222113: Insurance Broker
Skill Level: 2
Assessing Authority: VETASSESS
Visa Options – ANZSCO 222113
| Visa Type | Eligibility | MLTSSL | STSOL | ROL |
|---|---|---|---|---|
| Subclass 189 (Skilled Independent) |  | - | - | - |
| Subclass 190 (Skilled Nominated) |  | - | | - |
| Subclass 491 (State/Territory nominated) | | - | | - |
| Subclass 491 (NOT nominated by State/Territory) | | - | - | - |
| Subclass 485 (Graduate) | | - | - | - |
| Subclass 482 (TSS) | | - | | - |
| Subclass 186 (ENS) | | - | - | - |
| Subclass 187 (RSMS) | | - | | - |
| Subclass 407 (Training) | | - | | - |
State Eligibility Summary Table – ANZSCO 222113
- Occupation MAY be eligible
- Occupation in the ‘Supplementary Skilled List’ or ‘Special Conditions Apply’
- Occupation NOT on relevant ‘State Occupation List’, or ‘Closed’ status; but MAY still be eligible if you meet the requirements
- Occupation NOT eligible
222113: Insurance Broker
Major Group: 2 – Professionals | Sub-Major Group: 22 – Business, Human Resource and Marketing Professionals | Minor Group: 222 – Financial Brokers and Dealers, and Investment Advisers | Unit Group: 2221 – Financial Brokers
Description
Operates 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 Level
Occupations at Skill Level 2 have a level of skill commensurate with one of the following:
– NZ Register Diploma or
– AQF Associate Degree, Advanced Diploma or Diploma.
At least three years of relevant experience may substitute for the formal qualifications listed above. In some instances relevant experience and/or on-the-job training may be required in addition to the formal qualification.
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
Assessing Authority
Website
Email“Currently there is no known caveats applicable to this occupation”. Refer to Department of Home Affairs website for updated list.
Source: Australian Bureau of Statistics, Commonwealth of Australia 2015 – Australia and New Zealand Standard Classification of Occupations (ANZSCO) Version 1.2 CODER, Cat No. 1220.030.001, http://www.abs.gov.au/ausstats/abs@.nsf/mf/1220.0