Principal Specialist, Benefits Finance

RTX; Farmington (CT); Hybrid; USD 120,000 - 180,000; Full time

Benefits offered by this job

Medical coverage

Tuition reimbursement

Student Loan Repayment

Life insurance

Disability coverage

Parental leave

Job summary

RTX Corporate is seeking a dynamic Principal Specialist, Benefits Finance in Farmington, CT. You will report to the Director, Benefits Finance and help manage fringe benefit costs, including pension, with a hybrid in-person/remote work arrangement.

Key duties include financial forecasting, preparing disclosures and filings, participating in special projects, and coordinating with vendors and auditors to ensure compliant accounting for benefit plans.

Qualifications

• Typically requires a University Degree with 5+ years of relevant experience or an Advanced Degree with 3+ years of experience; in absence of a degree, 9 years of relevant experience.
• Strong experience and knowledge of financial forecasting and analysis.
• Demonstrated analytical and critical thinking abilities.
• Ability to independently manage critical projects under demanding schedules.
• Excellent organizational skills and attention to detail.
• Strong written and verbal communication skills.
• Proficiency with Microsoft Office tools, especially Excel, PowerPoint and Word.

Responsibilities

• Develop financial forecasts and analysis of company benefit costs related to fringe benefit programs, including pension.
• Assist in preparing financial statement disclosures and annual filings for the company and benefit plans.
• Participate in ad hoc projects such as plan design analysis, process improvements, and mergers/acquisitions due diligence.
• Coordinate with third‑party benefits vendors and internal teams to ensure proper payment and accounting of benefit claims and expenses.
• Support audit activities, including leading calls with auditors, responding to inquiries, and reviewing vendor SOC1 reports.

Skills

Financial forecasting

Analysis

Project management

Communication

Excel

PowerPoint

Attention to detail

Education

University Degree

Advanced Degree

Tools

SAP

OneStream

Power BI

Alteryx

Excel

Power Query

Job description

At RTX, the world's largest aerospace and defense company, 185,000 great minds are united by purpose and inspired to make a difference solving the world’s most complex problems. With our three market leading businesses, world-class operations and investments in research and development, we offer capabilities and opportunity no one else can. Together, we push the boundaries of known science and find new ways to connect and protect our world. Join us and help shape the future of aerospace and defense.

RTX is an aerospace and defense company that provides advanced systems and services for commercial, military and government customers worldwide. It comprises three industry leading businesses - Collins Aerospace, Pratt & Whitney, and Raytheon. 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 Arlington, Virginia.

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.

This role may be eligible for relocation.

What You Will Do:

• 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.

Qualifications You Must Have:

• 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.

Qualifications We Prefer:

• 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.

What We Offer:

• 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