Job Description

Our client is seeking a Paraplanner is to provide essential technical and administrative support to financial advisers, helping to create accurate, compliant, and effective financial plans for clients. They will handle much of the behind-the-scenes work, allowing advisers to focus on client relationships and strategic advice.
Key Responsibilities
Research and Analysis

• Conduct in-depth research on financial products (e.g., pensions, investments, insurance) to determine the most suitable options for a client's financial goals.
• Analyse market trends, fund performance, and investment strategies to support the adviser's recommendations.
• Perform cash flow analysis, tax planning, retirement projections, and risk assessments to provide data for financial planning.
• Use financial planning tools to create and update financial forecasts, plan structures, and manage client data.
• Accurately input client data into financial planning systems, ensuring that information is up to date and aligned with the adviser's recommendations.
• Work with advisers to update plans based on new client information or changes in market conditions.

Suitability Reports

• Draft detailed suitability reports that explain why specific financial products or strategies are recommended to clients, ensuring they align with the client's objectives, needs, and risk profile.
• Ensure that all reports and advice adhere to regulatory standards, documenting the rationale for each recommendation.
• Prepare financial plans that may include retirement planning, investment strategies, tax-efficient structures, estate planning, and protection strategies, all tailored to the client's needs.
• Use financial planning software to model various scenarios, helping the adviser to explain the potential outcomes of different strategies to clients

Mentorship and Development

• Provide guidance and mentorship where applicable to team members and colleagues, sharing expertise to enhance team performance and knowledge
• Act as a resource for technical queries, where applicable helping the understanding of compliance and regulatory requirements.

Suitability Report Checking

• Where applicable and as required, review reports prepared by the team and ensure the accuracy, quality, compliance of suitability reports.
• Conduct assessments to confirm that reports align with clients' objectives, regulatory standards, and internal policies.
• As required, provide constructive feedback to team members to maintain high standards and improve reporting processes.

Regulatory Compliance and Risk Management

• Ensure that all financial advice, documents, and reports comply with relevant regulations, and anti-money laundering requirements.
• Maintain accurate records of client files and ensure they are audit-ready, meeting both internal and external regulatory standards.
• Identify potential compliance risks and ensure that financial recommendations are within regulatory limits.

Advisers and Client Support

• Collaborate with financial advisers to provide technical support, answer queries, and ensure all recommendations are thoroughly researched and justified.
• Occasionally communicate with clients to clarify financial details or follow up on outstanding information.
• Assist client services support where information is missing or assist with their understanding of requirements.
• Where necessary co-ordinate with providers to gather required documents or information.
• Assist in completing and submitting application forms for complex cases where required.

Continuous Learning and Development

• Stay updated on changes in financial regulations, products, tax laws, and industry best practices to provide up-to-date and relevant support to advisers.
• Pursue ongoing education and qualifications to improve technical expertise and compliance knowledge.

Key Competencies & Characteristics

• Strong financial and regulatory knowledge as well as good Industry awareness
• Technical paraplanning experience
• Good Knowledge of financial planning software
• Good organisational skills
• Strong analytical skills
• Client-centric approach
• Good communication skills
• Excellent written communication
• Attention to Detail
• Multi-tasking and ability to prioritise
• Adaptability
• An ability to contribute to a positive working culture within the physical office and remote working environment

Experience

• Experience in assisting financial advisers preparing cash flow models, and drafting personalised financial plans based on client needs.
• Hands-on experience researching and comparing financial products, analysing investment options, and understanding tax implications to support adviser recommendations.
• Client Interaction experience
• Knowledge of Regulatory Requirements
• Extensive use of financial planning software

Qualifications

• Level 4 or equivalent - working towards level 6

Technical Knowledge

• To succeed in this role, you will have good technical knowledge and a deep understanding of financial products and compliance regulations.

If you are interested in this position, please email your CV to

Skills Required