Director Benefits at Honeywell Technologies in Bracknell

Job description

Honeywell is a global technology and manufacturing leader focused on developing solutions that improve quality of life and create new markets. Operating in more than 75 countries, Honeywell delivers industry-specific solutions, including control technologies for buildings and industry and performance materials. Join us in developing innovative solutions to address some of the world’s toughest challenges. Position Summary: We are seeking an experienced, strategic Benefits Director to partner with business leaders and oversee benefits strategy and execution across Europe and META. This role is critical to keeping Honeywell competitive in attracting and retaining top talent through comprehensive benefits strategies aligned with our growth-focused business objectives. Key Responsibilities: Pension & Retirement Strategy 40-50% Lead the strategic direction, governance, and oversight of all pension and retirement programs across Europe and META, ensuring plans support business objectives, workforce needs, and long-term financial sustainability. Serve as the company's senior regional expert on pension and retirement matters, advising executive leadership on plan design, funding strategies, regulatory developments, and emerging market trends. Oversee a diverse portfolio of retirement programs, including defined contribution, legacy defined benefit, hybrid, and statutory pension arrangements where applicable. Partner closely with Finance, Treasury, Legal, Tax, Procurement, and external advisors to manage pension risks, optimize plan performance, and ensure strong fiduciary governance. Develop multi-year retirement strategies that balance employee retirement readiness, market competitiveness, financial risk management, and cost effectiveness. Lead pension governance committees and support Board, Trustee, and fiduciary meetings, ensuring appropriate oversight, decision-making, and documentation. Monitor pension funding levels, investment performance, actuarial valuations, and financial exposures, providing insights and recommendations to senior leadership. Direct relationships with pension trustees, investment managers, actuaries, administrators, consultants, and regulatory bodies to ensure effective plan management and accountability. Evaluate opportunities to modernize retirement offerings through plan redesign, harmonization initiatives, vendor changes, and implementation of innovative retirement solutions. Ensure compliance with local pension regulations, fiduciary obligations, governance requirements, and evolving legislative frameworks across all countries within the region. Support mergers, acquisitions, divestitures, and organizational restructuring activities by assessing pension implications, liabilities, integration requirements, and potential risks. Identify and execute opportunities to improve operational efficiency, reduce administrative complexity, and manage long-term pension costs while maintaining a competitive employee value proposition. Establish metrics and reporting frameworks to monitor retirement program effectiveness, participation, employee outcomes, governance compliance, and return on investment. Medical & Health Benefits Oversee regional medical, wellness, life, disability, and other health-related benefit programs. Develop innovative solutions that support employee well-being while balancing affordability and business sustainability. Evaluate utilization trends, claims experience, and market developments to recommend design enhancements and cost-management strategies. Ensure programs meet local statutory requirements and align with company standards. Vendor Management Lead relationships with insurers, brokers, consultants, administrators, and other benefit service providers. Establish performance metrics, service-level agreements, and governance frameworks to ensure service excellence. Conduct periodic vendor reviews, renegotiations, and procurement activities to maximize value and control costs. Manage compl