A Paraplanner is regarded to be a technical and motivated individual providing research and report writing.
The Paraplanner will work as an integral part of the support team providing the advisers and their clients with a professional and efficient service. This includes maintaining client records, occasional data gathering, application form preparation and submission.
The role will involve promoting the company’s services in a professional and FCA compliant manner.
The benefits
- Salary - £41,000
- Bonus scheme - on target bonus - 7.5%
- Pension scheme - contribute up to 5% of your salary and Openwork will match you and put in an extra 5%
- Critical illness cover
- Income protection - 1x salary
- Death in service - 4x salary
- 27 days holiday + bank holidays, with the opportunity to buy up to an additional 10 days
- A range of other flexible benefits to include private medical insurance, dental insurance and much more.
Key accountabilities
The role of the Paraplanner can be broken down into key parts:
Understanding our clients’ financial situation objectives
- Providing research, analysis & technical support
- Preparing recommendation reports
- Maintaining client records
- Analyse clients’ circumstances, objectives & risk profile
- Identify missing client information pertinent to formulating recommendations
- Liaise with financial advisers to query/challenge proposed recommendations where necessary
Providing research analysis technical support
- Provide research on all relevant advice areas, products, and investment solutions
- Prepare information / comparisons, ready for analysis by the adviser
- Use of company-approved research systems to assist analysis
- Cashflow modelling analysis
Preparing recommendation reports
- Produce client suitability reports confirming new recommendations in accordance with the Company’s internal standards and compliance procedures
- Obtain accurate illustrations, key features, and other relevant paperwork for advisers’ presentation meetings with clients
- Assist in the completion of remedial actions following quality checking
Maintaining client records
- Maintain accurate and up-to-date client and plan records on back-office system
- Ensure all relevant documentation and correspondence is uploaded to the correct client
- records on the back-office system and named in accordance with Company procedures.
- Create, manage, and complete tasks on the back-office system in accordance with Company procedures
- Completion of other reasonable duties, as defined by the Senior Management Team.
