What are the responsibilities and job description for the Transaction Analyst position at Lockton, Inc.?
Job Summary :
The Transaction Advisory Practice (TAP) provides consultative property & casualty insurance and employee benefits due diligence 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 Analyst, you will provide deal-specific support to multiple Transaction Advisors by reviewing virtual data rooms, collecting data, and summarizing the information provided by the target corporation. Gaining a thorough understanding of the structure of each transaction and the target entity’s employee benefits program, as well as the ability to succinctly summarize and analyze this information using a variety of tools and spreadsheets, are integral components to this position.
Responsibilities
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.
Accurately track and record project updates on an as needed basis.
Serve as a back-up contact for multiple Transaction Advisors for both internal and external contacts.
Assist with the construction and assembly of highly professional reports of industry leading quality.
Assist Transaction Advisor in delivering and communicating transactional deal issues as they arise, and our final written findings to the client — the private equity buyer or operating company C-suite executives.
Responsible for liaising with Lockton service teams and the client on the transition of new business to Lockton.
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.
LI-RB2
Requirements : Qualifications
Bachelor's degree in Finance, Business, Accounting, or equivalent education and / or work experience.
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 and meet time sensitive deadlines.
Willingness and ability to take initiative and ownership in work / projects and see through completion.
Ability to communicate professionally in written and verbal correspondence.
Willingness and ability to expand knowledge and understanding of employee benefits through classes, workshops, and pursuit of professional designations.
Demonstrated interpersonal skills and the ability to interact with Associates at all levels.
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