Paraplanner - Stellenbosch at PSG Konsult Ltd

Job description:

• We require a Paraplanner to provide an efficient administrative support function to a Wealth Adviser in Stellenbosch. In this role you will assist to the paraplanning as well as administrative requirements of an established practice with the aim of allowing the advisor to spend more time to grow the practice. Setting the advisor free from admin duties to service existing clients and hunt for new business.
• Under the supervision of the advisor, you will assist in the administrative requirement of reviews, new business processes, claims and any other aspects relating to financial planning.
• You will be required to make use of the in-house financial planning and compliance tools to conduct a full scope financial needs analyses and produce the required record of advice and compliance reports alongside relevant quotes, applications, review and any other required input necessary to finalise the full scope of financial planning.
• You will be required to project manage the process to completion including record keeping on an inhouse CRM tool.

Responsibilities

• Financial Planning support
• Formulate effective financial planning documents and/or risk management documents, in-line with the strategy as outlined by the adviser, and the customer’s needs, objectives, and risk tolerance. All documents must meet compliance requirements and comply with the company standard documents, policies and procedures.
• Prepare record of advice documentation as required.
• Prepare review documentation and initiate processes relating to client portfolios in conjunction with changes in customer circumstances and investment strategies as advised by the financial advisor and legislative environment. Ensure reports are accurate and that all the relevant changes are implemented and reconciled against required objectives and outcomes determined during the review. Ensure customer is kept well informed and that all the actions are documented for recordkeeping on the in-house CRM system.
• Implement switch and rebalance transactions in line with changes to a clients’ investment strategy. product offerings available, and changes in product provider rates. Ensure customer is kept well informed and that all necessary actions are recommended and where necessary undertaken.
• Ensure documentation is prepare in an accurate and complete manner in line with legislative requirements in accordance to the needs of the practice’s service model.
• Prepare quotes and application forms for both risk benefits and investments.
• Project Manage the advice cycle to for a strong back -office base for the adviser to enable him/her to maximise time in the field.
• A client centric approach is important and should translate into sound client relationship management.
• Team management and adaptability in changing circumstances.
• Administration
• Sound knowledge of financial planning tools and cashflow analyses.
• Gather Policy and demographic information such as FICA documentation.
• Compile a summary of information
• Research product information on an ongoing basis.
• Handling and solving of client enquiries
• Handling of new application and quotations
• Diary management of the advisor.
• Schedule and prepare reviews on a service level agreement.
• Maintaining CRM systems

Minimum Requirements:

• BCom (Finance / Business Finance / Investments / Financial Planning / Financial Sciences or Investment Management or BCom (Economics)
• Progress with CFP and/or Postgraduate Diploma in Financial Planning (Advantageous)
• 2 - 3 years paraplanning experience within the financial industry
• Valid driver’s license and own vehicle
• Computer literacy (MS Office)