At a Glance
- Tasks: Lead a dynamic Paraplanning team to create tailored financial strategies for clients.
- Company: Join a historic savings and investments firm with a commitment to innovation.
- Benefits: Enjoy 38 days annual leave, competitive pension scheme, and flexible working options.
- Other info: Inclusive culture that values diversity and supports personal and professional growth.
- Why this job: Make a real impact in financial planning while developing your career in a supportive environment.
- Qualifications: Must have relevant financial qualifications and experience in Paraplanning or Advice.
The predicted salary is between 50000 - 65000 £ per year.
Our purpose is to give everyone real confidence to put their money to work. With a heritage dating back more than 175 years, we have a long history of innovation in savings and investments, combining asset management and insurance expertise to offer a wide range of solutions. Our two distinct operating segments, Asset Management and Life, work together to provide access to balanced, long‑term investment and savings solutions. Through telling it like it is, owning it now, and moving it forward together with care and integrity; we are creating an exceptional place to work for exceptional talent. We will consider flexible working arrangements for any of our roles and also offer workplace accommodations to ensure you have what you need to effectively deliver in your role.
Our Paraplanning team takes responsibility for preparing detailed financial planning strategies in line with our clients’ individual objectives. The highest compliance standards are critical and being able to provide context to clients in relation to their advice journey is essential. Our valued support frees up the Financial Planner’s time to focus attention on client‑facing duties. We are a key team within the Sandringham / M&G Advice business, who help support 150+ advising partners within the growing network. Reporting to the Head of Advisory Operations, this role is responsible for leading the Paraplanning unit to deliver individual and team objectives across productivity and quality. This requires a commercial mindset to lead unit goals as well as taking responsibility for processes and procedures with a control environment.
As paraplanning manager, you will develop paraplanners within the team, supporting their objectives in performance and career progression. In addition to leadership responsibilities, as an experienced Paraplanner, you will be able to analyse client’s needs and objectives, developing often complex financial planning strategies as agreed with the Financial Adviser. You will be responsible for compiling the research and suitability for more technical cases areas across investments and pensions, drafting a client‑centric financial planning report to summarise the advice. The role would be a great opportunity for those looking to progress their career within a Paraplanning function.
Key Responsibilities
- Facilitate onboarding and capability development for new and existing paraplanners
- Conduct quality assurance reviews of paraplanning cases, providing feedback and monitoring of quality outcomes
- Manage clear accountabilities and stretching work objectives across the team, recognising successes and following processes to manage performance
- Act as a subject matter expert (SME) for product and process knowledge, supporting colleagues in resolving complex queries
- Conduct quality analysis and research to arrive at the most suitable outcome for the client, enabling effective judgements on the suitability of client outcomes and supporting documentary evidence, in line with regulatory and internal standards
- Undertake whole of market research on new and existing clients using FE Analytics, Cashflow modelling and our in‑house research tools
- Engage with stakeholders across the business to deliver a great experience for our teams, our Partners and our Clients, managing conflict and using influencing skills where required
- Strong people management for the paraplanning team, with accountability for influencing performance and delivering structured development to improve team and individual capability
- Keep up to date with the latest industry knowledge in order to support advisers and communicate this effectively with the team
- Focus on continual improvement of the service to our customers
Key Knowledge, Skills & Experience
- Relevant professional qualification (CII Diploma in Regulated Financial Planning or suitable alternative at Level 4 or above) is essential for the role
- Previous Paraplanning or Advice experience essential
- Detailed knowledge of assessing suitability of complex advice outcomes
- Detailed knowledge of Pension and Investment products is essential to the role
- Working knowledge of Risk, Compliance and Advice in UK financial services
- Strong communication skills with the ability to communicate with all levels
- Excellent interpersonal skills to form effective working relationships
- Flexibility and adaptability in a changing environment
- Excellent organisation and prioritisation skills to be able to work to multiple competing deadlines
- A good knowledge of private wealth products
What we offer
As a savings and investments firm we are proud to offer a valuable pension scheme of 18%, with 13% made up of Employer Contributions and 5% Employee Contributions. We also offer Share Save and our Share Incentive Plan, together with access to financial wellbeing and support services - to help give you real confidence to put your money to work. Enjoy 38 days annual leave including bank holidays, with the opportunity to purchase up to 5 extra days and additional flexibility through our Time Off When You Need It policy – to balance your work and personal commitments. Our market leading Inspiring Families policy includes comprehensive support and paid parental leave covering maternity, adoption, surrogacy, and paternity leave - as supporting families is a core aspect of our inclusive culture. Health & Protection cover including Private Healthcare, Critical Illness cover and Life Assurance for you, with family options – for peace of mind.
We have a diverse workforce and an inclusive culture at M&G, underpinned by our policies and our employee‑led networks who provide networking opportunities, advice and support for the diverse communities our colleagues represent. Regardless of gender, ethnicity, age, sexual orientation, nationality, disability or long term condition, we are looking to attract, promote and retain exceptional people. We also welcome those who take part in military service and those returning from career breaks. We also welcome applications from candidates with long‑term health conditions, disabilities, or neuro‑divergent conditions. If you need assistance or an alternative means of applying for a role due to a disability or additional need, please let us know by contacting us at: careers@mandg.com
Paraplanning Manager employer: M&G
At M&G, we pride ourselves on being an exceptional employer, offering a supportive and inclusive work culture that prioritises employee growth and well-being. With flexible working arrangements, a generous pension scheme, and comprehensive health benefits, we empower our Paraplanning Managers to thrive in their roles while fostering a collaborative environment that values innovation and integrity. Join us in Huddersfield, Stirling, or Edinburgh, where you can make a meaningful impact in the financial services sector while enjoying a healthy work-life balance.
StudySmarter Expert Advice🤫
We think this is how you could land Paraplanning Manager
✨Tip Number 1
Network like a pro! Reach out to your connections in the financial services industry, especially those who know about paraplanning. A friendly chat can lead to insider info on job openings or even a referral.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of complex financial products and compliance standards. We want you to showcase your expertise and how you can lead a paraplanning team effectively.
✨Tip Number 3
Don’t just apply anywhere; focus on companies that align with your values. Check out our website for roles that resonate with your career goals and where you can make a real impact.
✨Tip Number 4
Follow up after interviews! A quick thank-you email can keep you top of mind and show your enthusiasm for the role. Plus, it’s a great chance to reiterate why you’re the perfect fit for the paraplanning manager position.
We think you need these skills to ace Paraplanning Manager
Some tips for your application 🫡
Tailor Your Application:Make sure to customise your CV and cover letter for the Paraplanning Manager role. Highlight your relevant experience in financial planning and compliance, and show us how you can contribute to our team’s success.
Showcase Your Skills:We want to see your strong communication and interpersonal skills shine through. Use specific examples from your past roles to demonstrate how you've effectively managed teams or resolved complex queries.
Be Clear and Concise:When writing your application, keep it clear and to the point. We appreciate well-structured documents that make it easy for us to see your qualifications and fit for the role without sifting through unnecessary fluff.
Apply Through Our Website:Don’t forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it gives you a chance to explore more about our company culture and values.
How to prepare for a job interview at M&G
✨Know Your Stuff
Make sure you brush up on your knowledge of complex financial planning strategies, pensions, and investment products. Being able to discuss these topics confidently will show that you're not just familiar with the basics but can also handle the intricacies of the role.
✨Showcase Your Leadership Skills
As a Paraplanning Manager, you'll be leading a team. Prepare examples of how you've successfully managed teams in the past, focusing on how you've developed others and improved performance. This will demonstrate your capability to lead and inspire.
✨Prepare for Scenario Questions
Expect questions that ask how you'd handle specific situations, especially around compliance and client interactions. Think through potential scenarios and how you would approach them, highlighting your problem-solving skills and ability to maintain high standards.
✨Engage with the Company Culture
Familiarise yourself with the company's values and culture. Be ready to discuss how your personal values align with theirs, particularly around integrity and teamwork. Showing that you fit into their culture can set you apart from other candidates.
