Finance Broker
- Classification
- Occupation
- Skill level
- 2
- Major group
- Clerical and Administrative Workers
Classification
- Major group
- 5Clerical and Administrative Workers
- Sub-major group
- 53Financial Services and Insurance Workers and Brokers
- Unit group
- 5313Financial and Insurance Brokers
Description
Operates as an intermediary to perform finance negotiations, and arranges loans of money on behalf of clients.
Specialisations
- Asset Finance Broker
- Commercial Finance Broker
- Mortgage Broker
Unit group
5313 · Financial and Insurance BrokersDescription
Operate as intermediaries to facilitate the sale and purchase of commodities and businesses, and arrange insurance and loans of money on behalf of clients.
Skill level
Australia
2; 3
Occupation skill level 2
Tasks
Tasks include
- Brokers complex and commercial leases, equipment finance, commercial finance, project finance and finance for property developers
- Arranges home loan mortgages, car and personal loans, debtor finance, refinancing and other types of finance for clients through banks, lenders, financiers and insurance companies
- Assists with the application process and negotiates with lenders on behalf of clients
- Determines the specific financial requirements of clients, and researches and reviews available finance products for suitability to meet clients' requirements
- Analyses clients' financial status, discusses financial options and develops financial strategies
- Prepares documents that set out the conditions of finance, repayments and loan periods
Occupations in this unit group
Sources
- www.abs.gov.au/statistics/classifications/osca-occupation-standard-classification-australia/2024-version-1-0/browse-classification/5/53/531/5313
- www.abs.gov.au/statistics/classifications/osca-occupation-standard-classification-australia/2024-version-1-0/data-downloads/OSCA%20Category%20Descriptions.xlsx