IFA Administrator
21 hours ago
Birmingham
Job Title: Client Services Executive This is a new and exciting opportunity for an experienced IFA Administrator to join a growing Wealth Management business in Birmingham, as part of their Client Services team. Key Skills and Knowledge: • Strong understanding of the role and its responsibilities, including necessary technical and administrative qualifications., • Experience mentoring junior members of the Client Services team., • In-depth knowledge of the firm’s administration and client service requirements., • Familiarity with regulatory compliance standards, particularly in providing advice to clients in line with the firm’s compliance manual and procedures., • Ability to maintain up-to-date technical knowledge, qualifications, and professional standards. Core Responsibilities: • Adhere to the Financial Services and Markets Act 2000 and relevant FCA regulations at all times., • Ensure compliance with the firm’s procedures on compliance, Treating Customers Fairly (TCF), anti-money laundering, fraud prevention, data security, and anti-bribery., • Stay informed about relevant product, legislative, and technical updates., • Uphold the ethical standards and values of the firm in all dealings. Specific Duties: • Maintain a professional and courteous approach when interacting with clients., • Conduct thorough research on products and market trends., • Ensure all client documentation is processed and maintained in line with company procedures., • Meet performance standards and maintain a high level of client service., • Track Continuing Professional Development (CPD) and maintain accurate records. General Administration: • Manage the day-to-day administration of Life, Investment, and Pension products, including:, • Submission of online applications, top-ups, and processing of paper-based applications for life, investment, platform, and pension business., • Ensure compliance and accurate completion of the issuance of plan documents., • Working closely with Financial Advisers, • Keep all relevant trackers and spreadsheets up to date as directed by the Client Services Manager., • Manage business activities related to new business, top-ups, and policy variations (e.g., changes in DFM/Model, fund switches)., • Understand and apply adviser banding, introducer relationships, and payaway structures., • Oversee the management of annual and portfolio reviews, ensuring actions are completed on time by the adviser and review team., • Assist the review team with preparation of Annual Reviews (AR) and Portfolio Reviews (PR) during peak periods., • Review and verify portfolio reports prepared by the review team., • Provide support and communication with clients, solicitors, accountants, life offices, platform providers, and lenders through various channels (phone, email, fax, letter)., • Handle complex administration queries as escalated by the Client Services Manager., • Mentor and train Client Services Executives and apprentice staff as needed., • Oversee and authorize platform withdrawals, fund switches, and other transactions., • Draft standard and ad-hoc correspondence in response to client and provider queries., • Raise invoices and ensure timely payments., • Source life, investment, and pension quotations using appropriate research tools and present them to advisers along with necessary documentation. Technical Expertise: • Maintain a comprehensive understanding of the back-office system (IO) and its role in the firm’s operations., • Possess strong knowledge of EIM platforms and their processes, including maintaining cash balances., • Ensure all client files and documentation are compliant with internal standards and regulatory requirements., • Manage group scheme renewals and auto-enrollment schemes, including handling renewals, invitations, and ongoing member servicing., • Provide ongoing administration for platform and non-platform investment products, including SIPPs and SSASs.