BSBPEF501 - Development Plans v1.1

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Swinburne University of Technology *

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FNS50322

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Business

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Feb 20, 2024

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docx

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BSBPEF501 – Manage personal and professional development (Release 1) Development Plans Development Plans Page | 1 of 8 © Real Estate Academy Australia RTO 32436 Version 1.1 – January 2022

BSBPEF501 – Manage personal and professional development (Release 1) Development Plans Scenario Instructions: For this assessment task you are required to manage a personal and professional development plan of one third party. You are to assume that you are the direct supervisor of these persons. It is recommended that you interview workers in the mortgage broking industry however this is not mandatory. What you need to do: Fill in the table below by writing in the spaces provided. You are required to answer all questions correctly. If correct, you will see ‘Satisfactory’ or if incorrect you will see ‘Not Satisfactory’ in your grades section of your learner portal next to the assessment name. The assessor will provide feedback and a Record of Results in the assessment task once graded. You will be required to resubmit your work for any ‘Not Satisfactory’ assessment tasks. What you will need: Use the learner material provided in your online student portal as well as research materials such as books, internet, magazines, workplace documentation etc. to assist you in gaining the knowledge required to answer the questions. Remember that the assessment is completely self-paced and open book, so you can use whatever resources you have to answer the questions. What you need to submit: Your 2 x completed Development Plans How to Submit your Assessment: Upload your completed document into the “BSBPEF501 – Development Plans” assessment task [1] in your learner portal. You can drag and drop the file into the window or use the add file icon in the top left of the submission window and select the file your wish to upload by using the browse/choose file option. Click on finish attempt to submit it for grading. Page | 2 of 8 © Real Estate Academy Australia RTO 32436 Version 1.1 – January 2022

BSBPEF501 – Manage personal and professional development (Release 1) Development Plans Personal and Professional Development – Plan 1 Name: Cecilia Aurellia (Person whom development plan is for) Position: Mortgage Broker Supervisor (you): Shilpa Sanwlani Details of Roles and Responsibilities Roles Responsibilities (i.e., ‘presenting options to clients’) (i.e., ‘ensuring options are suitable to clients’) To provide support and assistance to the customers as part of the finance broking business. Must understand the needs and asprations of the customers with respect to the financial conditions. To help the clients in the process of loan application, and support them step by step through the entire journey Keep learning and must stay updated with the latest trends, mortgage products and regulations. To ensure open and honest communications are done throughout the entire process. Ensure to work as per the rules and regulations governing the mortgage business Talents & strengths Area for improvement Financial Knowledge Improvements in internal processes Building and fostering relationships Customer Relationship Management Strong communication skills Staying updated with most recent products, rules governing the mortgage business. Career Goals & Objectives Short-term goals: Long-term goals: To be able to generate more customer leads and ensure they are diligently followed up. Robust network of continuous referrals To improve relationships with the existing customers. Increase knowledge of the financial products and literacy to be able to support the customers in a much better way. To keep reading and staying up to date with interest rate changes, and new loand products. Establish a reputable brand which becomes a benchmark for the industry and other mortgage brokers. What are the steps to reach these goals and objectives? Page | 3 of 8 © Real Estate Academy Australia RTO 32436 Version 1.1 – January 2022

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BSBPEF501 – Manage personal and professional development (Release 1) Development Plans (You may have to do your own research if there is any specific licensing obligations) The steps to achieve these goals and objectives include: a) To be able to identify the major areas which require development. b) Have a plan of action created to look after these development areas. c) Proactive steps to be taken to make improvements. d) It is important to assess progress regularly. e) Make necessary adjustments. f) Begin by conducting a self-assessment to identify existing skills and areas for improvement. g) Seek out opportunities for skill development, such as formal training or gaining experience on the job. h) Apply newly acquired skills in the current role to enhance effectiveness. i) Continuously expand skills and knowledge, gradually transitioning into a different role within the company. j) Initiate a performance discussion with the supervisor to receive feedback on strengths and areas needing improvement. Develop a plan to enhance performance in the current role, which may involve assuming additional responsibilities, acquiring new skills, or improving work habits. Development Plan Organise and prioritise the activities to reach the Goals & Objectives Personal & professional development activities Timeframe How can the supervisor and HR help and facilitate it (i.e., ‘Achieving Cert IV in Finance and Mortgage Broking’) (i.e., ‘6 to 12 months’) (i.e., ‘allowing time off for study’) MFAA Accrediation 2 weeks Reviewing the documents submitted Lender Accrediation 2 weeks Revieweing the documents submitted Conference 1 day Conference booking and time management Click or tap here to enter text. .. .. Comments & Feedback Cecilia is working extremely hard and she is a smart worker, I am confident that she will do great in this role and will be able to reach her goals quickly. Page | 4 of 8 © Real Estate Academy Australia RTO 32436 Version 1.1 – January 2022

BSBPEF501 – Manage personal and professional development (Release 1) Development Plans Page | 5 of 8 © Real Estate Academy Australia RTO 32436 Version 1.1 – January 2022

BSBPEF501 – Manage personal and professional development (Release 1) Development Plans Personal and Professional Development – Plan 2 Name: Siddharth Mahthan (Person whom development plan is for) Position: CA Accountant Supervisor (you): Shilpa Sanwlani Details of Roles and Responsibilities Roles Responsibilities (i.e., ‘presenting options to clients’) (i.e., ‘ensuring options are suitable to clients’) Conducting research Research and identify industry trends and best practices Conducting research Take courses and participate in training programs Participate in professional organizationsand networks Develop actionable plans to improve skills and network and knowledge Talents & strengths Area for improvement Delegation Be more proactive Understanding of the financial knowledge Be a better listener Communication Skills Multi-tasking Career Goals & Objectives Short-term goals: Long-term goals: Develop a better understanding of thebusiness Obtain a CPA certificate Develop a better understanding of thebusiness Obtain a MBA degree Develop a better understanding of thebusiness Teach some students who are in a similar career progression. What are the steps to reach these goals and objectives? (You may have to do your own research if there is any specific licensing obligations) 1.A thorough research must be conducted on the prerequisites for attaining CPA and MBA credentials. 2.Successfully complete the coursework required for obtaining these certifications. 3.Showcase proficiency by passing the requisite examinations. 4.Acquire practical experience by working in the accounting or MBA field to enhance professional expertise. 5.Commence a career in academia by teaching accounting or finance courses at the college level. Page | 6 of 8 © Real Estate Academy Australia RTO 32436 Version 1.1 – January 2022

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BSBPEF501 – Manage personal and professional development (Release 1) Development Plans Page | 7 of 8 © Real Estate Academy Australia RTO 32436 Version 1.1 – January 2022

BSBPEF501 – Manage personal and professional development (Release 1) Development Plans Development Plan Organise and prioritise the activities to reach the Goals & Objectives Personal & professional development activities Timeframe How can the supervisor and HR help and facilitate it (i.e., ‘Achieving Cert IV in Finance and Mortgage Broking’) (i.e., ‘6 to 12 months’) (i.e., ‘allowing time off for study’) CPA Completion 12 months Able to get across better resources to learn and expand the horizons MBA Completion 18 months Able to get across better resources to learn and expand the horizons Attend courses to learn somewriting skills 6 months Conference booking and time management Click or tap here to enter text. .. .. Comments & Feedback Siddharth is working extremely hard and she is a smart worker, I am confident that she will do great in this role and will be able to reach her goals quickly. Page | 8 of 8 © Real Estate Academy Australia RTO 32436 Version 1.1 – January 2022

BSBPEF501 - Development Plans v1.1

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