Registered Migration Australia

Financial Brokers nec

anzsco 222199 - registered migration australia

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

Skill Level


  • Investment Broker

Occupation Lists

Financial Brokers (nec) is on the following skill list:

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

Financial Brokers (nec) Job Description - Registered Migration Australia

The job of a Financial Broker (nec) in Australia is to operate as independent agent 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 Financial Brokers (nec) 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 as a Financial Broker (nec) in Australia may be required.

Occupations within the Financial Brokers (nec) Group