IS WORK OVER?

Automation index

How much of a Back-office clerk’s job can AI already do?

A match comes earlier. The trade settling without hanging do not.

This percentage does not predict how many people will lose their jobs.

Task comparison

Back-office clerk

Where the time goes

Task weights are our estimates based on O*NET frequency data, not time shares published by O*NET.

The time saving for each task is estimated separately.

TaskShareAIPoints
Matching, settlement and the fail.
Estimate

No public source provides a precise figure. This is our estimate.

18%48%+8.6
Custody, corporates and the one that does not square.
Estimate

No public source provides a precise figure. This is our estimate.

16%40%+6.4
Reconcile, the nostro and the gap.
Estimate

No public source provides a precise figure. This is our estimate.

16%22%+3.5
Regulatory, the report and the deadline.
Estimate

No public source provides a precise figure. This is our estimate.

16%28%+4.5
The desk, the rush and not leaving the fail.
Estimate

No public source provides a precise figure. This is our estimate.

18%14%+2.5
That it settles, and not hanging.
Estimate

No public source provides a precise figure. This is our estimate.

16%12%+1.9
Total100%27%

Modelled workweek: 100% · Public evidence: 0% · Estimate: 100% · Confidence: Low

Skills and activities

  • matching
  • settlement
  • custody
  • reconcile nostro
  • fails
  • corporate actions
  • regulatory reports
  • hung trades

Sources for this job· O*NET 43-4011.00· ESCO/ISCO 4312

Auditor

Where the time goes

Task weights are our estimates based on O*NET frequency data, not time shares published by O*NET.

The time saving for each task is estimated separately.

TaskShareAIPoints
Supervise auditing of establishments, and determine scope of investigation required.
Estimate

No public source provides a precise figure. This is our estimate.

12%22%+2.6
Analyze business operations, trends, costs, revenues, financial commitments, and obligations to project future revenues and expenses or to provide advice.
Estimate

No public source provides a precise figure. This is our estimate.

9%48%+4.3
Develop, implement, modify, and document recordkeeping and accounting systems, making use of current computer technology.
Estimate

No public source provides a precise figure. This is our estimate.

8%55%+4.4
Report to management regarding the finances of establishment.
Estimate

No public source provides a precise figure. This is our estimate.

7%55%+3.9
Inspect account books and accounting systems for efficiency, effectiveness, and use of accepted accounting procedures to record transactions.
Estimate

No public source provides a precise figure. This is our estimate.

7%55%+3.9
Prepare adjusting journal entries.
Estimate

No public source provides a precise figure. This is our estimate.

7%28%+2
Review accounts for discrepancies and reconcile differences.
Estimate

No public source provides a precise figure. This is our estimate.

6%28%+1.7
Establish tables of accounts and assign entries to proper accounts.
Estimate

No public source provides a precise figure. This is our estimate.

6%28%+1.7
Other less frequent tasks (weight estimated from frequency).
Estimate

No public source provides a precise figure. This is our estimate.

38%28%+10.6
Total100%35%

Modelled workweek: 100% · Public evidence: 0% · Estimate: 100% · Confidence: Low

Skills and activities

  • ledger entries
  • close accounts
  • reconcile banks
  • accounting department processes
  • financial department processes
  • economics
  • corporate law
  • accounting
  • inspect tax returns
  • control financial resources

Sources for this job· O*NET 13-2011.00· ESCO/ISCO 2411

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