Financial Data Entry Clerk in Missouri Career Overview

As a Financial Data Entry Clerk, you play a vital role in maintaining accurate financial records and ensuring data integrity within an organization. Your responsibilities primarily center around entering and managing financial data accurately and efficiently. Here are key aspects of this career:

  • Data Integrity: You are responsible for inputting financial information, such as invoices, bills, and account details, into databases and systems. Ensuring that this information is correct is essential for the overall financial health of the organization.

  • Record Keeping: You help maintain organized records that allow for easy access to financial data when needed. Effective record-keeping aids in audits, compliance, and financial planning.

  • Reporting Support: You may assist in the preparation of financial reports by compiling data from various sources, which helps management make informed decisions.

  • Collaboration: You often work alongside accountants and financial analysts, providing them with the necessary data to perform their roles effectively. Your input can enhance the accuracy and reliability of financial insights.

  • Process Improvement: Through your daily tasks, you contribute to identifying inefficiencies in data management processes. Your insights can lead to the implementation of better practices, enhancing overall productivity.

Overall, your role as a Financial Data Entry Clerk is integral to the financial operations of your organization, supporting robust financial management and facilitating sound decision-making.

Financial Data Entry Clerk Salary in Missouri

Annual Median: $44,840
Hourly Median: $21.56

Data sourced from Career One Stop, provided by the BLS Occupational Employment and Wage Statistics wage estimates.

Required Education To Become a Financial Data Entry Clerk in Missouri

To become a Financial Data Entry Clerk, you should consider pursuing one or more of the following educational qualifications and training programs:

  • Accounting: A degree in accounting provides a solid foundation in financial principles, bookkeeping, and data management, which are essential for effectively entering and processing financial data.

  • Accounting Technology and Bookkeeping: This program focuses on the practical applications of accounting software and bookkeeping systems. It prepares you for the hands-on tasks involved in financial data entry.

  • Data Entry and Microcomputer Applications: Completing a program in data entry and microcomputer applications equips you with the technical skills necessary for using computers and software relevant to data management.

  • Data Processing Technology: This degree covers advanced data processing techniques and the systems used in managing financial data, enhancing your efficiency in the role of a data entry clerk.

  • Management Information Systems: A degree in management information systems combines elements of business management with technology. This education helps you understand how to manage and process financial information effectively.

Opting for any of these educational pathways will enhance your qualifications and prepare you for a career as a Financial Data Entry Clerk.

Best Schools to become a Financial Data Entry Clerk in Missouri 2024

Western Governors University

Salt Lake City, UT

In-State Tuition:$7,404
Out-of-State Tuition:$7,404
Admission Rate:N/A
Graduation Rate:49%
Total Enrollment:156,935

Southern New Hampshire University

Manchester, NH

In-State Tuition:$15,000
Out-of-State Tuition:$15,000
Admission Rate:96%
Graduation Rate:41%
Total Enrollment:164,091

Broward College

Fort Lauderdale, FL

In-State Tuition:$1,968
Out-of-State Tuition:$7,402
Admission Rate:N/A
Graduation Rate:35%
Total Enrollment:30,057

CUNY Bernard M Baruch College

New York, NY

In-State Tuition:$6,930
Out-of-State Tuition:$14,880
Admission Rate:50%
Graduation Rate:74%
Total Enrollment:19,854

Ivy Tech Community College

Indianapolis, IN

In-State Tuition:$4,487
Out-of-State Tuition:$8,777
Admission Rate:N/A
Graduation Rate:31%
Total Enrollment:89,705

University of Phoenix-Arizona

Phoenix, AZ

In-State Tuition:$9,552
Out-of-State Tuition:$9,552
Admission Rate:N/A
Graduation Rate:18%
Total Enrollment:88,891
Financial Data Entry Clerk Job Description:
  • Compute, classify, and record numerical data to keep financial records complete.
  • Perform any combination of routine calculating, posting, and verifying duties to obtain primary financial data for use in maintaining accounting records.
  • May also check the accuracy of figures, calculations, and postings pertaining to business transactions recorded by other workers.

Financial Data Entry Clerk Required Skills and Competencies in Missouri

  • Attention to Detail: You must be able to focus on the specifics of data entries, ensuring accuracy and precision in your work.

  • Proficient Typing Skills: Having a high words-per-minute (WPM) rate allows you to enter data quickly and efficiently, which is essential in meeting deadlines.

  • Data Management Skills: You should possess the ability to organize, manage, and retrieve data effectively, ensuring easy access when needed.

  • Computer Proficiency: Familiarity with spreadsheet software (e.g., Microsoft Excel) and database management systems is essential for completing your daily tasks.

  • Analytical Skills: You will need to analyze and verify data for inconsistencies or errors, identifying and correcting them promptly.

  • Time Management: Balancing multiple tasks within tight deadlines is necessary, requiring efficient allocation of your time and prioritization of responsibilities.

  • Communication Skills: Whether it's written or verbal, clear communication is important for collaborating with colleagues and understanding data requirements.

  • Problem-Solving Ability: You should be able to recognize when issues arise in data entry processes and apply logical thinking to troubleshoot effectively.

  • Confidentiality: A strong commitment to maintaining the confidentiality of sensitive financial information is critical in this role.

  • Adaptability: Being flexible and willing to learn new systems or processes will aid in your success as procedures and software may change.

  • Basic Accounting Knowledge: Understanding fundamental accounting principles can enhance your ability to process financial data accurately.

By honing these skills and competencies, you will be better positioned to excel as a Financial Data Entry Clerk.

Job Duties for Financial Data Entry Clerks

  • Check figures, postings, and documents for correct entry, mathematical accuracy, and proper codes.

  • Comply with federal, state, and company policies, procedures, and regulations.

  • Operate computers programmed with accounting software to record, store, and analyze information.

Technologies and Skills Used by Financial Data Entry Clerks

Accounting software

  • Intuit QuickBooks
  • Sage 50 Accounting

Cloud-based data access and sharing software

  • Dropbox
  • Microsoft SharePoint

Enterprise resource planning ERP software

  • Microsoft Dynamics
  • SAP software

Basic Skills

  • Listening to others, not interrupting, and asking good questions
  • Using math to solve problems

Problem Solving

  • Noticing a problem and figuring out the best way to solve it

Job Market and Opportunities for Financial Data Entry Clerk in Missouri

The job market for Financial Data Entry Clerks in Missouri is characterized by steady demand and opportunities for growth. As businesses increasingly rely on accurate financial data management to streamline operations, the need for data entry specialists continues to rise. Here are some key aspects of the current job market in Missouri:

  • High Demand Across Industries: Financial Data Entry Clerks are sought after in various sectors, including finance, healthcare, manufacturing, and retail. Companies require skilled professionals to maintain accurate records and ensure compliance with financial regulations.

  • Growth Potential: The industry is experiencing moderate growth, driven by advancements in technology and data management systems. Automation and improved software solutions may change the nature of the role, but the essential requirement for precise data entry remains, thereby sustaining demand for skilled clerks.

  • Geographical Hotspots: Several areas in Missouri show a higher concentration of job opportunities:

    • St. Louis: As a major economic hub, St. Louis boasts a variety of financial institutions and corporate offices that require data entry clerks.
    • Kansas City: Known for its diverse economy, Kansas City is home to numerous businesses in need of financial data management professionals.
    • Springfield: This city has a growing healthcare sector and small to medium-sized businesses that frequently hire financial data entry clerks.
    • Columbia: With its numerous educational institutions and startups, Columbia presents opportunities for clerks to engage with varied financial data management tasks.
  • Remote Work Opportunities: The demand for remote work has risen, allowing financial data entry clerks to work for companies located outside their immediate geographical area. Many businesses now offer positions that can be fulfilled remotely, broadening the job market for candidates across Missouri.

Missouri's job market for Financial Data Entry Clerks reflects a blend of established demand and evolving opportunities, positioning you well for a career in this field.

Additional Resources To Help You Become a Financial Data Entry Clerk in Missouri

  • National Association of State Boards of Accountancy (NASBA)
    Explore resources related to accounting and finance practices, and stay updated on industry standards.
    Website

  • American Institute of CPAs (AICPA)
    Access a wide range of guidance, resources, and continuing education opportunities for finance professionals.
    Website

  • Bureau of Labor Statistics (BLS)
    Check the Occupational Outlook Handbook for information on job outlook, salary data, and duties for financial data entry clerks.
    Website

  • Missouri Division of Workforce Development
    Find local job training programs and resources specific to Missouri. This site can help you connect with training for financial data entry positions.
    Website

  • LinkedIn Learning
    Access online courses related to data entry, Excel, and finance that can enhance your skills and employability.
    Website

  • Excel Easy
    Learn Excel basics and advanced functions, essential skills for financial data entry clerks.
    Website

  • Coursera
    Participate in courses offered by universities on data management, finance fundamentals, and spreadsheets, which are all relevant to your role.
    Website

  • Missouri State Library
    Utilize the resources available at your local library, including career guides and workforce development information specific to Missouri.
    Website

  • Indeed Career Advice
    Find articles, salary information, and tips for job seekers in the finance sector.
    Website

  • CareerOneStop
    Explore resources related to job searches, occupational information, and career assessments. This site is sponsored by the U.S. Department of Labor.
    Website

Frequently Asked Questions (FAQs) About Financial Data Entry Clerk in Missouri

  • What are the primary responsibilities of a Financial Data Entry Clerk?
    As a Financial Data Entry Clerk, your main tasks include inputting financial data into databases, ensuring accuracy and consistency of financial records, reconciling discrepancies, and assisting in the preparation of financial reports. You may also manage spreadsheets and handle sensitive financial information.

  • What qualifications are needed to become a Financial Data Entry Clerk?
    Most employers require a high school diploma or equivalent. Proficiency in data entry and knowledge of accounting software are essential. Some positions may prefer candidates with an associate's degree in finance, accounting, or a related field.

  • Is prior experience necessary for this role?
    While prior experience in data entry or finance can be beneficial, many entry-level positions do not require extensive experience. Employers often provide training for specific software and procedures.

  • What skills should a successful Financial Data Entry Clerk possess?
    Key skills include:

    • Strong attention to detail
    • Excellent typing speed and accuracy
    • Proficient in Microsoft Excel and other data management software
    • Basic knowledge of accounting principles
    • Good organizational and time management abilities
  • What is the typical work environment for a Financial Data Entry Clerk?
    You will generally work in an office setting, either in-house at a company or remotely. The role may involve long periods of sitting at a computer, so a comfortable workspace is important.

  • What are the career advancement opportunities available in this field?
    With experience and additional training, you could advance to roles such as Accounting Clerk, Financial Analyst, or even Finance Manager. Further education, such as obtaining a bachelor's degree in finance or accounting, can also enhance advancement potential.

  • How is the job outlook for Financial Data Entry Clerks in Missouri?
    The demand for financial data entry clerks is stable, as businesses continuously need personnel to manage financial data. Job opportunities may vary by region and industry, so it’s advisable to research specific local markets.

  • What is the average salary for a Financial Data Entry Clerk in Missouri?
    Salaries can vary based on location, experience, and the specific employer. As of the latest data, the average annual salary for a Financial Data Entry Clerk in Missouri typically ranges from $30,000 to $45,000.

  • What are the typical work hours for this position?
    Most Financial Data Entry Clerks work full-time hours, typically Monday through Friday, during standard business hours. Depending on the employer, there may be options for overtime or flexible schedules.

  • Are there opportunities for remote work in this career?
    Yes, many employers offer remote work options for Financial Data Entry Clerks, especially since the role primarily involves computer-based tasks. You should confirm specific remote work policies when applying for positions.