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For Companies At a Glance
- Tasks: Join our Wealth Management team to manage new business processes and client communications.
- Company: A leading firm in Wealth Management, dedicated to client success and innovation.
- Benefits: Enjoy a hybrid work model with flexible hours and opportunities for professional growth.
- Why this job: Be part of a dynamic team making a real impact in clients' financial journeys.
- Qualifications: No specific experience required; just a passion for finance and strong communication skills.
- Other info: This role is perfect for high school and college students looking to kickstart their careers.
The predicted salary is between 28800 - 48000 £ per year.
Our client is seeking a New Business Administrator to join their Wealth Management team based in London. This role offers a hybrid working arrangement with 3 days in the office.
Main Duties and Responsibilities:
- Develop a thorough understanding of the new business process and assist in its development where necessary.
- Submit all forms of new business.
- Create New Business Events and update them on risk / NTU’d.
- Ensure cases are progressed to transfer completion and plans are flagged on risk.
- Update X-Plan with full plan details.
- Follow procedures to close off transferred / re-brokered plans.
- Add fund accounts and initial funds, including full account details such as risk profile, account type, mandate, etc.
- Download and save all contract notes to client records.
- Communicate with clients once new plans are in place, including sending policy documents where applicable.
- Send fortnightly updates to Advisers on case progress.
- Ensure all cases are signed off by the Compliance Department and all pre-submission tasks are completed.
- Liaise with clients to arrange medical appointments.
- Update and follow threads on X-Plan, ensuring all tasks are closed upon completion.
- Manage fund switches when new business is finalized.
- Perform any other reasonable tasks as assigned.
NEW BUSINESS ADMINISTRATOR (WEALTH MANAGEMENT) - LONDON employer: Artemis Recruitment Consultants Ltd
Contact Detail:
Artemis Recruitment Consultants Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land NEW BUSINESS ADMINISTRATOR (WEALTH MANAGEMENT) - LONDON
✨Tip Number 1
Familiarise yourself with the new business process in wealth management. Understanding the intricacies of this process will not only help you during interviews but also demonstrate your genuine interest in the role.
✨Tip Number 2
Network with professionals in the wealth management sector. Attend industry events or join relevant online forums to connect with people who can provide insights and potentially refer you to opportunities at StudySmarter.
✨Tip Number 3
Get comfortable with X-Plan software, as it’s a key tool for this role. Familiarity with its features will give you an edge and show that you're ready to hit the ground running.
✨Tip Number 4
Prepare to discuss compliance and risk management in your interview. Being able to articulate your understanding of these areas will highlight your readiness for the responsibilities of the New Business Administrator position.
We think you need these skills to ace NEW BUSINESS ADMINISTRATOR (WEALTH MANAGEMENT) - LONDON
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities of a New Business Administrator in Wealth Management. Tailor your application to highlight relevant experience and skills that align with the job description.
Highlight Relevant Experience: In your CV and cover letter, emphasise any previous experience in administration, particularly within financial services or wealth management. Use specific examples to demonstrate your ability to manage processes and communicate effectively with clients.
Showcase Your Skills: Make sure to showcase skills that are crucial for this role, such as attention to detail, organisational skills, and proficiency with software like X-Plan. Mention any relevant certifications or training that could set you apart from other candidates.
Craft a Compelling Cover Letter: Write a tailored cover letter that not only outlines your qualifications but also expresses your enthusiasm for the role and the company. Make it clear why you want to work in Wealth Management and how you can contribute to their team.
How to prepare for a job interview at Artemis Recruitment Consultants Ltd
✨Understand the New Business Process
Make sure you have a solid grasp of the new business process in wealth management. Familiarise yourself with the key steps involved and be ready to discuss how you can contribute to its development.
✨Showcase Your Communication Skills
As this role involves liaising with clients and advisers, demonstrate your strong communication skills during the interview. Be prepared to provide examples of how you've effectively communicated complex information in previous roles.
✨Highlight Your Attention to Detail
This position requires meticulous attention to detail, especially when updating records and ensuring compliance. Share specific instances where your attention to detail has positively impacted your work.
✨Familiarise Yourself with X-Plan
Since the role involves using X-Plan for managing client records and tasks, it would be beneficial to familiarise yourself with this software. If you have experience with similar tools, be sure to mention that as well.
