Job prospects Trust Officer in the Fredericton–Oromocto

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Over the past few years (2021-2023), the labour market was balanced for Other financial officers 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 Other financial officers (NOC 11109) in the Fredericton - Oromocto region for the 2024-2026 period.

The following factors contributed to this outlook:

• Employment decline will lead to the loss of some positions.
• 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.

• This occupational group is concentrated primarily in the financial sector, though there are now a wide variety of organizations offering specialized financial services (financial and estate planning, trust services, mutual fund sales, etc.), with banks and other financial institutions expanding their scope in recent years. Other financial institutions include investment/securities firms, brokerage houses and insurance companies.
• An ageing population will continue to support demand for financial services related to retirements, trusts, and estate planning. This will particularly be the case for financial planners.
• This occupational group contains several finance-related occupations that are similar but perform slightly differing tasks and require different training and experience. Individuals with knowledge of and experience in specific areas, such as financial planning, credit functions, insurance functions, asset underwriting or financial analysis, may have better employment opportunities. A sales background may also be beneficial.
• Activity is spread throughout the province, though demand is expected to be highest in Fredericton, Moncton and Saint John, where there are higher concentrations of businesses offering financial services.

Here are some key facts about Other financial officers in the Fredericton - Oromocto region:

• Approximately 30 people worked in this occupation in May 2021.
• Other financial officers mainly work in the following sectors:
  • Finance, insurance and Real estate and rental and leasing (NAICS 52-53): 72%
  • Local, municipal, regional, aboriginal and other public administration (NAICS 913-919): 28%

Source Labour Market Information | Prospects Methodology