Requisition ID 641 - Posted - Paraplanning - North East - Tyne and Wear - Full time - On-site - Entry level
A Paraplanner is an individual who works with a Financial Adviser to do a number of their non-client facing tasks involved in preparing and administering a Financial Plan or Report for a client.
A Paraplanner completes the research and analysis of financial products for our clients, documenting the output in a report to ensure the client is getting the best advice and the adviser is getting the best support to help them advise the client.
Great Paraplanners will be meticulous and analytical, enjoy research and process-driven work and can source, analyse and summarise a great deal of information.
Given the nature of the role, you should be the type of person who revels in the detail and is an enthusiastic problem-solver.
Responsibilities
1. Review client information to build up an overall understanding of the client's personal and financial circumstances.
2. Critically evaluate the Know Your Client information on file to identify any potential gaps or issues that could impact the financial planning process and suitability of advice.
3. Work collaboratively with advisers and other internal stakeholders to achieve good client outcomes and efficient working practices.
4. Analyse the client's existing financial arrangements and assess their ongoing suitability to meet their goals and risk profile.
5. Research appropriate solutions from the market effectively using qualitative and quantitative methods, in-house and third-party software solutions where appropriate.
6. Use in-house and external financial planning tools such as cash flow modelling and cost comparisons tools effectively, with a clear understanding of their purpose, scope, and limitations.
7. Obtain quotations for plans and policies using accurate information.
8. Prepare personalised client-facing written communications such as suitability reports, letters, and annual review reports clearly and professionally.
9. Ensure the client file is complete and correct, with a clear audit trail to support the advice process.
10. Develop strong working knowledge of the financial services industry, regulations, products, and solutions.
11. Comply with all internal and regulatory procedures, processes, and best practices.
12. Provide support to team members and trainees to encourage development of knowledge, skills, and behaviours through peer review.
13. Maintain ongoing competence and continual professional development, using feedback to reflect on own practice.
14. Prioritise workload to meet business needs.
15. Maintain high standards for quality.
16. Act professionally and in line with our core values.
The ideal person
1. Have an understanding of the Financial Planning process.
2. Able to work within defined business processes.
3. Able to achieve agreed outcomes without supervision.
4. Prioritise and plan own workload.
5. Have attention to detail and accuracy.
6. Be able to communicate effectively with colleagues and clients.
7. Excellent interpersonal skills, both written and verbal.
8. Ability to multitask and prioritise effectively.
9. Good IT skills being fully competent with MS Office suite of products.
10. Experience of maintaining good working relationships in the delivery of financial advice services or similar environments.
11. Ability to assess information, make comparisons, and identify critical features.
12. Ability to acquire, update, and apply new skills and knowledge.
13. Set own goals and want to deliver agreed targets.
14. Proficient knowledge of Pensions and retirement planning, Investments, tax planning, and regulation within the financial services industry.
15. Strong interpersonal skills, in dealing with both clients and colleagues, with the aptitude to quickly build rapport.
16. Ability to work on own initiative with strong organisational skills to plan and manage own workload and prioritise tasks as appropriate.
17. Ability to engage in independent study to achieve industry-recognised qualifications, CII DipPFS.
Qualifications
1. Working towards or achieved Diploma in Regulated Financial Planning (Level 4) desirable.
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