The Transaction Advisory Practice (TAP) provides consultative Property & Casualty 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 Property & Casualty 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.

Role Responsibilities

• Responsible for assisting in the management of the Property & Casualty due diligence process for our private equity and corporate clients, including:
•        Responsibility to compile, analyze, present, and interpret employee benefits and financial information, accurately and with attention to details for review and presentation by the TAP Transaction Advisor
•    Reviewing and analyzing applicable documentation with an eye for identifying and quantifying deal impactful issues relevant to a financial buyer;
•    Assisting with coordination with other third party due diligence work streams, including legal, quality of earnings analysis and business strategy;
•    Ongoing development of understanding of financial statements in relation to employee benefits concepts;
•   Ability to handle non-complex diligence engagements unassisted over time with oversight from TAP Advisor
•     Soliciting subject matter expertise, where necessary, from internal Lockton resources include legal and actuarial team as needed
•    Assisting in and at times taking full responsibility for developing our diligence findings and writing the due diligence report
•     Participating in and at times leading the “read out” calls with the private equity buyer (i.e. presenting our report findings)
•          Coordinate with Lockton’s Transactional Liability (TL) team for underwriting questions on reps and warranties insurance that stem from our due diligence.
•          Responsible for liaising with Lockton service teams and the client on the transition of new business to Lockton
•          Proactively makes alterations to processes and procedures to enhance quality and efficiency, exemplifying the ability to stray from established procedures.
•          Performs 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; 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 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, 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

·         Bachelor’s degree in a business-related field or equivalent experience and/or work experience.

·         3-5 years of experience in the Property & Casualty 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 datasites 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