Job prospects Regional Credit Manager in the Fredericton–Oromocto

Over the past few years (2021-2023), the labour market was balanced for Banking, credit and other investment managers in the Fredericton–Oromocto. The number of job openings was about the same as the number of workers available in this occupation.

Source Labour Market Information | Recent Trends Methodology

The employment outlook will be moderate for Banking, credit and other investment managers (NOC 10021) in the Fredericton - Oromocto region for the 2024-2026 period.

The following factors contributed to this outlook:

• Employment is expected to remain relatively stable.
• A moderate number of positions will become available due to retirements.
• There are a small number of unemployed workers with recent experience in this occupation.

• These managers are employed by financial institutions, and by commercial credit departments.
• Employers typically require several years of experience working in banking, credit, and investment departments.
• Holding either a Chartered Professional Accountant (CPA) or a Chartered Financial Analyst (CFA) designation will enhance employment prospects.
• Technological advancement and increasingly computerized processes will continue to impact this occupation, making employers less reliant on tasks like data entry and client information management. 
• Knowledge of both French and English will be required in certain regions of the province.

Here are some key facts about Banking, credit and other investment managers in the Fredericton - Oromocto region:

• Approximately 170 people worked in this occupation in May 2021.
• Banking, credit and other investment managers mainly work in the following sectors:
  • Finance, insurance and Real estate and rental and leasing (NAICS 52-53): 94%
  • Wholesale trade (NAICS 41): 6%

Source Labour Market Information | Prospects Methodology