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OaSIS 2023 Version 1.0
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63102.00 – Financial sales representatives

Financial sales representatives sell basic deposit, investment and loan products and services to individuals and businesses.

Overview

Example job titles

  • Credit officer
  • Financial services officer
  • Financial services representative
  • Loan officer
  • Mortgage officer
  • Sales associate - personal banking

Main duties

This group performs some or all of the following duties:

  • 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.

Additional information

  • Progression to credit and loan management positions is possible with experience.
  • Progression to higher levels of financial planning and wealth management is possible with experience.

Similar occupations classified elsewhere

Exclusions:

NOC hierarchy breakdown

NOC version

NOC 2021 Version 1.0

Broad occupational category

6 – Sales and service occupations

TEER

3 – Occupations usually require a college diploma or apprenticeship training of less than two years; or more than six months of on-the-job training

Major group

63 – Occupations in sales and services

Sub-major group

631 – Occupations in sales

Minor group

6310 – Insurance, real estate and financial sales occupations

Unit group

63102 – Financial sales representatives

Occupational profile

63102.00 – Financial sales representatives

O*NET in-it

This page includes information from the O*NET 27.2 Database by the U.S. Department of Labor, Employment and Training Administration (USDOL/ETA). Used under the CC BY 4.0 license. O*NET® is a trademark of USDOL/ETA. Employment and Social Development Canada has modified all or some of this information. USDOL/ETA has not approved, endorsed, or tested these modifications.