Finance Broker – ANZSCO 222112

Description

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.

Skill Level

Specialisations

Lease Broker
Mortgage Broker

Skills Assessment Requirement

Unless you are exempt in very limited circumstances, you are required to have a positive Skills Assessment to apply for the visas listed above.

Skills Assessment authority for Finance Brokers is Vocational Education and Training Assess (VETASSESS). To have a positive skills assessment, you must meet the following criteria:

Three pathways for skills assessment by VETASSESS

Pathway A – 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 at an appropriate skill level in the last five years

Pathway B – 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 at an appropriate skill level in the last five years

Pathway C – 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 at an appropriate skill level in the last five years

Applicants must meet both the qualification and employment requirements to obtain a positive skills assessment

Note: For pre-qualification employment (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 at an appropriate skill level in the last five years.

Potential Visa Pathways for Finance Brokers

ANZSCO Occupation Skills Assessment 189 190 485 491 (State) 491 (Family) 186 (Direct) 407 (Training) 494 (regional Sponsored) 482 (TSS Short Term)

222112 Finance Broker VETASSESS x √ x √ x x √ √ √

Group: 2221 Financial Brokers

ANZSCO	Occupation	Skills Assessment	189	190	485	491 (State)	491 (Family)	186 (Direct)	407 (Training)	494 (regional Sponsored)	482 (TSS Short Term)
222112	Finance Broker	VETASSESS	x	√	x	√	x	x	√	√	√

Description

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

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

Skill Level

Most occupations in this unit group have a level of skill commensurate with the qualifications and experience outlined below.
In Australia:
AQF Associate Degree, Advanced Diploma or Diploma (ANZSCO Skill Level 2)

In New Zealand:
NZ Register 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.

Occupations in this Group

222111 Commodities Trader
222112 Finance Broker
222113 Insurance Broker
222199 Financial Brokers nec

407 Training Visa

The 407 visa a short stay visa for individuals to participate in occupational training or professional development in Australia. This visa is generally valid to stay in Australia for 2 years. Please note this visa is subject to condition 8102 which forbids work apart from the training that is specified in the visa application. You are also required to maintain health insurance whilst in Australia.

To be eligible for visa 407, you need to meet the following criteria:

GTE

You must prove that you genuinely stay in Australia for training and will depart when you complete the training.

English Level

Must have Functional English, i.e. IELTS overall 4.5 with no band less than 4, or equivalent.

Age

Must be over 18 years old.

Be Sponsored

You must be sponsored by an approved temporary activities sponsor – Can be an employer or a commonwealth agency

HEALTH INSURANCE

Must hold valid private health insurance.

Health and Character

Must meet health and character requirements.

Subclass 494 visa – Skilled Sponsored Regional (Provisional) visa

You can apply for subclass 494 if you have a regional employer who is willing to sponsor you. To be eligible for this visa, you must have at least 3 years of working experience in your nominated occupation and have a relevant skills assessment. With this visa, there is a requirement that you must work for the employer who is sponsoring you.

This visa provides pathway to permanent residency through the 191 visa.

Experience

At least 3 years full-time work experience in the nominated occupation.

English

Must have at least Competent English, i.e., IELTS 6.0 or equivalent.

Age

Must be under 45 years of age, unless exempt.

Be Sponsored

Must be sponsored by an Australian regional employer.

Skills assessment

Must have a positive skills assessment.

Location

Must live and work in regional areas in Australia.

482 SID visa – Skills in Demand visa (Specialist Skills Pathway)

The Subclass 482 SID visa (Specialist Skills Pathway) that requires a sponsorship from an Australian employer. The Specialist Skills stream allows to your live and work in Australia for up to 4 years each time you are granted this visa. You may apply for the Specialist Skills pathway SID 482 visa if you have an occupation on this list, and as long as the employer is willing to sponsor you. The SID 482 visa has a path to permanent residency through the 186 visa.