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Old Mutual PFA
Old Mutual is a trusted financial services provider in South Africa with a long-standing history of helping individuals and businesses achieve financial security. As a financial advisor at Old Mutual, you will play a key role in guiding clients toward achieving their financial goals.
Job Description & Details
Old Mutual provides comprehensive support to its financial advisors, offering training, tools, and resources to help them excel. The role also offers high earning potential and the opportunity to make a meaningful impact on clients’ lives.
Responsibilities of a Financial Advisor at Old Mutual
Providing Personalized Financial Planning Services
- Assessing clients’ financial situations and understanding their goals.
- Developing customized financial plans to meet client needs.
Building and Managing Client Portfolios
- Recommending and selling insurance, investment, and retirement products.
- Monitoring portfolio performance and making adjustments as needed.
Educating Clients About Financial Products
- Explaining the features and benefits of Old Mutual’s offerings.
- Helping clients make informed decisions about their financial futures.
Benefits of Working as a Financial Advisor at Old Mutual
Competitive Earnings with Incentives
Financial advisors earn a base salary with additional commissions and bonuses for meeting or exceeding sales targets.
Training and Development Programs
Old Mutual provides ongoing training to help advisors stay updated on financial products, regulations, and sales techniques.
Flexibility and Growth Opportunities
The role offers flexibility in managing your schedule and potential for career advancement into senior advisory or management positions.
Salary Expectations for Financial Advisors at Old Mutual
Average Salary and Commission Structures
- Base Salary: R15,000–R20,000 per month for entry-level advisors.
- Commission: Additional income from sales, typically ranging between R5,000 and R50,000 per month depending on performance.
- Bonuses: Incentives for achieving sales targets or exceptional performance.
Factors Influencing Earnings
- Experience: Seasoned advisors with established client bases earn higher commissions.
- Client Portfolio: The size and profitability of your client portfolio significantly impact your income.
- Performance: Meeting or exceeding targets leads to higher commissions and bonuses.
Requirements for Financial Advisor Jobs at Old Mutual
Educational and Experience Requirements
- Minimum Education: Matric certificate (Grade 12).
- Preferred Qualifications: A diploma or degree in Finance, Economics, or Business Administration.
- Experience: Sales experience is advantageous, but entry-level positions are available for motivated candidates.
Key Skills and Attributes Needed
- Sales and Communication Skills: Ability to build relationships and clearly explain financial concepts.
- Analytical Thinking: Assessing clients’ needs and creating effective financial plans.
- Customer-Centric Approach: Focusing on providing value and building trust with clients.
- Resilience and Persistence: Staying motivated in a competitive, target-driven environment.
How to Apply for Financial Advisor Jobs at Old Mutual
Searching for Job Opportunities
- Visit the Old Mutual Careers Page to find financial advisor job openings.
Preparing Your Application (CV and Supporting Documents)
- CV: Highlight your sales experience, communication skills, and any financial certifications.
- Supporting Documents: Include certified copies of your Matric certificate and any additional qualifications.
The Hiring Process
- Application Submission: Submit your application via the Old Mutual careers portal or designated platform.
- Initial Screening: Applications are reviewed for qualifications and suitability.
- Interviews and Assessments: Prepare for interviews that assess your communication skills, sales aptitude, and understanding of financial products.
- Job Offer: Successful candidates receive an offer detailing the salary structure, commission, and benefits.