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.
Fun facts
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2622 Weekly Pay Before Tax
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83% full-time Full-Time Share
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34% female Gender Share
Tasks
There are many tasks done by financial brokers. A few are listed below:
- 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
- brokering complex and commercial leases, equipment finance, commercial finance, project finance and finance for property developers
Specific occupations
- Commodities Trader
- Finance Broker
- Insurance Broker
- Financial Broker
- Investment Broker
- Commodities Broker
- Energy Trader
- Grain Buyer
- Livestock Trader
- Media Buyer
- Wool Broker
- Lease Broker
- Mortgage Broker