Financial Brokers

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

Key values of workers in Financial Brokers

• Independence

  Occupations that satisfy this work value allow employees to work on their own and make decisions. Corresponding needs are Creativity, Responsibility and Autonomy.

• Support

  Occupations that satisfy this work value offer supportive management that stands behind employees. Corresponding needs are Company Policies, Supervision: Human Relations and Supervision: Technical.

• Achievement

  Occupations that satisfy this work value are results oriented and allow employees to use their strongest abilities, giving them a feeling of accomplishment. Corresponding needs are Ability Utilization and Achievement.

• Recognition

  Occupations that satisfy this work value offer advancement, potential for leadership, and are often considered prestigious. Corresponding needs are Advancement, Authority, Recognition and Social Status.

• Working Conditions

  Occupations that satisfy this work value offer job security and good working conditions. Corresponding needs are Activity, Compensation, Independence, Security, Variety and Working Conditions.

Top skills required for workers in Financial Brokers

• Speaking

  Talking to others to convey information effectively.

• Reading Comprehension

  Understanding written sentences and paragraphs in work-related documents.

• Judgment and Decision Making

  Considering the relative costs and benefits of potential actions to choose the most appropriate one.

• Critical Thinking

  Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions, or approaches to problems.

• Writing

  Communicating effectively in writing as appropriate for the needs of the audience.