Our client is an award-winning Wealth Management company who have been established for more than 40 years. They specialise in providing advice across Pensions, Investments and Tax Planning.
The Role:
Providing a quality administration service in respect of a portfolio of Small Self-Administered Scheme (SSAS) arrangements to meet the requirements of the firm. You will also provide technical and administrative support to a Financial Planner.
Main Responsibilities:
Set up new SSAS in a timely fashion, using a diary system, submit information pack and assist the Suitability Team to aid preparation of associated Suitability Reports
Undertake takeovers of existing SSAS from other Trustees/ Practitioners
Effect transfers into SSAS and action property purchases/ sales
Prepare reports and valuations for client meetings.
Calculate maximum borrowing and retirement and death benefits.
Calculate maximum loan backs and understand HMRC requirements in this area.
Process retirement benefit applications
Provide technical and administrative support to Financial Planners
Carry out other routine administration tasks identified below and deal with client queries within field of expertise/ range of authorisation.
Day to Day Portfolio Management
Maintain accurate records, processing changes: using software available (Omni, Virtual Cabinet, Intelliflo, Excel)
Maintain a diary confirming the date of any drawdown anniversaries and rent reviews
Daily reconciliation of bank accounts
Banking of cheques into the SSAS bank account and requesting payments
Prepare for client meetings Annual Review Packs, including Accounts Reconciliation & Annual Statements
Issue Client Meeting Notes and undertake action points.
Invoice clients in accordance with Client Agreements
Maintain client contact over telephone, email, face to face.
Liaise with financial planners and paraplanners.
Maintain accountant contact (where applicable) over telephone, email, face to face.
Reviewing documents and arranging for trustee’s signature
Produce bespoke Deeds and documents.
Carry out other routine administration tasks and deal with client queries within field of expertise/range of authorisation.
The administration of some FURBS/EFRBS may also be allocated in addition to SSASs.
Complete HMRC returns on online or in paper within relevant timeframes.
Pay and Benefits:
Salary £25,000 to £32,000 per annum (dependant on qualifications and experience)
2 x salary life assurance
Pension; 5% employer contribution - Increasing incrementally in recognition of service. Salary sacrifice scheme available.
24 days’ holiday - Increasing incrementally in recognition of continuous service
Health Cash Plan Scheme.
Free parking
Hybrid Working Scheme – Following completion of initial training and induction
Qualifications:
Educated to A level standard (or equivalent) as a minimum.
To be willing to obtain CII Award/Certificate/Diploma Units (or equivalent)
Minimum of 3 years’ experience in a SSAS client servicing and administration role
To hold CII Award/Certificate/Diploma units (or equivalent)
Other Financial Services experience, in a similar role, ideally for a Financial Adviser firm.
Knowledge and Skills Required:
Knowledge of the services that the firm provides to clients.
Knowledge of SSAS and associated products.
Good technical knowledge of SSASs and their use in financial planning.
Knowledge of other financial services legislation relevant to role.
Ability to communicate effectively with clients, actuaries, accountants, Pension Trustees, HMRC and other professional connections via various methods – phone, letter, e-mail, memo, etc
Knowledge of in-house money laundering procedures relevant to role and individual responsibilities in this area.
Knowledge of Data Protection legislation relevant to role.
Knowledge of IT systems and programmes relevant to role.
Ability to work within level of authority and to refer work when appropriate.
Ability to create and maintain accurate computer-based records.
About You
IT / keyboard skills
Good telephone manner, letter writing and email skills.
Good, broad, knowledge of Financial Services in general
Well organised and able to work to deadlines.
Able to prioritise work.
Desire to be part of a team, although able to work on own initiative.
Willing to undertake further study to improve technical knowledge.
SSAS Administrator, Leicester (JR-1903)
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