Finance Broker
Find and organise loans and insurance and provide advice to clients.
Job opportunities
-
Jobs in SEEK right now
Job growth
-
5-year projection
Salary
-
Typical salary
Job satisfaction
-
Job opportunities
-
Jobs in SEEK right now
Salary
-
Typical salary
Job growth
-
5-year projection
Job satisfaction
-
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.
Financial Brokers are “go-betweens” who typically liaise with banks and credit unions on a client’s behalf to arrange home loans, life cover, income protection, commercial finance, business financial planning, car loans, insurance and investments.Financial Brokers tend to work for banks, building societies, financial planning organisations and many work for themselves.
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.
Source: SEEK job ads and SEEK Profile data
Did you find this helpful?
Latest Finance Broker reviews
May 2021
Reviewer's Qualification
Certificate IV in Mortgage Lending
Experience
10+ years
Organisation size
Small (1-19 employees)
Specialisation
Commercial Loans
The good things
Flexible working hours, Good commissions and trail commissions
The challenges
Service levels with the lenders. Changing credit policy and compliance documents
Read more
Feb 2024
Reviewer's Qualification
Diploma of Finance Broking
Experience
5 – 9 years
Organisation size
Small (1-19 employees)
The good things
Being able to assist clients achieve their financial dreams.
The challenges
Lot of competition from other brokers, too many policies & products from various lenders, dictated to by the banks to a certain degree.
Read more
Source: SEEK role reviews
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 seek.com.au
Explore similar careers
Subscribe to Career Advice
Get expert career advice delivered to your inbox.
You can cancel emails at any time. By clicking ‘subscribe’ you agree to SEEK’s Privacy Statement.