Job Overview:
I. PURPOSE
The Wealth Coach (WC) is crucial to the financial advancement of our members. This position is a differentiator. The WC is our primary resource for moving our members from consumers to savers, then to borrowers who acquire assets, and continuing on as owners of assets/wealth builders, and finally as wealth transferers. The WC will coach our members starting from where they are in the financial value chain. Using the tools of financial education and behavior-change coaching, the WC will assist members in moving to the end-goal of generational wealth creation. Note, generational wealth is more than money, and not necessarily riches. It includes the successful transfer of habits, knowledge, skills, values, and assets to the next generation.
Responsibilities:
-II. KEY FUNCTION
A Wealth Coach requires excellent judgement and must exercise professional discretion to accurately assess each client’s unique situation and effectively develop personalized plans of action to help members manage counterproductive emotions about money and help develop a positive relationship with money to meet their financial goals. These plans include concrete recommendations for debt reduction, credit improvement, money management, use of financial services, asset protection and the pursuit of short- and long-term goals.
-I. DUTIES AND RESPONSIBILITIES
Primary Responsibilities
1. – obtain or create tools that will provide a snapshot of where each member is along the financial path and obtain their financial goals. Provide training to WeDevelopment staff in use of financial assessment tools.
2. – create a system for scheduling and delivering financial education and behavior-change coaching for members. Start with a pilot program and scale to meet the demand. Provide training to WeDevelopment on financial education and behavior-change coaching.
3. – survey member interest and then provide financial education in group sessions.
4. – create or obtain systems to measure outcomes and progress (Key Performance Indicators) for individual coaching sessions and group training activities.
5. – meet with organizations, business partners and churches to inform them of WDFCU features and benefits with a goal of growing our membership.
6. – build relationship with organizations that provide financial literacy products and/or services that can benefit our members.
7. – assist with grant applications for funding of financial literacy and payday lending alternative services.
Secondary Responsibilities
1. Support credit union staff as directed by the CEO.
Job Type: Full-time
Pay: $21.00 - $23.00 per hour
Expected hours: 40 per week
Benefits:
- 401(k)
- Health insurance
- Life insurance
- Paid time off
Weekly schedule:
- Monday to Friday
- Weekends as needed
Work setting:
- In-person
- In the field
- Office
Application Question(s):
- How many years of experience do you have in personal finance training?
Education:
Experience:
- Financial concepts: 1 year (Required)
License/Certification:
- Certification Personal Finance (Required)
Security clearance:
Ability to Commute:
- Kansas City, MO 64128 (Required)
Ability to Relocate:
- Kansas City, MO 64128: Relocate before starting work (Required)
Work Location: In person