Margin clerk vs accounts receivable clerk

Differences between margin clerk and accounts receivable clerk 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 receivable clerk example responsibilities.

• Manage and monitor weekly bank deposit runs and record deposits into QuickBooks.
• Manage profitable accounts receivable ledgers for existing and new clientele maintaining accuracy of monies enter to appropriate relate account.
• Obtain online reports of bank transactions, including deposits, ACH, EFT and wire payments from multiple banking institutions.
• Utilize QuickBooks accounting software for billing/invoices, generate statements.
• Perform necessary adjustments using knowledge of Medicare and all third party insurance.
• Investigate and resolve any out-of-balances including credit card discrepancies / lockbox exceptions.
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