Margin clerk vs accounts payable assistant

Differences between margin clerk and accounts payable assistant duties and responsibilities

Margin clerk example responsibilities.

• Manage multiple deadlines for numerous payroll divisions and complex division budget reports with accurately and efficiently.
• Evaluate whether NYSE rules are violated.
• Maintain all records of securities that are due and are paid for by the due dates.
• Monitor institutional DVP (delivery versus payment) accounts for trade accuracy, timely settlements, and problem resolutions.
• Authorize and aid in the delivery of various securities between firm brokers, customer accounts, and other brokerage firms.
• Maintain and provide timely and accurate reconciliations of various general ledger accounts and perform special projects as assigned.
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Accounts payable assistant example responsibilities.

• Manage revenue ledger including other subsidiary ledgers and responsible for the reconciliation of various income accounts to ensure accuracy of postings.
• Issue weekly payments to vendors by check, ACH, domestic wire, and international wire in USD and other currencies.
• Assist in accounts payable/receivable including check deposits, credit card payments, ACH payments, credits, check runs, etc.
• Compose effective accounting reports summarizing accounts payable data using QuickBooks.
• Prepare payroll for salary and hourly personnel, including necessary reports for regulatory bodies.
• Respond to payroll accounting inquires; provide resolution, information, or direction accordingly.
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