222112 FINANCE BROKER
Operates as an independent agent in the course of financial negotiations and arranges loans of money on behalf of clients. Registration or licensing is required.
Skill Level: 2
Specialisations:
Lease Broker
Mortgage Broker
Indicative Skill Level:
Most occupations in this unit group have a level of skill commensurate with the qualifications and experience outlined below.
In Australia: AQF Associate Degree, Advanced Diploma or Diploma (ANZSCO Skill Level 2)
In New Zealand: NZ Register Diploma (ANZSCO Skill Level 2)
At least three years of relevant experience may substitute for the formal qualifications listed above. In some instances relevant experience and/or on-the-job training may be required in addition to the formal qualification.
Registration or licensing may be required.
Tasks Include:
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Monitoring commodity prices, trends and other factors affecting the supply and demand for commodities
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Negotiating the purchase and sale of commodities such as grains, wool, minerals and metals
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Determining the specific financial and insurance requirements of clients, and researching and reviewing available finance and insurance products for suitability to meet clients’ requirements
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Analysing clients’ financial status, discussing financial options and developing financial strategies
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Recommending loan combinations that meet clients’ needs
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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
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Arranging insurance, home loan mortgages and other types of finance for clients through banks, lenders, financiers and insurance companies
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Preparing documents which set out the conditions of finance, repayments and loan periods
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Identifying and advising on significant risk changes to clients’ insurance
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Broking complex and commercial leases, equipment finance, commercial finance, project finance and finance for property developers