Top 5 Jobs in Financial Services That Are Most at Risk from AI in Salt Lake City - And How to Adapt
Last Updated: August 26th 2025

Too Long; Didn't Read:
Salt Lake City finance roles most exposed to AI include back‑office clerks, contract/procurement analysts, HR coordinators, underwriting/claims processors, and middle‑office analysts. With 78% of firms using AI and $35B industry investment (banks $21B in 2023), upskilling in AI, data and vendor integrations is critical.
Salt Lake City finance professionals should pay close attention: artificial intelligence is no longer a distant trend but a practical force reshaping banking operations, risk management and customer experience - EY explains how GenAI is driving efficiency across lending, compliance and advisory services - while industry data shows 78% of organizations now use AI in at least one function and financial firms invested roughly $35 billion in 2023, with banks accounting for about $21 billion, driving workflow-level automation that affects back-office clerks, underwriters and claims processors.
Local banks and fintechs in Utah can already use chatbots to speed contact-center resolutions and vendor spend analytics to spot maverick buying, so upskilling matters; Nucamp's AI Essentials for Work bootcamp is a practical 15-week path to learn prompt-writing and on-the-job AI skills (register or view the syllabus) that help finance workers adapt where automation is most likely to bite.
For Salt Lake City roles, understanding AI's efficiency and governance trade-offs is the first step toward staying indispensable.
Bootcamp | Details |
---|---|
AI Essentials for Work | 15 Weeks; Courses: AI at Work: Foundations, Writing AI Prompts, Job Based Practical AI Skills; Cost: $3,582 early bird / $3,942 after; Paid in 18 monthly payments; Syllabus: AI Essentials for Work syllabus (15-week curriculum); Registration: Register for AI Essentials for Work at Nucamp |
“This year it's all about the customer.” - Morgan Stanley
Table of Contents
- Methodology: How we identified the top 5 at-risk jobs
- Back-office Finance / Accounting Clerks
- Contract Managers and Procurement Analysts
- HR/Recruiting Coordinators
- Insurance Underwriting Assistants and Claims Processors
- Financial Operations & Middle-Office Analysts
- Conclusion: Practical next steps for Utah finance workers and local resources
- Frequently Asked Questions
Check out next:
Get a concise checklist of next steps and local AI resources to help Salt Lake City teams move from planning to production in 2025.
Methodology: How we identified the top 5 at-risk jobs
(Up)Methodology: identification of the five finance roles most at risk from AI in Salt Lake City combined city-level forecasts, statewide labor trends and the specific skills employers are demanding - MMG's 2025 market snapshot (which projects a low 2.7% unemployment and 13,800 new jobs in the metro) was used to anchor local exposure, while statewide reports showing strong job growth (about 2.1%–1.9% year‑over‑year) and a tech-heavy talent pool helped flag which functions are easiest to automate; attention then focused on occupational concentration (nearly half of Utah's jobs sit in Salt Lake County, and one in four jobs are in Salt Lake City - over 400,000 roles) and the skill signals that predict displacement or resilience, such as demand for data analysis, cloud computing and AI capabilities.
Roles were scored by overlap of routine task content, local hiring intensity, and proximity to tech adoption to produce the ranked “at-risk” list for Salt Lake City finance workers.
For the underlying data, see the Salt Lake City forecast and Utah job-market skills analysis linked below.
Metric | Value | Source |
---|---|---|
Salt Lake City projection (2025) | Unemployment 2.7%; +13,800 jobs | Salt Lake City 2025 economic forecast (MMG) |
Utah statewide growth | Job growth ~2.1%; unemployment ~3.1% | Utah 2025 economy and job creation analysis (Utah News Dispatch) |
In-demand skills | Data analysis, cloud computing, AI | Utah in-demand skills report (Recruiting Connection) |
“Labor market indicators remain robust, with broad job expansions across industries and a low unemployment rate.” - Ben Crabb, chief economist
Back-office Finance / Accounting Clerks
(Up)Back‑office finance and accounting clerks in Salt Lake City are on the front line of automation: routine, high-volume tasks like data entry, invoice processing, account reconciliation and basic tax prep are precisely the work GenAI and RPA are designing to absorb, and Thomson Reuters notes GenAI adoption in tax and accounting jumped to 21% in 2025 with half of staff already using open‑source tools for day‑to‑day tasks - so those who only handle transactions risk being sidelined.
Local banks and fintechs that already deploy chatbots and vendor analytics can increasingly route predictable exceptions to machines, turning accounts receivable and payable into engines for faster cash flow and fewer disputes rather than headcount-heavy functions; industry research shows automation also helps firms solve the talent shortage by freeing staff for strategic work.
For Salt Lake City clerks, the practical move is clear: pair domain knowledge with workflow automation skills and vendor‑spend or AR automation experience so a nightly invoice batch gets processed in minutes while human attention shifts to exceptions, advisory and relationship work - an outcome that preserves value for both workers and employers.
Learn more about AI's impact on accounting and practical automation use cases in the resources below.
“Accounting is not just about counting beans; it's about making every bean count.” - William Reed
Contract Managers and Procurement Analysts
(Up)Contract managers and procurement analysts in Salt Lake City should watch CLM (contract lifecycle management) tools the way treasury watches overnight liquidity: CLM platforms automate workflows, surface renewal dates and hidden rebate language, and validate invoices against contract terms so routine reviews and three-ring-binder searches become a machine-driven, auditable process - exactly the gains Icertis highlights when it says CLM turns procurement into a faster, less error-prone function through automation and analytics (Icertis contract lifecycle management benefits for procurement processes).
DocuSign and other vendors show the payoff in cycle time and cash recovery - faster negotiations, fewer missed renewals, and measurable savings from reduced contract leakage (DocuSign CLM benefits on procurement speed and cash recovery) - and AI-powered platforms can even flag risky clauses or match invoices automatically so a stack of renewal notices no longer becomes a week-long firefight.
For Salt Lake City finance teams, the practical adaptation is to shift from manual clause-checking to systems-integration and exception management: learn ERP/CLM connectors, vendor-spend analytics and how to train models to surface maverick buying, turning procurement expertise into strategic supplier management rather than headline-grabbing paperwork (vendor and contract spend analytics for Salt Lake City finance teams).
HR/Recruiting Coordinators
(Up)HR and recruiting coordinators in Salt Lake City are squarely in AI's sights because the role is built on high‑volume, repeatable tasks - resume triage, interview scheduling, status updates and basic screening - that tools are already doing faster and cheaper; research shows the typical time‑to‑hire of 42 days can shrink by about 75% (roughly a monthlong slog turning into a ten‑day sprint) and roughly 88% of companies now use some form of AI for initial screening, so local coordinators who only run administrative funnels risk being trimmed as teams lean on automation.
The upside is real: AI can surface better candidate matches, cut cost‑per‑hire and free recruiters to do the human work that machines can't - relationship building, nuanced cultural fit conversations and coaching candidates through tough offers - but that requires new skills (ATS/AI tool configuration, analytics, bias audits and candidate experience design) and ethical guardrails to avoid dehumanized hiring.
For pragmatic Salt Lake City adaptation, learn how AI augments sourcing and engagement, insist on transparency in vendor tools, and treat AI as a force multiplier that turns processing time into strategic time - see the staffing industry analysis for implementation details and SHRM's guidance on responsible adoption.
Metric | Value / Impact |
---|---|
Average time‑to‑hire | 42 days (AI can cut by ~75% → ≈10 days) |
AI in initial candidate screening | ~88% of companies use AI (Frontall) |
Organizations adopting AI in hiring | 35%–45% (SHRM estimate) |
“Just because you can doesn't mean you should.”
Insurance Underwriting Assistants and Claims Processors
(Up)Insurance underwriting assistants and claims processors in Salt Lake City face a clear, practical pressure: routine intake, verification and low‑complexity adjudication are prime targets for AI that can sift documents, score risk and route exceptions in real time, leaving humans to handle nuance and high‑risk cases.
“turn unstructured data into actionable analytics,”
speeding decisions that once took days into minutes or even seconds and improving consistency, while automated claims flows cut settlement time and dispute rates - industry reporting shows underwriting cycle times can fall by as much as 90% and claims settlements speed up 30–50% with automation.
For Utah teams that process high volumes of personal and property submissions, the sensible response is to pair underwriting know‑how with data literacy and exception‑management skills: learn how models are validated, how OCR/NLP feeds clean data, how to tune business rules and how to document explainability and audit trails so regulators and customers stay protected.
Practical local moves include mastering vendor integrations, fraud/anomaly flags and straight‑through processing design so an “underwriting assistant” becomes a force‑multiplier rather than a replacement - see Indico Data analysis of underwriting automation and Superblocks automated insurance underwriting guide for implementation details.
Metric | Reported Impact | Source |
---|---|---|
Underwriting turnaround | Reduced up to ~90% (minutes/seconds) | Superblocks automated insurance underwriting guide |
Claims settlement speed | 30%–50% faster | Limit report on automation's impact in insurance |
Carrier need for configurable claims intake | ~87% report demand for innovation in claims intake | Indico Data analysis of underwriting automation |
Financial Operations & Middle-Office Analysts
(Up)Financial operations and middle‑office analysts in Salt Lake City should treat AI as both a threat and a lever: McKinsey finds asset managers can unlock the equivalent of 25–40% of their cost base by applying AI to distribution, streamlining investment processes and automating compliance, which means routine middle‑office work - reconciliations, report generation and exception routing - can be compressed from hours to minutes and refocused on governance and model validation (McKinsey: AI value in asset management).
Practical moves for Utah teams are obvious: invest first in content intelligence and unified data platforms so the 80–90% of unstructured data doesn't block automation, then roll out high‑value, low‑complexity use cases like document extraction and exception handling before scaling to portfolio analytics and decision augmentation - Hyland's research on automated document processing and AI‑readiness outlines these priorities (Hyland: automated document processing and AI readiness for financial services).
Local banks and fintechs can thus reclaim margin and speed while elevating analysts into oversight, exception management and AI‑ops roles; for Salt Lake City practitioners, the winning skill set combines data fluency, vendor integration and explainability.
Area | Estimated Efficiency Impact | Source |
---|---|---|
Client‑facing roles | ~9% | McKinsey: client‑facing AI efficiency estimates |
Investment management | ~8% | McKinsey: investment management AI impact |
Risk & compliance | ~5% | McKinsey: risk and compliance automation |
Technology / software development | ~20% | McKinsey: technology and software AI productivity |
“Use cases now are only scratching the surface; this will revolutionize process building.”
Conclusion: Practical next steps for Utah finance workers and local resources
(Up)Salt Lake City finance workers have clear, practical steps to stay ahead: start small and local - take a low‑cost SLCC AI@Work workshop (many run for a day at $29–$39) to practice prompting and map automation opportunities, join statewide conversations like the Utah AI Summit to network with employers and policymakers, and if a deeper, job‑focused pathway is needed, consider a structured course such as Nucamp's 15‑week AI Essentials for Work program that teaches prompt writing and on‑the‑job AI skills (early bird pricing available).
Parallel moves that protect careers include an internal AI use assessment, tighter acceptable‑use controls and learning vendor integrations so routine tasks become exception‑handling roles rather than headcount cuts; think of it as swapping a week of repetitive work for time spent advising customers and solving the edge cases only humans can handle.
For quick wins, combine a one‑day SLCC session with local events and a focused bootcamp to build both immediate tools and long‑term resilience.
Resource | What it offers | Link |
---|---|---|
SLCC AI@Work workshops | 1‑day workshops; learn prompting, workflow automation; cost $29–$39 | SLCC AI@Work workshops information and registration |
Utah AI Summit | Statewide policy & workforce convening; networking with industry and government | Utah AI Summit official site and event details |
Nucamp - AI Essentials for Work | 15 weeks; practical AI at work curriculum; prompt writing and job‑based AI skills; early bird $3,582 | Nucamp AI Essentials for Work registration and syllabus |
Frequently Asked Questions
(Up)Which five financial services roles in Salt Lake City are most at risk from AI?
The article identifies five finance roles most exposed to AI in Salt Lake City: back‑office finance and accounting clerks, contract managers and procurement analysts, HR/recruiting coordinators, insurance underwriting assistants and claims processors, and financial operations/middle‑office analysts. These roles are high in routine, repeatable tasks that GenAI, RPA and CLM tools can automate.
What local factors and data were used to determine which jobs are at risk?
Methodology combined city‑level forecasts (Salt Lake City 2025 projection: 2.7% unemployment, +13,800 jobs), statewide labor trends (Utah job growth ~2.1%), occupational concentration (large share of state jobs in Salt Lake County/City) and in‑demand skills signals (data analysis, cloud computing, AI). Roles were scored for routine task overlap, local hiring intensity and proximity to tech adoption to produce the ranked list.
How can Salt Lake City finance workers adapt to reduce the risk of displacement?
Practical adaptation strategies include upskilling in workflow automation and vendor integrations (ERP/CLM), gaining data literacy (OCR/NLP, model validation, explainability), learning AI tool configuration and bias auditing for HR roles, and shifting to exception management, advisory and oversight tasks. Combine short workshops (e.g., 1‑day SLCC AI@Work) with targeted training like Nucamp's 15‑week AI Essentials for Work to learn prompt writing and job‑based AI skills.
What measurable impacts has AI shown on finance and insurance processes?
Industry reporting cited in the article shows substantial efficiency gains: underwriting cycle times can fall by up to ~90%, claims settlements can speed up 30–50%, hiring time‑to‑hire can shrink by ~75% (from 42 days to about 10 days), and firms broadly report AI adoption across functions (78% of organizations use AI somewhere, banks invested ~$21B of $35B in 2023). McKinsey estimates asset managers can unlock 25–40% of cost base with AI.
What local resources are recommended for immediate and deeper reskilling in Salt Lake City and Utah?
Recommended local resources include 1‑day SLCC AI@Work workshops (prompting and workflow automation, $29–$39) for quick hands‑on practice, the Utah AI Summit for networking with employers and policymakers, and Nucamp's AI Essentials for Work 15‑week bootcamp (courses on AI at Work foundations, prompt writing, job‑based AI skills; early bird price $3,582) for a deeper, job‑focused pathway.
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Ludo Fourrage
Founder and CEO
Ludovic (Ludo) Fourrage is an education industry veteran, named in 2017 as a Learning Technology Leader by Training Magazine. Before founding Nucamp, Ludo spent 18 years at Microsoft where he led innovation in the learning space. As the Senior Director of Digital Learning at this same company, Ludo led the development of the first of its kind 'YouTube for the Enterprise'. More recently, he delivered one of the most successful Corporate MOOC programs in partnership with top business schools and consulting organizations, i.e. INSEAD, Wharton, London Business School, and Accenture, to name a few. With the belief that the right education for everyone is an achievable goal, Ludo leads the nucamp team in the quest to make quality education accessible