Latest release
Unit Group

5319 Other Financial Services and Insurance Workers and Brokers

OSCA - Occupation Standard Classification for Australia
Reference period
2024, Version 1.0

5319 Other Financial Services and Insurance Workers and Brokers

This unit group covers Financial Services and Insurance Workers and Brokers not elsewhere classified. It includes Investment Administrators and Paraplanners.

OSCA skill level

The occupations in this unit group have a skill level corresponding to the qualifications and experience below.

  • Skill Level 2: AQF Associate Degree, Advanced Diploma, Diploma, or at least three years of relevant experience
Occupation

531931 Investment Administrator

Processes and analyses documentation, and maintains records of client accounts, investments, securities, transactions and registrations.

Alternative titles

  • Investment Operations Analyst
  • Investment Portfolio Administrator

Specialisations

  • Fund Administrator
  • Settlements Officer (Financial)

Skill level: 2

Main tasks

  • Reviews, checks, verifies and issues documentation relating to onboarding clients, client information, transactions and client instructions
  • Uses various operating and database systems to input, assess, reconcile, manipulate and output information
  • Processes, calculates and allocates commissions, distributions, dividends, rebates and other financial transactions
  • Investigates and responds to client and adviser queries
  • May complete asset transfers, bookings, corporate actions, portfolio reconciliations, client reporting and settlements
Occupation

531932 Paraplanner

Provides administrative and client services assistance, and performs financial planning and analysis for Financial Advisers and planners.

Alternative titles

  • Financial Adviser Assistant
  • Financial Planning Assistant

Skill level: 2

Main tasks

  • Assists with financial advice strategy development and the preparation of legally compliant advice documents
  • Uses financial planning software programs and maintains client records
  • Researches, compares, sources quotes and selects appropriate financial products
  • May develop financial projections and modelling of client circumstances
  • May coordinate and take notes in client meetings, and respond to client queries