Director, Benefits Treasury And International Accounting

Eaton Corporation Cleveland , OH 44114

Posted 2 months ago

The Director, Benefits Treasury and International Accounting is responsible for accounting, reporting, and internal controls related to benefits and treasury transactions, including pension, employee benefits, treasury transactions, derivatives, debt and cash. This role will serve as a key partner with Eaton's global HR and Treasury organizations providing accounting insights and support for employee benefits and treasury strategies and initiatives. This position also manages a team responsible for the accounting of corporate ledgers in the Americas regional structure to include Eaton Center, Barbados, Mexico and Canada.

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.

Essential functions include:

  • You will ensure that appropriate accounting and reporting controls are in place for Eaton's hedging portfolio, review quarterly effectiveness testing and review quarterly derivatives disclosures for SEC reporting.

  • You will manage and develop a team of 19 professionals, which includes 5 managers, who are responsible for accounting, reporting and analysis of a variety of treasury and employee benefits activities.

  • You will ensure appropriate accounting, reporting, forecasting, analysis, and compliance of global pension and health/welfare benefit plans

  • You will partner with both Treasury and Tax functions on various initiatives including legal entity simplification projects and evaluate accounting and foreign currency impacts on those initiatives.

  • You will represent the Finance function and partner with Human Resources to assess/validate financial impact of plan design and potential changes to employee benefit structures on a worldwide basis.

  • You will manage preparation and review of accounting memos prepared by the US and EMEA teams which provide accounting guidance to record various transactions in accordance with US GAAP.

  • You will manage and review reporting on joint ventures and non-controlling interests to ensure appropriate accounting.

  • You will ensure the integrity and accuracy and timely reporting for the Eaton Center corporate ledger and North America treasury ledger, and that all processes are in compliance with Eaton financial policies and procedures and Sarbanes- Oxley requirements.

  • You will be an active member of the Accounting Leadership Team. Participate in the Global Benefits Council and Global Wellness Committee.

  • You will direct and manage the relationship with outsourced vendors and consultants, including actuaries, to ensure adherence to our internal controls and IRS and DOL regulations, while also delivering on performance expectations including costs

  • You will maintain the integrity of Eaton's Qualified Benefit Plans, ensure staff are adequately trained to comply with all regulations, plan and complete external audits, and monitor activities to achieve timely and accurate reporting

  • Coordinate due diligence, transition and integration activities related to benefits accounting for acquisitions and divestitures

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


Success Profile:

  • A results oriented and highly adaptable person who can be a supportive team player.

  • A hard-working leader with the ability to delegate, but one who maintains a "hands-on" approach with critical assignments.

  • A focused, intelligent individual who is a pragmatic motivator with a good decision-making skills.

  • Demonstrated capability to lead and partner across differing parts of his/her organization through the use of influence and indirect authority.

  • Possess drive, intelligence, and high expectations of self and team.

  • A strong sense of urgency and commitment, as well as a strong business sense with a strategic, conceptual and operational orientation.

  • The ability to focus on business results and the experience and confidence to interact with and present to senior level internal and external constituencies. Able to express the complex in simple, easy to grasp ways; both verbally and in writing.

  • Proven track record of strategic planning with high impact results.


  • Bachelor's degree from an accredited institution

  • Master's degree in accounting preferred

  • CPA preferred

  • Minimum 10-15 years of accounting and finance experience, with advanced knowledge in pension, benefits and treasury accounting areas preferred

We make what matters work. Everywhere you look-from the technology and machinery that surrounds us, to the critical services and infrastructure that we depend on every day-you'll find one thing in common. It all relies on power. That's why Eaton is dedicated to improving people's lives and the environment with power management technologies that are more reliable, efficient, safe and sustainable. Because this is what matters. We are confident we can deliver on this promise because of the attributes that our employees embody. We're ethical, passionate, accountable, efficient, transparent and we're committed to learning. These values enable us to tackle some of the toughest challenges on the planet, never losing sight of what matters.

Job: Finance/Accounting

Region: North America - US/Puerto Rico

Organization: Corporate Sector

Job Level: Director

Schedule: Full-time

Is remote work (i.e. working from home or another Eaton facility) allowed for this position?: No

Does this position offer relocation?: No

Travel: Yes, 10 % of the Time

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Director, Benefits Treasury And International Accounting

Eaton Corporation