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- Tasks: Support financial advisers by conducting research and drafting suitability reports.
- Company: Join a dynamic financial services firm focused on delivering exceptional client experiences.
- Benefits: Enjoy flexible working options, professional development opportunities, and a collaborative team culture.
- Why this job: Be part of a vital role that enhances client relationships and ensures compliance in the financial sector.
- Qualifications: Must have at least two years of paraplanning experience and a Level 4 Diploma in Financial Planning.
- Other info: Ideal for detail-oriented individuals passionate about finance and client service.
The predicted salary is between 36000 - 60000 £ per year.
The role: As a Paraplanner you will play a pivotal role in supporting the businesses financial advisers by providing technical expertise, conducting in-depth research, and ensuring all advice and documentation meet regulatory and compliance standards. This role's main focus is to deliver a seamless client experience. You will work closely with advisers, administrators, and compliance teams to produce high-quality, accurate suitability reports and advice files. The ideal candidate will have a strong understanding of financial products and regulatory requirements and an eye for detail to ensure that advice is both compliant and client-focused.
Responsibilities:
- Draft comprehensive suitability reports tailored to individual client needs, ensuring the accuracy and clarity of recommendations, as well as prepare additional documentation, such as annual review reports, to assist advisers in maintaining ongoing client relationships.
- Update and maintain client records in line with FCA requirements and company procedures.
- Conduct in-depth product research to compare features, benefits, and suitability of financial products across pensions, investments, protection, and tax-efficient solutions.
- Analyse client portfolios to assess performance, risk levels, and alignment with financial objectives.
- Provide advisers with data-driven insights to support the advice process.
- Ensure all recommendations and reports meet FCA compliance standards, including accurate documentation of advisor-client conversations and client circumstances.
- Ensure that appropriate records are maintained of the advice process.
- Work closely with the compliance team to resolve any issues and ensure all documentation is reviewed and approved before submission.
- Assist with updating suitability report templates to ensure that these remain compliant and reflect the latest taxation legislation and regulatory requirements.
- Support advisors in identifying and mitigating potential compliance risks in complex cases.
Skills:
- At least two years of experience in a paraplanning role or within a financial services environment.
- Level 4 Diploma in Financial Planning.
- Strong understanding of financial products across pensions, investments, protection, and taxation.
- Proficiency in financial planning research tools such as SelectaPension, Defaqto, and CashCalc.
- Proficient in Microsoft Office skills (Excel, Word, PowerPoint).
- Familiarity with FCA regulations and compliance requirements.
- Exceptional attention to detail with the ability to analyse data and provide clear, concise recommendations.
- Excellent written and verbal communication skills to explain technical details effectively.
- Familiarity with tax planning, trusts, and estate planning.
- Experience using back-office systems like True Potential, Intelligent Office, or similar.
Paraplanner employer: NXT Recruitment LTD
Contact Detail:
NXT Recruitment LTD Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Paraplanner
✨Tip Number 1
Familiarise yourself with the latest FCA regulations and compliance requirements. This knowledge will not only help you in interviews but also demonstrate your commitment to maintaining high standards in your work.
✨Tip Number 2
Network with professionals in the financial services industry, especially those who are already working as paraplanners. They can provide valuable insights into the role and may even refer you to job openings.
✨Tip Number 3
Gain proficiency in financial planning research tools like SelectaPension and Defaqto. Being able to demonstrate your skills with these tools during discussions can set you apart from other candidates.
✨Tip Number 4
Prepare to discuss specific examples of how you've ensured compliance and accuracy in previous roles. Real-life scenarios can showcase your attention to detail and problem-solving abilities, which are crucial for a paraplanner.
We think you need these skills to ace Paraplanner
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in paraplanning or financial services. Emphasise your understanding of financial products and regulatory requirements, as well as any specific tools you've used like SelectaPension or Defaqto.
Craft a Compelling Cover Letter: In your cover letter, explain why you're passionate about the role of a Paraplanner. Mention your attention to detail and how you ensure compliance with FCA regulations. Use specific examples from your past experience to demonstrate your skills.
Showcase Your Technical Skills: Highlight your proficiency in Microsoft Office and any financial planning research tools. If you have experience with back-office systems, make sure to mention this as it is relevant to the role.
Proofread Your Application: Before submitting, carefully proofread your application for any spelling or grammatical errors. A polished application reflects your attention to detail, which is crucial for a Paraplanner.
How to prepare for a job interview at NXT Recruitment LTD
✨Showcase Your Technical Expertise
As a Paraplanner, it's crucial to demonstrate your understanding of financial products and regulatory requirements. Be prepared to discuss specific examples from your experience where you provided technical expertise or conducted in-depth research that led to successful outcomes.
✨Highlight Attention to Detail
Given the importance of accuracy in drafting suitability reports and ensuring compliance, share instances where your attention to detail made a significant difference. Discuss how you ensure all documentation meets regulatory standards and how you maintain client records meticulously.
✨Prepare for Compliance Questions
Expect questions related to FCA regulations and compliance requirements. Brush up on the latest regulations and be ready to explain how you've navigated compliance challenges in previous roles, particularly in complex cases.
✨Demonstrate Communication Skills
Excellent written and verbal communication skills are essential for this role. Prepare to explain technical details clearly and concisely. You might be asked to present a mock suitability report, so practice articulating your recommendations effectively.
