When you need to hire a financial planner for your organization, the first step is to write a job description. While this may seem like a waste of time, it will save effort in the long run because you won’t have to waste time sorting through the resumes of applicants who don’t seem to understand what the job entails or do not have the right qualifications for the position. Taking the time now will pay off in the long run. If you are unsure about how to write a job description, the following is a financial planner job description sample.
Financial Planner Job Summary
As a financial planner, you will provide financial consulting services to assist clients with their financial objectives and goals. Based off of financial assets and goals, you will recommend an appropriate combination of investment and insurance services and products while complying with all state and federal regulations.
Financial Planner Job Duties and Responsibilities
- Develop a book of business by cold calling, contacting personal and professional contacts, and networking.
- Manage a book of business by performing regular reviews and using approved services and products.
- Grow book of business by identify value-added services and products, developing additional referral business, and acquiring client assets held by another organization.
- Build client relationships through calls and face-to-face meetings.
- Manage client relationships with the goal of being the first call made for all financial planning needs.
- Coordinate communications across applicable institutional segments and among client’s account team.
- Comply will all regulatory requirements.
- Keep job skills relevant by participating in professional organizations and taking continuing education classes and seminars.
- Some local travel may be required.
Job Qualifications and Skills
- Bachelor’s degree is strongly preferred
- Series 7, Series 66, and state life insurance licenses are preferred. Candidates who don’t have a current license may be eligible for sponsorship through the company in order to obtain them within 90 days of hire.
- Professional designation of CFP (Certified Financial Planner) preferred
- Strong sales background
- Great verbal and written communication skills
- Excellent interpersonal and relationship-building skills
- Financial background is preferred
- Competent computing skills including MS Office, CRM, and proprietary systems
- Basic and advanced math skills
- Ability to gain and maintain trust
ABC Financial Services, Inc. is a trusted company that has been around for 50 years and services clients in all 50 states. We hire professionals who want what is best for the clients and the organization. With a great benefit package and annual bonuses for a job well done, we hire and maintain top-notch employees. We offer continual learning opportunities that combine knowledge and fun, and we motivate employees to continue their studies to earn additional professional designations.
What to Include in Your Financial Planner Job Description
The first question you need to consider is what to include in your financial planner job description. You want to lay out the foundation for what the job looks like on a typical day and also what type of individual your organization is looking for. If you are not that familiar with what the job entails, consult with someone who is working in the position currently, or take the time to do some research. The following are some of the main points that should be included.
• Job Title and Brief Summary- The job title will be the first thing that applicants search for, so make sure that it is clear. Include the level of the position, such as assistant, lead, or senior, that correctly represents the work the employee will perform. Next write a short summary that includes the purpose of the position and an overview of the main duties.
• Job Responsibilities- List the essential and common duties that the employee will be responsible for. The duties should be listed as action verbs, such as “cold call potential clients” or “design long-term financial plans based off of individual goals and assets”. This section lets potential applicants know what to expect on a typical day.
• Qualifications and Skills- Include all mandatory qualifications as well as those that are preferred. Examples include the minimum education level, required licenses or certifications, years of experience, necessary technical abilities, and other relevant skills.
• Company Description- Although candidates should already know something about the company, this section allows you to highlight the culture and benefits of working for the organization. Some information that you may choose to include are your vision, mission, size of the company, and special employee perks.
• Call to Action- At the end of the financial planner job description, make sure that you make it clear how to apply for the job. Ask the job seeker to apply by emailing their resume, mailing an application, or filling out an online form.
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Do’s and Don’ts of Writing a Financial Planner Job Description
Don’t let the idea of writing a job description stress you out. These helpful do’s and don’ts will assist you when designing your financial planner job description.
• Do use bullet points in the responsibilities and qualifications sections so that it is easy to skim and read.
• Don’t make the description too long. It should be concise and to the point while including all pertinent information. Most should be kept at 700 words or fewer.
• Do include the location of the position. Also be forthcoming about any travel that may be required.
• Don’t include salary or benefit information if it is against company policy. Some organizations don’t want that information publicized, so it is best to wait until further down the application process to discuss.
• Do use keywords to help optimize your posting in search engines. Use common phrases, such as “financial planner jobs in Los Angeles”, that applicants will be using to search for the position.
• Don’t be afraid to show your company’s personality in the description. If you have casual Fridays or bring your pet to work days, include this in your company profile.
• Do make it clear how to apply for the position and include specific names and addresses.
Job Description Best Practices
- While the above financial planner job description is a good example of how to attract high-quality applicants, there may be times when you need to design a job description from scratch. The following will help guide you write a top-notch job posting that attracts the best talent and weeds out the unqualified individuals.
- Be as specific as possible so that applicants know exactly what type of position they are applying for. This also helps to weed out those who are not interested in the daily tasks.
- Use bullet points to make certain sections easier to read. It is always best to use bullets in the responsibilities and qualifications sections, and you can use them in other sections in which they would improve the format.
- Encourage job seekers to apply for the position by including the name of the hiring manager and either mailing address or email of where they should send in their application and resume. Including this call to action can make a huge difference.
- It is best not to include information about salary and benefits unless your company allows it to be publicized.
- This is your chance to highlight the company’s personality. This may include highlighting special employee perks or including the company’s inspiring vision and mission. Doing so may just attract top talent from another organization because he or she is attracted to the culture of the organization.