Occupation Profile – Insurance Broker – (ANZSCO 222113) – Skilled / Employer-Sponsored Migration

ANZSCO Code222113
Occupations in this Group222111 Commodities Trader
222112 Finance Broker
222113 Insurance Broker
222199 Financial Brokers nec
DescriptionOperates 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 Level2
Occupation ListShort-term Skilled Occupation List (STSOL)
Combined list of eligible skilled occupations for subclasses 457 and 186
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
Skills Assessment AuthorityVETASSESS
Related Occupations222111 Commodities Trader
222112 Finance Broker
222199 Financial Brokers nec
State Sponsorship OptionsSkilled Nominated visa (subclass 190) Sponsorship
Skilled Regional (Provisional) visa (subclass 489) Sponsorship
English RequirementsCompetent English (e.g. IELTS: at least 6 in each skill)