Paraplanner

Paraplanner | Sutton Coldfield | £40,000 | Full-time, permanent | Office based

Monday to Thursday 8.30 to 5.00, Friday 9.00 to 1.00

Plenty of paraplanning roles at this level turn out to be a long apprenticeship in gathering information for somebody else to use. This one puts the technical work in front of you from the start. You will calculate and assess capital gains tax liabilities on investment disposals, working through annual exemptions, allowable losses and asset histories, and you will run chargeable event gain calculations on investment bonds.

The role sits between three sets of people: the firm's financial advisers, its outsourced paraplanning provider and its compliance team. You will draft suitability reports and recommendation letters, assemble the client picture from fact finds, policy information, valuations and cashflow reports, and keep all of it straight in Intelligent Office. Advisers will come to you with technical queries, which tells you something about the standard expected of the person who takes this on.

It reports to the Paraplanning Team Leader, it is office based in Sutton Coldfield, and the working week finishes at one o'clock on a Friday.

What You Will Be Responsible For

Technical support and calculations

• Provide technical support to the financial adviser team, the firm's outsourced paraplanning provider and the compliance team
• Calculate and assess capital gains tax liabilities on investment disposals, including the use of annual exemptions, allowable losses and asset histories
• Undertake chargeable event gain calculations for investment bonds, liaising with providers as required
• Act as the point of contact for adviser queries on technical matters

Reports and client analysis

• Draft suitability reports and client recommendation letters, to a standard that holds up on both accuracy and compliance
• Gather, verify and analyse client data including fact finds, policy information, valuations and cashflow reports
• Liaise with product providers and platforms to obtain information, quotes and up-to-date investment valuations

Systems and workflow

• Maintain accurate and compliant client records in the CRM and back-office systems (Intelligent Office)
• Monitor workflow and make sure tasks complete in line with service level agreements and compliance requirements

Compliance and standards

• Support the compliance team in keeping documentation and advice processes aligned with FCA regulation
• Contribute to the continuous improvement of operational processes and documentation standards

Essential

What we are looking for

• At least halfway through the Diploma. This one is firm, so tell us where you have got to and which modules you have behind you.

Preferred

• Existing IFA paraplanning experience

Diploma progress is the requirement that will not move; the paraplanning experience is preferred, so if you are studying and coming from an adjacent role it is still worth a conversation.

Who This Could Suit

A paraplanner already working in an IFA practice who wants more of the technical work and less of the administration around it. The CGT and chargeable event calculations here are the job, not something that gets passed upward once you have collected the paperwork.

It should also suit someone who has come at this from an IFA administration or client servicing role, or from the provider and platform side, provided the Diploma is at least half behind you. The requirements assume you already know your way around a fact find and a policy schedule, so treat this as a step across rather than a step in.

What Is On Offer

• £40,000
• Full-time permanent, office based in Sutton Coldfield
• Monday to Thursday 8.30 to 5.00, Friday 9.00 to 1.00 - the standard week, not a rota
• Reporting to the Paraplanning Team Leader

Ready for your next move?

If this is the move, apply through Shearwater Recruitment and we will come back to you. If you would rather understand the firm, the team and the package before committing to anything, get in touch for a confidential conversation instead. All applications are handled in confidence, and your details are never sent to a client without your prior consent.