Hybrid Senior Benefits Analyst – Pension

at Honeywell

• Job title: Senior Benefits Analyst – Pension
• Job type: Full Time
• Experience level: Senior
• Salary: Not specified
• Degree requirement: Bachelor's Degree
• Location requirements: Hybrid, Charlotte, United States

About the role

• Sr. Benefits Analyst managing defined benefit administration and oversight for Honeywell Retirement plans. Providing operational support and driving digital transformation initiatives forward.

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
• 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

Requirements

• Deep understanding and experience with ERISA, IRS, Retirement and DOL rules and regulations
• In-depth knowledge of IRS/Department of Labor regulatory requirements and retirement plan knowledge
• 5+ years direct experience and proficient knowledge with complex aspects of defined benefit retirement plan administration, fund benefits, compliance testing and plan audit support (completed retirement, termination, death calculations and experience with multi-employer pension plans)
• Strong Excel skills (formulas, pivot tables, vlook-ups); PeopleSoft, SalesForce, and Case Management a plus
• 3 years of project management experience, including excellent planning, time management, decision making and organizational skills. Exposure to difficult or complex projects while managing multiple priorities
• Knowledge of Defined Benefit industry trends and the ability to apply this knowledge
• Prior actuarial analysis experience is a plus
• Strong mathematical, analytical, statistical, and reporting skills to review, interpret and evaluate financial data and legal documents
• Strong time management skills and the ability to meet deadlines with high accuracy
• Ability to understand how to analyze organizational risk with applicable US, state, and municipal laws and policies
• High attention to detail and a process improvement mindset
• Strong written and documentation skills, ability to communicate complex issues in a concise manner
• Ability to work independently and problem solve in ambiguous situations where answers and direction are not clear
• Case management experience with SalesForce

Benefits

• employer-subsidized Medical, Dental, Vision, and Life Insurance
• Short-Term and Long-Term Disability
• 401(k) match
• Flexible Spending Accounts
• Health Savings Accounts
• EAP
• Educational Assistance
• Parental Leave
• Paid Time Off (for vacation, personal business, sick time, and parental leave)
• 12 Paid Holidays