A superannuation consultant serves as the advocate or representative for customers in a financial institution. He or she is the main connection between dealer groups and advisers when it comes to superannuation, insurance, and taxation concerns. Superannuation consultant jobs are commonly found in insurance and financial planning companies. As with other financial planning, insurance, and superannuation jobs, many consultants choose to work independently on the side to increase their earning potential. The work is usually full-time and requires moderate travel, mostly for meeting with current and potential clients.
The average pay for a superannuation consultant is $64,700 per year. This assumes full-time work for a midsize company; some consultants earn a lot more from independent consultancy work. Experience and specialization can also have a positive effect on your income potential.
Job description
Superannuation consultants can perform a wide range of tasks, from basic office and administrative work to high-level financial analysis. It's important to have good organizational skills, since deadlines often overlap and urgent work is not uncommon. Here are some things you can expect on the job:
- Receiving and responding to client calls, answering basic inquiries, and showing them to the right department if needed
- Monitoring client communications to make sure all requests are promptly addressed
- Assisting advisors and other professionals in process improvement, planning, and other activities to improve customer service
- Analyzing a client's financial situation and preferences, and drawing up a shortlist of options based on the information
- Keeping and updating client profiles, including their contact information and latest requests/inquiries
- Working with a team of other consultants to make sure the company's services are still up to industry standards
- Staying updated on government and industry regulations, and adapting the company operations to comply
Qualifications
The minimum requirement for superannuation consultant jobs is a bachelor degree in a relevant field, such as business, finance, accounting, or economics. Employers may also set additional qualifications based on the specific job demands; the most common requirements are experience (most companies look for at least one year of work in financial planning, insurance, and superannuation jobs) and relevant trainings or seminars. Further education is usually optional for entry, but may be helpful or even required for promotions and salary raises.
