Insurance, real estate and financial brokerage managers (NOC 0121)

High opportunity occupation

About this job

Insurance, real estate and financial brokerage managers negotiate, organize and direct the activities of companies or departments that provide insurance, mortgages, real estate or investment services.

Common job titles
  • director, insurance benefits
  • director, investment & securities
  • manager, bonds / mutual funds
  • manager, branch / brokerage
  • manager, commodities trading
  • manager, district real estate sales

Duties

In general, insurance, real estate and financial brokerage managers:

  • Promote business development
  • Ensure performance goals are met
  • Make sure all related laws, regulations and standards are followed
  • Hire, train and manage staff

Specifically:

  • Insurance managers oversee organizations that provide insurance services
  • Real estate managers run operations that buy, sell and lease residential and commercial property
  • Mortgage broker managers manage businesses that find lenders for clients seeking home loans
  • Financial brokerage managers direct companies or departments that buy and sell stocks, bonds and other investments, and manage the investments of their own clients

Work environment

Insurance, real estate and financial brokerage managers usually work for insurance companies, real estate firms, stockbrokers, investment dealers or financial institutions like banks or credit unions.

Most of this work takes place in a structured office setting. But with new technology, parts of the job can now be done remotely.

Insights from industry

Employers seeking insurance, real estate and financial brokerage managers often prefer to hire from within the company.

The role of financial brokerage managers is growing. In addition to their traditional duties, they also oversee and manage private bankers who provide loans to their clients.

Career paths and resources

Career paths

Workers usually begin their careers as brokers in their chosen field. With experience, brokers can move into management positions.

With more experience, insurance, real estate and financial brokerage managers may advance into senior management positions. Some start their own firms.

Insurance, real estate and financial brokerage managers have separate roles, and workers cannot simply move from one area to another. An insurance manager, for example, must retrain in order to become a real estate manager.

Additional resources