Job Details
Paraplanner
Sector:Financial Services
Region : Greater London
Location: City
Salary: £35,000 to £45,000
Job Ref.: CL1907PPH
Job Information
Job description for: ParaplannerReporting to: Paraplanner Team Manager
Our Clients are one of the UK’s largest and most successful, independently owned, corporate solutions and wealth management consultancies
Relevant Skills, Experience and Qualifications
Essential
- Qualified to Diploma Level or working towards
- The ability to work with advisers to extract the information required to prepare financial plans and recommendations
- General knowledge of the products available in the wider market and how to assess the suitability of these products
- The ability to research protection, pension & investment products and an understanding of the key information required that may affect a recommendation
- The ability to undertake detailed research on legacy products, identifying where more in depth analysis and questioning of providers is required
- An understanding of investment risk, capacity for loss and loss tolerance and the ability to construct recommendations consistent with a clients agreed risk appetite.
- Excellent report writing skills. The ability to present recommendations in a clear and logical format using language which can be easily understood by clients
- The skills and knowledge needed to create and adapt a cash flow plan appropriate to the client’s circumstances
- A good understanding of compliance issues and how these affect the advice and suitability process.
- Strong interpersonal skills and the ability to interact directly with clients and colleagues in a professional manner
- Ability to work as part of a team as well as on your own initiative
- Ability to critically evaluate information, probe and challenge the facts
- A flexible and adaptable attitude towards work
- Ability to work accurately and in accordance with procedures
- Excellent time management, ability to meet deadlines
- Experience of Microsoft Word, Excel, Outlook and provider platforms
- Desirable
- At least 3 years experience in a paraplanning role within an IFA firm
- Previous use of Swift back office system
- Previous use of Voyant software
- Previous use of FE Analytics
- Knowledge of Corporate Pension Administration
- Progression towards Advanced Diploma
- Responsibilities
- To provide paraplanning support to one or more advisers which includes, but is not limited to, the following:
- To help provide solutions to clients needs and give them a service which surpasses their expectations
- Dealing with day to day client and provider enquiries
- Preparing for client meetings including checking that all compliance paperwork is present.
- Attending client meetings and taking minutes
- Analysing and interpreting data obtained during client meetings
Analysing client’s existing products to determine whether they meet the client’s current objectives
Undertaking fund performance comparisons
Preparing product comparisons and analysing comparison illustrations
Completing the FCA pension switching and replacement product templates
Preparing cashflow plans using Voyant Software
Preparing draft recommendation reports in line with the Company’s compliance procedures
Analysing client’s asset allocations and providing recommendations for rebalancing where necessary
Delegating administrative tasks and ensuring work is correctly completed
Maintaining client files in line with Company standards
Liaising with the Compliance department to ensure all compliance procedures have been followed
Creating and maintaining accurate records of all verbal and non-verbal communications and carrying out tasks in a manner that is consistent with compliance procedures
Building and maintaining client relationships through face to face and written/telephone communication
Continuous Professional Development
To develop skills and keep up to date with all relevant legislative and technical changes as required for the role
Staff Management Responsibilities
Direct reporting: None
Indirect reporting: None
Authorities & Limitations
Financial: Not authorised to make binding contracts on behalf of the Company
Compliance: Not authorised to give FCA regulated advice
Pay and Benefits
Salary £40,000 to £47,000 depending on experience
Discretionary annual bonus
Contributory pension scheme
Private Medical Insurance
4 x Death in Service Life cover
Permanent Health Insurance
Interest free season ticket loan
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