The ParaPlanner is a key point of contact between the Financial Advisor and its clients: answering queries, offering advice, and introducing new products. Performing a wide range of administrative and support activities which require methodical and meticulous thinking in order to generate and monitor risk-benefit plans, estate plans, retirement, and investment plans, following the 6 steps of Financial Planning to ensure the successful preparation of client files for client appointments, working hand-in-hand with the Financial Advisor.
Minimum Education / Experience / Knowledge required:
- Grade 12 (Matric) qualification –
- Full Tertiary Qualification acknowledged by the FSCA is essential (i.e. BCom) –
- Post Graduate in Financial Planning will be advantageous –
- Certified Financial Planner Status (& Membership through FPI) will be advantageous –
- RE5 examination is non-negotiable –
- Be fully bilingual (English & Afrikaans) –
- Driver’s License and Own Reliable Vehicle Essential –
- Computer skills and knowledge (especially of Word, Excel, Outlook, Internet, and XPlan)
Life Assurance products – Know the different types of insurance products, limits, and restrictions. –
Tax implications and benefits – How tax will be applied in the event of retirements/death/disability; fringe benefits and when benefits will be tax-deductible. – Investments – Know and understand how to read market movements/fluctuations; income revisions and portfolio rebalance / switches). – Commission structures – Different commission applies to different products therefore it is vital that the correct commission is applied. Know the difference between the maximum and minimum on each product.
Main duties and responsibilities:
– Preparation of all Compliance related documentation
– Collect and collate all Client information/data from various solution providers and collect and collate any further information that may be required by the Financial Advisor
– Request various quotations and cost estimates and comparative tables where required
– Provide a research function for the financial advisors and assist in collecting relevant data
– Prepare Financial Needs Analysis where required
– Organizing sales visits
– After confirmation by financial advisors and client prepare final documentation Recommendations / Record of Advice for both risk-benefit and investment solutions. Maintaining accurate records. Effective communication of the Record of Advice to the client after approval
– Submit new business instructions to the Life Department New Business Processor
– Generation of reports, proposals, recommendations for onward delivery by the financial advisors
– Preparation of reports and monitoring of investments to the financial planners who will interact with the clients
– Ensuring regular and timeous client reviews and feedback on relevant matters
Desired Skills:
- financial planning
- finance plan
- xplan
- life assurance
- investments
- retirement plan
- death
- tax
- disability
Desired Work Experience:
- 2 to 5 years Other Financial Advisory
Desired Qualification Level:
- Degree
Employer & Job Benefits:
- No Benefits