Senior Associate, Private Client

Foundation Risk Partners, one of the fastest growing insurance brokerage and consulting firms in the US, is adding a Senior Associate, Private Client to The Warner Companies team in their Timonium, Maryland office. 

JOB PURPOSE

Primarily responsible for service, operations, and implementation of recommendations within the Private Client area. This includes new business as well as service of the firms existing clientele as it relates to the investment and insurance lines of business.

ESSENTIAL FUNCTIONS & RESPONSIBILITIES

To perform this job successfully, an individual must be able to perform each of these essential functions at a

satisfactorily level. Other essential and non-essential functions may be assigned. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Service

1. Facilitate implementation of financial and investment plans as presented by advisors.
2. Collaborate as a member of the private client team. Process account service requests and troubleshoot problems. Provide advisors with details about client contact and resolution.
3. Facilitate opening new investment accounts for clients and review transfers for completeness and accuracy, with a focus on the broker-dealer portion of the book of business.
4. Process direct carrier business, i.e. variable product and 529 related transactions (deposits, withdrawals, reallocations).
5. Process rollovers from clients’ external retirement plans.
6. Administer annual process surrounding RMD’s from client IRA and retirement plan accounts.
7. Assist with retirement plan administration and operations.
8. Update and maintain client information in CRM systems.
9. Maintain appropriate compliance logs/journals (submits to CCO weekly).

Administration / Compliance

1. Facilitate annual audits by external sources (RIA custody, broker/dealer, etc.).
2. Administer annual regulatory filings at the direction of the CCO.
3. Prepare and facilitate delivery of advisory contracts and disclosure documents to clients/portals.
4. Assist with licensing and continuing education requirements for Broker Dealer and advisory representatives.
5. Ensure compliance with suitability requirements for B/D related transactions.
6. Ensure compliance with processes outlined in the RIA Compliance Manual.
7. Stay current with compliance and regulatory requirements and trends through research, seminars, and networking.

MINIUMUM REQUIREMENTS & QUALIFICATIONS

These describe the minimum level of qualifications needed for an individual to perform the essential functions of the position including education, licensure or certification, and any measurable, job-related experience.

Bachelor’s Degree. A minimum of five (5) years of experience in investment industry, preferably within a broker-dealer and/or registered investment advisor.  Series 6 registrations and life/health insurance license are preferred or expected to be earned within 90 days of hire.

KNOWLEDGE, SKILLS & ABILITIES

• Knowledge of various account registration types, traditional and alternative investment products, variable products (incl. various annuity riders), retirement plan offering, back office/operations with RIA firm(s). (Schwab and/or Fidelity experience is a plus)
• Proficient skills in Microsoft Office products with particular emphasis on Excel
• Prior experience with Envestnet Tamarac software preferred
• Strong business writing skills
• Superior analytical and quantitative skills
• Ability to demonstrate attention to detail with high degree of accuracy
• Ability to multitask and prioritize a variety of activities
• Ability to demonstrate a “client first” attitude
• Ability to work on a team effectively
• Ability to work successfully in a small company environment
• Ability to understand the impact that various assumptions have on the outcome of a presentation and how variations in those assumptions impact the whole<