Financial sales representatives (NOC 6235)

High demand occupation

About this job

Financial sales representatives:

  • sell basic deposit, investment and loan products and services to individuals and businesses
  • work for banks, trust companies, credit unions and similar financial institutions
Common job titles
  • account - personal / commercial
  • banker, personal
  • consumer credit / personal loans
  • financial sales and service
  • loan inspector / officer / supervisor
  • merchant services specialist - financial
  • account - personal / commercial
  • banker, personal
  • consumer credit / personal loans
  • counsellor, debt / loans
  • credit analyst / officer / investigator
  • financial sales and service

Duties

Financial sales representatives:

  • Open new personal and non-personal accounts, and provide access to automated banking machine, telephone banking and online banking services
  • Interview applicants for personal, mortgage, student and business loans
  • Promote the sale of deposit, investment, credit and loan products and services
  • Assist clients by proposing solutions to address financial objectives such as business expansion, debt management, investment and other financial goals
  • Research and evaluate loan applicant's financial status, references, credit and ability to repay the loan
  • Complete credit and loan documentation
  • Submit credit and loan applications to branch or credit manager with recommendations for approval or rejection; or approve or reject applications within authorized limits ensuring that credit standards of the institution are respected
  • Prepare statements on delinquent accounts and forward irreconcilable accounts for collector action
  • Review and update credit and loan files
  • Act as joint custodian for cash and securities

Work environment

Work in this occupation is typically performed in a structured environment, such as an office.

Career paths and resources

Career paths

Promotion to credit and loan management positions is possible with experience.

Progression to higher levels of financial planning and wealth management is possible with experience.

Additional resources

Additional resources are not currently available for this career.