Senior Compensation Specialist (Finance)
In October 2024 Honeywell announced the spin-off of our Advanced Materials business to become a stand-alone publicly traded company, independent of Honeywell. Until that is finalized, you will be an employee of Honeywell. It is our intention that this role will convey to the new, independent company, to be named Solstice Advanced Materials when the separation occurs. We expect this to occur in later 2025 or early 2026.
As a Sr Compensation Specialist will have principal responsibility for the day-to-day oversight and operation of the Honeywell global stock incentive plan, as well as monitoring and reporting on all areas of equity award administration.
In this role, you will be responsible for the day-to-day oversight and administration of our employee and director equity programs and partner with key stakeholders in our Finance, Accounting, Legal and HR teams. You will be responsible for the third-party relationships with stock plan service providers (currently Morgan Stanley and Ernst & Young) and will work closely with executive and business level compensation teams to ensure effective delivery of related stock plan services. You will also provide project support to other initiatives in the Executive Compensation function.
This role will also be supporting the Executive Compensation leader and Total Rewards leader on preparing the materials for compensation committee board meetings and the Compensation Discussion and Analysis (CD&A) portion of the annual proxy statement.
Key Responsibilities:
- Responsible for the stock administration function, including improvements in processes, implementing enhanced automated solutions, and evaluating service providers.
- Ensure accurate and timely recording of new equity awards, exercises, terminations and releases for all employees and other equity holders.
- Manage associated vendor relationships (currently Morgan Stanley, E&Y for global taxation).
- Work with global payrolls and service provider to ensure appropriate tax withholding and reporting to payroll.
- Collaborate with Finance, Legal, Human Resources and the Compensation & Benefits COE on management reporting, compliance, grant processes and related requirements.
- Perform timely reconciliations of data on a monthly, quarterly, and yearly basis between Stock Administration, Finance, HR, payroll, transfer agent, etc.
- Ensure daily movement of shares required to settle prior day transactions.
- Team with payrolls and local HR on periodic reporting of equity-based transactions to tax authorities, and to allow preparation of year-end tax statements.
- Prepare required equity award tables to be included in the annual proxy statement sent to company shareholders.
- Point of contact for employee inquiries and requests regarding equity programs and equity transactions.
- Prepare reports for business partners and respond to ad-hoc data requests on a timely basis.
- Assist with the preparation of equity-related analysis and exhibits for the Board and Compensation Committee.
- Assist Legal team in SEC reporting and 10b5-1 plans and process trades from trading plan brokers.
- Minimum 2+ years previous experience with global equity plans and managing an equity administration system
WE VALUE
- Bachelor's degree
- Previous experience with global equity plans and managing an equity administration system
- Proficient in Excel and other Microsoft Office tools
- CEP designation preferred
- Detail and Service oriented.
- Project management skills and ability to prioritize
- Ability to communicate effectively with all levels of employees and internal/external partners.
- Able to effectively manage multiple assignments, concurrent deadlines, and changing priorities.
- Design and implement competitive compensation programs
- Conduct market research and analyze compensation data
- Develop and maintain job descriptions and salary structures
- Collaborate with HR and hiring managers on compensation packages
- Provide guidance and support on compensationrelated matters
- Ensure compliance with laws and regulations
Honeywell helps organizations solve the world's most complex challenges in automation, the future of aviation and energy transition. As a trusted partner, we provide actionable solutions and innovation through our Aerospace Technologies, Building Automation, Energy and Sustainability Solutions, and Industrial Automation business segments - powered by our Honeywell Forge software - that help make the world smarter, safer and more sustainable.
