Rise in jobs across insurance, banks, HFCs and NBFCs

Rise in jobs across insurance, banks, HFCs and NBFCs

The government and financial sector initiations to further financial inclusion is expecting to create more job opportunities in commercial banking, corporate finance, and housing finance, project finance and real estate. Insurance, banks, HFCs and NBFCs are creating huge job opportunities across roles and functional areas. Experts stated that most demanding roles in financial NBFC include sales, marketing, credit underwriting, branch operations and customer service, recoveries. Besides, there will be huge demand for certain roles such as legal, technical valuation services, corporate finance and treasury management. Demand for channel sales is high, so it is important to establish a distribution channel for financial institutions. Number of opportunities available for the candidates with sound knowledge on financial products will have great career opportunities in insurance, banks, HFCs and NBFCs for channel sales executives. Huge opportunities are there for the candidates who wish to seek career in front-end sales as business development managers in wealth management, banks, housing finance companies (HFCs), non-banking financial company (NBFCs) or insurance companies.

Professionals with 10-15 years of experience with relevant skills have plenty of opportunities for senior and mid level roles. Experts predict rise in demand for experienced middle management, and senior middle management roles across banking licenses, payment banks, NBFCs and HFCs functional areas. Housing finance sector is expected to grow at 18-20 per cent per annum. Housing finance sector has grown at rapid phase in the last five years; still there is a shortage of around 40 million dwelling units in India till 2022. In India housing finance sector contributes only 9% to the GDP, as developed countries it is high as 20-25 percent. The government also increasing the share of housing in GDP by promoting certain initiatives like housing for all by 2022. Experts predict more jobs in sales, marketing and operations in financial services sector by 2022.

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