Transaction Consultant

About the role

The Transaction Advisory Practice (TAP) provides consultative 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. The TAP Employee Benefit Consultant will provide support to the Transaction Advisors and TAP Team Leader 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 benefit programs, 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 managing the employee benefits due diligence process for private equity and corporate clients, including compiling, analyzing, presenting, and interpreting employee benefits and financial information accurately and with attention to detail for review and presentation by the TAP Transaction Advisor.
• Review and analyze applicable documentation to identify and quantify deal-impactful issues relevant to a financial buyer.
• Assist with coordination with other third-party due diligence work streams, including legal, quality of earnings analysis, and business strategy.
• Develop an ongoing understanding of financial statements in relation to employee benefits concepts.
• Handle non-complex diligence engagements unassisted over time with oversight from the TAP Advisor.
• Solicit subject matter expertise from internal Lockton resources, including legal and actuarial teams, as needed.
• Assist in and at times take full responsibility for developing diligence findings and writing the due diligence report.
• Participate in and at times lead the “read out” calls with the private equity buyer, presenting report findings.
• Coordinate with Lockton’s Transactional Liability (TL) team for underwriting questions on reps and warranties insurance that stem from due diligence.
• Liaise with Lockton service teams and the client on the transition of new business to Lockton.
• Proactively make alterations to processes and procedures to enhance quality and efficiency, demonstrating the ability to stray from established procedures.
• Perform other responsibilities and duties as needed.

Competencies

• Time Management and Organization: Uses a range of skills, tools, and techniques to manage time when accomplishing specific tasks, projects, and goals; 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 and external clients.
• Client Focus: Practices Lockton’s motto, “We Live Service,” while serving clients’ needs, nurturing effective client relationships, and contributing to overall success and satisfaction.
• Reliability: Completes tasks and job functions on time while meeting or exceeding expectations; carries a trusted reputation for dependability, honesty, consistency, 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 the functional area.

Qualifications

• Bachelor’s degree in a business-related field or equivalent experience and/or work experience.
• 3–5 years of experience in the employee benefits industry, preferably inclusive of both health & welfare and retirement plans.
• M&A, actuarial, or underwriting experience would be a bonus.
• Excellent project management and organizational skills.
• Proven ability in managing multiple projects to successful completion.
• Strong verbal and written communication skills, and the ability to translate employee benefits, retirement, financial, and legal concepts to disparate audiences.
• Advanced proficiency with Word, Excel, and PowerPoint, and the ability to quickly learn to effectively use various virtual data sites and Lockton technology tools.
• Excellent customer service skills, with the ability to develop sound relationships with multiple clients.
• Ability to attend company, department, and team meetings as required, including industry training sessions.
• Ability to comply with all company policies and procedures, proactively protecting confidentiality of client and company information.
• Ability to work on a computer for a prolonged amount of time.
• Ability to work outside of normal business hours as needed.
• Ability to successfully adapt in a dynamic, changing, fast-paced environment.
• Willingness and ability to expand knowledge and effectiveness in employee benefits through classes, workshops, and pursuit of professional designations.
• Demonstration of the Lockton culture consistent with the organization’s mission statement and philosophies.
• Legally able to work in the United States.