It is now possible to find a junior job in property finance
After a GFC-induced hibernation, a recent industry report predicts strong demand for property specialists during the third quarter as a result of increased investment.
The number of permanent junior property roles is set to rise, according to the latest Hays Salary Guide. "During the GFC, entry-level staff were promoted to mid-level roles, but their roles were not back-filled," the report states.
Samantha Campbell, manager banking and finance, Robert Walters, agrees the banks are looking to fill more junior jobs than last year, however vacancies volumes are still not huge.
"Demand centres on credit analysts and relationship managers, and they are earning between $70k and $110k," she adds.
Both global and the Big Four local banks are on the hunt for junior talent, says Campbell.
At the same time, a slight increase in residential lending could lead to some demand for lending specialists. "This will create a need for good credit people, but it won't be dramatic," says Tim Hooper, finance consultant at Optimum Recruitment Group.
As for commercial property recruitment, Hooper reckons credit analysts with the experience to perform financial analysis and credit assessments are still sought after, not just in property finance, but also in business and commercial banking.
"Having good credit people will continue to be a necessity and I believe over the next 12 months they will represent a large portion of new property roles in line with additional loan writing," he adds.
to subscribe to our weekly newsletter.
