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What is a collateral clerk and how to become one

Updated January 8, 2025
2 min read
There is more than meets the eye when it comes to being a collateral clerk. For example, did you know that they make an average of $16.57 an hour? That's $34,476 a year! Between 2018 and 2028, the career is expected to grow -5% and produce -77,200 job opportunities across the U.S.
ScoreCollateral ClerkUS Average
Salary
2.7

Avg. Salary $34,476

Avg. Salary $59,228

Stability level
6.0

Growth rate -5%

Growth rate 0.3%

Diversity
2.7
Race

American Indian and Alaska Native 0.63%

Asian 6.52%

Black or African American 6.73%

Hispanic or Latino 14.31%

Unknown 3.96%

White 67.86%

Gender

female 78.79%

male 21.21%

Age - 53
Race

American Indian and Alaska Native 3.00%

Asian 7.00%

Black or African American 14.00%

Hispanic or Latino 19.00%

White 57.00%

Gender

female 47.00%

male 53.00%

Age - 53
Stress level
6.0

Stress level is manageable

7.1 - high

Complexity level
6.4

Complexity level is intermediate

7 - challenging

Work life balance
7.3

Work life balance is good

6.4 - fair

Key steps to become a collateral clerk

  1. Explore collateral clerk education requirements

    Most common collateral clerk degrees

    Bachelor's

    42.9 %

    High School Diploma

    23.8 %

    Associate

    23.8 %
  2. Start to develop specific collateral clerk skills

    SkillsPercentages
    Customer Service28.89%
    Data Entry23.57%
    Customer Accounts21.65%
    UCC14.31%
    Loan Payments11.59%
  3. Complete relevant collateral clerk training and internships

    Accountants spend an average of 1-3 months on post-employment, on-the-job training. New collateral clerks learn the skills and techniques required for their job and employer during this time. The chart below shows how long it takes to gain competency as a collateral clerk based on U.S. Bureau of Labor Statistics data and data from real collateral clerk resumes.
  4. Research collateral clerk duties and responsibilities

    • Manage revenue ledger including other subsidiary ledgers and responsible for the reconciliation of various income accounts to ensure accuracy of postings.
    • Manage revenue ledger including other subsidiary ledgers and responsible for the reconciliation of various income accounts to ensure accuracy of postings.
    • Compile and organize client data for taxation and litigation purposes; reconcile bank statements.
  5. Prepare your collateral clerk resume

    When your background is strong enough, you can start writing your collateral clerk resume.

    You can use Zippia's AI resume builder to make the resume writing process easier while also making sure that you include key information that hiring managers expect to see on a collateral clerk resume. You'll find resume tips and examples of skills, responsibilities, and summaries, all provided by Zippi, your career sidekick.

    Choose from 10+ customizable collateral clerk resume templates

    Build a professional collateral clerk resume in minutes. Browse through our resume examples to identify the best way to word your resume. Then choose from 10+ resume templates to create your collateral clerk resume.
    Collateral Clerk Resume
    Collateral Clerk Resume
    Collateral Clerk Resume
    Collateral Clerk Resume
    Collateral Clerk Resume
    Collateral Clerk Resume
    Collateral Clerk Resume
    Collateral Clerk Resume
    Collateral Clerk Resume
  6. Apply for collateral clerk jobs

    Now it's time to start searching for a collateral clerk job. Consider the tips below for a successful job search:

    1. Browse job boards for relevant postings
    2. Consult your professional network
    3. Reach out to companies you're interested in working for directly
    4. Watch out for job scams

How did you land your first collateral clerk job

Zippi

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Average collateral clerk salary

The average collateral clerk salary in the United States is $34,476 per year or $17 per hour. Collateral clerk salaries range between $24,000 and $48,000 per year.

Average collateral clerk salary
$34,476 Yearly
$16.57 hourly

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Updated January 8, 2025

Zippia Research Team
Zippia Team

Editorial Staff

The Zippia Research Team has spent countless hours reviewing resumes, job postings, and government data to determine what goes into getting a job in each phase of life. Professional writers and data scientists comprise the Zippia Research Team.

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