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Pension Risk Transfer Manager Jobs in Alabama (NOW HIRING)

PNC Bank

Detect & Investig Assoc

Birmingham, AL

$52K - $96K/yr

Managing Risk - Assessing and effectively managing all of the risks associated with their business ... pension and stock purchase plans; dependent care reimbursement account; back-up child/elder care ...

PNC Bank

Senior Counsel Trusts and Estates

Birmingham, AL · On-site

$133K - $296K/yr

Managing Risk - Assessing and effectively managing all of the risks associated with their business ... pension and stock purchase plans; dependent care reimbursement account; back-up child/elder care ...

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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.
What are popular job titles related to Pension Risk Transfer Manager jobs in Alabama? For Pension Risk Transfer Manager jobs in Alabama, the most frequently searched job titles are:
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:
Pension Risk Transfer Manager jobs near you

Bank Operations Funds Transfer Specialist

Regions Bank

Birmingham, AL • On-site

$40K - $48K/yr

Other

Medical, Dental, Vision, Life, Retirement, PTO

Posted 3 days ago

New

Regions Bank rating

8.1

Company rating: 8.1 out of 10

Based on 158 frontline employees who took The Breakroom Quiz

65th of 170 rated banks

Job description

Thank you for your interest in a career at Regions. At Regions, we believe associates deserve more than just a job. We believe in offering performance-driven individuals a place where they can build a career --- a place to expect more opportunities. If you are focused on results, dedicated to quality, strength and integrity, and possess the drive to succeed, then we are your employer of choice.
Regions is dedicated to taking appropriate steps to safeguard and protect private and personally identifiable information you submit. The information that you submit will be collected and reviewed by associates, consultants, and vendors of Regions in order to evaluate your qualifications and experience for job opportunities and will not be used for marketing purposes, sold, or shared outside of Regions unless required by law. Such information will be stored in accordance with regulatory requirements and in conjunction with Regions' Retention Schedule for a minimum of three years. You may review, modify, or update your information by visiting and logging into the careers section of the system.
Job Description:
At Regions, the Bank Operations Funds Transfer Specialist performs processing for all regular, restricted, and legal transfers including Society for Worldwide Interbank Financial Telecommunication (S.W.I.F.T.) payments and transfers.
Primary Responsibilities

  • Enters transfer instructions and performs necessary verifications
  • Handles instruction receipts and authentication
  • Completes processing of end-of-day general ledger entries
  • Executes transactions and maintains records
  • Provides advice and guidance to less experienced associates as needed
  • Ensures compliance with risk management programs, rules and regulations, and cybersecurity practices; identifies opportunities for and supports process improvements; applies disciplined change management practices
  • May perform quality reviews to ensure production systems are posting properly
This position requires the tracking of time and is eligible for overtime hours worked in excess of 40 per week under the Fair Labor Standards Act.
Requirements
  • High School Diploma or GED
  • Two (2) years of related banking or operations experience
Skills and Competencies
  • Ability to interpret and ensure compliance with applicable rules, regulations, and industry guidance
  • Ability to work in a fast-paced environment
  • General knowledge of banking procedures
  • Proficiency in Microsoft Office (Excel, Word, etc.)
  • Strong verbal, written communication, and organizational skills
  • Strong work ethic and self-motivation
Strongly Preferred:
  • Wire Transfer Processing Experience - Knowledge of domestic, international, and SWIFT wire transactions.
  • Transaction Authentication & Verification Experience - Experience validating customer identity, authorizations, and wire instructions.
  • Attention to Detail - Ability to accurately review, verify, and process time-sensitive financial transactions.
  • Customer Service & Phone Support Experience - Comfortable assisting clients and handling transaction-related inquiries.
  • Banking Operations Experience - Knowledge of funds transfers, account services, and operational controls.
  • Problem-Solving & Research Skills - Ability to investigate and resolve transaction exceptions and discrepancies.
Proximity to Hoover, AL required. There is a minimum of three days working in the office required.
Position Type
Full time
Compensation Details
Pay ranges are job specific and are provided as a point-of-market reference for compensation decisions. Other factors which directly impact pay for individual associates include: experience, skills, knowledge, contribution, job location and, most importantly, performance in the job role. As these factors vary by individuals, pay will also vary among individual associates within the same job.
The target information listed below is based on the Metropolitan Statistical Area Market Range for where the position is located and level of the position.
Job Range Target:
Minimum:
$40,000.00 USD
Median:
$48,310.00 USD
Incentive Pay Plans:
This job is not incentive eligible.
Benefits Information
Regions offers a benefits package that is flexible, comprehensive and recognizes that "one size does not fit all" for benefits-eligible associates. Listed below is a synopsis of the benefits offered by Regions for informational purposes, which is not intended to be a complete summary of plan terms and conditions.
  • Paid Vacation/Sick Time
  • 401K with Company Match
  • Medical, Dental and Vision Benefits
  • Disability Benefits
  • Health Savings Account
  • Flexible Spending Account
  • Life Insurance
  • Parental Leave
  • Employee Assistance Program
  • Associate Volunteer Program

Please note, benefits and plans may be changed, amended, or terminated with respect to all or any class of associate at any time. To learn more about Regions' benefits, please click or copy the link below to your browser.
https://www.regions.com/about-regions/welcome-portal/benefits
Location Details
Riverchase Operations Center
Location:
Hoover, Alabama
Equal Opportunity Employer/including Disabled/Veterans
Job applications at Regions are accepted electronically through our career site for a minimum of five business days from the date of posting. Job postings for higher-volume positions may remain active for longer than the minimum period due to business need and may be closed at any time thereafter at the discretion of the company.

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