Profession financial planner

Financial planners assist people dealing with various personal financial issues. They are specialised in financial planning, such as retirement planning, investment planning, risk management and insurance planning, and tax planning. They advise a strategy tailored to the client's needs. They ensure the accuracy of bank and other financial records while maintaining a customer-orientated approach and following ethical standards.

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Personality Type

• Enterprising / Conventional

Knowledge

• Customer service

  Processes and principles related to the customer, client, service user and to personal services; these may include procedures to evaluate customer's or service user's satisfaction.

• Financial forecasting

  The tool used in performing fiscal financial management to identify revenue trends and estimated financial conditions.

• Financial markets

  The financial infrastructure which permits trading securities offered by companies and individuals govern by regulatory financial frameworks.

• Economics

  Economic principles and practices, financial and commodity markets, banking and the analysis of financial data.

• Modern portfolio theory

  The theory of finance that attempts to either maximise the profit of an investment equivalent to the risk taken or to reduce the risk for the expected profit of an investment by judiciously choosing the right combination of financial products.

• Banking activities

  The broad and continuously growing banking activities and financial products managed by banks ranging from personal banking, corporate banking, investment banking, private banking, up to insurance, foreign exchange trading, commodity trading, trading in equities, futures and options trading.

• Investment analysis

  The methods and tools for analysis of an investment compared to its potential return. Identification and calculation of profitability ratio and financial indicators in relation to associated risks to guide decision on investment.

Skills

• Review investment portfolios

  Meet with clients to review or update an investment portfolio and provide financial advice on investments.

• Handle financial transactions

  Administer currencies, financial exchange activities, deposits as well as company and voucher payments. Prepare and manage guest accounts and take payments by cash, credit card and debit card.

• Budget for financial needs

  Observe the status and availability of funds for the smooth running of projects or operations in order to foresee and estimate the quantity of future financial resources.

• Assess risks of clients' assets

  Identify, evaluate and determine the actual and potential risks of your clients’ assets, considering confidentiality standards.

• Maintain credit history of clients

  Create and maintain the credit history of clients with relevant transactions, supporting documents, and details of their financial activities. Keep these documents updated in case of analysis and disclosure.

• Synthesise financial information

  Collect, revise and put together financial information coming from different sources or departments in order to create a document with unified financial accounts or plans.

• Interpret financial statements

  Read, understand, and interpret the key lines and indicators in financial statements. Extract the most important information from financial statements depending on the needs and integrate this information in the development of the department's plans.

• Provide support in financial calculation

  Provide colleagues, clients or other parties with financial support for complex files or calculations.

• Analyse the credit history of potential customers

  Analyse the payment capacity and credit history of potential customers or business partners.

• Identify customer's needs

  Use appropriate questions and active listening in order to identify customer expectations, desires and requirements according to product and services.

• Offer financial services

  Provide a broad range of financial services to clients such as assistance with financial products, financial planning, insurances, money and investment management.

• Apply technical communication skills

  Explain technical details to non-technical customers, stakeholders, or any other interested parties in a clear and concise manner.

• Obtain financial information

  Gather information on securities, market conditions, governmental regulations and the financial situation, goals and needs of clients or companies.

• Provide financial product information

  Give the customer or client information about financial products, the financial market, insurances, loans or other types of financial data.

• Advise on financial matters

  Consult, advise, and propose solutions with regards to financial management such as acquiring new assets, incurring in investments, and tax efficiency methods.

• Create a financial plan

  Develop a financial plan according to financial and client regulations, including an investor profile, financial advice, and negotiation and transaction plans.

Optional knowledge and skills

Source: Sisyphus ODB