New Business Administrator

Templegate Recruitment
Closing date
11 Feb 2022

Financial Services Specialist Recruiters

Job Title: New Business Administrator

Location: London

Benefits: Competitive salary, 28 days Holiday plus Bank Holidays, Life Cover, Pension, Health Care Benefits, Exam Support.

Salary: £24,000 to £28,000 Depending on experience.

About the Company:

This prestigious and excellent reputable firm has a lot to offer the right person. Support is given and they help you grow and progress with your career, they offer a professional approach to Wealth Planning Advice and are looking for Talented individuals to join their team.

Our Client advise on a range of clients from individuals requiring a mortgage and protection for their dependents to high net worth clients with large investment & pension portfolios. They provide advice across protection, pensions, investment, mortgages and business needs.

This is a fantastic opportunity for a candidate looking to build a career in the financial services within a growing firm. On offer is a very competitive salary and a great working environment, working for a company that is extremely ambitious and growing all the time.

You will need experience working within an IFA Practice and Financial Services qualifications is preferred but not essential.

What Your Day to Day Duties Will Include as a New Business Administrator:

Send letter of authority (LOA) to providers and request policy information.

Communicate with providers by e mail, letter or telephone.

Deal with incoming and outgoing post.

Scan incoming post and forward to the relevant party in a timely manner.

Proactively chase providers to ensure that LOA has been received by the provider and that all relevant policy information is received and given to the appropriate person/team.

Check and input protection applications via the provider's website; chase/follow up doctors for progress of medical reports etc; keep adviser informed at all times.

Follow up /chase New Business by contacting the relevant provider; inform the adviser of progress and keep the adviser informed at all times.

Chase advisers for outstanding Trust documents and liaise with client if required.

Sanction search for new clients.

Making sure all client contact is carried out in a professional and courteous way.

Comply with the Financial Services and Markets Act 2000 and the relevant FCA rules including Compliance, financial crime (anti-money laundering, data security, anti-bribery, fraud) procedures at all times.

Answer telephone calls; transfer caller to the correct person or take accurate messages and pass to the relevant person without undue delay.

Meet/greet office visitors (occasionally).

Manage meeting room bookings as required

Responsible for ensuring office supplies - stationery, facilities, sundries (tea coffee milk) purchased.

Liaising with suppliers e.g. printing company, IT provider etc to ensure services maintained efficiently by the supplier.

Check New Business submissions from advisers including relevant documentation, input to the Finplan system accurately & efficiently.

Chase commission - liaise with providers for outstanding statements; deal with queries.

Prepare invoices and issue to adviser/client for payment to be made.

What is Needed to Be Considered For This New Business Administrator:

A minimum of 2 years' experience in an administration support role within Financial Services or IFA practice is advantageous.

Understanding of the provision of financial advice to clients in a compliant manner.

Knowledge of financial services products (life, pensions, investments, mortgages etc.) and IFA back office systems is required

Awareness of data protection, money laundering/financial crime/ internet security measures.

An excellent standard of written /verbal English and be numerate.

A good level of computer literacy with MS Office knowledge (Word, Excel and Outlook); and awareness of the use of databases.

Apply today to be considered for this New Business Administrator opportunity. If suitable, one of our specialist consultants will be in contact to discuss the opportunity with you in detail prior to submitting your CV to the client. In this discussion we will aim to identify your specific skills and motivations, and where appropriate recommend other relevant opportunities to you that match your requirements

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