Occupation Summary

Credit Authorizers, Checkers, and Clerks

O*NET 43-4041.00

Description:

Authorize credit charges against customers' accounts. Investigate history and credit standing of individuals or business establishments applying for credit. May interview applicants to obtain personal and financial data, determine credit worthiness, process applications, and notify customers of acceptance or rejection of credit.

Annual Wages:
$56,659.00
Employment Rate:
Employment is expected to increase by 2.68%.
Education Level:
High School Diploma - or the equivalent (for example, GED). According to O*Net, the majority of people employed in this occupation have this level of education.
Endorsement:
Business and Industry

  1. Keep records of customers' charges and payments.
  2. Compile and analyze credit information gathered by investigation.
  3. Obtain information about potential creditors from banks, credit bureaus, and other credit services, and provide reciprocal information if requested.
  4. Interview credit applicants by telephone or in person to obtain personal and financial data needed to complete credit report.
  5. Evaluate customers' computerized credit records and payment histories to decide whether to approve new credit, based on predetermined standards.
  6. File sales slips in customers' ledgers for billing purposes.
  7. Receive charge slips or credit applications by mail, or receive information from salespeople or merchants by telephone.
  8. Mail charge statements to customers.
  9. Examine city directories and public records to verify residence property ownership, bankruptcies, liens, arrest record, or unpaid taxes of applicants.
  10. Relay credit report information to subscribers by mail or by telephone.
  11. Prepare credit cards or charge account plates.
  12. Call customers to collect payment on delinquent accounts.
  13. Consult with customers to resolve complaints or verify financial or credit transactions.
  14. Contact former employers and other acquaintances to verify applicants' references, employment, health history, or social behavior.
  15. Prepare reports of findings and recommendations.
  16. Review individual or commercial customer files to identify and select delinquent accounts for collection.


National Industry Employment Patterns


Industry % of Credit Authorizers, Checkers, and Clerks employed Annual Growth Rate
Nondepository credit intermediation 15.1 -0.83
Business support services 9.2 0.00
Furniture and home furnishings retailers 2.6 0.00
Office administrative services 2.6 2.26
General medical and surgical hospitals 2.2 -2.84
Automobile dealers 2.2 -2.84


Labor Market Information


2024 Statewide average hourly wage $27.24
2024 National average hourly wage $24.65
2022 National employment 16,400
2022 Texas employment 1,606
Texas projected employment by 2032 1,649
Texas projected annual employment and Turnover openings through 2032 141




TEXAS COUNTY MAP BY WORKFORCE DEVELOPMENT AREA
* Due to confidentiality rules, not all regions may have the data displayed. The sum of all the regions may not be equal to the state total.


Top 10 Relevant Knowledge Areas Relevant Importance Levels
Customer and Personal Service
Knowledge of principles and processes for providing customer and personal services. This includes customer needs assessment, meeting quality standards for services, and evaluation of customer satisfaction.
81.20%
English Language
Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.
73.40%
Mathematics
Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.
72.20%
Law and Government
Knowledge of laws, legal codes, court procedures, precedents, government regulations, executive orders, agency rules, and the democratic political process.
67.40%
Administrative
Knowledge of administrative and office procedures and systems such as word processing, managing files and records, stenography and transcription, designing forms, and workplace terminology.
66.80%
Economics and Accounting
Knowledge of economic and accounting principles and practices, the financial markets, banking, and the analysis and reporting of financial data.
66.60%
Computers and Electronics
Knowledge of circuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming.
63.80%
Administration and Management
Knowledge of business and management principles involved in strategic planning, resource allocation, human resources modeling, leadership technique, production methods, and coordination of people and resources.
62.60%
Sales and Marketing
Knowledge of principles and methods for showing, promoting, and selling products or services. This includes marketing strategy and tactics, product demonstration, sales techniques, and sales control systems.
54.00%
Psychology
Knowledge of human behavior and performance; individual differences in ability, personality, and interests; learning and motivation; psychological research methods; and the assessment and treatment of behavioral and affective disorders.
47.40%


Top 10 Relevant Skill Areas Relevant Importance Levels
Reading Comprehension
Understanding written sentences and paragraphs in work-related documents.
72.40%
Active Listening
Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
72.40%
Speaking
Talking to others to convey information effectively.
72.40%
Critical Thinking
Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions, or approaches to problems.
65.00%
Writing
Communicating effectively in writing as appropriate for the needs of the audience.
62.40%
Social Perceptiveness
Being aware of others' reactions and understanding why they react as they do.
62.40%
Time Management
Managing one's own time and the time of others.
62.40%
Judgment and Decision Making
Considering the relative costs and benefits of potential actions to choose the most appropriate one.
60.00%
Coordination
Adjusting actions in relation to others' actions.
60.00%
Monitoring
Monitoring/Assessing performance of yourself, other individuals, or organizations to make improvements or take corrective action.
60.00%


Top 10 Relevant Abilities Relevant Importance Levels
Oral Comprehension
The ability to listen to and understand information and ideas presented through spoken words and sentences.
72.40%
Written Comprehension
The ability to read and understand information and ideas presented in writing.
70.00%
Oral Expression
The ability to communicate information and ideas in speaking so others will understand.
70.00%
Problem Sensitivity
The ability to tell when something is wrong or is likely to go wrong. It does not involve solving the problem, only recognizing that there is a problem.
70.00%
Near Vision
The ability to see details at close range (within a few feet of the observer).
70.00%
Deductive Reasoning
The ability to apply general rules to specific problems to produce answers that make sense.
65.00%
Inductive Reasoning
The ability to combine pieces of information to form general rules or conclusions (includes finding a relationship among seemingly unrelated events).
65.00%
Speech Recognition
The ability to identify and understand the speech of another person.
65.00%
Speech Clarity
The ability to speak clearly so others can understand you.
65.00%
Written Expression
The ability to communicate information and ideas in writing so others will understand.
62.40%


  • Getting Information
    -- Observing, receiving, and otherwise obtaining information from all relevant sources.
  • Working with Computers
    -- Using computers and computer systems (including hardware and software) to program, write software, set up functions, enter data, or process information.
  • Communicating with People Outside the Organization
    -- Communicating with people outside the organization, representing the organization to customers, the public, government, and other external sources. This information can be exchanged in person, in writing, or by telephone or e-mail.
  • Communicating with Supervisors, Peers, or Subordinates
    -- Providing information to supervisors, co-workers, and subordinates by telephone, in written form, e-mail, or in person.
  • Documenting/Recording Information
    -- Entering, transcribing, recording, storing, or maintaining information in written or electronic/magnetic form.
Other Activities


  • Relationships
    - Occupations that satisfy this work value allow employees to provide service to others and work with co-workers in a friendly non-competitive environment. Corresponding needs are Co-workers, Moral Values and Social Service.
  • Support
    - Occupations that satisfy this work value offer supportive management that stands behind employees. Corresponding needs are Company Policies, Supervision: Human Relations and Supervision: Technical.



Tools

Laser fax machine: Laser facsimile machines;

Laser printers: Computer laser printers;

Magnetic stripe readers and encoders: Credit card processing machines;

Personal computers: Personal computers;

Photocopiers: Copy machines;

Printer calculator: Printing calculators;

Scanners: Computer data input scanners;

Special purpose telephones: Multiline telephone systems;

Typewriters: Electric typewriters;


Technology

Accounting software: Accounting software; Financial accounting software;

Business intelligence and data analysis software: Tableau;

Data base user interface and query software: Microsoft Access; Structured query language SQL;

Electronic mail software: Email software; Microsoft Outlook;

Enterprise resource planning ERP software: SAP software;

Financial analysis software: Equifax software; Experian software;

Internet browser software: Microsoft Internet Explorer; Web browser software;

Office suite software: Microsoft Office software;

Presentation software: Microsoft PowerPoint;

Project management software: Microsoft SharePoint;

Spreadsheet software: Spreadsheet programs; Microsoft Excel;

Word processing software: Microsoft Word;


Related O*NET occupational titles for Credit Authorizers, Checkers, and Clerks include:
  • 43-3011.00 Bill and Account Collectors
  • 43-3021.00 Billing and Posting Clerks
  • 43-3031.00 Bookkeeping, Accounting, and Auditing Clerks
  • 13-2071.00 Credit Counselors
  • 43-4051.00 Customer Service Representatives
  • 43-9041.00 Insurance Claims and Policy Processing Clerks
  • 43-4131.00 Loan Interviewers and Clerks
  • 13-2072.00 Loan Officers
  • 43-4141.00 New Accounts Clerks
  • 13-2081.00 Tax Examiners and Collectors, and Revenue Agents


Sources of Additional Information
  • For more information about financial clerks, visit: American Bankers Association
  • Mortgage Bankers Association
  • CareerOneStop

  • For a career video on brokerage clerks, visit: Brokerage Clerks
  • For a career video on credit authorizers, checkers and clerks, visit: Credit Authorizers, Checkers, and Clerks
  • For a career video on insurance claims and policy processing clerks, visit: Insurance Claims and Policy Processing Clerks
  • For a career video on payroll and timekeeping clerks, visit: Payroll and Timekeeping Clerks
  • Billing and Posting Clerks
  • Brokerage Clerks
  • Credit Authorizers, Checkers, and Clerks
  • Gambling Cage Workers
  • Insurance Claims and Policy Processing Clerks
  • Loan Interviewers and Clerks
  • New Accounts Clerks
  • Payroll and Timekeeping Clerks
  • Procurement Clerks

  • Contact Texas Workforce Commission
    Labor Market and Career Information  |  101 E. 15th Street, Annex Room 0252  |  Austin, Texas 78778
    Official Website  |  1-800-822-PLAN (7526)  |  512.936.3200

    ** The information in this report may be derived from many sources like O*NET, BLS (Bureau of Labor Statistics), OOH (Occupational Outlook Handbook), and Career One Stop.