11109 - Other Financial Officers

Other Financial Officers are in high demand across Canada’s popular Financial and Accounting sectors. The demand for skilled workers under this TEER has been rapidly expanding post the pandemic, and this trend is expected to continue over the coming years. There will be many job opportunities available for Other Financial Officers in Canada.

The high demand for skilled workers in this field has resulted in competitive salaries and excellent benefits for Other Financial Officers can range from $41,600 to $120,300 per year, depending on experience, location, and specialization, but they tend to be higher than average in this industry.

Other Financial Officers Jobs in Canada also offer many opportunities for career advancement in employment areas including banks, trust companies, investment firms, and governments. Professionals have numerous opportunities to expand their skills and take on new challenges as Other Financial Officers in Canada.

Other Financial Officers in Canada can avail of a wide range of benefits, from strong job security to high compensation, a supportive work environment, a direct Canada PR for Other Financial Officers pathway, and free healthcare. Canada is known for its welcoming and diverse culture, making it a great place for individuals under this TEER to live and work.

Let us help you Apply for Canada PR as Other Financial Officers.

Example Titles

• Credit adjudicator
• Credit unions examiner
• Estate and trust administrator
• Financial institutions inspector
• Financial investigator
• Financial underwriter
• Mortgage broker
• Trust officer

Main Duties

This group performs some or all of the following duties:

Financial Examiners and Inspectors

• Review and examine banks, trust companies, credit unions, caisses populaires, credit companies, real estate companies, insurance companies, pension funds, securities brokers, and other financial services and institutions to ensure compliance with governing legislation and regulations.

Financial Investigators

• Investigate possible unethical conduct or breaches of securities or commodity futures laws by persons or companies that trade in securities and commodity futures or that provide related financial services.

Financial Underwriters

• Analyze clients requests to assess risk and details of stocks, bonds, mortgages, or other financing solutions.
• Negotiate with corporations, governments, or individuals to determine the type and terms of financial products and prepare to offer prospectuses or contracts.
• May underwrite new issues of stocks and bonds.

Trust Officers

• Administer estate, personal, charitable, corporate, and other types of trusts.
• Direct trust account investments, receive and record investment income and disburse trust funds.

Mortgage Brokers

• Meet with clients to obtain information about income, liabilities, and assets, and the type, price, and condition of property to be mortgaged.
• Negotiate mortgage loans with lenders or lending institutions on behalf of clients.

Employment Requirements

• A bachelor's degree in business administration, commerce, economics, or a related field is usually required.
• Various training programs and courses are offered by financial institutes and organizations, such as the Canadian Securities Institute, Institute of Canadian Bankers, CFA Institute, Investment Funds Institute, and Trust Companies Institute of Canada, and may be required by employers.
• A recognized financial designation may be required (CFA, CIM, or others).
• Financial examiners and inspectors may require a recognized accounting designation.
• Mortgage brokers require a mortgage broker license in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, New Brunswick, Newfoundland and Labrador, and Nova Scotia.

Salary Prospects

Job Openings - TEER 11109

Over the period 2022-2031, new job openings for Other Financial Officers are expected to total 66,000, while 61,400 new job seekers are expected to be available to fill them. Immigrants learning how to get Other Financial Officer jobs in Canada from India can find it relatively easier to land a job under TEER 11109.