Sr Benefits Analyst - Pension

Honeywell•Charlotte, NC

5h•Hybrid

About The Position

We are looking for an experienced, data-driven Sr. Benefits Analyst to manage our defined benefit (DB) administration and oversight for the Honeywell Retirement plans, providing accurate reviews and outputs in compliance with plan rules, funding, legislative requirements, and internal practices in the U.S. and Puerto Rico. You will need to partner with our outsourced administrator on the processing of the most complex calculations for plans, analyzing data and interpreting plan rules to ensure the calculations are accurate. Will manage cases supporting the resolution of inquiries, escalations, errors, and requests from participants, such as hourly manufacturing workers, salaried workers, retired participants, and top Executive Officers. Leads a range of projects that have ahigh visibility and vary in scope and complexity for ongoing work operations, compliance, audits, and vendor management improvements. In this role, you are providing operational support to standard work, delivering standardized and self-service HR solutions, and driving digital transformation initiatives forward. You will have a significant impact on optimizing HR processes, enhancing employee experience, and driving HR's digital transformation journey, contributing to the success and effectiveness of Honeywell's overall operations. You will report to our Benefits Director and work out of our Charlotte, NC location on a hybrid basis. Note: for the first 90 days, New Hires must be prepared to work 100% onsite M-F. Honeywell helps organizations solve the world's most complex challenges in automation, the future of aviation and energy transition. As a trusted partner, we provide actionable solutions and innovation through our Aerospace Technologies, Building Automation, Energy and Sustainability Solutions, and Industrial Automation business segments – powered by our Honeywell Forge software – that help make the world smarter, safer and more sustainable.

Requirements

experienced
data-driven
manage our defined benefit (DB) administration and oversight for the Honeywell Retirement plans
providing accurate reviews and outputs in compliance with plan rules, funding, legislative requirements, and internal practices in the U.S. and Puerto Rico
partner with our outsourced administrator on the processing of the most complex calculations for plans, analyzing data and interpreting plan rules to ensure the calculations are accurate
manage cases supporting the resolution of inquiries, escalations, errors, and requests from participants, such as hourly manufacturing workers, salaried workers, retired participants, and top Executive Officers
Leads a range of projects that have ahigh visibility and vary in scope and complexity for ongoing work operations, compliance, audits, and vendor management improvements

Responsibilities

Provide end-to-end execution of defined benefit pension processes, ensure up to date and accurate documentation, leverage historical databases to collect data, drive continuous improvement focusing on key initiatives of an excellent user experience ensuring right and fast support.
Manage suppliers to ensure quality administration of plans and the customer experience, payments, audit completion, execution of reporting and filings, with vendors such as, Conduent and Northern Trust. Participate in quarterly service reviews.
Stay up to date with regulatory changes in the industry and help us transition into the future as seamlessly as possible. Apply legislation and regulations, including but not limited to IRS, DOL, and ERISA, when preparing, analyzing, and interpreting plan documents, summaries of plan provisions, and related plan materials.
Assists with audits and preparations of annual filings. Work with internal and external partners on compliance and other related matters. Participate in merger and acquisition activities to ensure compliance.
Identify operational errors and areas of weakness in plan operations, support audit reports and relevant supporting documentation to present findings and improvements to leadership. Assist with developing corrective action strategies.
Manage payroll reconciliations, escalations, leveraging multiple data sources, conducting data analysis, communicating findings, and making recommendations.
Proactively identify problems and trends, along with solutions, which might be leading to increased volume of escalations or issues.
Manage the claims and appeals process ensuring timely and accurate responses back to participants.
Maintain a robust data intelligence infrastructure, ensuring the accuracy, accessibility, and timely sharing of information among business professionals to support informed decision making and drive business success.
Collaborate in project planning, execution, and effective communication of information throughout the organization to drive successful project outcomes and facilitate seamless business operations.
Support year-end and mid-year non-discrimination testing as required by the Internal Revenue Service (IRS) to ensure compliance.