Financial Coach - Training provided, remote working

  • Job Reference: FC-AUG-MCR
  • Date Posted: 13 July 2021
  • Recruiter: Octopus MoneyCoach
  • Website: https://octopusmoneycoach.com
  • Location: Manchester
  • Remote Working: 100% remote working possible
  • Salary: £25,000 to £30,000
  • Sector: Accounting, Consulting & Corporate Strategy, Education, Audit, Data and Analytics
  • Job Type: Remote
  • Work Hours: Full Time

Job Description

Are you looking for a more meaningful career? Do you want to have a life-changing impact on people across the UK? Are you passionate about helping others learn and achieve their goals?

Financial coaching is one of the most rewarding and flexible ways to further your career, by helping people achieve financial peace of mind.

Octopus MoneyCoach is the UK’s leading provider of financial coaching and we’re  looking for inspiring individuals to join our 6-week training program to get certified as a self-employed financial coach and join our team.

We are part of the entrepreneurial Octopus Group, and sister company of Octopus Energy. We are on a mission to transform a million lives, we have helped thousands of people on their financial journey and we hope you can play a role in helping thousands more!

 

What is financial coaching?

Financial coaches help people explore their life goals, and show them how affordable they could be if they managed their money more effectively. After completing our bespoke training and mentorship programme, Coaches make personal financial topics simple, engaging and exciting.

Whether it’s budgeting, savings, investments, pensions, mortgages or life insurance, you can help and empower people to tackle their personal finances in the same way a personal trainer encourages their clients to hit their physical goals.

Coaches don’t recommend products nor rely on hidden commissions. They simply get paid for their time, ensuring that the interests of you and your clients are always aligned.

Like all forms of coaching, financial coaching is not a regulated activity. However, we are committed to helping coaches to provide their services  professionally and to the highest standard.

 

How will I work?

As an Octopus MoneyCoach financial coach you will work from home, helping clients mainly via phone and video chat (including screen share).

You’ll build your bank of clients from within your own community and existing personal and professional networks. In addition, you can choose to receive bookings from employees at companies where Octopus MoneyCoach is offered as an employee benefit – including Sony, Experian and MoneySuperMarket, just to name a few

Your hours and earnings will depend on your availability, your success helping your clients achieve their goals, and the level of demand you and Octopus MoneyCoach can generate.

What training do you offer?

We offer a comprehensive training, mentoring, and development programme. The training programme requires 40 - 80 hours, depending on experience. It is fully remote  and typically takes 6 weeks.

The training is a combination of online learning (all things personal finance!), and practical coaching training.

If accepted onto the training programme you will be assigned a mentor who will guide you through the programme, ensuring you learn all the necessary financial information and soft coaching skills to set you up for success from the start.

 

REQUIREMENTS

You don't need to be a financial whizz to apply to be a financial coach. We will teach you everything you need to know about personal finance - from pensions and investments, to mortgages and insurance, and anything else.

However, you do need to have an inquisitive mind, you should be comfortable with numbers and have an interest in personal finance, and an exceptional desire to make a positive difference to peoples' lives.

You will have:

  • A deep desire to make a difference to hundreds of lives, perhaps evidenced through voluntary work

  • At least 2+ years experience in professional roles

  • Exceptional empathy and influencing skills

  • Familiarity with investing, pensions and mortgages - or at least a strong interest in learning

  • Comfortable building relationships through any media - phone, email, video chat or face to face

  • The ability to work under your own initiative, and as part of a team

  • Excellent time management, organisation and attention to detail

  • Either degree level educated, qualified through financial bodies (CeMAP, ICA etc) or equivalent experience demonstrating an ability to understand complex ideas

You must be able to work from home in a quiet environment, with good webcam, phone and internet access.

What’s in it for me?

Financial coaching allows you to develop and use a wide set of skills to change lives for the better, all the while working remotely and flexibly as your own boss.

As an experienced accredited financial coach you’ll have many possible future career paths - either with Octopus or elsewhere in the financial services industry. You might focus on building your coaching business, or you could transition to leadership and mentorship roles with Octopus. If you’d like to become a fully fledged financial adviser down the line, your experience working with clients would be an invaluable asset. 

You will earn an annual fee for each client you take on. Successful coaches earn around £46k p.a, after they have built up their client base.

You will be paid monthly through your own limited company or as a sole trader. Currently, average earnings for a year 1 coach working 30+ hours per week is approx. £25,000 to £30,000. Year 2 average is £30,000 to £40,000.

In addition, we’re looking to introduce additional opportunities for coaches to increase their earnings in the near future.

Application deadline: 23/07/2021

Expected start date: 10/08/2021

If this start date isn't suitable, please still register your interest. We have intakes of trainee coaches every month.