Principal Specialist, Benefits Finance

RTX•Clovis, CA

4d•$86,800 - $165,200•Hybrid

About The Position

RTX Corporate is looking for a dynamic Principal Specialist, Benefits Finance. In this role you will be reporting to the Director, Benefits Finance. As the Principal Specialist, Benefits Finance, you will play a critical role in the Benefits Finance department within the RTX Controllership organization. This position will be working as a hybrid in-person/remote team based in Farmington, CT. 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 5 years prior relevant experience or an Advanced Degree in a related field and minimum 3 years of experience or in absence of 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; ability to handle competing priorities with attention to detail
Solid written and communication skills
Proficient with Microsoft Office tools, especially Excel, PowerPoint and Word

Nice To Haves

Ability to help identify and execute process improvements
Experience with general accounting and/or actuarial concepts, including but not limited to fringe benefit programs
Knowledge of GAAP, ERISA and CAS regulations with respect to pensions and other benefits
Proficiency with tools such as SAP, OneStream, Power Query, Power BI and Alteryx

Responsibilities

Developing financial forecasts and analysis of Company benefit costs related to fringe benefit programs, including pension.
Assist in the preparation of the Company’s and the benefit plans’ financial statement disclosures, annual filings, and submissions to the U.S. government.
Participate in ad hoc special projects, as needed, including but not limited to plan design analysis, process improvement initiatives, and mergers/acquisitions due diligence.
Work with a variety of third-party benefits vendors and internal contacts to ensure the payment of, and accounting for, benefit claims, expenses, and other financial transactions in accordance with company policies.
Participate in audit support activities, which may include leading calls with auditors, preparing written responses to audit inquiries, reviewing vendor SOC1 reports, and testing applicable controls, among other items.

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
Teladoc Medical Experts, second opinion program
Relocation assistance
Annual short-term and/or long-term incentive compensation programs
Medical, dental, vision, life insurance, short-term disability, 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