222112 FINANCE BROKER

222112 FINANCE BROKER

Occupation Overview:

Finance Broker belongs to the occupation unit group of 2221 Financial Brokers and is a Skill Level 2 occupation in Australia. In other words, a finance broker must 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: NZQF 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.

Key Tasks:

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.

Specialisations:

  • Lease Broker
  • Mortgage Broker

Skills Assessment Authority:

VETASSESS is Australia’s leading vocational education and training assessment provider. It is the designated skills assessing authority for migration purposes for over 300 General Professional Occupations approved by the Department of Home Affairs (DHA).

UNIT GROUP 2221 Financial Brokers

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: NZQF 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:

  • 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:

  • 222111 Commodities Trader
  • 222112 Finance Broker
  • 222113 Insurance Broker
  • 222199 Financial Brokers nec

Australian Visa Options for 222112 Finance Broker

This occupation has access to the following Australian immigration programs:

If you are interested in understanding more about migrating to Australia and the prospect of working and living in Australia, please book a consultation with Ausdirect Migration today and our immigration experts will guide you along the journey.

AUSDIRECT MIGRATION