Financial Adviser Aifa

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To identify the long term (life) risk and give advice to clients on their life assurance needs using the limited architecture framework. To provide solutions for the client's long term insurance and financial planning needs by regularly reviewing the client's portfolio in order to build a sustainable broker practice.

**Job Description**:
Financial Adviser AIFA

To identify the long term (life) risk and give advice to clients on their life assurance needs using the limited architecture framework. To provide solutions for the client's long term insurance and financial planning needs by regularly reviewing the client's portfolio in order to build a sustainable broker practice.

Accountability: To establish and maintain a professional relationship with all stakeholders (Client, Bank personnel, product providers and Adviser Support staff)
- Receive leads from the Bank staff in the branches (Consultants, Branch Managers or Enquiries Clerks) by way of walk in clients or leads data
- If it is a lead, make telephonic contact with the client to set up a meeting within the specified timeframes per the leads campaign agreement
- Based on the lead provided, assess the client's portfolio and identify possible gaps for which solutions can be formulated, prior to meeting with the client
- Disclose all the relevant information to the client as required by the relevant legislative frameworks (e.g. FAIS Act) at the initial meeting with the client to enable the client to make a decision on whether or not to proceed with the consultation
- Follow all the steps in the designated client engagement process as specified by Absa Brokers
- Provide regular feedback to the Regional Leader on actions taken to progress the lead to business fulfilment
- Network, on an ongoing basis, with all stakeholders in the Bank (Consultants and Branch Managers) and elsewhere by attending their meetings and social gatherings in order to position Absa Brokers' 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
- Using the leads information provided by the Bank and the Regional Leader, discuss the client's risk and insurance needs
- Make use of the Financial Needs Analysis tool (standardised format) provided to conduct a comprehensive risk evaluation for the client
- Obtain the client's consent to access his/her existing policy information by getting him/her to sign the relevant documents in order to get a comprehensive view of the client's life assurance (long term insurance and investments) portfolio
- Discuss various possible solutions and options available with the client and thereafter recommend the most appropriate solution(s) to address any gaps
- Generate and discuss the appropriate solution in writing (quotation) with the client, complete the necessary product proposal forms and ensure that the client signs the forms to indicate his/her consent
- Gather 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
- Upon inception of the policy and receiving the policy schedule/contract from the product provider/insurer, check that the policy schedule reflects the client's requirements as per the proposal or closing instruction/agreement
- If not, refer the policy back to the product provider for the necessary amendments to be done
- If the policy schedule is correct, make an appointment with the client to explain all aspects of the policy (the cover extended, exclusions) and give him/her the original document after making copies for the client's file
- Review the client's portfolio once a year and contact the client on a regular basis to discuss potential enhancements and revisions to his/her insurance and/or investments portfolio and identify new business opportunities
- Provide a report back to the Regional Leader and Bank stakeholders on the strike rate (i.e. number of leads provided that were converted to business)
- Seek business opportunities from external sources as necessary to grow the book of business

Accountability: Customer Engagement
- Do activity planning by identifying the clients to be approached/contacted during a
- particular period
- Conduct a comprehensive risk evaluation for the client by making use of the Financial Needs Analysis tool
- Obtain the client's consent to access his/her existing policy information by getting him/her to sign the relevant documents in order to get a compreh