FINANCE BROKER

ANZSCO 222112 - Registered Migration Australia

Description
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. Finance broker is a Skill Level 2 occupation.

 

 

Specialisations

 

• Lease Broker 
• Mortgage Broker

 

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

 

• Combined Skilled Occupations List (STSOL MLTSSL)
• RSMS Occupations List (RSMSL)
• Short-Term Skilled Occupation List (STSOL)

 

This occupation is not on the following skills list:

 

• Labour Market Testing Required for 457 List (LMTL)
• Medium Long Term Strategic Skills List (MLTSSL)

 

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.

 

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 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 in Australia may be required as a finance broker.

Occupations within the Finance Broker Group

 

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

 

Note: Whilst a similar occupation may appear in the same finance broker group, if not specifically listed in the STSOL or MLTSSL the ANZSCO description should be used for reference purposes only.

 

 

English Requirement

 

• IELTS result with a minimum score of 6 (L, R, W), 7 in speaking and 7 overall;
• OET result with a minimum grade B in all sections;
• TOEFL iBT with a minimum score (L:12 R:13 W:21 S:23 overall L93);
• PTE Academic with a minimum score of 50 (L, R, W), 65 in speaking and 65 overall

Exceptions

• Australian Graduate exceptions apply in some states/territories
• Priority Skilled Lists may apply a specific requirement in some states/territories
• Countries exempt from submitting IELTS or OET include the UK; Canada; New Zealand; US; and Ireland

 

Where mandatory licensing or registration is required you must demonstrate a level of English either sufficient to meet licensing / registration or a minimum IELTS, or equivalent, whichever is higher.

 

Information regarding the International English Testing System (IELTS)

 

 

Assessment Authority

 

• Finance Broker is currently assessed with VETASSESS - (Vocational Education and Training Assessment Services), more info regarding assessment bodies

 

 

Average Income

The average salary for a Finance Broker in Australia is $ 92,657 for male employees and $ 64,956 for female employees per year. Average Age: Males: 39.0 Females: 45.1 Persons: 40.7

Source: www.abs.gov.au (Group 2221) Financial brokers - Employee Earnings and Hours, Australia, May 2016

 

Please contact us if you would like assistance with your Finance Broker skilled visa application. 

Registered Migration Australia is a licensed migration company. We are proudly 100% Australian owned and operated.