Senior Analyst, Benefits

About the role

This position will manage compliance of the USCA retirement programs, administer the global equity awards program, and lead various projects within the Employee Benefits department, with a focus on Retirement and Savings. The role provides analytical support to the Retirement & Savings team, assists with non-US plan design analysis, and handles accounting and financial functions for the Retirement & Savings team in both the U.S. and Canada.

Responsibilities

• Lead U.S. Retirement and Savings Plan Compliance:
  • Manage annual U.S. Retirement and Savings Plan audits with internal and external auditors.
  • Coordinate annual delivery of Summary Annual Reports (SARs) to all U.S. employees.
  • Conduct Defined Contribution non-discrimination testing annually with the recordkeeper.
  • Manage Summary Plan Description documents and coordinate updates with the Director – Retirement & Savings Team and Legal department.
  • Review plan-related data between vendor and HRIS, implementing corrections as needed.
  • Review detailed quarterly pension projections and support the annual contribution process.
  • Review annual Pension Investment Plan (PIP) contributions.
  • Facilitate acquisition implementation, including onboarding benefit efforts and merging retirement plan provisions.
  • Participate in regular Retirement and Savings meetings to discuss strategic and tactical priorities.
  • Resolve Retirement and Savings workflow items from employees, HR Business Partners, Legal, and third-party administrators.
  • Recommend process and system improvements to enhance operational efficiency.
• Lead daily administration of the global equity awards program:
  • Review daily transactions to ensure system data and tax withholding accuracy.
  • Support drafting, approval, and distribution of new documents.
  • Maintain tax rate profiles for U.S. and non-U.S. participants.
  • Troubleshoot participant inquiries and erroneous system transactions.
  • Ensure internal partners (Payroll, Finance) receive appropriate reporting from vendors.
  • Support best practice reviews of administrative plan features.
• Global Retirement Program Governance and Administration:
  • Develop a global pension plan roadmap, including plan rules, governance structures, and statutory requirements.
  • Support global pension plan design review and recommendations for large S-W countries.
  • Lead global pension plan design review and recommendations for small and medium-sized S-W countries.
  • Manage annual global retirement plan audits with internal and external auditors.
  • Address open governance challenges and new compliance regulations with local country teams.
  • Support Defined Benefit risk mitigation, including potential conversions from DB to DC structures.
  • Assist with due diligence efforts around global pension plans in mergers and acquisitions.
  • Facilitate conversion of acquired pension plans to S-W systems.
• Accounting and Financial Management:
  • Handle monthly and quarterly Employee Benefits department accounting entries for the Retirement & Savings team.
  • Work with Employee Benefit teams to set annual U.S. and Canada plan budget amounts.
  • Review invoices in the Coupa system before payment.
  • Support Total Rewards department expense budgeting, analysis, and management reporting.
  • Ensure financial compliance for Benefit plans and associated reporting.
  • Document and maintain processes and procedures for benefits accounting.
• Project Manage Special Employee Benefits Projects:
  • Lead implementation of special projects within the Employee Benefits department.
  • Support Vice President – Employee Benefits, Director – Retirement & Savings Plans, and Director – Health and Welfare Plans on special projects, including benefit harmonization following acquisitions.
• Continuous Improvement:
  • Support continuous improvement projects within the Retirement & Savings Team.
  • Partner with Total Rewards and cross-functional teams (HR, I/T, Payroll, Finance, Legal, etc.) for system upgrades and projects.

Requirements

• Bachelor’s Degree (BA/BS) in Human Resources, Finance, or related field.
• 3+ years of Human Resources or Finance experience.
• Excellent organizational skills and attention to detail.
• Strong analytical and problem-solving skills.
• Excellent verbal and written communication skills.
• Advanced knowledge of Excel, PowerPoint, and other MS Office software.
• Must be at least 18 years of age.
• Must have the legal right to work in the country of employment without needing sponsorship now or in the future.

Preferred Qualifications

• Master’s Degree.
• Experience working with Employee Benefits programs.
• Experience with Retirement plan third-party administrator portals.
• Understanding of Continuous Improvement methodologies.
• Experience using eAccounting and/or Buy Rite Coupa.
• Experience using Oracle Cloud HRIS.
• Experience using SLM (Supplier Management).

Travel Requirements

5% time spent away from home or other typical office location.

About Us

At Sherwin-Williams, our purpose is to inspire and improve the world by coloring and protecting what matters. Our paints, coatings, and innovative solutions enhance and protect spaces. We invest in our employees' lives, careers, and connections through rewards, benefits, and flexibility to support health, well-being, and growth. Our benefits include comprehensive health care, retirement plans, and total well-being programs.

Benefits

A general description of benefits offered can be found at http://www.myswbenefits.com/. Benefits include:

• Retirement plans.
• Health care coverage.
• Total well-being programs.
• Flexibility to enhance health and well-being.