What are the responsibilities and job description for the Financial Planning Associate position at Northwestern Mutual - Park Ave?
Summary:
The Planning & Insurance associate is responsible for executing the firm’s planning and insurance processes. This role will support and be mentored by the senior associates and directors for the Planning & Insurance department.
Responsibilities:
- Implement firm’s financial planning process including PX assumptions, template, concept pages and alternate scenarios
- Implement firm’s insurance planning process by generating illustrations, creating recommendations, and updating existing recommendations. Support advisors in providing illustrations, examples, and research needed to answer questions about existing insurance policies.
- Prepare advisors for close meetings by explaining integrated planning observations PX/insurance analysis, etc. as needed and serving as a resource prior to meetings
- Knowledge of all Northwestern Mutual insurance products including life, disability, long term care insurance, and annuities.
- Supports Director of P&I to review Financial Planning Assumptions with firm on a semi-annual basis and outline any proposed changes in the form of a presentation
- Supports senior associates to create new insurance sales ideas and assist with complex insurance case design
- Assist with written briefs on all client-relevant planning ideas on suite of services document and other ideas as needed
- Assist with detailed social security analysis for new and existing A clients in retirement income phase
- Prepare senior associates for occasional client meetings and provide advisors with client-ready e-mails as needed
- Assist senior associates with collaboration with the home office’s advanced planning team and PX product development team on a regular basis
- Research strategies and competitive products as needed
Requirements
- A Minimum of 2 Years of relevant experience working in a Financial Planning or planning related firm
- Currently enrolled in CFP courses or plans to attain CFP within 3 years or have obtained CFP credential
- Bachelor’s degree preferred
- A strong self-starter who willingly takes the initiative, accepts responsibility,
- Analyzing complex data and information and summarize in a concise manner
- Strong organizational skills and utmost attention to detail
- Ability to think critically and solve problems
- A strong track record of effectively leading/working with cross-functional teams, driving meaningful changes and developing others
- Proficiency in Microsoft office applications, expert Excel skills are a plus