Recruiter's Glossary

Examples: Storage Security • Electronic Record Keeping • Federal Regulations

Transaction Record

Term from Pawn Brokerage industry explained for recruiters

A Transaction Record is a detailed documentation of pawn shop activities, including loans given, items received, and payments made. It's like a diary of every business interaction that happens in a pawn shop. These records help track customer interactions, maintain legal compliance, and manage inventory. Different shops might call it a "pawn record," "transaction log," or "customer history." This documentation is crucial for pawn shops to stay organized and follow state regulations about recording lending activities and item purchases.

Examples in Resumes

Maintained accurate Transaction Records for over 1,000 monthly pawn loans

Implemented digital Transaction Records system, improving efficiency by 40%

Supervised daily Transaction Records and Pawn Records for compliance with state regulations

Typical job title: "Pawn Brokers"

Also try searching for:

Pawnbroker Pawn Shop Manager Loan Officer Pawn Shop Clerk Transaction Specialist Pawn Shop Associate

Where to Find Pawn Brokers

Professional Organizations

Job Resources

Example Interview Questions

Senior Level Questions

Q: How would you handle a situation where transaction records don't match the physical inventory?

Expected Answer: A senior candidate should discuss systematic approaches to reconciliation, including conducting thorough audits, reviewing security footage, checking recent transactions, and implementing new procedures to prevent future discrepancies.

Q: What system would you implement to ensure transaction records meet all state compliance requirements?

Expected Answer: Should explain creating a comprehensive checklist system, regular staff training, implementing double-check procedures, and maintaining relationships with local authorities for updates on regulations.

Mid Level Questions

Q: What information must be included in every transaction record?

Expected Answer: Should list essential elements like customer identification, item description, loan amount, interest rate, duration, and any unique item identifiers or serial numbers.

Q: How do you maintain customer privacy while keeping detailed transaction records?

Expected Answer: Should discuss secure filing systems, password protection, limited access protocols, and proper disposal of outdated records.

Junior Level Questions

Q: What steps do you take when creating a new transaction record?

Expected Answer: Should describe basic process of collecting customer ID, photographing items, recording serial numbers, and entering data into the system accurately.

Q: How do you organize daily transaction records?

Expected Answer: Should explain basic filing systems, both digital and physical, and demonstrate understanding of chronological organization and backup procedures.