Financial Adviser AIFA: Everyday Banking (FAIS)

Absa Ins & Fin Advise(Pty; Malmesbury; Presencial; ZAR 350.000 - 550.000; Jornada completa

Descripción de la vacante

Absa Advisers is seeking a FAIS-licensed financial adviser with 2–3 years of experience in long-term insurance and investments to guide clients through a six-step financial planning process. You will perform Financial Needs Analysis using Avalon and present tailored recommendations to meet client needs.

You will ensure compliance with FAIS regulations, conduct regular reviews, and collaborate with the bank’s product teams to deliver suitable solutions.

Formación

• Follow six-step financial planning process for FAIS licensed advice.
• Conduct Financial Needs Analysis (FNA) for Investment, Life Insurance and Estate planning.
• Address client needs by presenting recommendations under Absa-approved products after client approval.
• Regularly review client needs to ensure continued suitability and compliance status.
• Maintain ongoing Fit and Proper status to offer services under Absa’s advice license.

Responsabilidades

• Establish and maintain professional relationships with clients and stakeholders.
• Participate in leads activities and sales/pipeline meetings to identify opportunities.
• Assess client needs using recommended needs analysis tools and communicate the value proposition.
• Present recommendations and quotes for risk and investment solutions.
• Ensure all FAIS regulations are followed in advising clients.
• Follow the designated client engagement process and document interactions.
• Provide regular feedback to Regional Manager on progress and outcomes.
• Network with stakeholders across Everyday Banking and Advisers to position Absa’s value proposition.
• Meet sales and/or growth targets and contribute to plan execution.
• Plan activity by identifying clients to approach and contact in a given period.
• Use Avalon Financial Needs Analysis tool to conduct client analyses.
• Obtain client consent and gather necessary compliance documents.
• Submit proposal forms and relevant applications.

Conocimientos

Financial planning

FAIS licensed

Client needs analysis

Sales targets

Educación

NQF 5 FAIS Credits

RE 5 Certification

Descripción del empleo

Empowering Africa's tomorrow, together...one story at a time.

With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.

Belonging at Absa

Absa is committed to creating an inclusive workplace where everyone can thrive. We are an equal opportunity employer and welcome applications from suitably qualified individuals from diverse backgrounds. In support of our Diversity, Equity, Inclusion and Belonging (DEIB) commitments and Employment Equity objectives, preference may be given to candidates from underrepresented designated groups, including persons with disabilities. We encourage applicants who may require reasonable accommodation during the recruitment process to let us know so that appropriate support can be provided.

Job Summary

Key Requirements

• Minimum 2-3 years Financial Planning / Advice in Long-term Insurance and investment
• NQF 5 FSB approved qualification (120 FAIS Credits)
• RE 5 Certification
• Fit and proper for typical license categories

• To follow the six steps of financial planning in executing the role of a FAIS licensed financial adviser. A professional introduction must be made to introduce the adviser and the services offered by the adviser. Upon client approval the adviser may conduct a Financial Needs Analysis (FNA) in the disciplines of Investment, Life Insurance and Estate planning. Based on the concluded FNA to make recommendations
• To address single or multiple needs identified on behalf of the client. Advice recommendations will must be presented under the license categories for which the adviser is accredited Absa approved product(s) that are deemed will meet the needs of the client. On client acceptance of all or part of the advice, the adviser is required to implement the accepted advice through Absa's new business processes.
• The adviser must conduct regularly review of the client needs to assess continued suitability of implemented solutions. In these reviews, new needs may be addressed and changes to existing plans be proposed to ensure continued solutioning of client needs.
• Adviser must continue to ensure ongoing Fit and Proper status to enable them to offer services under an Absa advice license.

Job Description

Key Accountabilities

• Accountability: To establish and maintain a professional relationship with all stakeholders (Client, Bank personnel, product providers and Adviser Support staff)
• Participate in reciprocal leads activities and sales/pipeline meetings to identify opportunities for new or repeat business, and fully utilising Absa's bancassurance structure.
• Assess client's needs through use of recommended needs analysis tools, ensuring that the client is aware of the full value proposition offered by AIFA.
• Present recommendation and quote for appropriate risk and investment solutions based on the client's individual needs and profile.
• Present recommendation to clients, ensuring that all FAIS regulations are followed regarding advice given.
• Follow all the steps in the designated client engagement process as specified by Absa Advisers.
• Provide regular feedback to the Regional Manager on actions taken to progress the lead to business.
• Network, on an ongoing basis, with all stakeholders in Everyday Banking (PGM's and Regional Managers) and elsewhere by attending their meetings and social gatherings to position the Absa Advisers' value proposition to the Bank and to the clients
• Accountability: Meet sales and/or growth targets
• Do activity planning by identifying the clients to be approached/contacted during a particular period in conjunction with Everyday Advice Executive.
• Using the leads information provided by the source and or Regional Manager listings, as well as leads sourced through own prospecting activities and determine the client's financial needs.
• Make exclusive use of Absa's Financial Needs Analysis tool (Avalon from Aug 2024 onwards) to conduct a comprehensive Financial Needs Analysis for the client.
• Obtain the client's consent to access his/her existing policy information by getting him/her to sign the relevant documents to
• get a comprehensive view of the client's financial needs.
• Discuss various possible solutions and options available with the client and thereafter recommend the most appropriate products and or solution(s) to address financial needs.
• Generate and discuss a formal recommendation including product quote(s) for the client.
• On acceptance of part or all the advice recommendations, complete the necessary product application forms and ensure that the client signs the forms to indicate his/her consent to engage in a transaction(s).
• Gather, generate, and complete all the necessary compliance documentation (e.g., Client Advice Record, copy of ID, Financial Needs Analysis, FICA).
• Submit the proposal forms