PEMA 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 One Digital.

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.

• 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.

• 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.

• 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.

• 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 work streams simultaneously while meeting aggressive transaction timelines.
• Develop the ability to independently manage defined components of diligence engagements.

• 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.

• Assist with research on market trends, benefits strategies, and emerging issues affecting private…