Financial Consultant

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Brief Description

PRIMARY FUNCTION :

This position helps design, implement and communicate financial programs for members of our Credit Union. They may confer with partners as well as members in person or over the phone as they assist members for financial security. This position explains the complicated nature of investment, insurance and retirement packages to members / partners in a clear, concise fashion. This position will file and process any documentation in accordance with federal and company regulations. This position will also frequently manage electronic databases and work with complex spreadsheets. Financial plans have many options, so this position is able to explain and design plans that work best for our members' future plans.

ESSENTIAL DUTIES & RESPONSIBILITIES :

This position must effectively carry out the essential duties of this position in a manner that consistently demonstrates the core values of Notre Dame Federal Credit Union in a positive manner. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. The duties identified below are the essential functions of the position and other duties may be assigned.

• Successfully build and maintain client-member bases, keeping current member financial plans up-to-date and recruiting new members on an ongoing basis.
• Contact members periodically to determine if there have been changes in their financial status.
• Devise debt liquidation plans that include payoff priorities and timelines if necessary.
• Clearly explain and accurately document for members the types of services that are to be provided, and the responsibilities to be taken by the personal financial advisor. Also, explain to individuals and groups the details of financial assistance available to college and university students, such as loans, grants, and scholarships.
• Guide members in the gathering of information such as bank account records, income tax returns, life and disability insurance records, pension plan information, and wills. Implement financial planning recommendations, or refer members to someone on the team who can assist them with plan implementation.
• Interview members to determine their current income, expenses, insurance coverage, tax status, financial objectives, risk tolerance, and other information needed to develop a financial plan. Prepare and interpret for members' information such as investment performance reports, financial document summaries, and income projections.
• Monitor financial market trends to ensure that plans are effective, and to identify any necessary updates.
• Recommend strategies members can use to achieve their financial goals and objectives, including specific recommendations in such areas as cash management, insurance coverage, and investment planning. Research and investigate available investment opportunities to determine whether they fit into financial plans.
• Analyze financial information obtained from members to determine strategies for meeting members' financial objectives. Answer members' questions about the purposes and details of financial plans and strategies. Review members' accounts and plans regularly to determine whether life changes, economic changes, or financial performance indicate a need for plan reassessment.
• Sell financial products such as stocks, bonds, mutual funds, and insurance if licensed to do so.
• Conduct seminars and workshops on financial planning topics such as retirement planning, estate planning, and the evaluation of insurance packages.
• Meet with members' other advisors, including attorneys, accountants, trust officers, and investment bankers, to fully understand members' financial goals and circumstances.

SUPERVISORY RESPONSIBILITIES :

None

PERFORMANCE STANDARDS :

Performs function with a minimum of direct supervision while providing direction and counsel to members and partners regarding their financial future. May also include :

Requirements

QUALIFICATION REQUIREMENTS :

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and / or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

EDUCATION AND / OR EXPERIENCE :

LANGUAGE SKILLS :

Ability to read and interpret documents produced by the data processing system, operating and maintenance instructions, and procedure manuals. Ability to write routine reports and correspondence. Ability to read and comprehend rules and regulations that pertain to the areas of responsibility of this department. Ability to speak effectively before groups of managers, partners, or directors of organizations.

MATHEMATICAL SKILLS :

Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, area, circumference, and volume.

REASONING ABILITY :

Ability to apply common sense understanding to carry out instructions furnished in written, oral, or diagram form. Ability to deal with problems involving several concrete variables in standardized situations.

OTHER SKILLS & ABILITIES :

Knowledge of all Credit Union departmental procedures and ability to adjust to conform to policy changes. Ability and willingness to work alone, as well as irregular hours and / or days. Ability to operate a PC (personal computer), including input, output, and inquiry to member accounts and other account information required to assist a member. Ability to operate standard office equipment and tools, such as postage machine, fax machine, telephone, copier and computer printer. Familiar with the differences in products and services offered by the Credit Union and be able to differentiate between these services and those offered by other financial institutions.

PHYSICAL DEMANDS :

The physical demands described here are representative of those that must be met by a partner to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this job, the partner is regularly required to use hands to finger, handle or feel objects, tools, or controls and talk and hear. The partner frequently is required to walk and sit. The partner is occasionally required to stand, reach with hands and arms and stoop, kneel, crouch or crawl. Specific vision abilities required by this job include close vision, peripheral vision, and the ability to adjust focus. The partner must occasionally lift and / or move up to 15 pounds.

MENTAL DEMANDS :

The partner is frequently required to use alertness, precision, resourcefulness, problem solving, numeric, persuasiveness, auditory perception, memory, creativity, concentration, judgment, writing ability, reading ability, reasoning, imagination, initiative, patience, visual perception, comparing and analyzing.

WORK ENVIRONMENT :

The work environment characteristics described here are representative of those a partner encounters while performing the essential functions of this job. The noise level in the work environment is usually quiet to moderate.

REGULATORY COMPLIANCE & CONFIDENTIALITY :

Follows regulatory and policy compliance requirements, which would include those efforts in compliance with Bank Secrecy Act (BSA), Office of Foreign Asset Control (OFAC) and Anti-Money Laundering (AML) Regulations, and other compliance related Policies. Also, this position requires maintaining confidentiality with regard to non-public information about our members and Notre Dame Federal Credit Union.

Summary

Notre Dame Federal Credit Union humbly began in 1941 as a conversation between two professors from the University of Notre Dame. Now, over 75 years later, we have grown into a national, award-winning financial institution serving over 56,000 members worldwide. We consider our partners (employees) to be one of our greatest assets to this success. We strive to make great things happen for our members and partners by changing one life every day. If you share that same passion for making an impact on someone's life, you should apply to join the Notre Dame FCU family.

Seniority level

Seniority level

Entry level

Employment type

Employment type

Full-time

Job function

Job function

Finance and Sales

Industries

Banking

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