Could you become a Financial and Insurance Brokers?
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Demand falling
What this job is
A financial or insurance broker provides advisory and transactional services to clients seeking financial products or insurance cover. These brokers source, compare, and arrange policies or financial instruments from multiple providers, negotiate terms, and manage the client relationship through to policy inception or settlement. They operate within regulatory frameworks set by ASIC, AFCA, and relevant insurance bodies.
Pay
A$2,576 a week
This is the median for full-time employees who are not managers and are paid at the adult rate, before tax and salary sacrifice. It is a guide to what the work pays, not a wage rate.
Source: ABS Survey of Employee Earnings and Hours, May 2025, customised report.
What this role asks for
- Active Listeningcore
- Actuarial sciencecore
- Adapt to artists' creative demandscore
- Attention to Detailcore
- Confidentiality and Privacy Compliancecore
- CRM System Operationcore
- Customer Needs Assessmentcore
- Negotiationcore
- Objection Handlingcore
- Policy Interpretationcore
- Record Managementcore
- Regulatory and Legislative Awarenesscore
- Research and Analysiscore
- Risk Identificationcore
- Stakeholder Communicationcore
- Verbal Communicationcore
- Written Communicationcore
- Advise on financial matters
- Complaint Handling
- Continuous Learning and Upskilling
- Eligibility Assessment
- Microsoft Office Suite Proficiency
- Onboarding New Clients
- Report Writing
- Time Management and Prioritisation
- Upselling and Cross-Selling