Financial Brokers

This occupation may include associated occupations with varying 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

If you think you would like to organise, analyse and check the accuracy of financial information, or to offer advice on insurance or financial products, then you should consider a career working in Banking & Financial Services. Qualifying for a role in this sector could see you in charge of preparing budgets, financial statements, tax returns, audits and reports, managing the payroll of a large company, maintaining customer databases, ensuring procedures comply with government regulations, or participating in the development of business plans. Other roles in the Banking & Financial Services sector focus on customer service and on matching products to clients’ needs. While work in Banking & Financial Services usually takes place in an office environment, some people are able to do part of their work at home, due to the growth of remote technological capabilities. The career possibilities in finance and insurance are very broad, with plenty of scope for work across a variety of businesses. Let’s face it, most companies need financial services of some kind! And due to shifting global financial conditions, this industry is undergoing rapid changes, making it a very exciting time to get involved.

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