Paraplanner

POSITION SUMMARY:

We believe solid planning requires special expertise and a team approach. Our team includes individuals with financial planning, investment management, tax and legal expertise, dedicated to working with our clients to plan, grow and protect legacies across generations. Adhering at all times to First Citizens’ Wealth Management superior client service standards, the Paraplanner is responsible supporting our Wealth Advisors and Trust Officers in creating, delivering and maintaining exceptional financial plans for clients.

ACCOUNTABILITIES:

Financial Planning:                             60%

• • Coordinates with team members, existing clients and prospective clients to gather and maintain client data related to financial planning process.
  • Enters client data into financial planning tools including, but not limited to, risk analysis software, tax analysis software and financial planning software.
  • Creates custom analysis of financial planning scenarios and recommendations which may include:
    • Cash flow and balance sheet summaries
    • Retirement projections and income planning
    • Insurance needs analyses
    • Investment allocation and risk analysis recommendations
    • Education, liquidity, and survivor income planning
    • Estate and Succession planning
    • Tax analysis
  • Generates reports and client presentation deliverables from planning tools.
  • Prepares materials for client meetings highlighting financial plan updates and key discussion points.
  • Performs research on financial planning topics.
  • Documents updates to financial plans in CRM and provides supporting reasoning and analysis.
  • Engages in regular check-ins with Wealth Advisors, Associate Wealth Advisors and other team members to ensure consistency and accuracy of financial planning process across Department.
  • Participates in client meetings to assist with presentation of financial plans.
  • Prepares client-ready reports, meeting documents, and follow-ups for both new and existing clients.
  • Delegates effectively to Wealth Assistant(s) and other team members as needed.
  • Coordinates with team members to ensure deadlines are met, internal workflows completed timely and client service standards are met.
  • Coordinates multiple concurrent projects and deadlines independently and with a team.

Technical Support:                                          30%

• • Creates and manages processes and workflows to streamline the Department’s financial planning process.
  • Manages and maintains financial plans to create consistent plan delivery process across Department.
  • Serves as technical support to team on financial planning tools.
  • Develops proficiency in all tools utilized by Department in the financial planning process.
  • Attends ongoing training on software utilized in financial planning process and provides recommendations to enhance financial planning processes.
  • Provides training on financial planning tools across team.

Compliance/Other:                                          10%

• • Complies with federal, state and local legal requirements and ensures compliance standards are met by ensuring strong documentation of planning process in CRM, including client deliverables.
  • Maintains current understanding of regulation, policies and procedures.
  • Pursues training, educational and self-development opportunities—not only to ensure mandatory continuing education and training requirements are satisfied but to increase skill level and remain current on tax, financial planning, estate planning, investment planning, and retirement planning.
  • Maintains client confidence and protects Wealth Management operations by keeping information confidential.
  • Attends mandatory compliance and security sessions.
  • Monitors daily work for adherence to compliance and security regulations, policies/procedures, and promptly corrects any deficiencies.
  • Positively contributes to team effort by accomplishing related results as needed.
  • Travels to branch locations as needed.
  • Other duties as assigned.

COMPETENCIES:

Integrity/Confidentiality

• Demonstrates the ability to hold confidential information and displays honesty and high ethical standards.

Initiative

• • Exhibits the action of taking the first step such as originating new ideas or ability to think and act without being asked.

Verbal/Written Communication Skills

• • Provides information to customers outside the organization, supervisors, co-workers, and subordinates clearly and concisely in writing, by telephone or through e-mail.

Analyzing Data or Information

• • Identifies the underlying principles, reasons, or facts of information by breaking down information or data into separate parts.

Consulting

• • Provides guidance and expert advice to management or other groups on technical, systems, or process related topics.

Critical Thinking

• Uses logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.

Monitoring

• Monitors/assesses performance of yourself, other individuals, or organizations to make improvements or take corrective action.
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• Team Skills
• • Works together with a group of people to coordinate and help each other in daily tasks.

Coordination and Change Management

• Adjusts actions in relation to others’ actions and embraces change and sees it as an opportunity.

Problem Solving

• Analyzes information and evaluates results to choose the best solution and solve problems.

Attention to Detail/Accuracy

• Is careful, exact, and free from mistakes and errors.  Adheres closely to a set of standards.

ENVIRONMENTAL CONDITIONS:

• • • Work is performed primarily indoors in an office setting.
    • Remote work is not available for this position.

PHYSICAL AND MENTAL DEMANDS:

• • • Position accountabilities are typically performed while sitting for most of the day.  The physical and mental demands of this position are representative of those that must be met by an employee to successfully perform the essential position accountabilities.  Reasonable accommodations may be made to enable individuals with disabilities to perform the essential position and accountabilities.  First Citizens reserves the right to review each requested accommodation and determine if it poses an undue hardship.

KNOWLEDGE, SKILLS AND ABILITIES:

• • • Bachelor degree in business/finance/accounting preferred.  Financial planning experience preferred.
    • Strong technical and analytical skills and ability to adapt to new technologies.
    • Ability and willingness to continually learn and grow.
    • Excellent written and oral communication skills.
    • Basic understanding of accounting principles, financial planning concepts and investments.