Accounting Specialist (Pension)

Eaton's Corporate Sector is currently seeking a Accounting Specialist (Pension) to join our team. This position can be based at any of the following locations; Beachwood OH, Moon Twp PA, Irvine CA, Galesburg MI, Highland IL, Syracuse NY, Arden NC, Charlotte NC, Ft Worth TX, Houston TX, Raleigh NC, Peachtree City GA or Tualatin OR. Flexible, hybrid work schedule is also available. Flexible hybrid work schedule available.

Position Overview:

This position will be responsible for Pension and Other Post-Employment Experience (OPEB) accounting and analysis for domestic and international locations as well as internal modeling of US GAAP pension accounting for planning and projection purposes.

Making what matters work at Eaton takes the passion of every employee around the world. We create an environment where creativity, invention and discovery become reality, each and every day. It's where bold, bright professionals like you can reach your full potential-and where you can help us reach ours.

In this function you will:

• Responsible for accounting entries for US defined benefit pension and OPEB plans including preparation of General Ledger reconciliations and auditor requests.
• Assist in the month-end Pension/OPEB accounting activities including analysis of actual results, preparation of cash flow information, and preparation of forecast information.
• Assist in the preparation and submission of the quarterly Pension and OPEB funding and expense projections.
• Perform year-end activity including plan allocations, reconciling books to actuarial valuations, summarizing, and providing annual activity for both domestic and international locations, global consolidation of results.
• Prepare monthly funding requests for benefit payments to participants.
• Prepare quarterly pension/OPEB footnotes for 10Q.
• Assist in the preparation and analysis of global profit plan information.
• Monitor and understand impact of changes in accounting standards (FASB, IASB), legislative changes, etc.
• Ensure international locations book according to actuarial valuations. Establish and implement pension policies at international locations. Communicate with country controllers regarding recording of expense, acquisitions / divestitures, other events.

Why work at Eaton? We provide benefits that are industry competitive and focused on employee well-being. Listed below are programs that are offered globally, but program availabilities may vary by site.

• Flexible work options to help balance work/life demands (at participating Eaton sites)
• Healthcare/retirement savings programs
• Competitive compensation packages to reward skills and performance
• Tuition assistance or financial help for ongoing learning and development
• Health, Dental, Vision & Wellness programs
• Donation matching (U.S., Canada, Puerto Rico)

When we embrace the different ideas, perspectives and backgrounds that make each of us unique, we - as individuals and as a company - are stronger.

Qualifications

Required (Basic) Qualifications:

• Bachelors degree from an accredited institution required
• 3 years accounting and/or Benefit Pension experience required
• Relocation assistance is not available for this position. Only candidates currently located within a 50 mile radius of Beachwood, OH, Moon Twp PA, Irvine CA, Galesburg MI, Highland IL, Syracuse NY, Arden NC, Charlotte NC, Ft Worth TX, Houston TX, Raleigh NC, Peachtree City GA or Tualatin OR will be considered. Active Duty Military Service member candidates are exempt from the geographical area limitation.
• Must be able to work in the United States without corporate sponsorship now and within the future

Preferred qualifications:

• Strong knowledge of employee benefit plan accounting and regulations. Actuarial background preferred.
• Strong communication, analytic, problem solving, and customer service skills
• 5 years of experience accounting and/or benefit pension experience
• Organizational skills to ensure that all outstanding issues are prioritized and resolved in a timely and accurate manner
• Ability to work and problem solve individually as well as with a team to accomplish goals
• Capabilities with Microsoft products (Excel, Word, Access) and computer programs/systems (Oracle/SAP, PC and vendor web stations)
• Expertise with US GAAP pension accounting preferred

Position Criteria:

• This position works with highly confidential and regulated employee data, the position is required to monitor and assure strict adherences with professional standards including adherence to HIPAA regulations

At Eaton, we strive to provide compensation and benefits that attract, engage, and retain the best talent. This includes competitive pay and a variety of benefit programs for eligible employees.

The expected annual salary range for this role is $101,360 - $139,370 a year.

Please note the salary information shown above is a general guideline only. Salaries are based upon candidate skills, experience, and qualifications, as well as market and business considerations.

We are committed to ensuring equal employment opportunities for all job applicants and employees. Employment decisions are based upon job-related reasons regardless of an applicant's race, color, religion, sex, sexual orientation, gender identity, age, national origin, disability, marital status, genetic information, protected veteran status, or any other status protected by law.

#LI-AM6

Eaton considers qualified applicants regardless of criminal histories, consistent with local laws. To request a disability-related reasonable accommodation to assist you in your job search, application or interview process, please call 412-893-3600 or send an email to: [email protected]

What you will get from us

Eaton's mission is to improve the quality of life and the environment through the use of power management technologies and services. We provide sustainable solutions that help our customers effectively manage electrical, hydraulic and mechanical power - more safely, more efficiently and more reliably. Making what matters work at Eaton takes the passion of every employee around the world. We create an environment where creativity, invention and discovery become reality, each day. It's where bold, bright professionals like you can reach your full potential-and where you can help us reach ours. Eaton's 2020 revenues were $17.9 billion, and we sell products to customers in more than 175 countries. We have approximately 85,000 employees.

We make work exciting, engaging and meaningful for our employees through our dedication to tackling some of the toughest power management challenges on the planet and by never losing sight of what matters. Our culture is built on a strong commitment to practicing our core values and supporting our employees with the tools they need to succeed. We pledge to always foster a diverse and inclusive environment, including inclusion resource groups that bring together employees who share a common purpose, interest or background. In the past year, our company has received top employment recognition by the Human Rights Campaign and almost fifty percent of our Board of Directors represented diverse groups. When we embrace the different ideas, perspectives and backgrounds that make each of us unique, we - as individuals and as a company - are stronger.

We have demonstrated our passion for sustainability with the recent announcement of cutting carbon emissions from the company's operations by at least 50 percent by 2030. We are ethical, passionate, accountable, efficient, transparent and committed to learning. We are confident we can deliver on our promise to improve the quality of life and the environment because of the attributes that our employees embody.

We are committed to ensuring equal employment opportunities for all job applicants and employees. Employment decisions are based upon job-related reasons regardless of an applicant's race, color, religion, sex, sexual orientation, gender identity, age, national origin, disability, marital status, genetic information, protected veteran status, or any other status protected by law.

Job: Finance/Accounting

Region: North America - US/Puerto Rico

Organization: Corporate Sector

Job Level: Individual Contributor

Schedule: Full-time

Is remote work (i.e. working from home or another Eaton facility) allowed for this position?: Yes - Hybrid

Does this position offer relocation?: No

Travel: Yes, 10 % of the Time