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Intern Pension Risk Transfer information

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How much do intern pension risk transfer jobs pay per hour?

As of Jul 20, 2026, the average hourly pay for intern pension risk transfer in the United States is $17.04, according to ZipRecruiter salary data. Most workers in this role earn between $14.42 and $19.23 per hour, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive as an Intern in Pension Risk Transfer, and why are they important?

To thrive as an Intern in Pension Risk Transfer, you need a solid foundation in finance, mathematics, and analytical thinking, often supported by progress toward a degree in actuarial science, finance, or a related field. Familiarity with Excel, actuarial modeling software, and data analysis tools is typically required, along with understanding of pension regulations. Strong attention to detail, communication skills, and the ability to work collaboratively are valuable soft skills in this role. These competencies ensure accurate risk assessments, effective teamwork, and successful support of complex pension transactions.

What does an Intern Pension Risk Transfer do?

An Intern Pension Risk Transfer assists with the analysis, implementation, and management of pension risk transfer transactions. These interns typically support senior team members by gathering data, running financial models, preparing reports, and helping with client communications. Their work helps organizations move pension liabilities to insurance companies or other third parties, reducing long-term financial risk. Through this internship, students gain valuable exposure to actuarial science, finance, and risk management within the pension industry.

What are some typical projects or tasks an Intern in Pension Risk Transfer might work on during their internship?

As an Intern in Pension Risk Transfer, you can expect to support senior team members on projects such as analyzing pension plan data, assisting with risk assessment models, and preparing presentations for client meetings. You may also help in researching market trends, preparing documentation for transactions, and collaborating with actuaries and investment professionals. This hands-on experience provides valuable exposure to the technical and client-facing aspects of pension risk transfer transactions, helping you build foundational skills for a future career in actuarial science or financial consulting.

What is the difference between Intern Pension Risk Transfer vs Pension Actuary?

AspectIntern Pension Risk TransferPension Actuary
CredentialsInternship, basic actuarial courseworkProfessional actuarial certifications (e.g., ASA, FSA)
Work EnvironmentEntry-level, internship setting, insurance or consulting firmsSenior-level, consulting or insurance companies, specialized in pension plans
Industry UsageAssisting with pension risk transfer projects, data analysisDesigning pension strategies, valuation, risk assessment

Intern Pension Risk Transfer roles focus on supporting pension risk transfer projects through data analysis and administrative tasks, often as part of an internship. Pension Actuaries are experienced professionals responsible for complex pension valuations, risk management, and strategic planning. While interns gain foundational knowledge, pension actuaries provide expert insights and decision-making in pension management.

What cities are hiring for Intern Pension Risk Transfer jobs? Cities with the most Intern Pension Risk Transfer job openings:
What are the most commonly searched types of Pension Risk Transfer jobs? The most popular types of Pension Risk Transfer jobs are:
What states have the most Intern Pension Risk Transfer jobs? States with the most job openings for Intern Pension Risk Transfer jobs include:
Intern Pension Risk Transfer jobs near you
Transition Consultant, Pension Risk Transfer

Transition Consultant, Pension Risk Transfer

Massachusetts Mutual Life Insurance Company (MassMutual)

Springfield, MA • On-site

Full-time

Retirement

Posted 7 days ago

New

MassMutual rating

8.1

Company rating: 8.1 out of 10

Based on 36 frontline employees who took The Breakroom Quiz

133rd of 281 rated insurance

Job description

Transition Consultant, Pension Risk Transfer
Pension Risk Transfer Operations
Full-Time (Hybrid Office - Springfield, MA)
The Opportunity
As a Transition Consultant in Pension Risk Transfer (PRT), you will play a central role in helping plan sponsors successfully transition pension obligations to MassMutual. You will lead the installation of newly sold PRT contracts from point of sale through implementation, ensuring a seamless experience for clients, intermediaries, and annuitants while protecting MassMutual's reputation for operational excellence.
This is a highly visible role for a candidate who combines client leadership, project management discipline, and deep pension knowledge. You will work across legal, actuarial, operations, call center, product filing, and data partners to move complex transactions forward, solve issues quickly, and deliver on critical timelines in a fast-paced, growing business.
The Team
The PRT New Business Team is responsible for supporting the successful onboarding and execution of new PRT business. The group plays a critical role in managing the end-to-end new business lifecycle-from deal close through implementation-ensuring accuracy, readiness, and a seamless transition into ongoing operations.
The team works cross-functionally with partners in pricing, legal, enforce administration, and technology to ensure new cases are set up correctly, complex requirements are addressed, and operational processes are executed efficiently. Their work often includes coordinating data readiness, resolving issues, supporting system configuration, and driving process improvements to enhance scalability in a growing business
The Impact
  • Lead end-to-end implementation of newly sold PRT contracts, serving as the primary point of contact for internal and external stakeholders throughout the transition.
  • Create and manage project plans, drive key milestones, and proactively identify and resolve risks to keep implementations on track.
  • Partner with plan sponsors, intermediaries, legal, actuarial, operations, and data specialists to coordinate deliverables and ensure an exceptional client experience.
  • Review complex pension provisions, support contract and certificate development, and help resolve issues affecting participant populations, benefits, and contract terms.
  • Guide conversations on non-standard benefits and implementation issues, balancing client needs, operational feasibility, and compliance requirements.
  • Coordinate critical implementation outputs, including communications, welcome materials, certificates, and documentation required for state filings and post-installation support.

The Minimum Qualifications
  • High school diploma
  • 5+ years of experience in a client-facing, relationship management, or customer service role.
  • 3+ years of experience leading or coordinating projects, implementations, onboarding activities, or other complex initiatives involving multiple stakeholders and competing priorities.
  • 3+ years of experience in Pension Risk Transfer, defined benefit pensions, retirement operations, benefits administration, or implementation of complex operational programs.

The Ideal Qualifications
  • Bachelor's degree
  • 5+ years of experience in project leadership, pension implementation, operations, or related environment.
  • 5+ years of experience in Pension Risk Transfer or defined benefit pensions, including exposure to complex plan provisions.
  • Demonstrated ability to communicate clearly and effectively in writing and in meetings with a range of stakeholders.
  • Strong attention to detail and ability to manage complex documentation and deliverables accurately.
  • Experience leading cross-functional meetings and coordinating work across multiple business partners.
  • Strong organizational skills with the ability to manage multiple priorities and adjust quickly as business needs evolve.
  • Experience drafting, reviewing, or coordinating pension contracts, certificates, or implementation-related communications.
  • Comfort navigating complex client situations, negotiating solutions, and influencing outcomes across a matrixed environment.
  • Strong critical thinking skills and the ability to assess issues holistically and recommend practical solutions.
  • Experience in financial services, insurance, retirement administration, or another highly regulated environment.

What You Can Expect at MassMutual
MassMutual offers the opportunity to do meaningful work within a purpose-driven organization that values long-term impact over short-term outcomes. In this role, you can expect:
  • Clear areas of ownership and accountability, with work that connects directly to company and customer outcomes
  • A collaborative environment where perspectives are welcomed
  • Access to learning, development, and internal networks that support continuous growth and skill-building over time
  • Employee-led communities and forums that foster connection, learning, and inclusion across the organization
  • A culture grounded in integrity, responsibility, and stewardship-supported by a company with a strong legacy and a future-focused mindset

#LI-MM1
Salary Range:
$88,300-$115,900
At MassMutual, we focus on ensuring fair equitable pay, by providing competitive salaries, along with incentive and bonus opportunities for all employees. Your total compensation package includes either a bonus target or in a sales-focused role a Variable Incentive Compensation component.
Why Join Us.
We've been around since 1851. During our history, we've learned a few things about making sure our customers are our top priority. In order to meet and exceed their expectations, we must have the best people providing the best thinking, products and services. To accomplish this, we celebrate an inclusive, vibrant and diverse culture that encourages growth, openness and opportunities for everyone. A career with MassMutual means you will be part of a strong, stable and ethical business with industry leading pay and benefits. And your voice will always be heard.
We help people secure their future and protect the ones they love. As a company owned by our policyowners, we are defined by mutuality and our vision to put customers first. It's more than our company structure - it's our way of life. We are a company of people protecting people. Our company exists because people are willing to share risk and resources, and rely on each other when it counts. At MassMutual, we Live Mutual.
MassMutual is an equal employment opportunity employer. We welcome all persons to apply.
If you need an accommodation to complete the application process, please contact us and share the specifics of the assistance you need.
At MassMutual, we focus on ensuring fair, equitable pay by providing competitive salaries, along with incentive and bonus opportunities for all employees. Your total compensation package includes either a bonus target or in a sales-focused role a Variable Incentive Compensation component. For more information about our extensive benefits offerings please check out our Total Rewards at a Glance.

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