ANZSCO - Business, Human Resource and Marketing Professionals

2221 FINANCIAL BROKERS

FINANCIAL BROKERS operate as independent agents to facilitate the trading of commodities and arrange insurance and loans of money on behalf of clients.

Skill Level: 2

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

Related Occupations:

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

222111 COMMODITIES TRADER

Alternative Title: Commodities Broker

Operates as an independent agent to bring together buyers and sellers of commodities, negotiates private sales and arranges sales through established market places.

Skill Level: 2

Specialisations:

  • Energy Trader
  • Grain Buyer
  • Livestock Trader
  • Media Buyer
  • Wool Broker

222112 FINANCE BROKER

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

222113 INSURANCE BROKER

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 may be required.

Skill Level: 2


222199 FINANCIAL BROKERS NEC

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

Skill Level: 2

Occupations in this group include:

  • Investment Broker

 

2222 FINANCIAL DEALERS

FINANCIAL DEALERS conduct financial market transactions on behalf of clients.

Skill Level: 1

In Australia and New Zealand:

Most occupations in this unit group have a level of skill commensurate with a bachelor degree or higher qualification. At least five years of relevant experience may substitute for the formal qualification. In some instances relevant experience and/or on-the-job training may be required in addition to the formal qualification (ANZSCO Skill Level 1).
Registration or licensing may be required.

Tasks:

  • obtaining information on securities, market conditions, government regulations and financial circumstances of clients
  • interpreting data from securities reports, financial periodicals and stock-quotation viewer screens
  • analysing financial markets and financial market products
  • providing information and offering advice on financial market matters, market conditions and the history and prospects of corporations
  • executing buy and sell orders in the market place on behalf of clients
  • relaying trade information to clients such as the number of contracts bought and sold and the price
  • monitoring futures prices and market changes, and bidding for commodity futures contracts
  • recording and transmitting buy and sell orders
  • calculating and recording costs of transactions

Related Occupations:

  • 222211 Financial Market Dealer
  • 222212 Futures Trader
  • 222213 Stockbroking Dealer
  • 222299 Financial Dealers nec

222211 FINANCIAL MARKET DEALER

Alternative Title: Money Market Dealer

Buys and sells securities within financial markets, and trades and distributes financial securities on behalf of financial institutions. Registration or licensing is required.

Skill Level: 1

Specialisations:

  • Derivatives Dealer
  • Fixed Interest Dealer
  • Foreign Exchange Dealer
  • Securities Dealer

222212 FUTURES TRADER

Buys and sells commodity futures on behalf of clients. Registration or licensing is required.

Skill Level: 1


222213 STOCKBROKING DEALER

Alternative Titles:

  • Sharebroker
  • Stockbroker

Buys and sells stocks and bonds on behalf of clients. Registration or licensing is required.

Skill Level: 1

Specialisation:

Trading Floor Operator (Stock Exchange)

222299 FINANCIAL DEALERS NEC

This occupation group covers Financial Dealers not elsewhere classified. Registration or licensing may be required.

Skill Level: 1

Occupations in this group include:

  • Equities Analyst
  • Investment Dealer

 

2223 FINANCIAL INVESTMENT ADVISERS AND MANAGERS

FINANCIAL INVESTMENT ADVISERS AND MANAGERS develop financial plans for individuals and organisations, and invest and manage funds on their behalf.

Skill Level:

In Australia and New Zealand:

Most occupations in this unit group have a level of skill commensurate with a bachelor degree or higher qualification. At least five years of relevant experience may substitute for the formal qualification. In some instances relevant experience and/or on-the-job training may be required in addition to the formal qualification (ANZSCO Skill Level 1).
Registration or licensing may be required.

Tasks:

  • interviewing prospective clients to determine financial status and objectives, discussing financial options and developing financial plans and investment strategies
  • monitoring investment performance, and reviewing and revising investment plans based on modified needs and changes in markets
  • recommending and arranging insurance cover for clients
  • arranging to buy and sell stocks and bonds for clients
  • advising on investment strategies, sources of funds and the distribution of earnings
  • setting financial objectives, and developing and implementing strategies for achieving the financial objectives
  • managing funds raised from personal superannuation savings policies and unit trusts
  • assisting in meeting superannuation compliance requirements
  • directing the collection of financial, accounting and investment information and the preparation of budgets, reports, forecasts and statutory returns
  • may refer clients to other organisations to obtain services outlined in financial plans

Related Occupations:

  • 222311 Financial Investment Adviser
  • 222312 Financial Investment Manager

 

222311 FINANCIAL INVESTMENT ADVISER

Alternative Title: Financial Planning Adviser

Develops and implements financial plans for individuals or organisations, and advises on investment strategies and their taxation implications, securities, insurance, pension plans and real estate. Registration or licensing may be required.

Skill Level: 1


222312 FINANCIAL INVESTMENT MANAGER

Alternative Title: Portfolio Manager

Invests and manages sums of money and assets on behalf of others over an agreed period of time, in order to generate income and profit. Registration or licensing may be required.

Skill Level: 1

Specialisations:

  • Superannuation Funds Manager
  • Unit Trust Manager