Finance Broker – ANZSCO 222112

Description
Operates as an independent agent in the course of financial negotiations and arranges loans of money on behalf of clients. Registration or licensing is required.
Skill Level
2
Specialisations
  • Lease Broker
  • Mortgage Broker

Skills Assessment Requirement

Unless you are exempt in very limited circumstances, you are required to have a positive Skills Assessment to apply for the visas listed above.

Skills Assessment authority for Finance Brokers is Vocational Education and Training Assess (VETASSESS). To have a positive skills assessment, you must meet the following criteria:

  • Three pathways for skills assessment by VETASSESS
    • Pathway A – Qualification(s) assessed at least AQF Diploma level with a highly relevant field of study and at least one year of post qualification highly relevant employment at an appropriate skill level in the last five years
    • Pathway B – Qualification(s) assessed at least AQF Diploma level with an additional qualification at least AQF Certificate IV in a highly relevant field of study and at least one year of post-qualification highly relevant employment at an appropriate skill level in the last five years
    • Pathway C – Qualification(s) assessed at least AQF Diploma level without a highly relevant field of study and at least two years of post-qualification highly relevant employment at an appropriate skill level in the last five years
  • Applicants must meet both the qualification and employment requirements to obtain a positive skills assessment
  • Note: For pre-qualification employment (if all of your employment is before your qualification assessed at the AQF diploma level), three years of highly relevant employment in addition to at least one year of highly relevant employment at an appropriate skill level in the last five years.

Potential Visa Pathways for Finance Brokers

ANZSCOOccupationSkills Assessment189190485 491 (State)491 (Family)186 (Direct)407 (Training)494 (regional Sponsored)482 (TSS Short Term)
222112Finance BrokerVETASSESSx x x x

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 may be required.

Occupations in this Group
  • 222111 Commodities Trader
  • 222112 Finance Broker
  • 222113 Insurance Broker
  • 222199 Financial Brokers nec

407  Training Visa

The 407 visa a short stay visa for individuals to participate in occupational training or professional development in Australia. This visa is generally valid to stay in Australia for 2 years. Please note this visa is subject to condition 8102 which forbids work apart from the training that is specified in the visa application. You are also required to maintain health insurance whilst in Australia.

To be eligible for visa 407, you need to meet the following criteria:

GTE

You must prove that you genuinely stay in Australia for training and will depart when you complete the training.

English Level

Must have Functional English, i.e. IELTS overall 4.5 with no band less than 4, or equivalent.

Age

Must be over 18 years old.

Be Sponsored

You must be sponsored by an approved temporary activities sponsor – Can be an employer or a commonwealth agency

Health and Character

Must meet health and character requirements.

Subclass 494 visa – Skilled Sponsored Regional (Provisional) visa

You can apply for subclass 494 if you have a regional employer who is willing to sponsor you. To be eligible for this visa, you must have at least 3 years of working experience in your nominated occupation and have a relevant skills assessment. With this visa, there is a requirement that you must work for the employer who is sponsoring you.

This visa provides pathway to permanent residency through the 191 visa.

Experience

At least 3 years full-time work experience in the nominated occupation.

English

Must have at least Competent English, i.e., IELTS 6.0 or equivalent.

Age

Must be under 45 years of age, unless exempt.

Be Sponsored

Must be sponsored by an Australian regional employer.

Subclass 482 visa – Temporary Skill Shortage (Short Term)

The Subclass 482 visa is a Temporary Skill Shortage visa that requires a sponsorship from an Australian employer. The TSS short term stream visa allows to your live and work in Australia for up to 2 years each time you are granted this visa. You may apply for two 482 visas in the short stream onshore and subsequent ones offshore, as long as the employer is willing to sponsor you. The TSS 482 short term stream does not have a path to permanent residency throught the 186 visa.

English Level

Must have IELTS atleast 5.0 with no band less than 4.5.

Age

There is no age requirement for this visa.

Health and Character

Must meet health and character requirements.

Job Outlook

  • $2231

    Weekly Earnings

  • 81%

    Work full time hours

  • strong

    Growth expected in the next 5 years

  • 28% female

    Gender share

  • 47 hours

    Average full-time

  • high skill

    Skill level rating

Book a consultation with our Registered Migration Agents in Melbourne to find out more about your visa options and your path to Australian permanent residency or applying for citizenship.