ANZSCO 222112: Finance Broker
Skill Level: 2 | Assessing Authority: VETASSESS (Group: C)
Group C : Skills Assessment Criteria:
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;
OR
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;
OR
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;
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.
Requirements for Skills Assessment
This occupation requires a qualification assessed as comparable to the education level of an Australian Qualifications Framework (AQF) Diploma or higher and in a field highly relevant to the nominated occupation.
In addition to the above, it is essential for applicants to meet the following employment criteria:
- at least one year of post-qualification employment at an appropriate skill level,
- undertaken in the last five years,
- working 20 hours or more per week, and
- highly relevant to the nominated occupation.
If the qualification is not in a highly relevant field, then the applicant must have:
- two years of post-qualification employment experience at an appropriate skill level,
- undertaken in the last five years,
- working 20 hours or more per week, and
- highly relevant to the nominated occupation.
This is reduced to one year if there is an additional qualification at least at AQF Certificate IV level in a highly relevant field.
If employment has occurred before completion of qualification, then three years of highly relevant employment experience are required in addition to at least one year of highly relevant employment at an appropriate skill level in the last five years.
Please note in order to achieve a successful Skills Assessment Outcome, a positive assessment for both qualifications and employment is required.
Qualification
AQF Diploma or higher qualification. This includes qualifications assessed at AQF Advanced Diploma, Associate Degree, Bachelor, Master and Doctoral level.
Highly relevant major fields of study include:
» Finance
» Economics
» Econometrics
» Accounting
» Management
» General Commerce
» Business
Employment
Highly relevant tasks include, but are not limited to:
» Determining clients’ specific financial requirements, and researching and reviewing finance 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.
Additional tasks may include
» Arranging home loan mortgages and other types of finance for clients through banks, lenders, and finance companies
» Preparing documents that set out the conditions of finance, repayments and loan periods
» Ascertaining clients’ current financial position and financial intentions
» Providing information and advice about credit products and associated finance transactions
» Identifying a range of credit providers that may approve a loan for a specific situation
» Assessing clients’ borrowing capacities
» Assisting in the selection of the most suitable loan structure and products that suit clients’ objectives
» Completing loan application documents
» Updating clients on the progress of their application and their credit approval
» Keeping in touch with credit providers to ensure that settlement of clients’ loans occurs without unnecessary delay.
Reference: vetassess.com.au
Skill Assessment Assistance