Raytheon Technologies Principal Specialist, Benefits Finance in Waltham, Massachusetts
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Raytheon Technologies Corporation is an Aerospace and Defense company that provides advanced systems and services for commercial, military and government customers worldwide. It comprises four industry-leading businesses – Collins Aerospace Systems, Pratt & Whitney, Raytheon Intelligence & Space and Raytheon Missiles & Defense. Its 195,000 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 Waltham, Massachusetts.
This position can be a salary grade level P3 ( Principle Specialist FP&A) or P4 (Mgr FP&A ) based on the candidate's qualifications as they relate to the skills, experience, and responsibility requirements for the position.
Job Description and Responsibilities:
Reporting to the Associate Director, Benefits Finance, the Principal Specialist, Benefits Finance plays a critical role in the Benefits Finance department within Corporate Accounting, which is based in Waltham, MA 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 Principal Specialist will be responsible for various items including but not limited to:
Developing financial forecasts and analysis of Company benefit costs related to fringe benefit programs, including pension.
Assisting in the preparation of the Company’s and the benefit plans’ financial statement disclosures, annual filings, and submissions to the US government.
Monitoring payments from benefit plans and coordinating with vendors including the outside benefits administrator, trustee, health care providers, etc.
Leading audit support activities, including preparing responses to auditor questions, leading calls, and execution of applicable controls among other items.
Participating in ad hoc special projects, as needed, including plan design analysis, process improvement initiatives, and mergers/acquisitions due diligence.
Experience or strong knowledge of GAAP, ERISA and CAS regulations with respect to pensions and other benefits
Critical thinking and analytical skills
Ability to independently manage critical projects under demanding schedules
Strong organizational skills; ability to multi-task with attention to detail
Solid written and communication skills
Proficient with Microsoft Office tools especially Excel as well as PowerPoint and Word
Actuarial or accounting certification, and/or experience with actuarial and accounting concepts
Ability to help identify and execute process improvements
Education and Experience
This position typically requires a Bachelor’s degree in Math, Actuarial Science, Finance, Accounting, or a related field and a minimum of 5 years of related experience in an applicable field.
This position may require access to systems/tools that are restricted to individuals who possess US citizenship
Raytheon is an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, age, color, religion, creed, sex, sexual orientation, gender identity, national origin, disability, or protected Veteran status.