Lead Analyst - Benefits Accounting - Eaton - Cleveland, OH

Lead Analyst - Benefits Accounting - Eaton - Cleveland, OH -

Job Description

Eaton’s Company Headquarters is in search of a Lead Analyst for our Benefits Accounting division . The Lead Analyst will probably be based mostly at our Beachwood, OH facility. Place Overview:
This place is liable for coordinating, analyzing, and processing all accounting, auditing and funding necessities for Eaton’s U.S. Healthcare Financial savings Accounts (HSA). This place can also be chargeable for the interior oversight of Eaton’s Outlined Profit (DB) pension plans and Outlined Contribution (DC) retirement plans referring to inner and outsourced methods and administration, together with knowledge validity and calculation accuracy.
This place should collaborate on points with a number of international company features, reminiscent of Human Assets, Treasury and Payroll, and with outdoors auditors and consultants, in addition to handle & direct third get together directors. Clients embrace international plant controllers and numerous company features. Important Obligations:
Handle the accounting, forecasting and reporting for Eaton’s HSA Program. Put together & reconcile weekly funding requests for worker and Eaton contributions. Coordinate with Payroll to course of refunds and reversals. Audit third celebration administrator (TPA) and authorize TPA relating to any correcting changes.
Audit month-to-month pension profit commencements in all U.S. and Puerto Rico retirement plans. Direct service suppliers to take motion on behalf of Eaton’s profit plans.
Keep Entry database of all funds constructed from the U.S. and Puerto Rico pension plans. Reconcile and approve funds from the pension trusts and from company money.
Function main contact with Constancy’s DB and HSA calculation groups. Assign analysis gadgets to group as wanted. Accumulate and talk audit outcomes to Constancy. Handle the calculation error monitoring course of.
Guarantee compliance with IRS laws by sustaining a schedule of funding contributions to make sure that deposits are made to the belief on a well timed foundation.
Full month-to-month belief reconciliations. Resolve all discrepancies, working with TPA and Eaton Treasury as mandatory.
Put together documentation for all SOX requests. Present info to actuaries and auditors for annual DB funding valuations, monetary statements and plan audits.
Full month-to-month common ledger allocations and account reconciliations. Guarantee account balances are correctly said.
Analysis and resolve numerous open administrative points. Help HR (together with Puerto Rico HR) in decision of DB and HSA associated points.
Act because the division liaison between Eaton’s actuaries, prescription drug supplier, CMS and Eaton’s Assistant Controller to reconcile, full and file the annual Retiree Drug Subsidy software.
Guarantee worldwide places document pension expense and legal responsibility in line with actuarial stories for U.S. GAAP reporting. Talk with nation controllers relating to recording of the right expense, acquisition / divestitures prices and the monetary influence of different occasions.
Cross practice on different features inside Benefits Accounting. Function again up when different staff members are out of the workplace.

Primary Qualifications (Together with Instructional Necessities)

Primary Qualifications:
Bachelor’s Diploma from an accredited establishment is required.
Minimal three years of expertise with publicity to advantages or actuarial science, accounting, finance or arithmetic
No relocation provided; candidate should reside inside 50 miles of the Eaton Beachwood, OH website
Candidates have to be approved to work within the US on a steady foundation with out firm sponsorship Most popular Qualifications:
Most popular main in actuarial science, accounting, finance or arithmetic
5+ years of expertise with publicity to advantages or actuarial science, accounting, finance or arithmetic
Profit auditing expertise
Expertise with a 3rd-celebration administrator for advantages Place Standards:
Extremely developed drawback fixing and analytical expertise
Perceive Eaton’s pension and HSA advantages and the move of knowledge between Eaton, Payroll, Benefits Accounting and Eaton’s Third Social gathering Directors
Excessive sense of urgency
Potential to watch a number of tasks at one time
Robust communication expertise
Potential to leverage assets reminiscent of Eaton’s consultants and suppliers
Means to function and ship outcomes with minimal everyday supervision
Expertise in Eaton Company Accounting & Reporting procedures because it pertains to HSA accounting or such expertise inside one other multi-nationwide firm
Familiarity with monetary methods and processes, leveraging techniques capabilities and related controls
Wonderful written, verbal and organizational expertise
Should work properly in a group setting
Capacity to implement finance course of enhancements
Superior information of Microsoft purposes, particularly Entry and Excel, together with Visible Primary programming

Eaton is an influence management firm with 2015 sales of $20.9 billion. Eaton supplies power-environment friendly options that assist our clients successfully handle electrical, hydraulic and mechanical energy extra effectively, safely and sustainably. Eaton has roughly 97,000 staff and sells merchandise to clients in additional than 175 nations. For extra info, go to www.eaton.com. At Eaton, we see issues in a different way. We see alternatives to innovate, go above and past, and we work exhausting as a result of what we do displays who we’re. In case you see issues in a different way—in the event you’re decided, motivated and targeted on enhancing the world round you—then it’s time to see the place a profession at Eaton can take you. For extra info, go to www.eaton.com/careers. Eaton is an Equal Alternative and Affirmative Motion Employer. Eaton is dedicated to making sure equal employment alternatives for all job candidates and staff. Employment selections are based mostly upon job-associated causes no matter an applicant’s race, colour, faith, intercourse, sexual orientation, gender id, age, nationwide origin, incapacity, marital standing, genetic info, protected veteran standing, or some other standing protected by regulation.

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