Our client, a prominent name in Financial Services industry, is seeking to employ an experienced Head of Para-Planning, to join their team based in Kloof (Upper Highway), Durban.

Summary of role:

• A senior technical and operational role responsible for managing the paraplanning function, staff development and performance management, while ensuring the delivery of high-quality financial planning support to advisers.

• The role combines people management, technical financial planning expertise, process improvement, systems administration (particularly Xplan and related advice systems), training, and hands-on paraplanning responsibilities across wealth management, risk planning, tax and estate planning.

Requirements:

• Degree and Post Graduate Diploma in Financial Planning.

• 5 or more years’ experience in the financial planning industry.

• Advanced financial planning and technical knowledge.

Responsibilities:
Diary Planning

• Regular discussions with advisers. 

• Instructions to reception. 

• Allocation of files to Paraplanners and reviewing their workload periodically.

New / Existing Staff (relating to Paraplanners)

• Dealing with Recruitment Agents. 

• Interviews. 

• Staff take on process / exit process. 

• Drafting of contracts and related documents. 

• Performance Appraisals.

Procedures Manual

• Facilitating updates to the Procedures Manual and related company documents (e.g. Xplan documents and notes) where necessary.

• Circulating updated information to staff.

Templates / Technical Information  

• Update of template documents / wording. 

• Technical queries from Paraplanners.  

• Xplan complex calculations.  

• Staff training / knowledge transfer (e.g. Xplan training).  

• Facilitating the update of documented processes.  

• Enhancement of processes.  

Xplan and related advice systems

• Identifying and implementing projects to enhance automation. 

• Liaison with various parties at Xplan regarding projects.

Staff training

• Bi-monthly paraplanning training on Xplan and related advice systems, processes, financial advice related topics.

Client related matters

• Wealth Management Plans. 

• File preparation for meetings. 

• Records of Advice.

• Ad hoc emails / investigations.

• Tax calculations when required. 

Risk Assessments and Quotes

• Personal and business assurance. 

• Drafting of Proposals.

• Reconciliations.

• Implementation Updates.

• Plan of actions.

• Performance comparisons / calculations.

•  Estate Planning Calculations.

Specimen agreements

• Wills.

• Living Wills.

• Power of Attorney.

• Loan Agreements.

• Living Annuity revisions – liaising with implementation. prior to anniversary date.

• Task management.

 Please note that if you do not receive a response within 2 weeks, your application has been unsuccessful.