Finance Broker
Find and organise loans and insurance and provide advice to clients.
Job opportunities
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Jobs in SEEK right nowJob growth
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5-year projectionSalary
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Typical salaryJob satisfaction
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Job opportunities
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Jobs in SEEK right nowSalary
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Typical salaryJob growth
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5-year projectionJob satisfaction
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On this page
- What's it like to be a Finance Broker?
- How to become a Finance Broker
- Latest Finance Broker jobs
- Top skills and experience for Finance Brokers
- Finance Broker role reviews
What's it like to be a Finance Broker?
Financial Brokers act on behalf of their clients to find and organise loans, arrange insurance and offer advice on financial market transactions.
Tasks and duties
- Gathering information on market conditions, commodity prices and trends and discuss these with clients, taking into account their individual financial circumstances.
- Liaising with clients to determine their requirements and recommend loans and insurance coverage that meets their needs.
- Maintaining relationships with banks, insurance companies and lenders to organise loads, finance and insurance for clients.
- Preparing and lodging relevant documentation.
How to become a Finance Broker
To work as a Financial Broker in Australia, a qualification in finance is usually required, in addition to fulfilling the registration or licensing requirements in your state.
- Undertake a qualification in financial broking, such as a Certificate IV in Finance and Mortgage Broking (FNS40815), Diploma of Finance and Mortgage Broking Management (FNS50315), or a Bachelor of Business (Financial Planning).
- If wanting to practise as a Mortgage Broker, you must have an Australian Credit Licence (ACL), obtained through the Australian Securities and Investments Commission (ASIC). Also consider joining an industry association, such as the Finance Brokers Association of Australia (FBAA).
- Financial Brokers with experience may wish to specialise and become a Commodities Trader, Financial Market Broker or Investment Banker.
Compare your salary
Find out how your salary compares with the average salary for Finance Brokers.Latest Finance Broker jobs on SEEK
Be one of the first to discover these recently listed jobs, or browse all Finance Broker jobs on SEEK right now.Did you find this helpful?
Skills and experience employers are looking for
Having the right skills and experience can make you an in-demand applicant. Finance Broker employers on SEEK are looking for job seekers with expertise in the following areas. Mortgage Broking
Settlements
Lending
Asset Finance
Commercial Lending
Home Loans
Financing
CoreLogic RP Data
Finance Broking
Finance Strategy
Source: SEEK job ads and SEEK Profile data
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Latest Finance Broker reviews
May 2021
Mortgage Broker - the good, bad and the ugly
Reviewer's QualificationCertificate IV in Mortgage Lending
Experience10+ years
Organisation sizeSmall (1-19 employees)
SpecialisationCommercial Loans
The good thingsFlexible working hours, Good commissions and trail commissions
The challengesService levels with the lenders. Changing credit policy and compliance documents
Read more
Feb 2024
Rewarding but challenging!!
Reviewer's QualificationDiploma of Finance Broking
Experience5 – 9 years
Organisation sizeSmall (1-19 employees)
SpecialisationBanking & Financial Services
The good thingsBeing able to assist clients achieve their financial dreams.
The challengesLot of competition from other brokers, too many policies & products from various lenders, dictated to by the banks to a certain degree.
Read more
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SEEK has not verified the truth or accuracy of these comments and does not adopt or endorse any of the comments posted on this page.SEEK collects and posts the comments for what they are worth and for information purposes only to assist candidates to find employment through www.seek.com.au
