Group
Occupation
531333 Finance Broker
Latest release
OSCA - Occupation Standard Classification for Australia
Reference period
2024, Version 1.0
Released
6/12/2024
531333 Finance Broker
Operates as an intermediary to perform finance negotiations, and arranges loans of money on behalf of clients.
Registration or licensing is required.
Specialisations
- Asset Finance Broker
- Commercial Finance Broker
- Mortgage Broker
Skill level: 2
Main tasks
- Brokers complex and commercial leases, equipment finance, commercial finance, project finance and finance for property developers
- Arranges home loan mortgages, car and personal loans, debtor finance, refinancing and other types of finance for clients through banks, lenders, financiers and insurance companies
- Assists with the application process and negotiates with lenders on behalf of clients
- Determines the specific financial requirements of clients, and researches and reviews available finance products for suitability to meet clients' requirements
- Analyses clients' financial status, discusses financial options and develops financial strategies
- Prepares documents that set out the conditions of finance, repayments and loan periods