Associate Director, Benefits Accounting

Raytheon Technologies

174d • $147,000 - $295,000 • Remote

About The Position

RTX Corporation is an Aerospace and Defense company that provides advanced systems and services for commercial, military and government customers worldwide. It comprises three industry-leading businesses - Collins Aerospace Systems, Pratt & Whitney, and Raytheon. Its 185,000 employees enable the company to operate at the edge of known science as they imagine and deliver solutions that push the boundaries in quantum physics, electric propulsion, directed energy, hypersonics, avionics and cybersecurity. The company, formed in 2020 through the combination of Raytheon Company and the United Technologies Corporation aerospace businesses, is headquartered in Arlington, VA. The following position is to join our RTX Corporate Benefits Finance team: RTX Corporate is looking for a dynamic Associate Director, Benefits Accounting. In this role you be reporting to the Executive Director, Benefits Finance. As the Associate Director, Benefits Accounting you will play a critical role in the Benefits Finance department within the RTX Controllership organization. This position will be based in Farmington, CT working as a hybrid in-person/remote team. The Benefits Finance department oversees the financial accounting, reporting, funding, and forecasting aspects of the Company's benefits offerings, including active and post-retirement medical, dental, life insurance, disability, and pension benefit programs. The department partners with a wide variety of internal partners across Finance, Human Resources and Legal at Corporate and the business units globally.

Requirements

• Typically requires a University Degree and minimum 12 years prior relevant experience or an Advanced Degree in a related field and minimum 10 years of experience or in absence of a degree, 16 years of relevant experience.
• U.S. citizenship is required, as only U.S. citizens are authorized to access the financial management system due to government contractual requirements.
• Proficiency in GAAP, critical thinking, and analytical skills.
• Strong organizational and communication skills; ability to multi-task and manage critical projects independently under demanding schedules.
• Proficient with Microsoft Office tools, especially Excel, PowerPoint, and Word.

Nice To Haves

• Accounting certification, and/or experience with accounting concepts.
• People management experience.
• Ability to help identify and execute process improvements.
• Proficiency with tools such as SAP, Hyperion, Power Query, Power BI and Alteryx.

Responsibilities

• Managing the preparation of the Company's and the benefit plans' financial statement disclosures, annual filings, and submissions to the US government.
• Overseeing the preparation and review of benefits related accounting entries in compliance with GAAP and CAS.
• Ensuring appropriate design and execution of accounting and financial controls with respect to benefits areas.
• Leading audit support activities, including preparing responses to auditor questions, facilitating calls, and addressing open items on a timely basis.
• Facilitating proper payments from benefit plans and coordinating with vendors including the outside benefits administrators, providers, consultants and financial institutions.
• Supporting aspects of the preparation, review and communication of financial forecasts and analysis of Company benefit costs related to fringe benefit programs.
• Leading ad hoc special projects, as needed, including but not limited to process improvement initiatives, restructuring, and mergers/acquisitions due diligence.
• Taking a primary role in the workflow management and development of junior team members including formal supervisor responsibilities for at least one team member.

Benefits

• Medical, dental, and vision insurance.
• Three weeks of vacation for newly hired employees.
• Generous 401(k) plan that includes employer matching funds and separate employer retirement contribution, including a Lifetime Income Strategy option.
• Tuition reimbursement program.
• Student Loan Repayment Program.
• Life insurance and disability coverage.
• Optional coverages you can buy pet insurance, home and auto insurance, additional life and accident insurance, critical illness insurance, group legal, ID theft protection.
• Birth, adoption, parental leave benefits.
• Ovia Health, fertility, and family planning.
• Adoption Assistance.
• Autism Benefit.
• Employee Assistance Plan, including up to 10 free counseling sessions.
• Healthy You Incentives, wellness rewards program.
• Doctor on Demand, virtual doctor visits.
• Bright Horizons, child and elder care services.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Computer and Electronic Product Manufacturing
• Education Level: Bachelor's degree