Type of Position: New Business Administrator (Wealth Management) - London
New Business Administrator (Wealth Management) - London
Our client is seeking a New Business Administrator to join their Wealth Management team based in London. This role offers a hybrid working arrangement with 3 days in the office.
Main Duties and Responsibilities:
1. Develop a thorough understanding of the new business process and assist in its development where necessary.
2. Submit all forms of new business.
3. Create New Business Events and update them on risk / NTU’d.
4. Ensure cases are progressed to transfer completion and plans are flagged on risk.
5. Update X-Plan with full plan details.
6. Follow procedures to close off transferred / re-brokered plans.
7. Add fund accounts and initial funds, including full account details such as risk profile, account type, mandate, etc.
8. Download and save all contract notes to client records.
9. Communicate with clients once new plans are in place, including sending policy documents where applicable.
10. Send fortnightly updates to Advisers on case progress.
11. Ensure all cases are signed off by the Compliance Department and all pre-submission tasks are completed.
12. Liaise with clients to arrange medical appointments.
13. Update and follow threads on X-Plan, ensuring all tasks are closed upon completion.
14. Manage fund switches when new business is finalized.
15. Perform any other reasonable tasks as assigned.
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