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Defined Benefit Pension Analyst Jobs (NOW HIRING)

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Experienced Temp to Hire F/T Defined Benefits Pension Analyst Needed to Work in Schaumburg, IL Our client, a busy and growing TPA located in Schaumburg, Illinois, is currently looking to hire an ...

Pension Analyst

Chicago, IL ยท On-site

$26 - $33.51/hr

The Pension Analyst will provide technical and analytical support to end users while collaborating ... A minimum of five (5) years' of demonstrated defined benefit experience processing pension and/or ...

Pension Consultant

Stamford, CT ยท On-site

$70K - $95K/yr

Pension Associates is a third-party administration firm located in Stamford, CT. We have been doing ... Must have 2 - 5 years' experience in Defined Benefit and Defined Contribution administration. Floor ...

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Defined Benefit Pension Analyst information

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$38.5K

$72.3K

$113K

How much do defined benefit pension analyst jobs pay per year?

As of Sep 3, 2026, the average yearly pay for defined benefit pension analyst in the United States is $72,338.00, according to ZipRecruiter salary data. Most workers in this role earn between $56,000.00 and $82,500.00 per year, depending on experience, location, and employer.

What does a defined benefit pension analyst do?

A Defined Benefit Pension Analyst is responsible for evaluating, administering, and managing defined benefit (DB) pension plans, which provide employees with predetermined retirement benefits based on salary and years of service. They analyze plan data, ensure compliance with regulations, calculate pension benefits, and prepare reports for plan sponsors and participants. Their work helps organizations maintain accurate and efficient pension plan operations and supports employees in understanding their retirement benefits.

What are the key skills and qualifications needed to thrive as a defined benefit pension analyst, and why are they important?

To thrive as a Defined Benefit Pension Analyst, you need strong analytical abilities, attention to detail, and a solid grasp of pension regulations, often supported by a degree in mathematics, finance, or a related field. Familiarity with pension administration software, actuarial valuation tools, and proficiency in Excel are typically required, and certifications such as ASPPA or CEBS can be advantageous. Excellent problem-solving, communication, and organizational skills help analysts interpret complex data and explain plan details to clients or stakeholders. These skills ensure precise plan administration, regulatory compliance, and high-quality client service in a detail-driven environment.

What are some common challenges faced by defined benefit pension analysts, and how can they be addressed?

Defined Benefit Pension Analysts often encounter challenges such as interpreting complex plan documents, managing large datasets, and ensuring regulatory compliance. Staying organized and detail-oriented is essential, as even small errors can significantly impact benefit calculations. Collaborating with actuaries, HR staff, and IT teams helps address data discrepancies and clarify plan provisions. Continuous professional development and familiarity with pension software can greatly aid in managing these challenges effectively.

What is the difference between Defined Benefit Pension Analyst vs Actuarial Analyst?

AspectDefined Benefit Pension AnalystActuarial Analyst
CredentialsOften requires a degree in finance, economics, or actuarial science; actuarial exams beneficialRequires a degree in mathematics, statistics, or actuarial science; passing actuarial exams essential
Work EnvironmentFinancial institutions, pension funds, consulting firmsInsurance companies, consulting firms, government agencies
Industry UsagePrimarily in pension and retirement planning sectorsBroader insurance and pension sectors, including retirement and life insurance

While both roles involve financial analysis and require actuarial knowledge, a Defined Benefit Pension Analyst focuses specifically on pension plans and retirement benefits, whereas an Actuarial Analyst has a broader scope across insurance and risk assessment. The roles often overlap in skills and credentials, but their primary focus and industry applications differ.

More about Defined Benefit Pension Analyst jobs

What cities are hiring for Defined Benefit Pension Analyst jobs?

Cities with the most Defined Benefit Pension Analyst job openings:

What are the most commonly searched types of Defined Benefit Pension Analyst jobs?

The most popular types of Defined Benefit Pension Analyst jobs are:

What states have the most Defined Benefit Pension Analyst jobs?

States with the most job openings for Defined Benefit Pension Analyst jobs include:

Infographic showing various Defined Benefit Pension Analyst job openings in the United States as of August 2026, with employment types broken down into 83% Full Time, 15% Part Time, and 2% Contract. Highlights an 80% Physical, 1% Hybrid, and 19% Remote job distribution, with an average salary of $72,338 per year, or $34.8 per hour.

Pension Analyst - Defined Benefit Core Markets

Soteria Reinsurance Ltd.

Covington, KY โ€ข On-site

$90 - $120/hr

Other

Posted 2 days ago

New


Job description

## Pension Analyst - Defined Benefit Core MarketsApplylocations: Covington, KYtime type: Full timeposted on: Posted Yesterdayjob requisition id: 2132753## ## Job Description:**Note: Fidelity is not providing immigration sponsorship for this position.****The Role**In Workplace Investing, the Pension Analyst blends deep Defined Benefit domain expertise with a passion for teamwork, innovation and client management. The Analyst will support the strategic direction of the business, lead highly complex issues to resolution and work with domain professionals to solution client improvements and enhancements through corporate actions & change orders. The Analyst will also engage with other lines of business on projects that affect other Defined Benefit products and services.The Pension Analyst plays an integral role in operational analytics, workflow, team leadership, and project management for client projects and internal initiatives. They will assist Client Managers and Sr. Leaders with initiatives throughout the year, including but not limited to:* Analyze, lead and drive operational services and efficiencies to our clients and organizationโ€™s bottom line.* Provide leadership on ad hoc client or internal projects that will require critical thinking and self-direction.* Provide information and advice on Plan documentation discrepancies and/or guidelines, e.g. data, provisional, or other plan/client issues.* Analyze, review, and guide client teams to the resolution of escalated client or participant issues.* Where applicable, serve as the day-to-day contact for issues to clients and participant for problem resolution, transaction issues, and data questions. Facilitate and/or participant in client meetings.* Serve as a team leader and expert guide on multiple client plan processes, procedures and calculations. Maintain client direction documents.* Own and analyze operational issues and recommend business solutions, based on knowledge of clientโ€™s plan design and system functionality. Work with internal teams to identify, analyze, and implement process and procedural changes based on new regulatory amendments and/or administrative improvements.* Play a significant role in implementation, corporate actions and/or other special projects in addition to the provision of ongoing services. Ensure defects are identified, corrected and tested.**The Expertise and Skills You Bring*** Bachelor Degree or equivalent work experience.* 5-7+ years of defined benefit/pension plan administration experience.* Experience in Project Management and/or Analytics. Ability to run queries, analyze and organize large amounts of data and identify root cause and work towards solutions.* Ability to balance day-to-day management of several project related responsibilities and tasks including highly prioritized requests.* Demonstrate leadership ability with self-motivation and determination and ability to coach and mentor others.* Strong mathematical and analytical skills including ability to perform complex manual calculations within Defined Benefit Plan structures.* Proficient with Microsoft Excel, Access and working experience with data analytics.* Client Management experience including requirement discovery and solution design.**The Team**This role will reside within Workplace Investing Defined Benefit Operations organization. You will be responsible for handling and overseeing the day-to-day delivery of Defined Benefit client servicing, business reporting, contractual obligations, and internal scale & efficiency initiatives. You will support DBโ€™s interests in collaborating with the cross product/functional SMEโ€™s, Center of Excellence and other lines of business. You will work to solve problems and be empowered to make decisions based on trends, issues, and business drivers.Fidelityโ€™s Onsite Working Model Fidelity is transitioning to a full-time onsite working model through a phased rollout across regions and roles. Currently, some roles and locations require 100% onsite presence, while others require less. Onsite expectations are likely to evolve as the rollout continues. This transition does not apply to fully remote roles.## ## Certifications:## ## Category:## OperationsPlease be advised that Fidelityโ€™s business is governed by the provisions of the Securities Exchange Act of 1934, the Investment Advisers Act of 1940, the Investment Company Act of 1940, ERISA, numerous state laws governing securities, investment and retirement-related financial activities and the rules and regulations of numerous self-regulatory organizations, including FINRA, among others. Those laws and regulations may restrict Fidelity from hiring and/or associating with individuals with certain Criminal Histories.### About UsAt Fidelity, we are passionate about making our financial expertise broadly accessible and effective in helping people live the lives they want! We are a privately held company that places a high degree of value in creating and nurturing a work environment that attracts the best talent and reflects our commitment to our associates. We are proud of our diverse and inclusive workplace where we respect and value our associates for their unique perspectives and experiences. For information about working at Fidelity, visit FidelityCareers.com.Fidelity Investments is an equal opportunity employer. #J-18808-Ljbffr