What are the responsibilities and job description for the Transaction Analyst position at Lockton?
Your Responsibilities
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
Qualifications
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.
- 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.
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.
- Legally able to work in the United States.
