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Paraplanner

Employer
Cluett Reeve Ltd
Location
UK
Salary
Competitive
Closing date
24 Jun 2022

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Sector
Accountancy
Contract Type
Permanent
Hours
Full Time
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Roles & Responsibilities

Paraplanner

Overview

This highly professional IFA Group provides wealth management advice to high net worth individuals. They are looking for an experienced Paraplanner to join a small team of equally experienced staff. You should be able to work within a small team and have the confidence to deal directly with Clients and Advisers. We are looking for a qualified and experienced paraplanner who has drive and determination to succeed in their role, with an eye for detail, a willingness to learn and a "can do" attitude to support Advisers in carrying out high quality research on a full range of financial planning products in line with Group IFA's advice process and compliance framework.

You will be responsible for writing detailed reports resulting in specific product/company recommendations.

Position Overview

Position Status: Permanent Full Time

Reporting Relationships: Reporting to Managing Director

Expected hours of work: Standard hours are 9am to 5pm, Monday to Friday

Role
  • Ability to understand and articulate The Advisers requirements, flagging any concerns where appropriate.
  • Obtaining information on a client's existing financial arrangements and conducting a gap analysis.
  • Producing a strategy report and making high level recommendations in line with the clients' objectives where required.
  • Researching the market in line with guidelines from The Advisers, The Client's circumstances and objectives for product and service solutions and preparing personalised high-quality reports written in plain English and include any compliance requirements.
  • Communication with the Adviser throughout this process is of paramount importance.
  • Have a thorough understanding of the Group IFA advice process, strategy and suitability letter format, pre-approval process and the regulatory requirements imposed by the FCA and be able to deliver against these in agreed timescales.
  • Understand each client's circumstances, objectives, attitude to risk, capacity for loss, knowledge and experience and timescales to ensure advice is appropriate.
  • Prepare analysis of client's existing portfolio.
  • Conducting research and produce client facing strategy reports to facilitate business writing opportunities.
  • Prepare research and quotations for client meetings.
  • Deal with client and provider correspondence (as part of the research and reporting process).
  • Follow the Group IFA client services process to deliver a personalised and high-quality service to Advisers.
  • Prepare valuations and portfolio commentary for client meetings and updates.
  • Liaise with colleagues and compliance to assist the approval and submission of compliant new business.
  • Input client information onto the back-office system and ensure all tasks are recorded and acted upon within the agreed timescales. Ensure client history is maintained.
  • Provide regular updates to the Adviser.
  • Develop working relationships with product providers.
  • Understand workflow and be able to deliver and report against various tasks, ensuring all concerned parties can easily review case status.
  • Work closely with other paraplanners within Group IFA to share ideas and best practice, including assisting Manager with all aspects of a good customer experience and identify any improvements that can be made.
  • Undertake any other duties commensurate with skills and experience.
  • Participate in appropriate company and departmental training, competence and development initiatives.

Salary: In the region of £32,000 - £40,000 pa depending on experience

Experience/ Qualifications:

Essential
  • Excellentorganisationaland prioritisingskills,withthe abilitytostayfocusedunder pressure.
  • Excellentverbalandwritten communicationskills.
  • Abletocommunicateand influenceatalllevels.
  • Highlynumerateand analyticalwithexcellent attentiontodetail.
  • Self-motivatedandableto workonowninitiative.
  • Teamplayer
  • Solutionsorientated.
  • Abilitytothinkoutsidethe box.
  • Previousexperienceof workingwithinanIFA environmentwithagood knowledgeofallretail investmentproducts.
  • StrongPCskillswithgood knowledgeofMSWord, ExcelandOutlook.
  • Abilitytobalancecommercial needswithcompliance requirements.

Desirable
  • Workingtowardsorachievement of CII Diploma/Chartered Status
  • Knowledgeofresearchtools& software(e.g.AEQUOSEngage, Trustnet,Analytics).
  • Knowledgein otherareassuch as protection and IHTplanning.
  • KnowledgeofSIPPproviders, permittedinvestmentsand specialistfunds.
  • Understandingofindustry initiativesincludingTCFand RDR.
  • Ableto assistwithtrainingand coachingof juniormembersof staff.
  • Desiretomaintainknowledgeof industrydevelopments.
  • Capableofdeveloping relationshipswithprovidersand leveragingthesewhenrequired.
  • Abletoidentifyprocess improvements.
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