Registered Migration Australia

Insurance Broker

anzsco 222113 - registered migration australia




Description
An Insurance Broker in Australia 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. In Australia Insurance Broker is a Skill Level 2 occupation.



Insurance Broker Occupation Lists
This occupation is on the following skill lists:


This occupation is not on the following skills list:




DIBP Endorsed Correlations to ASCO Occupations
3212-19 Insurance Broker



Group: 2221 Financial Brokers




Insurance Broker Job Description - Registered Migration Australia

An Insurance Broker in Australia operates as an independent agent 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 the Insurance Broker unit group (Group 222113) 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 as an Insurance Broker may be required Australia.

Occupations within the Insurance Broker Group


​