An exciting opportunity has arisen for a highly experienced Paraplanner within a Wealth Management Practice providing bespoke face to face financial advice to individuals and businesses throughout the UK. Our client is an appointed representative of St. James’s Place Wealth Management.
Responsibilities:
· Providing high quality support to the advisor team, responding to advisor queries in a timely manner
· Inputting of CFR documentation onto salesforce
· Research and analyse financial products to meet client requirements and objectives, demonstrating an understanding of the desired outcome
· Producing accurate IHT calculations and cash flow models
· Preparing and producing suitability letters, reports, and illustrations
· Ensuring the end-to-end compliance process is followed
· Ensuring all cases written adhere to the Advice Guidance framework, with a view to all cases passing as suitable first time
· Ensuring advisor and Paraplanning Lead are updated throughout the complete process, liaising with the Paraplanning Lead to ensure the client is always kept up to date
· Ensure that any business conducted is done in a responsible and compliant manner, meeting all legislative, FCA and SJP requirements, both internally and externally
· Processing new business to a high standard and in line with SJP
· Liaising with the wider administration team to ensure business processing is completed to regulatory standards
· Demonstrate knowledge and understanding of, and keep up to date with, all relevant products advised on by the practice
· Ensuring all advice sets are logged appropriately on all relevant systems
· Advising the Paraplanning Lead of any challenges or delays in the completion of work
· Overseeing complex cases in conjunction with the Private Client Manager and Operations Director, where appropriate
· Managing own learning and development, attending relevant training sessions where needed
· Provide cover for other team members upon request as per the business need
· To uphold the standards of the client service charter
· Keep up to date with comms and regulatory changes (attending webinars etc..)
· Contribution at Paraplanning team meetings
Essential skills required:
· The ability to produce comprehensive, accurate and clear Suitability Reports using a combination of standard paragraphs and free text;
· Experience in writing suitability letters on a wide variety of topics, Pensions, Investments, Mortgages, Protection.
· Experience of preparing illustrations for numerous products, such as Protection.
· Experience of back office administration that relates to the paraplanning role such as updating a client’s CFR, making sure that client files are audited and all regulatory and company requirements are met at the end of a case
· Undertake continuous professional development to meet regulatory requirements, both internally and externally
· Liaise with Business Assurance (SJP’s internal compliance body) and ensure cases are graded as suitable first time on all pre and post approval checks
· Excellent grammar, spelling and punctuation skills;
· Excellent interpersonal and communication skills;
· A high standard of personal organisational skills;
· Experience of working to targeted service standards and procedures;
· A proven track record in delivering first-class client service;
· A good working knowledge of regulatory requirements;
· Ambitious and goal-orientated;
· Evidence of continual learning and development of skills and knowledge;
· An adaptable and flexible approach to work within a changing environment;
· Experience of working unsupervised with a high level of self-motivation;
· Good IT skills covering MS Office, MS Outlook, MS Excel and back office system