | $32.10/hr |
Vancouver Lower Mainland region, BC | $19.75/hr | $24.00/hr | $34.00/hr |
Calgary AB | $15.00/hr | $25.00/hr | $39.49/hr |
Edmonton AB | $17.60/hr | $26.87/hr | $39.06/hr |
Ottawa ON | $18.00/hr | $26.37/hr | $34.72/hr |
Winnipeg MB | $19.95/hr | $22.51/hr | $34.87/hr |
Québec City Quebec region, QC | $21.98/hr | $29.33/hr | $38.46/hr |
Hamilton Hamilton–Niagara Peninsula region, ON | $20.00/hr | $25.79/hr | $35.71/hr |
Kitchener-Waterloo Kitchener–Waterloo–Barrie region, ON | $19.00/hr | $25.50/hr | $32.45/hr |
London ON | $18.00/hr | $27.74/hr | $36.06/hr |
Halifax NS | $19.00/hr | $20.97/hr | $27.73/hr |
Victoria Vancouver Island and Coast region, BC | $20.00/hr | $25.00/hr | $34.00/hr |
Saskatoon Saskatoon–Biggar region, SK | $22.00/hr | $27.18/hr | $33.33/hr |
Regina Regina–Moose Mountain region, SK | $18.00/hr | $27.78/hr | $35.38/hr |
| Where | Low | Median | High |
|---|---|---|---|
Newfoundland and Labrador | $18.46/hr | $25.00/hr | $32.97/hr |
Nova Scotia | $17.79/hr | $20.79/hr | $26.67/hr |
New Brunswick | $16.00/hr | $22.33/hr | $30.77/hr |
Quebec | $21.98/hr | $29.33/hr | $38.46/hr |
Ontario | $18.00/hr | $25.48/hr | $35.90/hr |
Manitoba | $17.00/hr | $22.30/hr | $34.87/hr |
Saskatchewan | $17.00/hr | $27.31/hr | $35.38/hr |
Alberta | $15.00/hr | $26.87/hr | $39.06/hr |
British Columbia | $19.75/hr | $24.00/hr | $34.00/hr |
Using NOC 14201 for your resume or Express Entry profile
- IRCC asks you to make sure the main duties listed for your NOC match what you actually did at your job. If they don’t, look for another unit group whose duties do.
- Describe your own work in your own words. Recruiters and ATS software look for concrete tools, results and scope, not text copied from the NOC.
- Applying from outside Canada? Run your resume through the Canadian resume format checker to catch things Canadian employers don’t expect, like a photo or date of birth.
- Use the job title the employer’s posting uses. The 67 titles above are how the same work is named across employers.
Not in this group
Similar jobs classified under a different NOC code:
Frequently asked questions
What is the NOC code for banking, insurance and other financial clerks?
Banking, insurance and other financial clerks are NOC 2021 unit group 14201. Example job titles in this group include actuarial clerk, bank clerk, credit clerk, dental claims clerk.
What TEER is NOC 14201?
NOC 14201 is TEER 4 (High school and on-the-job training). Usually requires completion of secondary school, or several weeks of on-the-job training. TEER 4 and 5 work does not count as skilled work experience for Express Entry’s Federal Skilled Worker or Canadian Experience Class programs.
How much do banking, insurance and other financial clerks earn in Canada?
Job Bank's 2025 wage data puts the median at $25.33/hr, about $49,000 a year full-time, with a range of $18.46/hr to $36.62/hr.
Related occupations
Sources: Statistics Canada, National Occupational Classification (NOC) 2021 Version 1.0; Employment and Social Development Canada, Job Bank wages (2025). Contains information licensed under the Open Government Licence – Canada. OfferJetAI is not affiliated with the Government of Canada. Check IRCC’s NOC guidance before you apply.