How to Become a Bond Interest Clerk
Career News December 30, 2013The role of a bond interest clerk is to ensure that every investor is paid their fair share of the bond’s interest. A large portion of the bond interest clerk’s time is spent checking and updating records, talking with customers, and resolving issues. The necessary skills for a bond interest clerk position include the ability to work independently, use proper judgment, problem solving, and customer service. When looking for a new clerk, most institutions will look for applicants who are proficient in these skills, on top of having a background in finance, whether it is relevant work experience or finance related degree.
Some employers may desire an associate’s or bachelor’s degree in accounting, statistics, business, business administration, finance, or financial services. Any of these degrees would adequately prepare an applicant to work in a financial organization, especially if a special study is made into the issues and business of bond administration. Because bond interest clerks will spend a great deal of time speaking with potential investors and fielding questions from current investors, it is important to be at least familiar with the terminology of bonds and interest.
Computer proficiency is also a requirement, as most institutions either keep records of or administer interest through computer programs. Though it is impossible to be sure that your future employer uses one of the programs you will learn, becoming familiar with computers, how they work, and the basics of at least a few financial programs, will set your application ahead of others. Your bachelor’s or associate’s program may include a class specifically about accounting and finance programs, but if it does not, seeking out a basic computer course may be beneficial.
Becoming adaptable and willing to learn is especially important, as bond interest clerks must perform a number of tasks per day and must be able to switch easily between tasks as needed. The attention to detail is important, as well. These skills can be developed on the job, as you become used to the work. Your application should reflect, however, your ability to learn and implement policies and techniques quickly.
