Associate Financial Representative Job at Northwestern Mutual Metairie, Meridian, MS

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  • Northwestern Mutual Metairie
  • Meridian, MS

Job Description

Must be contracted as Associate Financial Representative and complete appropriate registration requirements to include:

Series 6 (and Series 63 in applicable states) registration allows you to work with variable annuity, variable life and mutual funds

Series 7 allows you to work with equities, fixed income, options, brokered CD’s and US Treasuries

Series 65 or 66

Overall Function

A registered Associate Financial Representative (AFR) specializes in client service and processing of variable products and other securities and ensuring the maintenance of an efficient and compliant office, allowing the financial advisor to focus on building client relationships. The associate representative is a liaison between the home office, financial advisor and clients.

At the discretion of the advisor, responsibilities may also include preparing planning presentations using the Northwestern Mutual PX system, processing proposals and preparing annual review paperwork. If the AFR is making suggestions or alternatives regarding the preparation of the PX plan, the AFR will require Series 7 licensing. The AFR role also includes the following responsibilities:

Obtain all necessary information along with specific instructions from the financial advisor for PX input (all modules including asset allocation)

Open PX file and provide required input for all sections and modules

Input each security’s value and cost basis information in the corresponding account

Contact investment specialist or OED to classify all unclassified holdings

Input risk tolerance questionnaire and select customization level

Verify paperwork is completed correctly and relay information that is still needed to advisor

Support

Handle case notes, processing correspondence, maintaining client case files, and filing new statements, account forms and other insurance and investment related materials

Maintaining financial representative’s calendar, scheduling follow-up appointments

Responding to home office inquiries

Monitoring and stocking marketing materials for insurance and investment related materials

Ensuring Northwestern Mutual Investment Services and insurance compliance requirements are implemented and followed

Proposal and Case Preparation

Prospecting for new advisory clients on behalf of the employing financial advisor

Gathering information for financial advisor’s meeting with client/prospect

Preparing advisory annual review information

Preparing and modifying PPA and investment/advisory proposals

Preparing letter of instruction for client signature

Preparing investment policy statement, needs-based analysis or financial plan

Recommending fund portfolio options

Processing Accounts

Preparing and processing all paperwork needed for investment/advisory accounts

Identifying need for switch letter and mailing appropriate forms to clients

Discussing potential rollover opportunities from other retirement plans for variable and mutual funds

Receiving and forwarding checks and related paperwork to investment operations area

Processing proposal amendments in Envestnet

Monitoring Envestnet for alerts and upcoming annual reviews

Client Service

Corresponding with clients to handle advisory related service issues

Formulating advisory product solutions to/for a client or explaining advisory products or advisory performance

Accepting redemptions/withdrawals from clients and communicating instructions to home office

Discussing tax consequences, costs and advisory fees with client

Maintaining daily tickler system for account follow-ups and service requirements

Performing cashiering functions

Running performance reports in Envestnet, Morningstar and NMCIR

Qualifications

Health and Life licensed or gain licensing within 6 months of employment

Financial Service or Insurance industry experience preferred

Associate Financial Representative contract required

Series 6 (or Series 7 for certain products) required and Series 63

Series 65 or 66 required or gain within 6 months of employment

Demonstrated ability to maintain effective working relationships with clients

Excellent oral and written communication skills

Able to practice active listening and communicate in a direct manner

Strong attention to detail with the ability to work with a high degree of accuracy

Ability to manage multiple diverse projects and assignments in a timely and quality manner

Willingness to learn

Ability to embrace change and work in a fast-paced environment

Able to work both independently and on a team

Ability to maintain confidentiality

Must have or obtain one or more of the following insurance designations: CLU, ChFC, CLTC or CFP

Job Tags

Contract work, Home office,

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