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First American Bank · 1 month ago

Associate Advisor

Elk Grove Village, IL - 1650 Louis Ave

Full-time

Onsite

Mid Level

$100K/yr - $110K/yr

3+ years exp

First American Bank is a community bank with international expertise, traditional values, and a forward-looking philosophy. The Associate Advisor will manage, service, and grow relationships within an existing portfolio of wealth management clients while partnering with Advisors to support business development activities and manage client accounts.

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Responsibilities

Act as primary advisor and key consultant to a portfolio of clients using an advisory approach

Partner with Senior Advisors to analyze investment opportunities and client needs and recommend appropriate strategies

Independently researches and analyzes third party reports and data to assess, determine, and identify various market conditions, tax-reduction strategies, estate planning, asset allocation, etc

Prepares detailed presentations and meeting materials for existing and prospective clients

Independently assesses the client’s financial situation and provides individualized recommendations, including financial projections, asset allocations, and regulatory/tax risks

Provides guidance to Bank’s Wealth Management Advisors and Support teams to identify issues and recommend alternatives for ongoing processes

Work with Bank partners to assure timely resolution of service or account related issues

Responsible for the client experience including negotiating, problem resolution, and setting expectations to meet both client needs and bank objectives as it relates to deposits, transfers, distributions, reporting, and address changes on Wealth Management and Bank systems

Responsible for reviewing and approving documentation provided to First American Bank as authorization to act on client transaction requests

Must exercise judgement with respect to required documentation for specific transactions and evaluate First American Bank’s ability to act upon a request, including opening/closing client accounts and the asset transfer process to and from other organizations

Exhibit and apply strong risk management and compliance with all policies and procedures including pro-active notification to Advisors and senior management

Maintain documentation of all client interaction in CRM and all electronic imaged files in the bank’s document management system

Conduct and complete additional assignments/projects as designated by management

Qualification

Wealth management experienceFinancial planningCFPCFA designationMicrosoft 365 proficiencyCRM experienceProfessional communicationOrganizational skillsTime managementInterpersonal skills

Required

Bachelor's degree required

Minimum of three years of experience within wealth management, financial planning, financial services, or related field required

Must have strong organizational and time management skills and a commitment to accuracy

Must be professional, comfortable speaking with external and internal contacts with a demonstrated ability to tailor the message appropriately to the audience and situation effectively

Demonstrated ability to convey thoughts and ideas effectively and succinctly via written formats, including emails, letters, and electronic platforms. Maintain professional standards relating to spelling and grammar

Maintain credibility through professional demeanor, appearance, and presence by modeling standards appropriate to our environment and industry

Maintain good working relationships with internal partners by exhibiting exemplary interpersonal skills, adopting a constructive, solutions-focused approach

Use sound professional judgment to balance the interests of the organization and customer, understanding and using available resources to mitigate risks

Proficiency with Microsoft 365 products, CRM, and wealth management and bank accounting systems, including the ability to effectively prepare or review documents, procedures, and reports

Demonstrated ability to learn new systems and applications, as well as the ability to understand, adapt and adjust responsibilities/workflows as a result of system upgrades

Occasional travel to various locations throughout the Chicago metro area required

Typical schedule is Monday through Friday 8:00 a.m. to 5:00 p.m. Additional hours may be required depending upon business need

Punctuality is required to maintain First American Bank's customer service standards