Paraplanner - UK Market

About Utmost International

Utmost International is a leading provider of insurance-based wealth solutions operating across the UK, Europe, Latin America, Asia, and the Middle East. Its' solutions are largely based on unit-linked insurance policies, serving the needs of affluent, high net worth (HNW), and ultra-high net worth (UHNW) individuals.

On a proforma basis at HY 2024, Utmost International manages £103.5bn of assets under administration on behalf of approximately 200,000 policyholders. 

We are a diverse and inclusive organisation driven by a values-based culture that promotes excellence, ambition, and innovation. We invest in talented teams who develop their expertise, curated through support and training, and fostered through a people centred culture. Our people truly are our greatest asset

Your role – Are you ready for a challenge?

The Paraplanner – UK Market is responsible for supporting the existing UK UWA sales team in the process of onboarding new clients along with conducting ongoing client reviews and servicing and providing support to the UWA Senior Management team where required.

Your responsibilities will be as follows:

• Servicing existing clients and partners and address general ad-hoc and technical queries.
• Coordination of all aspects of the tailor made, complex financial cross-border solutions until the transactions have been approved and agreed with all stakeholders.
• Collaborating closely together with the insurance company in order to service the UWA clients and act as an intermediary for them.
• Supporting the UK Sales team with reviewing existing client files where required ahead of meetings and assisting in identifying opportunities and with following up.
• Responsibility for carrying out annual client reviews as appropriate, ensuring that the review is conducted in accordance with FCA regulatory and client suitability requirements. Overall responsibility for ensuring that the monitoring and progress reporting of the annual reviews is provided to Senior Management.  Working closely with a Junior Paraplanner to ensure the reviews are completed on time and that the scheduling and documenting of the reviews is carried out in accordance with the FCA Record Keeping requirements.
• Preparation of suitability letters, creating advice sets, illustrations and documentation preparation for both UWA and Utmost carrier AML checks.
• Liaising directly with clients where appropriate and contacting third parties for any additional information that maybe required or to answer third party questions/queries.
• Overall responsibility for ensuring that the management of the UWA partners, introducers and third-party database is carried out effectively, ensuring appropriate documentation is completed and Compliance approval received to onboard the third party.
• Working efficiently, in line with procedures and processes to tight deadlines to ensure smooth business submissions, high service standards that result in a good client experience.
• Flexible to also work on projects as and when required relating to the business development of UWA.
• Keeping up to date with regulatory changes, relevant legislation, business risks and appropriate CPD requirements.
• Ensuring good conduct, TCF and operating in line with the FCA Consumer Duties requirements.
  

Your profile – Have you got what it takes to become our Paraplanner?

• FCA level 4 regulated for a minimum period of 18 months, and registered with the CII or equivalent.
• Minimum of 5 years' experience within the wealth planning industry in a paraplanner role dealing with HNW and UHNW client's resident in the UK.
• An understanding of the wealth management business in the UK.
• Ability to work independently, confidently and prioritise.
• Understanding of client profiling, risk analysis and asset allocation.
• The ability to clearly articulate and escalate issues and solutions along with providing constructive challenge.
• Strong analytical and lateral thinking, numerate and excellent time management skills.
• Client focused with a flexible, driven and team focused approach to work.
• Fluent in English and capability in any other European languages would be an advantage.
  

As an equal opportunity employer, all qualified applicants will receive consideration for employment without regard to gender, colour, religion, sexual orientation, national origin, disability status, protected veteran status, or any other characteristic protected by law.

Given the sensitive nature of our business, industry sector and the role as described, the selected candidate is required to provide a criminal record (Bulletin n°3 for Luxembourgish residents). This excerpt will be kept by Utmost Luxembourg S.A. in compliance with article of the law of 23 July 2016 and for no longer than one month from the conclusion of the employment contract; otherwise, it will be destroyed without any undue delay should the candidate not be hired.

Utmost Luxembourg S.A. is aware of its obligations under the General Data Protection Regulation (GDPR) and is committed to processing your data securely and transparently.

Our Recruitment Privacy Notice is in line with GDPR and provides more information with regards to the types of data that we collect and hold on you as a job applicant, including for the performance of Background Checks.  It also sets out how we use that information, how long we keep it for and other relevant information about your data. For full details please click here Recruitment Privacy Statement

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