Wealth Planner - Portuguese Market

About Utmost International

Utmost International is a leading provider of insurance-based wealth solutions operating across the UK, Europe, Latin America, Asia, and the Middle East. Its solutions are largely based on unit-linked insurance policies, serving the needs of affluent, high net worth (HNW), and ultra-high net worth (UHNW) individuals.

Sitting at the crossroads of private banking, asset management, and insurance, we operate in a well-established and fast-growing division of the financial services industry. Our dynamic international team of 450+ experienced wealth structuring specialists, subject-matter and technical experts consists of 50 different nationalities, speaking over 30 languages.

We are a diverse and inclusive organisation driven by a values-based culture that promotes excellence, ambition, and innovation. We invest in talented teams who develop their expertise, curated through support and training, and fostered through a people centred culture. Our people truly are our greatest asset!

Your role – Are you ready for a challenge?

Based in Portugal, the Wealth Planner will play a key role in the implementation of Utmost Wealth Solutions product and marketing strategy for Portugal as identified in the group business plans under the direction of the Head of Tax & Legal – Portugal/Brazil in Group Technical Services by providing Tax, Legal and Regulatory Support, Product Literature Development and Project Management.

Your responsibilities will be as follows:

• Provide in-house technical expertise on all Portuguese tax, legal & regulatory matters relating to Utmost Wealth Solutions new and existing products.
• Provide practical solutions to the Utmost sales department in relation to structuring new sales to ensure they are compliant and tax efficient.
• Undertake Portuguese tax, legal and regulatory review of the technical content in product marketing materials.
• Ensure Utmost Wealth Solutions Portuguese product offering documentation and technical materials are compliant in Portugal at all times.
• Develop extensive knowledge of Utmost Wealth Solutions products.
• Monitor new Portuguese insurance regulations and tax legislation and analyse how they affect Utmost products.
• Develop, review and negotiate legal documentation to support business development initiatives relating to Utmost Wealth Solutions products that is legally robust and commercially viable.
• Responsible for the development and maintenance of the online multi-jurisdictional tax support portal and related tax materials in conjunction with specialist team members.
• Manage external legal and tax firms where advice is required on Utmost Wealth Solutions products and other department initiatives including negotiation of engagements and negotiation of fees.
• Advise on Portuguese legal issues relating to product launches.
• Contribute to any product or department-related training programmes for the business to ensure staff have the knowledge needed to carry out their roles.

Your profile – Have you got what it takes to become our Wealth Planner?

• Qualified Portuguese tax advisor / solicitor / lawyer or similar with post qualified experience of at least 5 years.
• Fluent in Portuguese and English.
• Experience working in a Portuguese Law firm or Tax firm (Big 4’s would be a preference).
• Experience in Portuguese Personal Income Tax.
• Experience of insurance product material design and support.
• Experience delivering commercially viable tax, legal & regulatory advice.
• Additional experience working within a legal / tax technical role in an Insurance Company or other Financial Services company would be considered an asset.
  
• Additional knowledge of corporate, commercial, securities/funds and insurance law would be considered an asset.
• Additional knowledge of contract law in insurance business/financial services would be considered an asset.
• Strong management skills in terms of managing people, budgets, relationships and planning around tight deadlines.
• A proven ability to build good relationships and contacts with staff, managers and directors.
• High level negotiation & influencing skills.
• Excellent communication skills, both verbal and written, and an ability to translate complex legal issues and advice into more easily understandable language.

As an equal opportunity employer, all qualified applicants will receive consideration for employment without regard to gender, colour, religion, sexual orientation, national origin, disability status, protected veteran status, or any other characteristic protected by law.

Given the sensitive nature of our business, industry sector and the role as described, the selected candidate is required to provide a criminal record (Bulletin n°3 for Luxembourgish residents). This excerpt will be kept by Utmost Luxembourg S.A. in compliance with article 8-5 (2) of the law of 23 July 2016 and for no longer than one month from the conclusion of the employment contract; otherwise, it will be destroyed without any undue delay should the candidate not be hired.

Utmost Luxembourg S.A. is aware of its obligations under the General Data Protection Regulation (GDPR) and is committed to processing your data securely and transparently.

Our Recruitment Privacy Notice is in line with GDPR and provides more information with regards to the types of data that we collect and hold on you as a job applicant, including for the performance of Background Checks.  It also sets out how we use that information, how long we keep it for and other relevant information about your data. For full details please click here Recruitment Privacy Statement

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