Financial Services Associate Job Description

Financial Services Associate Job Description

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Financial services associate provides investment and protection guidance to clients related to their Wealth and Financial needs, including Voluntary Benefits (VB) insurance, savings and retirement income.

Financial Services Associate Duties & Responsibilities

To write an effective financial services associate job description, begin by listing detailed duties, responsibilities and expectations. We have included financial services associate job description templates that you can modify and use.

Sample responsibilities for this position include:

Handles a book of business of small to mid size Non Profit and Private Directors and Officers Liability renewals and new business in Aon’s Financial Services Group
In collaboration with Account Executives, develops strategy for the renewal
Co-ordinates information with Account Executives and underwriter to facilitate renewal process
Negotiates renewal terms
Prepares quotations and renewal reports
Binds coverage and coordinates applicable documentation
Reviews policy documentation (policy, endorsements, insurer binders) to ensure coverage requirements have been met
Processes documentation for mid-term amendments
Reponses to Client and Account Executive questions regarding coverage
Previous event management experience in Financial Services, preferably in asset management

Financial Services Associate Qualifications

Qualifications for a job description may include education, certification, and experience.

Licensing or Certifications for Financial Services Associate

List any licenses or certifications required by the position: CPA, CFF, CFE, CCS, PMP, NCFM, AMFI, CFA, ASA, ABV

Education for Financial Services Associate

Typically a job would require a certain level of education.

Employers hiring for the financial services associate job most commonly would prefer for their future employee to have a relevant degree such as High School and Bachelor's Degree in Accounting, Education, Business, Finance, General Education, Business/Management, Administration, MBA, Communication, Economics

Skills for Financial Services Associate

Desired skills for financial services associate include:

Cash management
Credit
Investment and wealth protection to answer questions and provide information to clients
Eagle/Cerner/Onbase system capabilities to investigate and resolves collection problems
Computers
Payer and regulatory guidelines for medical insurance claims processing and reimbursement
Equipment functionality to perform role
CPT
HCPCS
ICD9/10 codes

Desired experience for financial services associate includes:

Exceptional Tax background (Compliance
2+ years of relevant exeprience
Previous experience with High Net Worth clientele
Strong organizational skills and detail-minded
Minimum of 1 year of work experience at an accounting or valuation firm
Master in Finance or Business Administration is strongly preferred

Financial Services Associate Examples

1

Financial Services Associate Job Description

Job Description Example
Our growing company is looking to fill the role of financial services associate. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for financial services associate
  • Enter and maintain clients’ budget
  • Be responsible for development, implementation, and delivery of application, technical, and business solutions, responding to client requirements as specified in the contract
  • Manage contractual cost, schedule, and service and product deliverables as they relate to the delivery organization
  • Ability to identify opportunities to grow the business and contract profitability
  • Own quality for service provided by the delivery organization and is responsible for tracking and reporting on service level performance
  • Provide support to Real Estate Funds, underlying Real Estate Properties Private Equity Funds, Hedge Funds, Funds of Funds and other clients in the Alternative Investment Industry
  • Developing and constructing complex portfolio analysis for current Advisor clients and prospects
  • Identifying and discussing key findings of portfolio analyses to clients
  • Delivering educational investment related webinars to Advisor clients
  • Answering the Financial Advisor hotline and providing answers and solutions to ad hoc investment questions and related client service
Qualifications for financial services associate
  • Responsive to feedback as a means of workplace improvement and learning
  • Willingness to learn and grow within the department
  • A minimum of 2 years of experience in Corporate Law
  • Member of the NJ bar in good standing
  • At least two years of financial services experience
  • Ability to interact effectively with co-workers, clients, and management
2

Financial Services Associate Job Description

Job Description Example
Our growing company is searching for experienced candidates for the position of financial services associate. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for financial services associate
  • Assisting in the initial development of investment related marketing materials and charts
  • Developing a robust understanding of Advisor business practices
  • Developing a deep understanding of capital market research and application to portfolio management
  • Articulating complex investment principles and capital market research to financial advisors
  • Educating financial advisors on why and how our portfolio solutions are constructed and work the way they do
  • Interacting with advisors on practice management related issues
  • Developing and delivering complex and educational investment presentations to financial advisors
  • Developing and facilitating the production of complex client driven requests among a team of Associates
  • Developing a robust understanding of the advisor industry and related business practices
  • Understand and manage requirements from multiple business owners and facilitate meetings to ease the consolidation to one common corporate set
Qualifications for financial services associate
  • Ability to be extremely detail oriented and highly organized
  • 1-2 years’ experience in the Financial Services Industry (including internships)
  • Intention to pursue outside investment-related education (e.g., MBA, CFA, CFP)
  • Ability to successful pass the Series 7 within the first 120 days of employment in order to interact with clients
  • Four plus years of experience in the Financial Services/Investment industry
  • 3 - 5 years of external auditing within Public Accounting specializing in Financial Services, specifically Funds
3

Financial Services Associate Job Description

Job Description Example
Our company is searching for experienced candidates for the position of financial services associate. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for financial services associate
  • Assist in the development of client communications
  • Transform service transactions into sales opportunities according to customer need
  • Support sales/service activities within the Branch by participating in seminars, marketing events, promotional campaigns, product initiatives
  • Proactively educate customers on utilizing available access channels
  • Resolve customer complaints/issues promptly and effectively
  • Identify, document, and submit all account adjustments as appropriate
  • Planning and Time Utilization – Demonstrates the ability to recognize, establish, and attends to priorities promptly
  • Initiative – Makes appropriate suggestions which would enhance or benefit the area or department
  • Judgment/Decision-Making – Demonstrates the ability to exercise good independent judgment based on the application of the appropriate policy or procedure
  • Data Collection – Prepares the requested data thoroughly and accurately
Qualifications for financial services associate
  • Keeps consultant up to date on relevant trends and challenges in the marketplace with regard to business development activities and general market intelligence
  • The successful candidate will have 3-5 years’ experience in a business environment
  • Identify market trends and researching information effectively through various channels
  • Able to analyze business information and organize multiple points and large amounts of data into concise targeted information summaries
  • Ability to develop strong relationships to build an industry network
  • Personal and business maturity that leads to confident and rational business decisions
4

Financial Services Associate Job Description

Job Description Example
Our growing company is looking for a financial services associate. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for financial services associate
  • Assist to ensure Business Control Compliance for credit risk and invoice to cash functions as required
  • Recordkeeping/Filling – Records and calculates the information accurately according to departmental procedures
  • Documents/Forms – Completes the information correctly and neatly (i.e., adjustments, refunds)
  • Correspondence – Prepares correspondence which is clear, grammatically correct and meets content requirements
  • Pre-Legal/Legal – Verifies payments which have been collected through other channels
  • Collection Activities – Follows up with patients and families to obtain additional insurance information or to arrange payment plan
  • Account Review – Reviews trial balance, HTS, third party vouchers to determine accounts requiring action
  • Billing Services – Submits clear and accurate claims to third party carriers on a timely basis
  • Account Services – Reviews patient folders, registration forms and charge documents to ensure that all information is complete and accurate
  • Analyze and develop financial models and projections with a focus on returns analysis, identifying risk factors, and creating a cohesive business case
Qualifications for financial services associate
  • Can leverage the consultant in his/her search and related client work and is comfortable and competent with client contact
  • Ability to manage a demanding project load, balance multiple tasks and switch gears while maintaining priorities
  • Two years of experience in at least one insurance vertical and deep experience in a core insurance business function such as new business, claim, operations, underwriting, product development, financials, and/or investments
  • Knowledge of insurance functional and technical architectures with an understanding of the end-to-end systems needed to support insurance functions
  • Three years of external management consulting experience focusing on Financial Services at a Big 4 firm, major strategy firm, or a boutique strategy firm
  • Experience in strategic growth, or other relevant strategy experience, including but not limited to business model and technology disruption, digital transformation, Fintech proliferation, customer experience, data and analytics, cost optimization
5

Financial Services Associate Job Description

Job Description Example
Our growing company is searching for experienced candidates for the position of financial services associate. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for financial services associate
  • Perform valuation analysis for projects and companies
  • Prepare and present internal reports for senior level review
  • Oversee all ongoing servicing activities and serve as primary point of contact for commercial financing transactions
  • Manage projects with strict attention to compliance with deal terms and establish, implement and monitor reporting metrics for operations
  • Continuous technical and industry training throughout the Associate Program
  • Develop and execute process improvement projects
  • Code and verify Accounts Payable invoices and submit to Region Financial Services Manager for approval
  • Prepare and submit required reports on a timely basis
  • Continuous education and improvement of skills required to perform job duties
  • Assist advisors in developing understanding of capital market research and application to portfolio management
Qualifications for financial services associate
  • Experience in core banking, commercial lending, and business management processes, systems implementations ie
  • Minimum of three years external Strategy consulting experience focusing on Financial Services at a Big 4 firm, major strategy firm, or a boutique strategy firm
  • While performing the duties of this job, the employee is regularly required to use hands to finger, handle or feel such as using a computer mouse or writing
  • Previous experience auditing clients in the Financial Services space
  • Chartered Financial Analyst (CFA) certification is a plus
  • Experience in medical accounts receivable or collections preferred

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