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Sr Executive Comp Specialist
- Honeywell (Morris Plains, NJ)
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At Advanced Materials, we are committed to offering the highest value-add specialty solutions in the advanced materials sector. Our goal is to solve our customers' most complex challenges through a robust and innovative product portfolio and by doing so, deliver exceptional value to our stakeholders. We have identified actionable strategies to grow by expanding into new products and markets and through strategic acquisitions, while keeping our top operating margins.
Joining our team means becoming part of an organization which leverages its long-standing reputation to capture growth trends by investing in innovation and manufacturing enhancements and maintaining deep customer relationships.
We foster a collaborative and inclusive work environment that values contributions and supports professional development. With a focus on innovation and sustainability, the team is dedicated to delivering value and making a meaningful impact in advancing our customers' success. Let’s make that impact together.
Our intention is that this role, dedicated to the Advanced Materials business, will be a part of this future transaction when the separation occurs. This position is intended to convey to the new, independent company, to be named Solstice Advanced Materials when the separation occurs. This is expected to occur in late 2025 or early 2026.
The Senior Executive 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.
+ Support the development and implementation of training material and tools to educate employees on long-term incentives and the valued delivered.
+ 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.
+ Conduct benchmarking activities and drive application of best practices.
+ Work with internal and external auditors and Finance for periodic reviews, year-end audits, as well as ensure that internal controls are in place and procedures are followed to satisfy periodic review of compliance with SOX.
+ 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.
+ Support the Executive Compensation Team on various projects as assigned.
WE REQUIRE
• 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. Strong attention to data integrity and accuracy.
+ 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.
+ Continuous improvement mindset
Honeywell is an equal opportunity employer. Qualified applicants will be considered without regard to age, race, creed, color, national origin, ancestry, marital status, affectional or sexual orientation, gender identity or expression, disability, nationality, sex, religion, or veteran status.
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