Career
Financial Brokers
Banking & Financial Services
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Career stats
Weekly pay
$2,622
Prospects
Medium
Employed in Australia
58,300
Growth
Decline
Overview
Financial Brokers operate as independent agents to facilitate the trading of commodities and arrange insurance and loans of money on behalf of clients.
Job Titles
Job Tasks
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
Training & Qualifications
Vocational education & training (VET)
- Diploma in Accounting
- Bachelor degree in Economics Commerce Accounting or Finance
Short Courses Available
- Certificate IV in Finance and Mortgage Broking
- Diploma of Insurance Broking
- Diploma of Finance and Insurance Broking Management
Industry
Banking & Financial Services
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