SITE TO THE HIDDEN JOBMARKET IN CANADA
Job Title : Insurance, Real Estate and
Financial Brokerage Managers
Insurance, real estate and financial brokerage managers plan,
organize, direct and control the activities of departments or
establishments that provide insurance, mortgage, real estate,
or investment services.
|Common Job Titles
Real Estate Manager
real estate agencies
financial services firms
Selected Main Duties
The main duties are determined by the nature of the business
establishment. For example:
Insurance managers direct the operations of establishments
or departments that provide automobile, fire, life, property
or other types of insurance services;
Real estate managers direct the operations of establishments
or departments that buy, sell and lease residential and commercial
property for clients;
Mortgage broker managers direct the operations of establishments
or departments that find lenders or lending institutions on
behalf of clients seeking a mortgage.
Insurance, real estate and financial brokerage managers work
in an office environment. A 40-hour workweek is typical. Travel
is involved for real estate managers who conduct property visits.
Insurance, real estate and financial brokerage managers usually
require a university degree or college diploma in business administration,
economics, accounting, or other related field. They require thorough
knowledge of the appropriate industry and years of experience
in the field. Managers require leadership skills, organizational
ability, computer skills, interpersonal skills, and communications
Specific industry licenses are generally required, such as Registered
Insurance Brokers of Ontario (RIBO) for insurance managers, and
a real estate license for managers in real estate. As well, professional
designations and/or membership in a professional association are
advantageous depending upon the industry sector.
To obtain a Canadian Accredited Insurance Broker (CAIB) designation
from the Insurance Brokers Association of Canada, the member must
be in good standing and have passed a national examination following
each of its four courses.
A Canadian Certified Insurance Broker (CCIB) is the highest designation
awarded by the Insurance Brokers Association of Canada. Three
examinations are required based on the candidate's working knowledge.
There is no formal course of study. Prerequisites are that the
candidate must have 5 consecutive years experience.
The Insurance Institute of Canada is an organization coordinates
the designation of the Chartered Insurance Professional and Fellow,
The Real Estate Institute of Canada (REIC) offers the REIC professional
The Independent Financial Brokers of Canada (IFBC) is a voluntary,
not-for-profit Association representing independent insurance,
mutual fund and other financial service brokers and other professionals.
The Canadian Securities Institute (CSI) offers professional designation
programs in financial planning, wealth management, portfolio management,
and derivatives management. CSI is endorsed by the Investment
Dealers Association of Canada and Canada's stock exchanges.
The Association of Investment Management and Research is an international
association that awards the Chartered Financial Analyst (CFA)
Over the next five years: Limited
Employment for this occupation is expected to increase more slowly
than the average for all occupations through 2009, with most job
openings resulting from the need to replace workers who retire.
Computerized financial systems and real estate listing services
are widespread in the finance, insurance and real estate industry
and will continue to moderate future employment growth.
Characteristics of Occupation
Persons with strong information and technology management skills
and with expertise in computerized financial reporting systems,
as well as professional accreditations, should have the best chance
in the job market.
|Estimated Employment in 2004
|Usual place of work
|Worked at home
|No fixed workplace address
|Main Industries of Employment
|Insurance carriers and related activities
|All Other Industries
|Employment by Region
|Kingston - Pembroke
|Muskoka - Kawarthas
|Kitchener - Waterloo - Barrie
|Hamilton - Niagara Peninsula
|Windsor - Sarnia
|Stratford - Bruce Peninsula