NOC 14201: Banking, insurance and other financial clerks

Official definition · Statistics Canada NOC 2021 v1.0 · statcan.gc.ca ↗

Banking, insurance and other financial clerks compile, process and maintain banking, insurance and other financial information. They are employed by banks, credit companies, private and public insurance establishments, investment firms and other financial establishments throughout the private and public sectors.

Median Pay$25.33/hrPrevailing median rate

TEER LevelLevel 4PNP streams

Priority StreamGeneral StreamCategory draws

Official Titles67 TitlesGovernment aliases

Interactive Reference Letter Tool

Official Main Duties for NOC 14201

Select the duties you perform in your actual job. Under IRCC guidelines, you must perform at least 60% of these duties for a successful work permit or PR reference letter.

🔎 Check Your Company Job Title67 official aliases

Checklist (17 official duties):Click each to toggle

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IRCC Reference Letter Rule:

Your employer reference letter must confirm you performed the main actions described in the duties above. Avoid copying words directly from the NOC description — officers expect natural job descriptions with specific company context.

Live Match Score⚠ Needs 11 More

0 of 17 selected

0%60% Recommended100%

Below 60% Target (0%)To qualify for NOC 14201, your employer letter should verify at least 11 main duties. Select 11 more to see if your experience matches.

Minimum Needed11 Duties

Current StatusIncomplete

Canadian Labour Market & PR Pathways for NOC 14201

Under Canada's National Occupational Classification (NOC 2021 Version 1.0), Banking, insurance and other financial clerks is categorized under TEER 4. Occupations in this tier typically require secondary school graduation or job-specific on-the-job training.

Express Entry Alignment

Classified under TEER 4, meaning this occupation does not qualify for direct Express Entry general pools. Candidates should focus on employer-driven Provincial Nominee Programs (PNP) or federal pilot pathways.

Target Category Status

Currently evaluated under standard General and CEC invitation rounds, or targeted through provincial in-demand lists such as Ontario (OINP), British Columbia (BC PNP), or Alberta (AAIP).

NOC 2016 to NOC 2021 Transition & Equivalency

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Under Canada's previous NOC 2016 classification, this occupation was mapped under the following 4-digit code(s). When preparing your Express Entry profile or work reference letters, you must use the new 5-digit code NOC 14201.

Former NOC 14344-Digit Legacy

Banking, insurance and other financial clerks

VC1 - Code Change

Job Bank Open Data (2025/2026)

Regional Wages Across Canada

Legal Benchmark for LMIA

Under Canadian immigration law, an employer hiring you under an LMIA must pay you at least the median wage listed below for your province.

Province / Territory	Low Wage	Median Wage	High Wage
Canada (National Average)	$18.46	$25.33/hr	$36.62
Newfoundland and Labrador →	$18.46/hr	$25/hr	$32.97/hr
Prince Edward Island →	$20.51/hr	$27.48/hr	$35/hr
Nova Scotia →	$17.79/hr	$20.79/hr	$26.67/hr
New Brunswick →	$16/hr	$22.33/hr	$30.77/hr
Quebec →	$21.98/hr	$29.33/hr	$38.46/hr
Ontario →	$18/hr	$25.48/hr	$35.9/hr
Manitoba →	$17/hr	$22.3/hr	$34.87/hr
Saskatchewan →	$17/hr	$27.31/hr	$35.38/hr
Alberta →	$15/hr	$26.87/hr	$39.06/hr
British Columbia →	$19.75/hr	$24/hr	$34/hr

Employment Requirements

These are the education, training, and certification standards usually required by Canadian employers for this occupation:

Completion of secondary school is required.
A business college diploma may be required.
On-the-job training and short-term training courses or programs specific to the financial establishment are usually required.

Official Job Titles for NOC 14201

67 Titles Listed

If your current job title matches any of these official examples, this NOC code is likely the right choice for your Express Entry reference letter:

actuarial clerkbank clerkcredit clerkdental claims clerkdividend calculation clerkinsurance clerk - financial sectorinsurance raterledger control clerkloan clerk - financial sectormortgage clerkpremium rater - insurancereal estate clerksecurities clerk - financial sectoraccounts clerk - financial sectoraccounts representative - financial sectorapplication reviewer - insuranceautomatic teller machine (ATM) clerkbenefits and entitlement clerk - insurancebrokerage clerkcalculation clerk - insuranceclaims clerk - insuranceclerk - financial sectorcontract clerk - financial sectorcontrol clerk - financial sectorcredit application clerk - financial sectorcredit assessment clerkcredit authorization clerkcredit register clerkdeath benefits clerkdisability benefits clerk - insurancediscount clerk - financial sectordividend calculation clerk - financial sectoremployee insurance clerkexchange rate clerk - financial sectorfinancial clerk - financial sectorforeign currency accounts adjuster - financial sectorforeign exchange clerk - financial sectorforeign remittance clerk - financial sectorgroup insurance clerkhospital insurance clerkinterest clerkledger control clerk - financial sectorledger control officer - financial sectorliability clerk - financial sectormargin calculation clerk - financial sectorpension administrator - insurance companypension plans clerk - insurancepersonal credit lines clerkpersonal lines clerk - insurancepolicy change clerk - insurancepolicy clerk - insurancepolicy information clerk - insuranceproof clerk - financial sectorproperty and equipment insurance clerkproperty clerkrealty clerkreconciliation clerk - financial sectorrenewal clerk - financial sectorreserves calculation clerk - financial sectorsafety deposit box clerksavings accounts clerk - financial sectorsenior claims clerkspecial endorsement clerk - insurancesuperannuation clerk - financial sectorsurgical-medical claims clerk - insurancevaluation clerk - financial sectorvault attendant - financial sector

Exclusions (Similar Jobs with Different Codes)

Check this list to make sure your actual job is not classified under one of these related codes:

Accounting technicians and bookkeepers (See 12200 Accounting technicians and bookkeepers)View NOC 12200→
Customer services representatives - financial institutions (See 64400 Customer services representatives - financial institutions)View NOC 64400→
Supervisors, finance and insurance office workers (See 12011 Supervisors, finance and insurance office workers)View NOC 12011→

Frequently Asked Questions for NOC 14201 (Banking, insurance and other financial clerks)

Essential answers regarding Express Entry eligibility, LMIA prevailing wage compliance, and official reference letter rules.

NOC 14201 is in TEER 4, which is not directly eligible for standard Express Entry pools. However, you can apply through Provincial Nominee Program (PNP) semi-skilled streams or employer-sponsored work permits.

For an LMIA work permit, your employer must offer at least the median wage of $25.33/hr (or the prevailing median rate in your specific Canadian province of employment).

Under Section 75(2) of the Immigration and Refugee Protection Regulations (IRPR), your employment reference letter must confirm you perform the actions in the lead statement and a substantial number (recommended at least 60%) of the official main duties listed above. You do not need to perform 100% of the duties.

Under Canada's previous NOC 2016 classification, Banking, insurance and other financial clerks was categorized under NOC 1434 (Banking, insurance and other financial clerks). In NOC 2021, it transitioned to NOC 14201 under TEER 4.

Because TEER 4 is not eligible for direct Express Entry, your best routes are employer-supported Provincial Nominee Program (PNP) semi-skilled streams (such as SINP in Saskatchewan, AAIP in Alberta, or MPNP in Manitoba) or federal pilot programs like the Agri-Food Pilot.

Topic Cluster • Business, Finance and Administration

Related Occupations & Alternative Career Codes

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If your daily responsibilities for Banking, insurance and other financial clerks overlap with other roles, compare duties and prevailing salaries across these closely related NOC codes:

NOC 14200

TEER 4

Accounting and related clerks

Accounting and related clerks calculate, prepare and process bills, invoices, accounts payable and receivable, budgets and other financial records according to established procedures. They are employed throughout the private and public sectors.

Median Pay$25/hr

Collection clerks collect payments on overdue accounts and bad cheques and locate debtors to make collection arrangements. They are employed by collection agencies, utility companies, department stores, loan companies, banks and credit unions, and by financial and licensing departments within governments.

Median Pay$28.2/hr

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Desktop publishing operators and related occupations

Desktop publishing operators and workers in related occupations use computers to enter copy into a typesetting system or operate typesetting output equipment to produce text that is ready to print. They are employed by firms that specialize in typesetting, commercial printing companies, publishing and printing companies and various establishments in the public and private sectors that have in-house printing departments.

Median Pay$23.77/hr

Data entry clerks input coded, statistical, financial and other information into computerized databases, spreadsheets or other templates using a keyboard, mouse, or optical scanner, speech recognition software or other data entry tools. They are employed in the private and public sectors.

Median Pay$23.5/hr

Financial managers plan, organize, direct, control and evaluate the operation of financial and accounting departments. They develop and implement the financial policies and systems of establishments. Financial managers establish performance standards and prepare various financial reports for senior management. They are employed in financial and accounting departments in companies throughout the public and private sectors and in government.

Median Pay$59.48/hr

Duties→

NOC 10011

TEER 0

Human resources managers

Human resources managers plan, organize, direct, control and evaluate the operations of human resources and personnel departments, and develop and implement policies, programs and procedures regarding human resource planning, recruitment, collective bargaining, training and development, occupation classification and pay and benefit administration. They represent management and participate actively on various joint committees to maintain ongoing relations between management and employees. They are employed throughout the private and public sectors.

Median Pay$57.69/hr

Duties→

Next Steps for NOC 14201

Check Your Express Entry Score & Latest Cutoffs

Calculate your exact Comprehensive Ranking System (CRS) score for NOC 14201, explore your TEER 4 immigration pathways, and check recent draw cutoffs.

Calculate CRS Score →View Draw Trends →TEER 4 Guide →

NOC data: Statistics Canada NOC 2021 v1.0

Wages: ESDC Job Bank 2025/2026 Open Data

·Last verified: September 2026