Sr. Principal Benefits Analyst

At Northrop Grumman, our employees have incredible opportunities to work on revolutionary systems that impact people's lives around the world today, and for generations to come. Our pioneering and inventive spirit has enabled us to be at the forefront of many technological advancements in our nation's history - from the first flight across the Atlantic Ocean, to stealth bombers, to landing on the moon. We look for people who have bold new ideas, courage and a pioneering spirit to join forces to invent the future, and have fun along the way. Our culture thrives on intellectual curiosity, cognitive diversity and bringing your whole self to work — and we have an insatiable drive to do what others think is impossible. Our employees are not only part of history, they're making history.

Northrop Grumman Corporation (NGC) is currently seeking a Defined Benefit (DB) Pension Analyst at its Corporate Office in Falls Church reporting to the Manager of Pension Administration.  A successful candidate will play a key role in analyzing historical pension data, interact with separate NGC lines of business and help manage quality standards within DB administration team.  A strong background in benefit consulting emphasizing DB administration with an ability to effectively engage with NGC professionals and vendors is desired.  The role will provide employee services through vendor and team performance ensuring that best practices are achieved.  

Responsibilities:

• Provide technical subject matter expertise on complicated pension designs including contributory plans, final pay formulas, union designs, 409A complexities and various non-qualified arrangements
• Knowledge / understand regulatory requirements with an ability to interact with legal, vendors and administrative teams
• Maintain high quality initiatives resulting in accurate participant information, calculation plan rules and participant communications
• Oversee pension funding process and interact with internal reporting teams validating financial results
• Perform independent research of employee concerns regarding historical data, legal documents, pension calculations and historical information
• Perform periodic technical peer reviews with internal and external partners
• Effectively identify and manage administration projects and analyze analytical information
• Evaluate quality of employee services assisting in the preparation and reviews of employee communications both internally and with vendor 
• Perform regulatory quality controls and provide support of annual financial audits
• Engage in the claims and appeals process when applicable

Candidate skills and attributes:

• Maintain an exceptional standard of quality: this role requires significant attention to detail, strong organization and project management skills, strong analytical and problem-solving capabilities, and accountability for excellent results
• Uphold an uncompromising commitment to business ethics, including the protection of proprietary and confidential information
• Deadline driven with ability to prioritize multiple projects and adapt to changing priorities
• Excellent people skills with an emphasis on careful listening, relationship building, and strong written and oral communications
• Strong service emphasis to enhance employee experience
• Ability to draw conclusions from data in a logical, systematic way
• Advanced proficiency in Microsoft Office applications, including Excel and PowerPoint

Basic Qualifications:  

• Bachelor’s degree in Business, Mathematics, Actuarial Science or related discipline and a minimum of 10 years relevant experience

Preferred Qualifications: 

• Master's degree in Business, Mathematics, Actuarial Science or other applicable field of study 
• Consulting background and ability to understand actuarial mathematics
• Knowledge of applicable IRS regulations for defined benefit pension programs
• Completion of a Professional Benefits related designation  
• Previous experience working in a large publicly-held company emphasizing employee service

Salary Range: $103,900 USD - $155,900 USD

Employees may be eligible for a discretionary bonus in addition to base pay. Annual bonuses are designed to reward individual contributions as well as allow employees to share in company results. Employees in Vice President or Director positions may be eligible for Long Term Incentives. In addition, Northrop Grumman provides a variety of benefits including health insurance coverage, life and disability insurance, savings plan, Company paid holidays and paid time off (PTO) for vacation and/or personal business.

The health and safety of our employees and their families is a top priority. The company encourages employees to remain up-to-date on their COVID-19 vaccinations. U.S. Northrop Grumman employees may be required, in the future, to be vaccinated or have an approved disability/medical or religious accommodation, pursuant to future court decisions and/or government action on the currently stayed federal contractor vaccine mandate under Executive Order 14042 https://www.saferfederalworkforce.gov/contractors/.

Northrop Grumman is committed to hiring and retaining a diverse workforce. We are proud to be an Equal Opportunity/Affirmative Action Employer, making decisions without regard to race, color, religion, creed, sex, sexual orientation, gender identity, marital status, national origin, age, veteran status, disability, or any other protected class. For our complete EEO/AA and Pay Transparency statement, please visit http://www.northropgrumman.com/EEO. U.S. Citizenship is required for most positions.