Registered Migration Australia

Finance Broker


A 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. In Australia a Finance Broker is a Skill Level 2 occupation.


  • Lease Broker
  • Mortgage Broker

Finance Broker Occupation Lists
This occupation is on the following skill lists:

This occupation is not on the following skills list:

DIBP Endorsed Correlations to ASCO Occupations
3212-79 Financial Dealers and Brokers nec

Group: 2221 Financial Brokers

Finance Broker Job Description - Registered Migration Australia

The job of a Finance Broker in Australia is to operate as independent agents to facilitate the trading of commodities and arrange insurance and loans of money on behalf of clients.


  • 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 the Finance Broker unit group (Group 2221) 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 in Australia as a Finance Broker required.

Occupations within the Finance Broker Group