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.Job SummaryTo 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, recommendations will be made to address single or multiple needs identified on behalf of the client. Advice recommendations must be presented under the license categories for which the adviser is accredited with Absa approved product(s) that are deemed to meet the needs of the client. Upon 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 regular reviews of the client needs to assess the continued suitability of implemented solutions. In these reviews, new needs may be addressed and changes to existing plans proposed to ensure continued solutioning of client needs. The adviser must continue to ensure ongoing Fit and Proper status to enable them to offer services under an Absa advice license.Job DescriptionKey AccountabilitiesEstablish 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, fully utilizing Absa's bancassurance structure.Assess client's needs through recommended needs analysis tools, ensuring that the client is aware of the full value proposition offered by AIFA.Prepare recommendations and quotes for appropriate risk and investment solutions based on the client's individual needs and profile.Present recommendations 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 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.Accountability: Meet sales and/or growth targetsDo activity planning by identifying the clients to be approached/contacted during a particular period in conjunction with Everyday Advice Executive.Using leads information provided by the source and/or Regional Manager listings, as well as leads sourced through own prospecting activities, 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.Discuss various possible solutions and options available with the client and thereafter recommend the most appropriate products and/or solutions 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.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 to the relevant product providers for processing.Review the client's portfolio at a minimum of once a year and contact the client based on the adviser and client agreed contact strategy.Provide a report back to the Regional Manager and Everyday Banking stakeholders on the strike rate.Seek business opportunities from external sources as necessary to grow the book of business.Accountability: Manage own commission earningsCapture the correct Policy Relevant Information (PRI) number on the Commission system.Check the accuracy of the commission statements received from the Broker Commissions department monthly.Keep the client database up to date.Follow up on unpaid premiums and lapses by contacting clients.Manage the suspense account timeously.Accountability: Practice ManagementEnsure that staff members (Adviser Assistants) have a clear understanding of their roles and responsibilities.Arrange for staff members to receive the relevant training.Provide coaching and mentoring to assistant(s).Participate in performance development discussions as required.Take corrective actions in cases of underperformance.Implement controls regarding compliant record keeping.Complete all the required compliance exams in the specified timeframes.Provide monthly feedback to the branch and Business Bank regarding non-interest income and cross-selling opportunities.Segment the client base according to profile and income potential.Engage with business development strategies with the support of the Regional Manager.Accountability: Personal DevelopmentAttend all the required training to attain accreditation to market Absa approved products.Attend all requisite internal training.Attain the required FAIS credits to maintain Fit and Proper status.Ensure that Fit and Proper status is maintained.EducationFurther Education and Training Certificate (FETC): Business, Commerce and Management Studies (Required)Absa Bank Limited is an equal opportunity, affirmative action employer. In compliance with the Employment Equity Act 55 of 1998, preference will be given to suitable candidates from designated groups whose appointments will contribute towards achievement of equitable demographic representation of our workforce profile and add to the diversity of the Bank.Absa Bank Limited reserves the right not to make an appointment to the post as advertised.
#J-18808-Ljbffr