Group
Occupation

531333 Finance Broker

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

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
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