Job prospects Senior Loans Officer in Saskatchewan

Explore current and future job prospects for people working as a "senior loans officer" in Saskatchewan or across Canada.

Job opportunities in Saskatchewan

These outlooks were updated on November 29, 2023.

Prospects over the next 3 years

The employment outlook will be moderate for Financial sales representatives (NOC 63102) in Saskatchewan for the 2023-2025 period.

The following factors contributed to this outlook:

• Employment growth will lead to a moderate number of new positions.
• Not many positions will become available due to retirements.
• There are a small number of unemployed workers with recent experience in this occupation.

• An aging workforce will likely support employment opportunities for this occupation.
• Rising interest rates will decrease demand for loans and mortgages, and will weaken growth in the retail banking.
• Demand for credit products may increase, increasing demand for the non-depository banking services.
• Employment opportunities are influenced by ongoing digital transformation initiatives, including the availability of online services and automation of back-office processes.

Here are some key facts about Financial sales representatives in Saskatchewan:

• Approximately 2,000 people work in this occupation.
• Financial sales representatives mainly work in the following sectors:
  • Monetary Authorities - central bank and securities, commodity contracts and other intermediation and related activities (NAICS 521, 522, 523): 92%
• The distribution of full-time and part-time workers in this occupation is:
  • Full-time workers: 91% compared to 81% for all occupations
  • Part-time workers: 9% compared to 19% for all occupations
• 79% of financial sales representatives work all year, while 21% work only part of the year, compared to 65% and 35% respectively among all occupations. Those who worked only part of the year did so for an average of 47 weeks compared to 43 weeks for all occupations.
• 5% of financial sales representatives are self-employed compared to an average of 16% for all occupations.
• The gender distribution of people in this occupation is:
  • Men: 32% compared to 53% for all occupations
  • Women: 68% compared to 47% for all occupations
• The educational attainment of workers in this occupation is:
  • no high school diploma: less than 5% compared to 11% for all occupations
  • high school diploma or equivalent: 32% compared to 33% for all occupations
  • apprenticeship or trades certificate or diploma: 10% compared to 15% for all occupations
  • college certificate or diploma or university certificate below bachelor's: 24% compared to 17% for all occupations
  • bachelor's degree: 24% compared to 18% for all occupations
  • university certificate, degree or diploma above bachelor level: 9% compared to 7% for all occupations

Breakdown by region

Explore job prospects in Saskatchewan by economic region.

Source Labour Market Information | Prospects Methodology

Labour market conditions over the next 10 years

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