Financial Brokers nec – ANZSCO 222199

All Occupations

Description

This occupation group covers Financial Brokers not elsewhere classified. Registration or licensing is required.

Skill Level

2

Alternative Titles

NULL

Specializations

  • Investment Broker

Skills Assessment Authority

VETASSESS

Caveats

No caveats apply to this occupation.

Group: 2221 Financial Brokers

Description

operate as independent agents to facilitate the trading of commodities and arrange insurance and loans of money on behalf of clients.

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

Skill Level

Most occupations in this unit group have a level of skill commensurate with the qualifications and experience outlined below.

Occupations in this Group