ANZSCO 222199: Financial Brokers nec | Australia Skilled visa

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  Last review date 21 June 2017 | LATEST UPDATES
  21 Jun 17     South Australia
  21 Jun 17     Western Australia
  20 Jun 17     Occupation Ceilings 2016-17
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222199: Financial Brokers nec SKILL LEVEL 2

MLTSSL	Medium and Long-term Strategic Skills List
STSOL	Short-term Skilled Occupation List
	Combined List of Eligible Skilled Occupations

Assessing Authority: VETASSESS

SummaryEligibility Summary Table
State EligibilityDetails
ANZSCO CodeInformation
Unit GroupInformation

ELIGIBILITY SUMMARY TABLE - ANZSCO 222199

State		Capital
General Skilled Visa 189		NOT ELIGIBLE
ACT	Australian Capital Territory	Canberra
NSW	New South Wales	Sydney
NT	Northern Territory	Darwin
QLD	Queensland	Brisbane
SA	South Australia	Adelaide
TAS	Tasmania	Hobart
VIC	Victoria	Melbourne
WA	Western Australia	Perth

	Occupation may be eligible
	Occupation in the "Supplementary Skilled List" or "Special Conditions Apply"
	Check the State Eligibility tab to see further details
	Occupation NOT eligible

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AUSTRALIAN STATE ELIGIBILITY - ANZSCO 222199

Australian Capital Territory (Canberra)

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New South Wales (Sydney)

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Queensland (Brisbane)

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South Australia (Adelaide)

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Tasmania (Hobart)

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ANZSCO 222199: Financial Brokers nec

Major Group: 2 - Professionals | Sub-Major Group: 22 - Business, Human Resource and Marketing Professionals | Minor Group: 222 - Financial Brokers and Dealers, and Investment Advisers | Unit Group: 2221 - Financial Brokers

Description: This occupation group covers Financial Brokers not elsewhere classified. Registration or licensing may be required.

Skill Level 2 : Occupations at Skill Level 2 have a level of skill commensurate with one of the following:

- NZ Register Diploma or
- AQF Associate Degree, Advanced Diploma or Diploma.

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.

Assessing Authority

VETASSESS - Vocational Education and Training Assessment Services
Website	http://www.vetassess.com.au/
Email	vetassess@vetassess.com.au

Occupation in NEC category

Investment Broker

Not elsewhere classified (nec) categories are used for known, discrete occupations which are not separately identified in ANZSCO Version 1.2 because of their lack of numerical significance in Australia or New Zealand. The occupation titles listed under nec categories are illustrative of the scope and range of occupations included in the nec category.

Unit 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.

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 may be required.

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

Other occupations in this Unit Group

Occupation Ceiling program year 2016-2017

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Average Weekly / Annual Earnings

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ANZSCO Source: Australian Bureau of Statistics 2013, ANZSCO - Australian and New Zealand Standard Classification of Occupations, 2013, Version 1.2, cat. no. 1220.0, http://www.abs.gov.au/ausstats/abs@.nsf/mf/1220.0