Personal Finance Advisor

Above average salary

Bright outlook

Extensive training needed

What they do:

Advise clients on financial plans using knowledge of tax and investment strategies, securities, insurance, pension plans, and real estate. Duties include assessing clients' assets, liabilities, cash flow, insurance coverage, tax status, and financial objectives. May also buy and sell financial assets for clients.

On the job, you would:

Interview clients to determine their current income, expenses, insurance coverage, tax status, financial objectives, risk tolerance, or other information needed to develop a financial plan.
Analyze financial information obtained from clients to determine strategies for meeting clients' financial objectives.
Answer clients' questions about the purposes and details of financial plans and strategies.
Review clients' accounts and plans regularly to determine whether life changes, economic changes, environmental concerns, or financial performance indicate a need for plan reassessment.
Manage client portfolios, keeping client plans up-to-date.
Recommend to clients strategies in cash management, insurance coverage, investment planning, or other areas to help them achieve their financial goals.

This role is designated under the Saudization scheme, meaning it is prioritised for Saudi nationals. Only Saudi citizens are eligible to apply for these positions as part of the national effort to strengthen local employment opportunities.

Knowledge

Business and Management

Administration and Management
Administrative
Economics and Accounting
Sales and Marketing
Customer and Personal Service
Personnel and Human Resources

Manufacturing and Production

Production and Processing

Engineering and Technology

Computers and Electronics
Engineering and Technology

Mathematics and Science

Mathematics
Psychology
Sociology and Anthropology

Health Services

Therapy and Counseling

Knowledge

Education and Training

Arts and Humanities

English Language

Law and Public Safety

Law and Government

Communications

Telecommunications
Communications and Media

Skills

Content

Reading Comprehension
Active Listening
Writing
Speaking
Mathematics
Science

Process

Critical Thinking
Active Learning
Learning Strategies
Monitoring

Social Skills

Social Perceptiveness
Coordination
Persuasion
Negotiation
Instructing
Service Orientation

Complex Problem Solving Skills

Complex Problem Solving

Technical Skills

Operations Analysis
Technology Design
Equipment Selection
Installation
Programming
Operations Monitoring
Operation and Control
Equipment Maintenance
Troubleshooting
Repairing
Quality Control Analysis

Systems Skills

Judgment and Decision Making
Systems Analysis
Systems Evaluation

Resource Management Skills

Time Management
Management of Financial Resources
Management of Material Resources
Management of Personnel Resources

Abilities

Verbal Abilities

Oral Comprehension
Written Comprehension
Oral Expression
Written Expression

Idea Generation and Reasoning Abilities

Fluency of Ideas
Originality
Problem Sensitivity
Deductive Reasoning
Inductive Reasoning
Information Ordering
Category Flexibility

Quantitative Abilities

Mathematical Reasoning
Number Facility

Memory

Memorization

Perceptual Abilities

Speed of Closure
Flexibility of Closure
Perceptual Speed

Spatial Abilities

Visualization

Attentiveness

Selective Attention
Time Sharing

Reaction Time and Speed Abilities

Wrist-Finger Speed

Physical Strength Abilities

Trunk Strength

Visual Abilities

Near Vision
Far Vision
Visual Color Discrimination

Auditory and Speech Abilities

Hearing Sensitivity
Auditory Attention
Speech Recognition
Speech Clarity

Salary

New workersAverageExperienced

SAR
187,463/yr

SAR
0/yr

SAR
897,000/yr

New workers start around SAR 187,463. Normal pay is SAR 383,025 per year. Highly experienced workers can earn up to SAR 897,000.

Training for this role

Job Zone Four: Considerable Preparation Needed

ExperienceOver 1 year, up to and including 2 years

Training

On-siteUp to and including 1 month
On-the-jobOver 6 months, up to and including 1 year

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What they do:

On the job, you would:

Interview clients to determine their current income, expenses, insurance coverage, tax status, financial objectives, risk tolerance, or other information needed to develop a financial plan.
Analyze financial information obtained from clients to determine strategies for meeting clients' financial objectives.
Answer clients' questions about the purposes and details of financial plans and strategies.
Review clients' accounts and plans regularly to determine whether life changes, economic changes, environmental concerns, or financial performance indicate a need for plan reassessment.
Manage client portfolios, keeping client plans up-to-date.
Recommend to clients strategies in cash management, insurance coverage, investment planning, or other areas to help them achieve their financial goals.

Knowledge

Business and Management

Administration and Management
Administrative
Economics and Accounting
Sales and Marketing
Customer and Personal Service
Personnel and Human Resources

Manufacturing and Production

Production and Processing

Engineering and Technology

Computers and Electronics
Engineering and Technology

Mathematics and Science

Mathematics
Psychology
Sociology and Anthropology

Health Services

Therapy and Counseling

Knowledge

Education and Training

Arts and Humanities

English Language

Law and Public Safety

Law and Government

Communications

Telecommunications
Communications and Media

Skills

Content

Reading Comprehension
Active Listening
Writing
Speaking
Mathematics
Science

Process

Critical Thinking
Active Learning
Learning Strategies
Monitoring

Social Skills

Social Perceptiveness
Coordination
Persuasion
Negotiation
Instructing
Service Orientation

Complex Problem Solving Skills

Complex Problem Solving

Technical Skills

Operations Analysis
Technology Design
Equipment Selection
Installation
Programming
Operations Monitoring
Operation and Control
Equipment Maintenance
Troubleshooting
Repairing
Quality Control Analysis

Systems Skills

Judgment and Decision Making
Systems Analysis
Systems Evaluation

Resource Management Skills

Time Management
Management of Financial Resources
Management of Material Resources
Management of Personnel Resources

Abilities

Verbal Abilities

Oral Comprehension
Written Comprehension
Oral Expression
Written Expression

Idea Generation and Reasoning Abilities

Fluency of Ideas
Originality
Problem Sensitivity
Deductive Reasoning
Inductive Reasoning
Information Ordering
Category Flexibility

Quantitative Abilities

Mathematical Reasoning
Number Facility

Memory

Memorization

Perceptual Abilities

Speed of Closure
Flexibility of Closure
Perceptual Speed

Spatial Abilities

Visualization

Attentiveness

Selective Attention
Time Sharing

Reaction Time and Speed Abilities

Wrist-Finger Speed

Physical Strength Abilities

Trunk Strength

Visual Abilities

Near Vision
Far Vision
Visual Color Discrimination

Auditory and Speech Abilities

Hearing Sensitivity
Auditory Attention
Speech Recognition
Speech Clarity

Salary

New workersAverageExperienced

SAR
187,463/yr

SAR
0/yr

SAR
897,000/yr

New workers start around SAR 187,463. Normal pay is SAR 383,025 per year. Highly experienced workers can earn up to SAR 897,000.

Training for this role

Job Zone Four: Considerable Preparation Needed

ExperienceOver 1 year, up to and including 2 years

Training

On-siteUp to and including 1 month
On-the-jobOver 6 months, up to and including 1 year

Find an institution

Take our personality quiz to find out which jobs match to your personality.

Personalise your results