Finance Broker - ANZSCO 222112
- Assessment Authorities: VETASSESS
Finance Broker operates as an independent agent in the course of financial negotiations and arranges loans of money on behalf of clients. Registration or licensing is required.
Finance Broker may perform the following 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
This occupation belongs to Short-term Skilled Occupation List (STSOL) . STSOL consists of the list of the occupations which are high in demand in Australia. If you want to apply for Australia sponsored Permanent Residency (subclass 190) your occupation must be listed in the relevant STSOL list and you must have an invitation/sponsorship from the state government. This list is also a part of the Australia Point system. If eligible, you can live and work in Australia for an indefinite period of time.
If your occupation is on STSOL, you may be eligible to apply for the following visa subclasses:
- Skilled Nominated visa (subclass 190)
- Training visa (subclass 407)
- Skilled Work Regional (Provisional) visa (subclass 491) - State or Territory nominated
- Temporary Skill Shortage visa (subclass 482) - Short-term stream
- Skilled Employer Sponsored Regional (Provisional) visa (Subclass 494)
Are you Eligible to Live and Work in Australia as a Finance Broker?
Finance Broker is classified as Group C occupations by Vetassess. The criteria for skills assessment of Group C occupations are the following :
- Qualification(s) assessed at least AQF Diploma level with a highly relevant field of study and at least one year of post qualification highly relevant employment in the last five years; Or
- Qualification(s) assessed at least AQF Diploma level with an additional qualification at least AQF Certificate IV in a highly relevant field of study and at least one year of post-qualification highly relevant employment in the last five years; Or
- Qualification(s) assessed at least AQF Diploma level without a highly relevant field of study and at least two years of post-qualification highly relevant employment in the last five years;
According to Vetassess, if you have pre-qualification employment and if all of your employment is before your qualification assessed at the AQF diploma level), three years of highly relevant employment in addition to at least one year of highly relevant employment completed in the last five years.
If you wish to check your eligibility to migrate permanently to Australia as a Finance Broker, please fill out the below assessment form. The assessment is free. After submitting the form, a registered migration consultant will look into the information and advise you of the outcome of the assessment via your email address.
