We are currently recruiting for a boutique wealth planner, asset manager and employee benefits specialist based in London. They are currently looking to recruit a Private Client IFA Administrator to join their team. The ideal candidate should have a good understanding of Intelligent Office.
Purpose of Role
Reporting to the Group Administration Manager, this newly created role will support the Central Administration Team in providing exceptional quality administrative and technical support to the client-facing teams. The ideal candidate will be an experienced IFA administrator with an excellent understanding of Intelligent Office (iO) as a back-office system. The role will primarily provide ad-hoc and rotating cover for our team of 20 administration staff across 15 client teams, with an emphasis on supporting the integration of new teams/acquisitions and training new administration staff.
Accountabilities
Providing administration support across client-facing admin teams
1. Ad-hoc team-based administration support to cover, for example, holiday or sickness absences, temporary increases in workload or ad-hoc data cleansing work
2. Support the transition and integration of administration work as a result of acquisition projects or new adviser induction
3. Process and submit new business to providers and ensure applications are completed
4. Ensure client data is accurately maintained on iO and Volume (our DMS), including all written and electronic communication with clients and providers and meeting notes
5. Prepare documentation for client meetings, including literature, illustrations and forms from providers. Pre-complete application forms and other documents for client signing or approval where necessary and use DocuSign where appropriate
6. Ensure client agreements, including fee schedules, are in place and signed, documented and saved to the DMS and that all client records are up to date on iO
7. Schedule and manage follow up tasks relating to client meetings and business submissions, using iO to monitor and accurately record tasks
8. Produce client portfolio valuations and statements and assist with trades and portfolio rebalancing if required
9. Close plans correctly on iO in a timely manner and ensure income expectations are entered on the system and settled if required
Assist other members of the Central Administration Team with the training and development of new client-facing administrators.
10. Provide hands-on back-office system training for new admin staff
11. Act as a 'buddy’ for new administrators, helping them settle into the business and be the first point of call for queries
12. Assist in the preparation and maintenance of training documentation for admin staff.
Intelligent Office project work
13. Data auditing and data-focused project work relating to improvement of data quality, acquisitions and new adviser hires, improvement of MI reporting, historical data cleansing and any work associated with improving the efficiency of iO as a back-office system
14. Note this is expected to comprise a significant element of overall workload.
Experience and Qualifications
The successful candidate will have
15. 2-3+ years’ experience within the independent sector of the financial services industry, in a relevant administration role
16. 2-3+ years’ experience using iO in an IFA administration role and a talent for working with systems and managing data effectively (candidates lacking the necessary O experience will not be considered for the role)
17. Sound technical knowledge covering pensions, investments, and protection and the underwriting process
18. Demonstrable experience of delivering client service at the highest level
19. Excellent written and verbal communication skills with high attention to detail
20. Excellent IT skills, being highly proficient in the use of Microsoft Office packages with at least intermediate Excel knowledge
21. Understanding of the needs of Financial Services teams and FCA rules and compliance
22. Relevant industry qualifications will be an advantage but are not essential.