Margin Clerk jobs in the United States
Margin Clerk compiles data and determines customer margin in stock purchased. Determines brokerage fees and notifies supervisor when customer margin is less than government regulations or brokerage firm requirements. Being a Margin Clerk researches customer margin account problems using customer account information and transaction records. May require an associate degree. Additionally, Margin Clerk typically reports to a supervisor or manager. The Margin Clerk works under moderate supervision. Gaining or has attained full proficiency in a specific area of discipline. To be a Margin Clerk typically requires 1-3 years of related experience. (Copyright 2024 Salary.com)
Recently Added Margin Clerk jobs
- D.A. Davidson Companies
-
Los Angeles, CA
FULL_TIME
-
Job Description:
Summary/Function:
Compute margin requirements to ensure compliance with industry and firm regulations and requirements. Participate in the bookkeeping and daily activities of the department to contribute to efficient and effective business operations. Compile financial data to determine customer margin (equity) in stock purchased.
Experience and Skills:Qualifications:
- High School diploma or comparable work experience. AA degree in accounting preferred.
- Ability to operate a computer and adding machine by touch.
- Strong computer skills to include Microsoft Outlook, Word and Excel.
- Strong organizational skills and attention to detail.
- Familiar with department policies and procedures.
- Strong communications skills, verbal and written.
- Strong customer service skills.
- Ability to troubleshoot and resolve problems.
- Working knowledge of House, SEC and Exchange margin and cash account requirements, safekeeping, segregation, etc.
- Follow policies and procedures. Maintain client confidentiality.
- Communicate in a clear and service oriented manner. Use appropriate, professional language and grammar to effectively exchange ideas and information.
- Ability to proactively work with both external and internal clients. Relate with others in a professional manner in order to accomplish work responsibilities and objectives.
- Ability to maintain regular, predictable attendance.
Duties:
- Compile data, using a computer, to determine customer margin (equity) in stocks purchased and total customer account value, and to compute the difference between purchase price of stock and present market value to show amount due to firm.
- Notify Financial Advisor (FA) and supervisor when customer margin is lees that government regulations or firm requirements. Resolve customer margin account problems using customer account information and transaction records.
- Work closely with FAs, Client Associates and clients in all accounting, bookkeeping and day to day activities of the department to include:
- Make journal entries and adjustments to client and firm accounts. Review activity for proper approvals.
- Balance mid-month payroll write off accounts.
- Balance end of month trade error accounts.
- Post checks out of client accounts. Print checks and distribute them based on branch instructions.
- Deposit incoming funds to client accounts. Process daily check deposits.
- Approve check and Fed Wire transfers for clients.
- Perform any other duties as assigned.
What we offer:
Competitive salary plus excellent benefits and perks including, but not limited to:
- Medical, Dental and Vision
- Company 401(k)and ESOP contribution
- Generous sick, vacation, and maternity/parental leave
- Paid holidays
- Professional Development Opportunities
- Tuition Reimbursement ($15,000 lifetime cap)
- Discounted personal insurance including home, auto and recreational vehicles
- Charitable gift-matching program
- Davidson Day of Giving - Our tradition of positively impacting communities in which we live and work.
D.A. Davidson has been in business for over 87 years! As an employee-owned company, our success is driven by our high standards of business ethics, integrity, and the belief that our Associates are our most important assets. We hope you will consider joining us!
We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.
From: D.A. Davidson Companies - 21 Days Ago
- JPMorgan Chase
-
Chicago, IL
FULL_TIME
- DESCRIPTION: Duties: Forecast funding needs in order to support trading activity. Settle cash and collateral, taking into account market standard and Clearing House and currency cut-offs. Settle colla...
- 5 Days Ago
- Performance Foodservice
-
Coal, PA
FULL_TIME
- Company Description Performance Foodservice, PFG's broadline distributor, maintains a unique relationship with a variety of local customers, including independent restaurants and hotels, healthcare fa...
- 24 Days Ago
- Performance Foodservice
-
Temple, TX
FULL_TIME
- Company Description Performance Foodservice, PFG's broadline distributor, maintains a unique relationship with a variety of local customers, including independent restaurants and hotels, healthcare fa...
- 28 Days Ago
- Performance Foodservice
-
Tampa, FL
FULL_TIME
- Company Description Performance Foodservice, PFG's broadline distributor, maintains a unique relationship with a variety of local customers, including independent restaurants and hotels, healthcare fa...
- 1 Month Ago
- Settlements Clerk
-
Little Rock, AR
FULL_TIME
- At Arkansas Equipment Leasing, we respect what you have to offer. Our industry-leading wages and benefits ensure you always feel appreciated for what you individually bring to our team. Your talent ha...
- 2 Days Ago
Margin Clerk jobs at Popular Companies
- Wealth Management Company
-
Grove City, OH
- Job Description Job Description We are seeking a highly organized and detail-oriented individual to join our team as an ...
- 4/24/2024 12:00:00 AM
- Artech, LLC
-
Columbus, OH
- Job Description Job Description Job Title: Administrative Assistant Location: Columbus, OH 43082 Duration: 3 Months Cont...
- 4/23/2024 12:00:00 AM
- Union County, OH
-
Marysville, OH
- Salary: $18.00 - $21.00 Hourly Location : Marysville, OH Job Type: Part-Time Job Number: 00378 Office: Engineer Opening ...
- 4/22/2024 12:00:00 AM
- Siegel Jennings
-
Columbus, OH
- Administrative Assistant Responsibilities: Provide comprehensive administrative support to three partners. Manage incomi...
- 4/22/2024 12:00:00 AM
- JDT Transport Group
-
Columbus, OH
- Job Description Job Description Answer phones and general office duties. • Completes operational requirements by schedul...
- 4/21/2024 12:00:00 AM
- Surge Staffing
-
Columbus, OH
- Job Description Job Description Position: Administrative Support and Training Intern Location: Surge Staffing HQ, Columb...
- 4/21/2024 12:00:00 AM
- B&B Property Investment Group LLC
-
Reynoldsburg, OH
- Job Description Job Description Benefits/Perks Competitive Compensation Great Work Environment Career Advancement Opport...
- 4/20/2024 12:00:00 AM
- Kyler Professional Search
-
Columbus, OH
- Administrative Assistant Responsibilities: Provide comprehensive administrative support to three partners. Manage incomi...
- 4/20/2024 12:00:00 AM