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Pension Risk Transfer Manager Jobs in Alabama (NOW HIRING)

Position Summary The Catastrophe Risk Analyst role involves critical assessment and management of ... The wage range for this role considers many factors, such as training, transferable skills, work ...

Catastrophe Risk Analyst

Birmingham, AL · On-site

$72K - $90K/yr

Position Summary The Catastrophe Risk Analyst role involves critical assessment and management of ... The wage range for this role considers many factors, such as training, transferable skills, work ...

Associate II, Risk Analyst

Birmingham, AL · On-site +1

$70K - $100K/yr

The Enterprise Risk Management (ERM) team is responsible for management, monitoring, reporting and ... Some of the financial wellbeing benefits include contributions to healthcare accounts, a pension ...

Associate II, Risk Analyst

Birmingham, AL · On-site

$70K - $100K/yr

The Enterprise Risk Management (ERM) team is responsible for management, monitoring, reporting and ... Some of the financial wellbeing benefits include contributions to healthcare accounts, a pension ...

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Pension Risk Transfer Manager information

What are some common challenges faced by a pension risk transfer manager during the execution of transactions?

A Pension Risk Transfer Manager often navigates complex regulatory requirements, tight transaction timelines, and the need to align multiple stakeholders, including plan sponsors, actuaries, and legal advisors. Managing sensitive data and ensuring accurate valuation of pension liabilities are critical, as errors can impact both financial outcomes and participant security. Effective communication, attention to detail, and problem-solving skills are essential to anticipate and address issues that may arise during the transfer process.

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

AspectPension Risk Transfer ManagerPension Actuary
CredentialsTypically requires actuarial certifications (e.g., ASA, FSA) and industry experienceRequires actuarial credentials (e.g., ASA, FSA) and often a state license
Work EnvironmentFocuses on managing pension risk transfer deals, client interactions, and project executionInvolves risk assessment, modeling, and valuation work within insurance or consulting firms
Industry UsageCommon in pension risk transfer, insurance, and consulting firmsWidely used in insurance companies, consulting firms, and government agencies

The main difference is that Pension Risk Transfer Managers oversee pension buyouts and risk transfer projects, focusing on deal execution and client management, while Pension Actuaries perform detailed risk assessments, valuations, and modeling to support these transactions. Both roles require actuarial credentials but differ in daily responsibilities and focus areas.

What is a pension risk transfer manager?

Pension Risk Transfer Managers are professionals who oversee the process of transferring pension liabilities from a company's balance sheet to an insurance company or other financial institution. They help organizations manage and reduce the financial risks associated with defined benefit pension plans by facilitating transactions such as buyouts or buy-ins. These managers are responsible for evaluating pension plans, coordinating with stakeholders, and ensuring that the transfer process complies with regulations and meets the needs of both the plan sponsor and participants.

What are the key skills and qualifications needed to thrive as a pension risk transfer manager?

To thrive as a Pension Risk Transfer Manager, you need expertise in pension plan structures, actuarial analysis, financial risk assessment, and typically a background in finance, actuarial science, or a related field. Familiarity with pension management software, actuarial modeling tools, and regulatory compliance systems is crucial, along with credentials such as ASA, FSA, or CFA. Strong project management, negotiation, and client relationship skills help you navigate complex transactions and communicate effectively with stakeholders. These skills ensure the accurate assessment and successful execution of pension risk transfer deals, safeguarding client interests and regulatory compliance.
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What job categories do people searching Pension Risk Transfer Manager jobs in Alabama look for? The top searched job categories for Pension Risk Transfer Manager jobs in Alabama are:
What cities in Alabama are hiring for Pension Risk Transfer Manager jobs? Cities in Alabama with the most Pension Risk Transfer Manager job openings:

Senior Risk Manager - Construction

Turner & Townsend

Huntsville, AL

Full-time

Posted 2 days ago

New


Job description

Company Description

Turner & Townsend is a global professional services company with over 22,000 people in more than 60 countries. 

Working with our clients across real estate, infrastructure, energy and natural resources, we transform together delivering outcomes that improve people's lives. Working in partnership makes it possible to deliver the world's most impactful projects and programmes as we turn challenge into opportunity and complexity into success. 

Our capabilities include programme, project, cost, asset and commercial management, controls and performance, procurement and supply chain, net zero and digital solutions. 

We are majority-owned by CBRE Group, Inc., the world's largest commercial real estate services and investment firm, with our partners holding a significant minority interest. Turner & Townsend and CBRE work together to provide clients with the premier programme, project and cost management offering in markets around the world. 

Job Description

Turner & Townsendis looking for Senior Risk Managerto join our growing team. The ideal individual will be an experienced risk professional that has supported large scale construction projects. 

Responsibilities: 

  • Maintain visibility of threat/opportunity trigger points to facilitate risk cost profiling, timely drawdown of risk budget or retirement of threat/opportunity. 
  • Use risk data to inform investment planning. 
  • Monitor overall risk exposure and assess the remaining risk budget. 
  • Work with contractors to assess contractors held risks and their views on client held risks that impact upon them. 
  • Produce risk reports as required, in a timely manner, to support the effective communication of threat and opportunity status. 
  • Conduct quantitative risk assessment (cost and schedule) to inform project contingency levels. 
  • Initiate a proactive approach to the review, development and improvement of risk management services for the client. 
  • Undertake end-to-end project risk management practices on multiple projects/programs. 
  • Undertake the creation of risk management plans and processes in adherence to client requirements, processes, policies, and frameworks. 
  • Conduct risk reviews at regular intervals, identify and analyze, determine response plans, ensure that project and program risk profiles are being monitored and reported. 
  • Lead and run a comprehensive schedule and cost-effective risk assessment (QCRA & QSRA) process is delivered. 
  • Establish integration of the risk management function within the program and project controls team, with direct touch points to cost and schedule management, change control, and reporting. 
  • Work proactively and collaboratively with program and project control teams to eliminate redundancies and identify improvement opportunities. 
  • Provide opportunities to facilitate the transfer of knowledge within the immediate risk team, to the greater project controls team, and to the client. The transfer of knowledge may include informal one-on-one discussions with client stakeholders and more formal presentations to clients and colleagues. 
  • Create value stream mapping to quantify pain points and develop solutions to minimize waste (both in terms of speed and cost). 
  • Collaborate on the supplier performance management program including the collection of performance metrics and tracking supplier improvement action plans. 
  • Demonstrate a level of support to expert witnesses in arbitral or ligation processes. 
  • Lead, manage, and carry out construction stage contract and claims management. 
  • Carry out assessment of contractual claims in accordance with the contract. 
  • Provide strategic and contractual advice on disputes and related resolution issues. 
  • Evaluate delay recovery measures. 
  • Carry out change management and construction stage cost control. 
  • Supervise the measurement and valuation of completed works and variations. 
  • Manage the settlement of final accounts with contractors 
  • SOX control responsibilities may be part of this role, which are to be adhered to where applicable.
Qualifications
  • Bachelor's degree in construction management, cost management, quantity surveying, engineering or field related to construction. 
  • Minimum 5-7 years of applicable experience 
  • Relevant construction project procurement and contract management experience. 
  • Demonstrated experience within a Program Management or Program Controls environment 
  • Deep knowledge and experience with risk identification, facilitation and techniques. 
  • Strong communication, analytical and negotiation skills. 
  • In-depth understanding of construction contracts, commercial models, and delivery methods. 
  • Proficient in process mapping, root causes analysis, problem solving, and value-stream mapping. 
  • Familiarity with web-based database tools - ARM, Predict, Tableau 
  • Highly self-motivated, analytical, and customer centric. 
  • Excellent communication skills. 
Additional Information

*On-site presence and requirements may change depending on our clients' needs.*

Our inspired people share our vision and mission. We provide a great place to work, where each person has the opportunity and voice to affect change.

We want our people to succeed both in work and life. To support this we promote a healthy, productive and flexible working environment that respects work-life balance. 

Turner & Townsend is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees and actively encourage applications from all sectors of the community.

Please find out more about us at www.turnerandtownsend.com/

Turner & Townsend does not accept any speculative or unsolicited CV's that have been sent to our internal recruitment team or hiring managers from agencies outside of our preferred supplier list or that have not followed due process. Any speculative or unsolicited CV's will be treated as a direct application.


All your information will be kept confidential according to EEO guidelines.
 

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It is strictly against Turner & Townsend policy for candidates to pay any fee in relation to our recruitment process. No recruitment agency working with Turner & Townsend will ask candidates to pay a fee at any time. 

Any unsolicited resumes/CVs submitted through our website or to Turner & Townsend personal e-mail accounts, are considered property of Turner & Townsend and are not subject to payment of agency fees. In order to be an authorised Recruitment Agency/Search Firm for Turner & Townsend, there must be a formal written agreement in place and the agency must be invited, by the Recruitment Team, to submit candidates for review.Â