What are the responsibilities and job description for the Transaction Advisor - Employee Benefits position at Lockton, Inc.?
Job Summary :
The Transaction Advisory Practice (TAP) provides consultative property & casualty insurance and employee benefits due diligence advisory services to the private equity community and Lockton’s existing client base. This team of experienced professionals provides a comprehensive assessment of the financial impact of insurance and employee benefits on a potential acquisition from both a purchase price and ongoing operational perspective.
As an employee benefits Transaction Advisor, you will work in tandem with Analysts and Lockton service teams while responsible for managing the employee benefits due diligence process for our private equity and corporate clients; gaining a thorough understanding of the structure of each transaction and identifying potentially deal-impactful issues arising from the target entity’s employee benefits program within the context of the deal terms and conditions.
Responsibilities
Responsible for managing the employee benefits due diligence process for our private equity and corporate clients, including :
Assist in all facets of electronic and paper data collection processes with organization of documents for analysis.
Populate and / or create financial spreadsheets and illustrations based upon data financial analysis.
Review documents and agreements such as policies, summary plan descriptions, employee census, claims experience reports, compliance tests, and other related materials.
Maintain and update data request lists on an as needed basis.
Coordinating internal & external resources as required for larger, more complex transactions.
Accurately track and record project updates on an as needed basis.
Responsible for delivering and communicating transactional deal issues as they arise, and our final written findings to the client.
Responsible for liaising with Lockton service teams and the client on the transition of new business to Lockton.
Assist in the training & development of Analyst associates.
Performs other responsibilities and duties as needed.
Competencies
Time management and organization : Uses a range of skills, tools, and techniques to manage time and accomplish specific tasks, projects, and goals; this includes planning, allocating, setting goals, delegation, analysis of time spent, monitoring, organizing, scheduling and prioritizing.
Professionalism : Conducts oneself in a polite and respectful manner and demonstrates good judgment when dealing with prospects, internal associates, and external clients.
Client Focus : Practices Lockton’s motto, “We Live Service,” while serving clients’ needs, nurturing effective client relationships, and contributing to the overall success and satisfaction of Lockton.
Reliability : Completes tasks and job functions on time while meeting or exceeding expectations; carries a trusted reputation for dependability, honesty, consistency, accuracy, and commitment.
Communication : Expresses ideas clearly, listens effectively, shares information appropriately, demonstrates interpersonal skills, and resolves conflict as needed.
Industry knowledge : Stays current on issues impacting the industry by maintaining expertise in functional area.
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Requirements : Qualifications
Bachelor's degree in Finance, Business, Accounting, or equivalent education and / or work experience. Relevant advanced degree (MBA or J.D.) preferred.
Understanding and successful completion of all Analyst roles with a willingness and capability to train and work in tandem with current Analysts.
Aptitude in mathematical calculations and general business acumen.
Proficiency with Word, Excel, PowerPoint, and the ability to quickly learn how to effectively use various virtual data sites and Lockton technology tools.
Ability to successfully adapt in a dynamic, changing, and fast-paced environment.
Organizational and time management skills to prioritize workloads to meet time sensitive deadlines.
Willingness and ability to take initiative and ownership in work / projects and follow through completion.
Ability to communicate professionally in written correspondence.
Demonstrated interpersonal skills and the ability to interact with Associates at all levels.
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