PEMA Employee Benefits Consultant - Remote (CST or EST)

Employee Benefits is the core of our business and at our heart we are a people-focused organization. Every day, we help over 100,000 employers give their employees peace of mind by providing health, pharmacy, long and short-term disability, vision, dental and other insurance solutions. What makes us unique is that we can surround our clients with more services and more technology-based tools and a team of advisors that simply cares more than anyone else. 

If you want a career giving people the reassurance that they can have access to the health care they need for themselves and their loved ones, join OneDigital.

Our Newest Opportunity: 

The Private Equity & M&A Employee Benefits Consultant will support the Private Equity & M&A (PEMA) practice in delivering employee benefits due diligence, analytics, and strategic advisory services to private equity firms, portfolio companies, and transaction teams.

This role will focus on analyzing employee benefits programs in the context of acquisitions, divestitures, integrations, and broader portfolio optimization initiatives. The ideal candidate is analytical, highly detail-oriented, commercially minded, and interested in the intersection of employee benefits, M&A, and private equity.

The Consultant will report directly to the Senior Director, Private Equity & M&A Practice. The role will have exposure to private equity sponsors, portfolio company leadership, HR executives, investment banking teams, legal advisors, and other transaction stakeholders.

Essential Duties and Responsibilities:

M&A / Benefits Due Diligence

· Support employee benefits due diligence for private equity acquisitions, including pre-confirmatory and full confirmatory diligence.

· Analyze medical, pharmacy, dental, vision, life, disability, retirement, and other employee benefit programs.

· Review plan documents, renewal information, claims data, census data, contribution structures, premiums, stop-loss coverage, contracts, and other relevant plan materials.

· Identify key financial, operational, contractual, compliance, and integration considerations.

· Assist in developing clear diligence findings and executive-level summaries for transaction teams and clients.

· Support diligence across fully insured, self-funded, level-funded, ICHRA, ESOP, and other benefit structures.

Quantitative & Analytical Work

· Build financial models and analyses related to employee benefits costs and potential savings opportunities.

· Analyze claims, utilization, premiums, PEPM/PEPY costs, employer and employee contributions, and plan design.

· Conduct benefits benchmarking and comparative analyses using relevant market and portfolio-company data.

· Evaluate stop-loss terms, funding arrangements, PBM economics, and other major cost drivers.

· Identify opportunities for plan design optimization, vendor consolidation, purchasing leverage, and portfolio-level strategies.

· Translate detailed data into concise, actionable financial and strategic conclusions.

Private Equity Portfolio Support

· Support portfolio-wide benefits assessments and benchmarking initiatives.

· Assist with identifying trends, KPIs, and opportunities across portfolio companies.

· Support post-close initiatives, including benefits harmonization, broker and vendor strategy, cost optimization, and integration planning.

Client & Transaction Support

· Prepare client-ready presentations, diligence reports, data summaries, and executive-level materials.

· Participate in client calls and internal transaction meetings.

· Work with the Senior Director and Senior Consultant to develop recommendations and communicate findings to clients.

· Coordinate with investment bankers, legal advisors, HR leaders, CFOs, PE operating partners, and other transaction stakeholders.

· Manage multiple transactions and workstreams simultaneously while meeting aggressive transaction timelines.

· Develop the ability to independently manage defined components of diligence engagements.

AI & Technology Enablement

· Leverage AI tools and emerging technologies to improve the efficiency, quality, and scalability of employee benefits diligence and consulting work.

· Utilize AI to support research, data analysis, document review, benchmarking, summarization, and identification of trends, risks, and opportunities.

· Stay current on emerging AI capabilities and identify practical applications that can enhance the PEMA team's analytical and client-service capabilities.

Practice Development

· Assist with research on market trends, benefits strategies, and emerging issues affecting private equity portfolio companies.

· Support business development efforts through preparation of prospect materials, market research, and client presentations.

· Help continually improve and scale the PEMA team's diligence processes and analytical capabilities. 

Qualifications, Skills and Requirements:

 · Strong analytical and quantitative skills with demonstrated ability to work with complex datasets.

· Advanced Excel skills, including financial modeling, pivot tables, lookups, data analysis, and data visualization.

· Strong PowerPoint and presentation skills.

· Ability to understand and analyze financial and contractual information.

· Excellent written and verbal communication skills.

· Strong attention to detail and ability to identify inconsistencies, risks, and opportunities in data.

· Ability to manage multiple priorities and work effectively in a fast-paced, transaction-driven environment.

Preferred Qualifications

· Experience supporting employee benefits M&A or due diligence.

· Experience working with private equity firms or portfolio companies.

· Knowledge of medical plan funding arrangements, including fully insured and self-funded plans.

· Familiarity with stop-loss, PBM contracts, claims analysis, ACA compliance, and benefits benchmarking.

· Experience working with benefits data and financial models.

· Consulting or client-service experience.

· Familiarity with CRM, deal management, or data platforms such as Salesforce, DealCloud, Monday.com, or similar systems.

· Demonstrated interest or experience in applying AI and emerging technologies to professional services, analytics, or consulting workflows. 

Education, Training and Experience:

· Bachelor's degree required; degree in finance, economics, business, mathematics, actuarial science, HR, or a related field preferred.

· 2–5 years of experience in employee benefits consulting, benefits brokerage, actuarial/analytics, HR consulting, M&A advisory, or a related field.

The typical base pay range for this role nationwide is $110,000 to $120,000 per year.  

Your base pay is dependent upon your skills, education, qualifications, professional experience, and location. In addition to base pay, some roles are eligible for variable compensation, commission, and/or annual bonus based on your individual performance and/or the company’s performance.  We also offer eligible employees health, wellbeing, retirement, and other financial benefits, paid time off, overtime pay for non-exempt employees, and robust learning and development programs. You will receive reimbursement of job-related expenses per the company policy and may receive employee perks and discounts. 

To learn more, visit: www.onedigital.com/careers  

OneDigital is an equal opportunity employer. Not only as a matter of standard, but to honor and celebrate our differences. We believe that the power of ONE starts with you. We are committed to cultivating and preserving a culture that celebrates diversity, insists on equity and inclusion, and connects us. Ensuring our people feel seen, valued, respected, and supported is fundamental to our core values and business goals.

OneDigital provides equal employment opportunities to all employees and applicants for employment regardless of their: veteran status, uniformed servicemember status, race, color, religion, sex, sexual orientation, gender identity, age (40 and over), pregnancy (including childbirth, lactation and related medical conditions), national origin or ancestry, citizenship or immigration status, physical or mental disability, genetic information (including testing and characteristics) or any other category protected by federal, state or local law (collectively, “protected characteristics”). A copy of the Federal EEO poster is linked here.

Pursuant to local Fair Chance Ordinances, we will consider qualified applications with arrest or conviction records for employment. For applicable candidates, the following ordinances are linked here to inform you of your rights as an applicant:

City and County of San Francsico

City of Los Angeles

County of Los Angeles

Employment decisions shall comply with all other applicable federal, state and city/county laws prohibiting discrimination in employment. OneDigital complies with all criminal history inquiry [or ‘ban the box’] laws in California, Connecticut, Colorado, Hawaii, Illinois, Maine, Maryland, Massachusetts, Minnesota, New Jersey, New Mexico, Oregon, Rhode Island, Vermont and Washington.

In short, we believe in hiring the most qualified applicant for the position, regardless of background.

If you have questions about our hiring policies and practices, we would be happy to discuss upon receiving your application. We hope to welcome you to OneDigital and look forward to hearing from you.

OneDigital understands the immense responsibility and opportunities provided by Artificial Intelligence. We utilize advanced Artificial Intelligence [AI] technologies to enhance our recruitment process. This includes using AI to filter candidates based on their qualifications and to rediscover potential candidates from our existing applicant pool. Our AI systems help us efficiently identify the best fit for our open positions, ensuring a streamlined and effective hiring experience. However, AI does not replace the humans in our process. If you have concerns about our use of AI, you may opt out where laws allow.

Thank you for your interest in joining the OneDigital team!