Financial Brokers

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

**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:

- 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