Summary : Covenant Partners is a multi-family boutique wealth management firm working with high-net-worth families. The person in this position is responsible for coordinating, compiling, and analyzing all the personal financial information of a select number of Covenant Partners’ clients. These reports will be used by the Advisors in “Client Meetings” to support their recommendations to clients for ability to meet long-term financial goals. These reports include but are not limited to a future spending plan, cash flow analysis, Balance Sheet, College savings and future investment actions or fund allocations, etc. This person, as directed by the Advisors, will also facilitate the accurate and timely completion of post-meeting action items by various team members
I. Primary Tasks
Reporting
· Compiling, maintaining, analyzing, and preparing reports of historical information (complete financial
information) for assigned CP clients. Reports include Meeting Agenda, Income & Expenses, Budget, Balance Sheet, College Savings Analysis, Retirement Analysis, Cash Flow, Salary or Income Forecasting, P&L (for client side-business or private foundation entities), and other standard reports.
· For specific client situations, responsible for developing new and/or unique reports to inform a decision-making process (i.e. house or car purchase, timing of retirement, etc.).
Analysis
· Look for the “story” in the numbers and analyze the client’s situation relative to their goals and make
comments or suggestions to Advisors.
· Review cash flow for assigned fiscal clients and use historical financial information to project
future cash needs, which could include a detailed analysis of year-to-year spending by a client for specific budget items.
· Review the client’s cash reserve allocation in collaboration with the Fiscal Planning Manager and Investment Team to ensure the appropriate amount is held within a money market fund.
· Review pension, annuity, and social security benefits to verify client’s options and to determine the
withdrawal timing that is appropriate for a client’s overall financial plan.
Client Meetings
· Compile all the financial data relative to a client and create reports that outline the complete financial
position of a specific client whether an individual or business. The reports that make up the “client presentation packet” must be accurate, detailed, and complete. It is important to maintain the report templates and adjust as needed/requested.
· Coordinate the collection of investment, insurance, and other reports, as well as documents for the client to sign from various team members to add to the meeting presentation.
· Facilitate with all team members any follow-up tasks from the client meetings as provided by the
Advisors post-meeting.
· Maintain template reports and meeting agenda.
Correspondence
· Compile, compose, and provide a final edit of a post-meeting follow up letter, summarizing all material topics of discussion, recommendations, and action plans.
· Emails to and from clients regarding updates on overall financial plan, cash flow planning, tax situation, etc.
· Maintain the Meeting Template Letters.
Qualifications/Requirements:
· A Bachelor’s degree in Accounting or Finance preferred
· CPA desired but not required
· High level of proficiency in the use of Excel
· Proficiency in Microsoft Office 365 and word processing programs (Word, Outlook, PDF)
· Working knowledge of Quicken, QuickBooks, or like software preferred
· Significant organizational and time management skills
· High level of attention to detail
· Excellent customer service skills and interpersonal/communication skills
· Possess strong written and verbal communication skills
· Maturity, professionalism, and high level of discretion is required
· Strong problem-solving ability with confident decision making
· The ability to set priorities and follow through with the implementation of them
· Proactive and reliable
· Professional in appearance and conduct