ANZSCO 2221 - Financial Brokers
Released – 22/11/2022
Financial Brokers operate as independent agents to facilitate the trading of commodities and arrange insurance and loans of money on behalf of clients.
Skill Level:
- For most occupations, AQF Associate Degree, Advanced Diploma or Diploma (ANZSCO Skill Level 2) in Australia or NZQF Diploma (ANZSCO Skill Level 2) in New Zealand is required. (*at least three years of relevant experience may substitute for the formal qualification)
- In some cases, relevant experience and/or on-the-job training in Australia or New Zealand may be required in addition to the formal qualification.
- *Registration or licensing may be required.
Tasks:
- monitoring commodity prices, trends and other factors affecting the supply and demand for commodities
- negotiating the purchase and sale of commodities such as grains, wool, minerals and metals
- determining the specific financial and insurance requirements of clients, and researching and reviewing available finance and insurance products for suitability to meet clients’ requirements
- analysing clients’ financial status, discussing financial options and developing financial strategies
- recommending loan combinations that meet clients’ needs
- interviewing prospective clients to explain insurance policy conditions, risks covered, premium rates and benefits, and to make recommendations on the amount and type of cover
- arranging insurance, home loan mortgages and other types of finance for clients through banks, lenders, financiers and insurance companies
- preparing documents which set out the conditions of finance, repayments and loan periods
- identifying and advising on significant risk changes to clients’ insurance
- broking complex and commercial leases, equipment finance, commercial finance, project finance and finance for property developers
Occupations
Please note that the information provided on this page is general only and is not legal advice for any individual’s circumstances. If you would like to further discuss how this information relates to your situation, please contact us.
Cairns City
