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222111 · ANZSCO 2022

Commodities Trader

Classification
Occupation
Skill level
2
Major group
Professionals
Assessing authority
VETASSESS

Classification

Major group
2Professionals

Description

Operates as an independent agent to bring together buyers and sellers of commodities, negotiates private sales and arranges sales through established market places.

Alternative titles

  • Commodities Broker

Specialisations

  • Energy Trader
  • Grain Buyer
  • Livestock Trader
  • Media Buyer
  • Water Broker/Trader
  • Wool Broker

Unit group

2221 · Financial Brokers

Description

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

Skill level

Occupation skill level 2

Australia

AQF Associate Degree, Advanced Diploma or Diploma (ANZSCO Skill Level 2)

New Zealand

NZQF 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 may be required.

Tasks

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

Occupations in this unit group

Sources