What are the responsibilities and job description for the Wealth Planning Analyst II position at Fifth Third Bank?
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General Function
The WP Analyst II partners with WMAs to deliver Fifth Third’s discovery experience to prospects and clients with a general focus on clients in the $2 to $10 million investable asset segment. Focus in this process is documenting an effective level of understanding of the family’s current financial situation across all disciplines and collaboratively developing a Wealth Strategy analysis. Remains engaged with the Private Bank team and may meet with clients and prospects in onboarding into Life360 and developing analyses.
Should the prospect or client Wealth Strategy conclude that Fifth Third will play a material role in developing and implementing their Wealth Plan, the Analyst will be responsible to produce deliverables in support of that effort.
May support the Life 360 software tools in all aspects for the Enterprise by supporting FTS and Preferred licensed users in servicing clients with under $2 million investable assets.
Responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns, and personally following policies and procedures as defined. Accountable for always doing the right thing for customers and colleagues and ensuring that actions and behaviors drive a positive customer experience. While operating within the Bank's risk appetite, achieves results by consistently identifying, assessing, managing, monitoring, and reporting risks of all types.
This position reports directly to the Director, Wealth Planning Analyst Team Lead.
Essential Duties And Responsibilities
Supporting the Prospect and Client Experience:
Our benefits programs are designed to support the health, happiness, and financial well-being of our employees and their families. Your benefits will include access to comprehensive
medical, dental, and vision coverage, a 401(k) plan and employee stock purchase plan that both offer a generous employer match, flexible paid time off, comprehensive leave programs, and
unique benefits to support your overall mental and physical wellness. For additional details, please contact your recruiter.
Compensation
The base salary for this position is reflective of the range of salary levels for all roles within this pay grade across the U.S. Individual salaries within this range will vary based on factors such as
geographic location, specific position requirements and individual skills, experience, and education. In addition to the base salary, this role is eligible to participate in an incentive
compensation plan, with any such payment based upon company, line of business and/or individual performance.
Wealth Planning Analyst II
Total Base Pay Range 60,100.00 - 123,200.00 USD Annual
LOCATION -- Raleigh, North Carolina 27609
Fifth Third Bank, National Association is proud to have an engaged and inclusive culture and to promote and ensure equal employment opportunity in all employment decisions regardless of race, color, gender, national origin, religion, age, disability, sexual orientation, gender identity, military status, veteran status or any other legally protected status.
We connect great people to great opportunities. Are you ready to take the next step? Discover a career in banking at Fifth Third Bank.
General Function
The WP Analyst II partners with WMAs to deliver Fifth Third’s discovery experience to prospects and clients with a general focus on clients in the $2 to $10 million investable asset segment. Focus in this process is documenting an effective level of understanding of the family’s current financial situation across all disciplines and collaboratively developing a Wealth Strategy analysis. Remains engaged with the Private Bank team and may meet with clients and prospects in onboarding into Life360 and developing analyses.
Should the prospect or client Wealth Strategy conclude that Fifth Third will play a material role in developing and implementing their Wealth Plan, the Analyst will be responsible to produce deliverables in support of that effort.
May support the Life 360 software tools in all aspects for the Enterprise by supporting FTS and Preferred licensed users in servicing clients with under $2 million investable assets.
Responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns, and personally following policies and procedures as defined. Accountable for always doing the right thing for customers and colleagues and ensuring that actions and behaviors drive a positive customer experience. While operating within the Bank's risk appetite, achieves results by consistently identifying, assessing, managing, monitoring, and reporting risks of all types.
This position reports directly to the Director, Wealth Planning Analyst Team Lead.
Essential Duties And Responsibilities
Supporting the Prospect and Client Experience:
- Work closely with prospects, clients, and the client service teams to produce key current state analyses (Net Worth Statements, Current Cash Flow, Tax, etc.) based upon the clients’/prospect’s priorities, goals and objectives.
- Understand and memorialize the entirety of the client’s and prospects current financial structure (estate & wealth transfer, family tree, business entity, etc.) by leveraging Life360 and other tools as identified.
- Memorialize and help to maintain, in collaboration with the Private Bank team, a Wealth Strategy for each client and prospect. This represents the team’s best thinking as to the steps the client or prospect should take, based on our discovery experience, to make progress to their goals.
- When necessary, assist in the onboarding of clients into the Life360 planning system
- Identifies missing information and notifies the team, coordinating a timely production process
- Identifies issues and planning opportunities for review and discussion with the team.
- Responsible for the development of a more comprehensive analysis through the development, delivery and implementation of advanced planning techniques: (estate, tax, insurance, option, investment, retirement).
- Conducts research related to various advanced planning techniques and strategies (tax, estate, etc.) under consideration by clients and develops financial modeling and flowcharts to demonstrate the economic impact of the strategies.
- May participate in the delivery of Wealth Planning Experiences to clients and their advisors and assist in responding to their questions.
- Coaches and counsels other Analysts on financial planning strategies via formal training or as part of their day to day interactions.
- May assist with development and presentation of training programs.
- Must be able to converse with clients, their advisors, and Private Bank team members convincingly.
- Develop and apply detailed and complex knowledge of advanced planning techniques and relevant legislative, regulatory, and case law changes.
- Participates actively in community affairs and professional associations to deepen knowledge of trends, practices, and relations.
- Displays the ability to be highly effective in a team-oriented environment and to build relationships based on added value, not title or authority.
- Participates in the ongoing development of the wealth planning process.
- Adherence to all aspects of oversight, risk and compliance as it relates to following policy, process and procedure.
- Performs administrative duties as needed.
- Bachelor's degree
- Minimum 2 years of related work experience.
- CFP or enrollment / completion of course of study work towards CFP certification or educational background that will qualify in siting for the CFP exam
- Technical competence and skills relating to personal financial planning (retirement, college and tax planning, etc.)
- Computer software and related technical skills including Microsoft Office Suite
- Advanced listening, written, and oral communication skills
- Ability to handle multiple tasks and work well under pressure
- Effective time management
- Knowledge of financial planning programs (eMoney Advisor or comparable planning software systems)
- Knowledge of Private Banking, Brokerage, Insurance and/or Trust
- Graduate degree in business, financial services, accounting, law, or other related discipline
Our benefits programs are designed to support the health, happiness, and financial well-being of our employees and their families. Your benefits will include access to comprehensive
medical, dental, and vision coverage, a 401(k) plan and employee stock purchase plan that both offer a generous employer match, flexible paid time off, comprehensive leave programs, and
unique benefits to support your overall mental and physical wellness. For additional details, please contact your recruiter.
Compensation
The base salary for this position is reflective of the range of salary levels for all roles within this pay grade across the U.S. Individual salaries within this range will vary based on factors such as
geographic location, specific position requirements and individual skills, experience, and education. In addition to the base salary, this role is eligible to participate in an incentive
compensation plan, with any such payment based upon company, line of business and/or individual performance.
Wealth Planning Analyst II
Total Base Pay Range 60,100.00 - 123,200.00 USD Annual
LOCATION -- Raleigh, North Carolina 27609
Fifth Third Bank, National Association is proud to have an engaged and inclusive culture and to promote and ensure equal employment opportunity in all employment decisions regardless of race, color, gender, national origin, religion, age, disability, sexual orientation, gender identity, military status, veteran status or any other legally protected status.
Salary : $60,100 - $123,200
