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222113 - Insurance Broker

Description

Operates as an independent agent to sell life, fire, accident, industrial or other forms of insurance for a range of insurance companies. Registration or licensing is required.

Skill Level

2

Skills Assessment Authority

VETASSESS

Caveats

No caveats apply to this occupation.

Endorsed Correlations to ASCO Occupations

    • 3212-19 Insurance Broker

Group: 2221 Financial Brokers

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 is required.

Occupations in this Group

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

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PHONE:

Australia: 1300 619 977
International: +61 7 3181 5588

HEAD OFFICE:

Level 27 Santos Building, 32 Turbot St, Brisbane QLD Australia 4000
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