Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners

FNSFMB504 Mapping and Delivery Guide
Implement complex loan structures

Version 1.0
Issue Date: May 2024


Qualification -
Unit of Competency FNSFMB504 - Implement complex loan structures
Description
Employability Skills
Learning Outcomes and Application This unit describes the skills and knowledge required to establish actions, timings and priorities needed to implement complex loans and supervise the implementation process, and applies to finance brokers working with clients with complex needs. It applies to individuals who use specialised knowledge and well developed organisational skills to coordinate the implementation of complex financial processes.Work functions in the occupational areas where this unit may be used are subject to regulatory requirements. Refer to the FNS Implementation Guide Companion Volume or the relevant regulator for specific guidance on requirements.
Duration and Setting X weeks, nominally xx hours, delivered in a classroom/online/blended learning setting.

Assessment must be conducted in a safe environment where evidence gathered demonstrates consistent performance of typical activities experienced in the finance and mortgage broking field of work and include access to:

office equipment, technology, software and consumables

financial services product information

specialist software and data.

Assessors must satisfy NVR/AQTF assessor requirements.
Prerequisites/co-requisites
Competency Field
Development and validation strategy and guide for assessors and learners Student Learning Resources Handouts
Activities 		Slides
PPT 		Assessment 1 Assessment 2 Assessment 3 Assessment 4
Elements of Competency Performance Criteria              
Element: Organise implementation actions
  • Review special or complex features of client situation for implementation implications including high asset, income or expenditure requirements, complex taxation, nature and forms of securities to be taken and other legal or complex issues
  • Prioritise implementation actions, plan timing for each action and confirm activities to be consistent with client needs and specifications
  • Explain implementation actions required by client clearly, obtain written agreement to actions and establish implementation records
  • Implement actions including timing and priority to maximise advantage for client
       
Element: Establish appropriate procedures for implementation
  • Identify and brief personnel to implement each action for loan structure and complete internal and external documentation requirements
  • Coordinate implementation actions that depend on or involve actions by other professionals
  • Establish monitoring procedures for critical implementation timing and priorities
       
Element: Undertake and/or supervise implementation
  • Brief client on actions to be undertaken and provide assistance where needed
  • Issue instructions to internal and external personnel as per loan structure
  • Maintain consultation and monitoring with other professionals where joint implementation action is required, and check and follow up on lodgement of documentation to ensure plan timings are met
  • Obtain and process fees and charges according to organisational and legislative requirements
  • Debrief client post-implementation and address any concerns
       


Evidence Required

List the assessment methods to be used and the context and resources required for assessment. Copy and paste the relevant sections from the evidence guide below and then re-write these in plain English.

ELEMENT

PERFORMANCE CRITERIA

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1. Organise implementation actions

1.1 Review special or complex features of client situation for implementation implications including high asset, income or expenditure requirements, complex taxation, nature and forms of securities to be taken and other legal or complex issues

1.2 Prioritise implementation actions, plan timing for each action and confirm activities to be consistent with client needs and specifications

1.3 Explain implementation actions required by client clearly, obtain written agreement to actions and establish implementation records

1.4 Implement actions including timing and priority to maximise advantage for client

2. Establish appropriate procedures for implementation

2.1 Identify and brief personnel to implement each action for loan structure and complete internal and external documentation requirements

2.2 Coordinate implementation actions that depend on or involve actions by other professionals

2.3 Establish monitoring procedures for critical implementation timing and priorities

3. Undertake and/or supervise implementation

3.1 Brief client on actions to be undertaken and provide assistance where needed

3.2 Issue instructions to internal and external personnel as per loan structure

3.3 Maintain consultation and monitoring with other professionals where joint implementation action is required, and check and follow up on lodgement of documentation to ensure plan timings are met

3.4 Obtain and process fees and charges according to organisational and legislative requirements

3.5 Debrief client post-implementation and address any concerns

Evidence of the ability to:

prepare materials, personnel and other professionals to effectively implement complex loan structures

interpret and comply with legislation, industry regulations, organisational requirements and codes of practice

review impacts of high asset, income or expenditure requirements, complex taxation, complex nature of and forms of securities, and other legal or complex requirements

establish appropriate monitoring to track progress of implementation.

Note: If a specific volume or frequency is not stated, then evidence must be provided at least once.

To complete the unit requirements safely and effectively, the individual must:

identify and explain complex features of a client situation and needs including:

commercial loans

chattel leases

native title rights

heritage issues

contaminated sites or properties near noxious industries

explain the complex nature of the securities to be taken including:

implications of borrowing against leased premises

multiple securities of differing kinds

rural land

specialised securities such as hotels

identify forms of security to be taken for complex loan structures:

assignment of rental income to the lender

joint and several personal or related company guarantees

multiple mortgages

registered company charges

second mortgages

the involvement of unit or family trusts as either borrowers or guarantors

discuss documentation requirements relating to:

disclaimers

disclosures

insurance policies

prospectuses

receipts

written advice

outline key features of relevant legislation including state and territory legislation, charges and taxes

discuss time management techniques and tools to support implementation process.

Submission Requirements

List each assessment task's title, type (eg project, observation/demonstration, essay, assignment, checklist) and due date here

Assessment task 1: [title]      Due date:

(add new lines for each of the assessment tasks)

Assessment Tasks

Copy and paste from the following data to produce each assessment task. Write these in plain English and spell out how, when and where the task is to be carried out, under what conditions, and what resources are needed. Include guidelines about how well the candidate has to perform a task for it to be judged satisfactory.

ELEMENT

PERFORMANCE CRITERIA

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1. Organise implementation actions

1.1 Review special or complex features of client situation for implementation implications including high asset, income or expenditure requirements, complex taxation, nature and forms of securities to be taken and other legal or complex issues

1.2 Prioritise implementation actions, plan timing for each action and confirm activities to be consistent with client needs and specifications

1.3 Explain implementation actions required by client clearly, obtain written agreement to actions and establish implementation records

1.4 Implement actions including timing and priority to maximise advantage for client

2. Establish appropriate procedures for implementation

2.1 Identify and brief personnel to implement each action for loan structure and complete internal and external documentation requirements

2.2 Coordinate implementation actions that depend on or involve actions by other professionals

2.3 Establish monitoring procedures for critical implementation timing and priorities

3. Undertake and/or supervise implementation

3.1 Brief client on actions to be undertaken and provide assistance where needed

3.2 Issue instructions to internal and external personnel as per loan structure

3.3 Maintain consultation and monitoring with other professionals where joint implementation action is required, and check and follow up on lodgement of documentation to ensure plan timings are met

3.4 Obtain and process fees and charges according to organisational and legislative requirements

3.5 Debrief client post-implementation and address any concerns

Copy and paste from the following performance criteria to create an observation checklist for each task. When you have finished writing your assessment tool every one of these must have been addressed, preferably several times in a variety of contexts. To ensure this occurs download the assessment matrix for the unit; enter each assessment task as a column header and place check marks against each performance criteria that task addresses.

Observation Checklist

Tasks to be observed according to workplace/college/TAFE policy and procedures, relevant legislation and Codes of Practice Yes No Comments/feedback
Review special or complex features of client situation for implementation implications including high asset, income or expenditure requirements, complex taxation, nature and forms of securities to be taken and other legal or complex issues 
Prioritise implementation actions, plan timing for each action and confirm activities to be consistent with client needs and specifications 
Explain implementation actions required by client clearly, obtain written agreement to actions and establish implementation records 
Implement actions including timing and priority to maximise advantage for client 
Identify and brief personnel to implement each action for loan structure and complete internal and external documentation requirements 
Coordinate implementation actions that depend on or involve actions by other professionals 
Establish monitoring procedures for critical implementation timing and priorities 
Brief client on actions to be undertaken and provide assistance where needed 
Issue instructions to internal and external personnel as per loan structure 
Maintain consultation and monitoring with other professionals where joint implementation action is required, and check and follow up on lodgement of documentation to ensure plan timings are met 
Obtain and process fees and charges according to organisational and legislative requirements 
Debrief client post-implementation and address any concerns 

Forms

Assessment Cover Sheet

FNSFMB504 - Implement complex loan structures
Assessment task 1: [title]

Student name:

Student ID:

I declare that the assessment tasks submitted for this unit are my own work.

Student signature:

Result: Competent Not yet competent

Feedback to student

 

 

 

 

 

 

 

 

Assessor name:

Signature:

Date:

Assessment Record Sheet

FNSFMB504 - Implement complex loan structures

Student name:

Student ID:

Assessment task 1: [title] Result: Competent Not yet competent

(add lines for each task)

Feedback to student:

 

 

 

 

 

 

 

 

Overall assessment result: Competent Not yet competent

Assessor name:

Signature:

Date:

Student signature:

Date: