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.

What the job involves

• 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