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Pension Risk Transfer Manager Jobs in New York (NOW HIRING)

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Pension Risk Transfer Manager information

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 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 are the most commonly searched types of Pension Risk Transfer jobs in New York?

The most popular types of Pension Risk Transfer jobs in New York are:

What are popular job titles related to Pension Risk Transfer Manager jobs in New York?

For Pension Risk Transfer Manager jobs in New York, the most frequently searched job titles are:

What job categories do people searching Pension Risk Transfer Manager jobs in New York look for?

The top searched job categories for Pension Risk Transfer Manager jobs in New York are:

What cities in New York are hiring for Pension Risk Transfer Manager jobs?

Cities in New York with the most Pension Risk Transfer Manager job openings:

Senior Director - Alternative Risk Transfer (ART)

Willis Towers Watson (WTW)

Manhattan, NY

$165K - $180K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 25 days ago


Key responsibilities

  • Execute industry leading ART Solutions in North America through a deep understanding of clients' needs and market capabilities

  • Work with client relationship teams and broking colleagues to build awareness of the WTW strategy and capabilities in the ART Solutions space

  • Lead sales and delivery of complex engagements


Willis Towers Watson rating

8.3

Company rating: 8.3 out of 10

Based on 44 frontline employees who took The Breakroom Quiz

36th of 154 rated financial services


Job description

The Senior Director is responsible for driving the expansion of the Company's Alternative Risk Transfer (ART) strategy by implementing the go-to-market and industry-aligned operating model while ensuring compliance with regulatory requirements and adherence to brand standards. The position also executes transactions across the full spectrum of the Company's ART solutions, with a particular focus on captive de-risking, integrated risk programs, structured solutions, and parametric risk strategies.

Note: visa employment-based non-immigrant visa sponsorship and/or assistance is not offered for this specific job opportunity.
The Role

  • Execute industry leading ART Solutions in North America through a deep understanding of clients' needs and market capabilities

  • Work with client relationship teams and broking colleagues to build awareness of the WTW strategy and capabilities in the ART Solutions space

  • Implement sales strategy and approach to systemic lead generation in key regions and industries.

  • Enhance, harmonize and distribute sales collateral

  • Provide ART thought leadership through the development and publishing of research material, presentations and speaking engagements

  • Matrix with analytics professionals throughout WTW

  • Lead sales and delivery of complex engagements

  • Work internationally and travel as required

The Requirements

  • Master's degree in Risk Management, Finance, Economics, Meteorology, Atmospheric Science, Climate Science, Physics, Engineering, Applied Mathematics, Geography/GIS, Earth Sciences, Geosciences, Agricultural Science, or a related quantitative field preferred but not required.
  • 8+ years of experience in Alternative Risk Transfer (ART), risk management, financial product development, insurance, reinsurance, or related disciplines required.
  • Prior brokerage, underwriting, insurance, or reinsurance experience preferred but not required.
  • Demonstrated track record of successful sales and business development.
  • Strong understanding of weather and climate risks, including hurricanes, tropical cyclones, severe convective storms, flooding, precipitation patterns, temperature extremes, and wildfire-related hazards.
  • Knowledge of weather, climate, and environmental data sources, including NOAA, USGS, satellite, and third-party providers.
  • Experience evaluating data quality and its applicability to insurance, reinsurance, and parametric risk solutions.
  • Understanding of catastrophe modeling, climate risk assessment, exposure management, or quantitative risk analytics preferred.
  • Experience with parametric insurance, weather risk transfer, or climate risk products preferred.
  • Strong analytical, problem-solving, and quantitative skills.
  • Excellent interpersonal, communication, presentation, and relationship management skills.
  • Ability to explain technical concepts to both technical and non-technical audiences.
  • High level of personal integrity and professional judgment.
  • Proven ability to work independently and collaboratively in a team environment.
  • Willingness and ability to travel up to 20%.

This position will remain posted for a minimum of three business days from the date posted or until sufficient/appropriate candidate slate has been identified.
Compensation and Benefits 

Base salary range and benefits information for this position are being included in accordance with requirements of various state/local pay transparency legislation. Please note that salaries may vary for different individuals in the same role based on several factors, including but not limited to location of the role, individual competencies, education/professional certifications, qualifications/experience, performance in the role and potential for revenue generation (Producer roles only).

Compensation 

The base salary compensation range being offered for this role is $165,000-$180,000 USD annually.

This role is also eligible for an annual short-term incentive bonus.
Company Benefits 

WTW provides a competitive benefit package which includes the following (eligibility requirements apply):

  • Health and Welfare Benefits: Medical (including prescription coverage), Dental, Vision, Health Savings Account, Commuter Account, Health Care and Dependent Care Flexible Spending Accounts, Group Accident, Group Critical Illness, Life Insurance, AD&D, Group Legal, Identify Theft Protection, Wellbeing Program and Work/Life Resources (including Employee Assistance Program)
  • Leave Benefits: Paid Holidays, Annual Paid Time Off (includes state/local paid leave where required), Short-Term Disability, Long-Term Disability, Other Leaves (e.g., Bereavement, FMLA, ADA, Jury Duty, Military Leave, and Parental and Adoption Leave), Paid Time Off (only included for Washington roles)
  • Retirement Benefits: Qualified contributory pension plan (if eligible) and 401(k) plan with annual nonelective company contribution. Non-qualified retirement plans available to senior level colleagues who satisfy the plans' eligibility requirements.

Pursuant to the San Francisco Fair Chance Ordinance and Los Angeles County Fair Chance Ordinance for Employers, we will consider for employment qualified applicants with arrest and conviction records.

At WTW, we trust you to know your work and the people, tools and environment you need to be successful. The majority of our colleagues work in a "hybrid" style, with a mix of remote, in-person and in-office interactions dependent on the needs of the team, role and clients. Our flexibility is rooted in trust and "hybrid" is not a one-size-fits-all solution.

We understand flexibility is key to supporting an inclusive and diverse workforce and so we encourage requests for all types of flexible working as well as location-based arrangements. Please speak to your recruiter to discuss more.

EOE, including disability/vets


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