Senior Paraplanner Level 4 - 6

  • Job Reference: 00000005-1
  • Date Posted: 30 July 2018
  • Location: Wimbledon, London
  • Salary: £45,000
  • Sector: Business Analysis
  • Job Type: Permanent

Job Description

Main Areas of Responsibility 
• Report to Practice Manager
• To support Financial Planners in the provision of high-quality technical advice and financial strategy to clients 
• To ensure the smooth delivery of excellent client services as per the business process 
• To efficiently manage and organise technical tasks and workflows
• Preparation of draft financial plans for prospective and existing clients, and draft recommendations to meet client needs
• Preparation of documentation for client meetings as per the business process 
• Servicing of existing clients as per the business process
• Supporting other team members in specialist knowledge areas
• Ensuring business and compliance processes are followed to required timescales
• Keeping up-to-date with current developments in financial services, technical expertise, compliance, financial markets and economic trends
• Drafting of advice within a strict ethical and compliance framework, ensuring that all operations are carried out in accordance with the regulator
• Liaising with all team members for suitability reports to be issued to clients in a timely and efficient manner in line with all ‘Compliance Updates’ and the firm’s operational protocols
• Organisation of the Investment Committee meetings, preparation and collation of relevant documentation and research 
• Communication with clients (phone calls, meetings etc) 

Specific Duties 
Preparation and maintenance of client files: 
• Check all compliance paperwork is present at the earliest opportunity 
• Confirm risk assessment is completed and up-to-date
• Discuss client objectives with Financial Planners
• Identify and obtain information necessary to compile client recommendation/financial cashflow forecasts
• Compile draft net worth statements; income and expenditure statements and financial cashflow forecast and discuss with planner 

Preparation of recommendations: 
• Identify areas for planning 
• Undertake research both independent and with the Financial Planner to identify suitable solutions to meet the client’s needs
• Prepare information/comparisons for analysis 
• Liaise with client’s legal and tax advisers (where applicable)
• Consider current and future allocation of assets for investment strategy with regard to client risk profile 
• Prepare cashflow forecasts as per client’s goals and objectives
• Prepare draft recommendations to be discussed/signed off by Financial Planner
• Prepare carry forward, lifetime allowance, capital gains tax and other technical calculations
• Liaising with product providers and other relevant third parties (and client when necessary)
• Assist with client implementation meetings if required 


Core Duties:
• Working closely with Partners and Financial Planners
• Able to request and obtain all necessary information and undertake financial analysis to enable financial reports to be produced in a timely manner
• Prepare information/comparisons for analysis
• Obtain application forms and other associated paperwork 
• Pre-populate application forms accurately
• Ensure data is accurately recorded on the CRM and Sharepoint folders
• Ongoing servicing of clients as and when required
• Process and monitoring complex business, both new and existing from start to finish
• Invoice preparation 
• Process letters of authority, including chasing vital information for various suitability report types 
• Liaise with clients and Financial Planners
• Navigate provider websites to produce illustrations and process new business
• Receive and implement ad-hoc requests from both clients and Financial Planners
• Operate and adhere to compliance and the firm’s standards
• Undertake appropriate professional development and training 
• Report on key measures on a regular basis 
• Process fund buys and sales 
• Process withdrawals
• Rebalancing and switching funds and fund models 
• Completion and reconciliation of the ‘New Business Register’ 
• Preparing suitability reports, engagement letters, ad-hoc letters etc
• Undertake projects to improve the client experience 
• Undertake projects to improve suitability reports and and the firm’s cashflow 

Required Qualifications, Skills and Experience
• Certified or Chartered Financial Planning qualification (or near to)
• Level 4 Qualifications 
• Level 6 Qualifications (desirable)
• Pension transfer specialist
• BSc in Economics, Mathematics, Physics, Business or a related discipline 
• High level of technical knowledge 
• Excellent understanding of the Financial Planning process
• Excellent cashflow planning/modelling abilities 
• Excellent numeracy skills
• Excellent ability to multi-task and prioritise effectively
• Excellent attention to detail and accuracy 
• Excellent communication skills (both written and verbal)
• Excellent report writing skills 
• Ability to assimilate technical information into an understandable format for clients
• Good IT skills/ proficient with Microsoft
• Knowledge of Voyant (desirable) 
• Proven broad knowledge of financial services industry 
• Proven ability to work within a defined business process 
• Ability to work both independently and as part of a team 

Key Competences 
• To provide high quality technical, administrative and analytical support to GEM’s successful Financial Planners 
• Attention to detail
• Highly organised, methodical, disciplined and meticulous 
• Catch on quickly, take notes and be able to recall information and processes without being prompted
• Understanding of the firm’s advice process
• Work within defined business processes to achieve the agreed outcome without supervision 
• Ability to multitask and to prioritise and plan own workload without supervision 
• A proactive ‘can do’ approach to dealing with issues 
• Competent with providers and fund managers 
• Working within a strong team environment 
• Familiar and competent with IFA CRMs, preferably Intelligent Office (IO)
• Software: Selecta Pension, Morning Star, Defaqto, Act, Voyant, Assureweb, Word, Excel, Outlook
• Experience in the IFA industry 

Nova Search & Selection are acting as an employment agency for this vacancy