Principal Specialist, Benefits Finance

RTX•Farmington, CT

11d•Hybrid

About The Position

RTX Corporate is seeking a Principal Specialist, Benefits Finance, for its Benefits Finance department within the RTX Controllership organization. The department oversees financial accounting, reporting, funding, and forecasting for the company’s benefits offerings, including active and post-retirement medical, dental, life insurance, disability, and pension programs. The role partners with Finance, Human Resources, Legal, third-party benefits vendors, and internal contacts across Corporate and global business units. It is based in Farmington, Connecticut, and is hybrid, with regular work both onsite and offsite. The position reports to the Director, Benefits Finance. U.S. citizenship is required to access information under the program or contract; no security clearance is required.

Requirements

Typically, a university degree and at least 5 years of relevant experience; or an advanced degree in a related field and at least 3 years of experience; or, without a degree, 9 years of relevant experience.
Solid experience and knowledge of financial forecasting and analysis.
Critical-thinking and analytical skills.
Ability to independently manage critical projects under demanding schedules.
Strong organizational skills and ability to handle competing priorities with attention to detail.
Solid written and verbal communication skills.
Proficiency with Microsoft Office tools, especially Excel, PowerPoint, and Word.
U.S. citizenship is required.

Nice To Haves

Ability to help identify and execute process improvements.
Experience with general accounting and/or actuarial concepts, including fringe benefit programs.
Knowledge of GAAP, ERISA, and CAS regulations related to pensions and other benefits.
Proficiency with SAP, OneStream, Power Query, Power BI, and Alteryx.

Responsibilities

Develop financial forecasts and analyze company benefit costs related to fringe benefit programs, including pension.
Assist with preparing company and benefit-plan financial statement disclosures, annual filings, and submissions to the U.S. government.
Participate in ad hoc special projects, including plan-design analysis, process-improvement initiatives, and mergers and acquisitions due diligence.
Work with third-party benefits vendors and internal contacts to ensure benefit claims, expenses, and other financial transactions are paid and accounted for in accordance with company policies.
Participate in audit support, which may include leading auditor calls, preparing written responses to audit inquiries, reviewing vendor SOC1 reports, and testing applicable controls.

Benefits

Medical, dental, and vision insurance.
Three weeks of vacation for newly hired employees.
401(k) plan with employer matching funds and a separate employer retirement contribution, including a Lifetime Income Strategy option.
Tuition reimbursement program.
Student Loan Repayment Program.
Life insurance and disability coverage.
Optional pet, home and auto, additional life and accident, critical illness, group legal, and identity theft protection coverages.
Birth, adoption, and parental leave benefits.
Ovia Health, fertility, and family planning benefits.
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.
Teladoc Medical Experts second-opinion program.
Role may be eligible for relocation.
Potential eligibility for short- and/or long-term incentive compensation programs, subject to position level, bargaining status, and applicable factors.
Potential eligibility for medical, dental, vision, life insurance, short- and long-term disability, 401(k) match, flexible spending accounts, flexible work schedules, employee assistance program, Employee Scholar Program, parental leave, paid time off, and holidays; specific benefits depend on business unit and bargaining status.