Job Title: Paraplanner - Senior IFA Administrator
Company: CV-Library
Location:
Contract: Permanent
Hours: Full Time
Job Description:
Ideally qualified to Level 4 Diploma in Financial Planning or near completion of the Diploma.
Essential skills required:
1. The ability to produce comprehensive, accurate, and clear Suitability Reports, to write reports on various topics including Pensions, Investments, Inheritance tax, and Protection.
2. Knowledge of completing & demonstrating cash flow modelling plans ahead of client meetings.
3. Assist in the preparation of tax calculations where necessary from CGT calculations to top slicing calculations as required.
4. Undertake research to identify suitable solutions to meet the client’s needs, which involves obtaining information, quotes, illustrations, and product details for analysis.
5. Discuss client objectives with Advisers and identify any shortfalls in client information, taking responsibility to discuss outstanding requirements with appropriate personnel.
6. Carry out regular reviews of clients’ financial plans, circumstances, and objectives.
7. Deal with complex and technical client queries as they arise.
8. Interpret new technical information, legislative and regulatory changes from various in-house and external sources, ensuring the team remains compliant with FCA and internal compliance procedures.
9. Experience liaising with third-party providers to acquire additional information required to assess clients’ needs and assist with recommendations.
10. Experience of back office administration related to the paraplanning role, such as updating a client’s CFR (confidential Financial Review), ensuring client files are audited, and meeting all regulatory and company requirements at the end of a case.
11. Undertake continuous professional development to meet regulatory requirements, both internally and externally.
12. 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.
Minimum Requirements:
1. Hold Level 4 diploma.
2. Knowledge of research tools & software (e.g., Trustnet, Analytics, Voyant).
3. Comprehensive understanding of Income Tax, CGT, IHT, Trusts, and both DC and DB pension transfers.
4. Working knowledge of CYC calculations.
5. Knowledge in areas such as protection, IHT, and Tax Efficient Investments.
6. Understanding of industry initiatives including RDR & Consumer duty.
7. Desire to maintain knowledge of industry developments.
8. Ability to prioritise workload and liaise with advisers to ensure adequate information is available to progress all cases.
9. Ability to use Client and Case Management Systems in a process-driven compliant way. Learning and using our CRM is a key part of the role.
10. Ability to use the Electronic Business Submission system.
11. Ability to follow company and business processes.
Person Specification:
1. Excellent grammar, spelling, and punctuation skills.
2. A high standard of personal organisational skills.
3. Experience of working to targeted service standards and procedures.
4. A good working knowledge of regulatory requirements.
5. Evidence of continual learning and development of skills and knowledge.
6. An adaptable and flexible approach to work within a changing environment.
7. Experience of working unsupervised with a high level of self-motivation.
8. Good IT skills covering MS Office, MS Outlook, MS Excel, and back office systems.
9. CII Diploma in Financial Planning or Regulated Financial Planning.
10. Knowledge of using CRM systems such as Salesforce.
Training & Continuous Development:
Full training of company-specific software and company compliance requirements will be provided.
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