Insurance Broker

Description

Operates as an independent agent to sell life, fire, accident, industrial or other forms of insurance for a range of insurance companies. Registration or licensing is required.

Description

Financial Brokers operate as independent agents to facilitate the trading of commodities and arrange insurance and loans of money on behalf of clients.

Tasks include

• 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