Job Description

Job Description

Join the Kitsap Bank Family an Associate Financial Advisor

We have the greatest employees in the world. We truly care about each other, our customers, and the communities around us. We only hire the best people, who believe that the customer comes first. As a local, family-owned company, we embrace our family culture and we recognize our responsibility to supporting others.

Summary : The associate financial advisor is responsible for working with a select group of the bank’s clients, including answering incoming requests, preparing for and conducting client review meetings, and researching new products to meet client goals. This position works closely with other staff members to ensure that client requests are answered in the appropriate time frame. This role is expected to provide exceptional service that could result in the addition of new clients to the practice via referrals.

Compensation Structure:

Grade: 18 $57,013 - $85,519

This position may be eligible for quarterly incentive pay and an annual bonus depending on business factors and if the employee meets eligibility criteria.

Essential Functions :

Monitor and maintain client portfolios

• Provide service to the firm’s current C and B clients; additional clients may be identified in future.
• Field calls and conduct review meetings for the group of clients you are working with.
• Delegate follow-up client work to other members of the bank.
• Research new products and services that will enhance client relationships or fulfill clients’ short- and long-term financial needs.
• Identify and clarify client needs.
• Meet with clients to review paperwork; ensure that all required forms are completed accurately.
• Generate reports, such as position statements, for meetings with clients.
• Conduct research on Morningstar® or COMMunity Link®.
• Draft letters as necessary.
• Place trades through Commonwealth trading platform.
• Assist with workflow needs in office:
  • Maintain updated client contact records using CRM software.
  • Print trade confirmations.
  • Follow up on outstanding transactions with Commonwealth (e.g., transfers).
  • Maintain up-to-date and organized client files, including copies of all signed applications and forms, according to Commonwealth’s compliance requirements.
  • Prepare and send outgoing mail.
  • Maintain appropriate turnaround time on incoming items (e.g., 24 hours for checks).

Conduct research

• Read trade journals, books, publications, Commonwealth research publications, and the like.
• Calculate projections.
• Maintain recommended lists of mutual funds, VAs, stocks, and other products.
• Maintain up-to-date information on performance of model portfolios (e.g., through Client 360°®).

Provide client service

• Respond to client inquiries to satisfactorily address their questions and concerns. Works collaboratively with Olympic NW Advisor Investment team members.
• Develops and sustains relationships with other Kitsap Bank team members. When necessary work with centers of influence that the Bank has relationships with to ensure that client needs are met.
• Responds to client questions and concerns.
• Rebalances client portfolios using appropriate tools (e.g., Model Management).

Participate in client review meetings

• Gather client data.
• Assist advisor with asset allocation decisions, portfolio construction, and rebalancing strategies based on client risk/reward objectives.
• During review meetings, analyze clients’ income, expenses, assets, and debt situation (at least annually), updating this information in the database.
• Review clients’ goals and risk profile with the advisor.
• Recommend to the advisor plans and products to help clients achieve goals; identify appropriate investment and insurance solutions.

Additional Responsibilities :

• Must seek continuing education in all aspects of the Financial Services industry.
• Performs other duties as assigned.

Required Education, Experience, and Skills :

• BA or BS in business, finance or similar; advanced degree (CFP®, MBA, CPA) desired
• Minimum of three years of experience in the investment/insurance industry, experience in an advisory role required; experience with National Financial Services a plus
• Knowledge of investment/insurance industry operations and terminology
• FINRA Series 7, 63 and 65 or 66 registrations required
• Proficiency with computer programs, including the Microsoft Office Suite (Word and Excel), CRM, Wealthscape, Advent, and Morningstar
• Excellent people skills, including:
  • Active listening
  • Effective communication
  • Professional, knowledgeable demeanor
• Ability to establish rapport with clients and coworkers
• Sophisticated organizational skills with both physical resources (e.g., files, manuals, papers) and nonphysical resources (e.g., calendars, appointments, events, client contact records, images)
• Attention to detail
• Excellent knowledge of and ability to communicate financial planning concepts and terminology
• Excellent knowledge of and ability to explain products, such as mutual funds, stocks, bonds, insurance, and annuities
• Ability to:
  • Proofread and quality check own work in accordance with firm/Commonwealth criteria
  • Proactively relate internal concerns to president and vice president
  • Identify and solve problems in a timely, efficient, and effective manner
  • Use resources available to answer questions and resolve problems (e.g., COMMunity Link, Operations Manual, office procedures, etc.)
  • Use multiple technology platforms (e.g., CRM system, Wealthscape, etc.)
  • Prioritize workload and meet deadlines
  • Work independently

Physical Requirements :

• Ability to sit at a work station for long periods of time.
• Occasionally must stand and move around the office.
• Ability to travel throughout the system.
• Ability to lift up to 30 lbs.

** Benefits Provided:**

• Medical
• Dental
• Vision
• Flexible Spending Accounts and Health Spending Accounts
• Lifestyle Spending Accounts
• Health Reimbursement Accounts
• Employee Assistance Program
• Company Sponsored Life/AD&D and Long Term Disability
• Voluntary Plans (Accident, Hospital Indemnity, Critical Illness, Short-Term Disability, Cancer Riders, and Life/AD&D Insurance)
• Pet Insurance

Retirement:

• 401k (match 4%) and Profit Sharing

Time Off:

• 15 Vacation Days (prorated for first year)
• 2 Personal Days
• 1 Volunteer Time Off Day
• 11 Holidays
• 1 Sick Day per Month