From £16,000 to £24,000 per year
- Job term
- Job hours
A Company affiliated to a leading UK Financial Services organisation is seeking to appoint an experienced Paraplanner to strengthen its existing team.
Depending upon skills and experience, there is potential for the role to be split into 2, i.e. PA and Paraplanner, with a salary in the region of £16-£24k for a full-time equivalent position.
Job Specification (Paraplanner)
The role of Paraplanner primarily involves providing vital support to the Financial Planner, including researching products and different types of funds, preparing letters, reports and technical papers. The successful applicant(s) will also be expected to act as the technical interface between the Financial Planner and the clients.
You will be required to work both independently and as part of a team. You would be responsible for providing a professional and holistic financial service not only to the Financial Planner, but also to the clients and would be expected to prepare advice for reports across the whole financial services spectrum including Pensions, VCTs, EIS’s, Film Partnerships, Life Assurance, Offshore Tax and Investment Portfolios.
Paraplanner Functions May include:
As a Paraplanner you may be expected to carry out research and create financial and investment reports for the Financial Planner to give to the client. Most of the work is office-based and the work can be highly pressurised. As a Paraplanner it is your job to provide the backup to enable the Financial Planner to concentrate on fact-finding, client reviews and relationship management.
You may also be expected to handle day-to-day details like call answering, talking to clients, attending product update meetings as well as gathering together information and quotes for clients, along with any other background information or research to enable comprehensive solutions for clients. You would not however, allowed to give financial advice to clients without the proper qualifications and accreditation.
All information passed to the Financial Planner must meet FCA guidelines; as these are amended from time to time, it would be your responsibility to keep abreast of these changes and other developments in the company and the wider financial services arena. As a Paraplanner you could also work with Accounting Technicians, Finance Clerks, Administrative Assistants, Insurance Brokers, Insurance Technicians and Pensions’ Administrators.
Additional typical work activities may include, but are not limited to:
• contacting clients and setting up meetings, either within an office environment or in clients' homes or business premises;
• conducting in-depth reviews of clients’ financial circumstances, current provision and future aims;
• analysing information and preparing plans best suited to individual clients' requirements;
• designing financial strategies;
• providing clients with information on new and existing products and services;
• assisting clients to make informed decisions;
• talking to businesses and individuals about financial solutions;
• researching information from various sources, including providers of financial products;
• promoting and arranging financial products to meet given or negotiated targets;
• negotiating with product suppliers for the best possible rates;
• liaising with head office and financial services providers;
• liaising with other professionals, such as accountants, solicitors and other professionals;
• keeping up to date with financial products and legislation;
• maintaining detailed records to comply with the regulations of the Financial Conduct Authority (FCA);
• producing financial reports;
• contacting clients with news of new financial products or changes to legislation that may affect their savings and investments;
• preparing and sending out annual summaries of investments and pensions and cost details to clients;
• Where necessary, general admin duties to assist with the good running of the office;
• Good time management and the ability to prioritise and handle a heavy work load.