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.
Training time 6 months - 2 years
Average pay $86,381
Employment prospects Strong
Employment size 2,800

What does a Finance Broker do?

  • 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

Specialisations

  • Lease Broker
  • Mortgage Broker

Related courses

Government-subsidised training is marked with this symbol
Certificate IV in Finance and Mortgage Broking
TAFE
Diploma of Finance and Mortgage Broking Management
TAFE
Diploma of Financial Planning
TAFE
Advanced Diploma of Financial Planning
Certificate IV in Life Insurance
Diploma of Insurance Broking