Finance Broker

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

A minimum of three years of relevant experience may cover the formal qualifications listed above. In some cases, relevant experience and/or on-the-job training may be required in addition to the formal qualification. Registration or licensing may be needed. This includes qualifications assessed at AQF Advanced Diploma, Associate Degree, Bachelor, Master and Doctoral levels. 

Tasks Include: 

• Determining clients’ specific financial requirements, and researching and reviewing finance 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.
• Arranging home loan mortgages and other types of finance for clients through banks, lenders, and finance companies.
• Preparing documents that set out the conditions of finance, repayments and loan periods.
• Ascertaining clients’ current financial position and financial intentions.
• Providing information and advice about credit products and associated finance transactions.
• Identifying a range of credit providers that may approve a loan for a specific situation.
• Assessing clients’ borrowing capacities.
• Assisting in the selection of the most suitable loan structure and products that suit clients’ objectives.
• Completing loan application documents.
• Updating clients on the progress of their application and their credit approval.
• Keeping in touch with credit providers to ensure that the settlement of clients loans occurs without unnecessary delay.

Occupations: 

• Commodities Trader
• Finance Broker
• Insurance Broker
• Financial Brokers nec