Wealth / Financial Administrator

A financial planning group requires a Wealth / Financial Administrator to assist Wealth Managers and Financial Advisors with clients’ Financial Planning, Investment and Retirement Proposals. The role requires the employee to gather client information, financial planning analysis, prepare client reports and assist in managing the client review process.

DUTIES WILL INCLUDE, BUT ARE NOT LIMITED TO:
• Provide support to wealth managers and wealth advisors
• Assisting with Financial Needs Analysis on various products / funds to determine risk calculations of shortfalls and provide solutions
• Compliance: – Adhere to Industry Legislation (FICA and FAIS Regulations)
• Ensuring client files and transactions are in line with Compliance Regulations
• Investment & Life Insurance Product Quotes & Fee Comparison
• Retirement Planning & Identifying Shortfall in Retirement
• Prepare Review Documents for Advisors
• Assist with client technical enquiries.
• Draft of Trust Resolution, Wills & Testaments
• Preparing Tax Returns for Tax Practitioner
• Fee Renewals & Living Annuity Income Renewals
• Upload Client Financial Information onto company’s CRM System
• Overseeing application processes

COMPULSORY REQUIREMENTS
• Minimum 2-years’ experience in a Financial Services Environment, focus on Financial Planning & Wealth Management Solutions to Clients

Competencies
• Understand and Interpret Financial Statements
• Experience working with Financial Planning Software
• Good written, telephonic and customer service relationship
• Analytical and numerical skills
• Concern for Accuracy & Attention to Detail
• Time Management Skills – Managing Work
• Results Driven
• Computer Literate (Advanced Word, Advanced Excel, Outlook, Power Point, CRM/Client Tracking System) 
• Problem Solving
• Adaptability
• Professionalism
• Bilingual (Afrikaans and English)
Knowledge / Experience
• Regulatory Exam RE 1 / RE 5 (knowledge of the regulations)
• Basic understanding of Estate Duty Act, Companies ACT, Income Tax Act, Pension Funds Act, Trust Property Control Act, Will Act
• Understanding Financial Needs Analysis
• Understanding the 6-step Financial Planning Process
• Understanding the purpose of Financial Products and there offering (Investments, Risk products, Medical Aids, Gap Cover)
• Quoting of Financial products with the different Product Providers
• Economic & Financial Markets
• Drafting of Wills and understanding of Trust Administration
• Knowledge and experience in completing individual tax returns
• Microsoft Office (Outlook, Excel, Word)
• CRM system (Client Relationship Management)
• Financial Industry & Services knowledge and experience
• Legislation Compliance (FICA / FAIS / TCF / COI/POPI)

Output

• Handling of Client Queries
• Work Effective in a Team
• Good written and communications Skills (Afrikaans & English)
• Productive and Efficient
• Able to work independently