Financial firms are looking for mortgage lenders and brokers who can help grow their market share
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Nearly half of employers expect to increase permanent headcount over the coming year and one of the growing areas of job demand is for BDMs, brokers and other credit professionals, according to the latest reports from Hays, a global recruiting firm.
The demand for credit professionals stems from the growth of fintech companies specialising in unsecured cash flow lending and the return of non-bank lenders, particularly subprime equipment and asset finance companies.
With the big four looking to make processes for customers quicker and easier, they’ll by creating more job opportunities for digital and virtual lending teams. These include jobs for seasoned lending managers who are looking to leave a branch.
Mortgage lenders and brokers with existing referral networks are in demand by organisations looking to grow their market share. Mortgage lenders who have a strong sales mindset are also being recruited for branch roles.
Mobile lenders are in demand too, given the market is highly competitive because financial services intuitions are competing for the same people. Mortgage processors are similarly in demand, with property sales increasing, along with back office processing and administrative work.
Business bankers are in demand as a result of growth, while SME business relationship managers are needed as a result of the increasing number of small businesses.
The Hays Salary Guide surveyed more than 3,000 organisations representing over 2.3 million employees. It found that 62% of financial services employers will increase their staff’s pay by less than 3% in their next review, and 10% will keep salaries the same.
