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Pension Risk Transfer Manager Jobs in Bloomington, IL

Program Manager - Engineering

Lincoln, IL · On-site

$97 - $143/hr

  • Medical

  • Retirement

The Program Manager manages the project planning, execution, requirements changes, risk mitigation ... Support global transfer of assets between Eaton organizations and external entities. * Communicate ...

Program Manager - Engineering

Lincoln, IL · On-site

$97K - $143K/yr

  • Medical

  • Retirement

The Program Manager manages the project planning, execution, requirements changes, risk mitigation ... Support global transfer of assets between Eaton organizations and external entities. * Communicate ...

... ETL tool sets. Follows company software development lifecycle to design, code, configure, test ... Risk Management Agency, the Payment Card Industry Data Security Standard, the New York Department ...

... ETL tool sets. Follows company software development lifecycle to design, code, configure, test ... Risk Management Agency, the Payment Card Industry Data Security Standard, the New York Department ...

Sales and Client Experience Specialist

Bloomington, IL · On-site

$63K - $106K/yr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

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 ...

Sales and Client Experience Specialist

Bloomington, IL

$63K - $106K/yr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

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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Showing results 1-20

Pension Risk Transfer Manager information

See Bloomington, IL salary details

$49.4K

$107K

$163.1K

How much do pension risk transfer manager jobs pay per year?

As of Aug 19, 2026, the average yearly pay for pension risk transfer manager in Bloomington, IL is $107,008.00, according to ZipRecruiter salary data. Most workers in this role earn between $86,300.00 and $123,700.00 per year, depending on experience, location, and employer.

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 job categories do people searching Pension Risk Transfer Manager jobs in Bloomington, IL look for?

The top searched job categories for Pension Risk Transfer Manager jobs in Bloomington, IL are:

What cities near Bloomington, IL are hiring for Pension Risk Transfer Manager jobs?

Cities near Bloomington, IL with the most Pension Risk Transfer Manager job openings:

Infographic showing various Pension Risk Transfer Manager job openings in Bloomington, IL as of June 2026, with employment types broken down into 2% As Needed, 57% Full Time, 32% Part Time, 2% Temporary, and 7% Contract. Highlights an 96% Physical, 1% Hybrid, and 3% Remote job distribution, with an average salary of $107,008 per year, or $51.4 per hour.

Program Manager - Engineering

Eaton Corporation

Lincoln, IL • On-site

$97 - $143/hr

Other

Medical, Retirement

Posted 8 days ago


Eaton rating

7.7

Company rating: 7.7 out of 10

Based on 224 frontline employees who took The Breakroom Quiz

200th of 540 rated manufacturers


Job description

Eaton is seeking a Program Manager for its medium complexity projects, supporting the Residential & Wiring Devices Division (RWD) in the Electrical Sector Americas region. This position will be located at our Lincoln, IL facility. Relocation assistance will be provided.

This position is responsible for the management of medium complexity projects for Eaton RWDD Programs. The Program Manager manages the project planning, execution, requirements changes, risk mitigation, and issue tracking. This will include the use of the PROLaunch process, Design and Process Failure Modes and Effects Analysis (FMEA), Multi‑Generational Product Planning (MGPP), SIOP input, and industrialization. In addition, this position will assist in product transitioning.

The expected annual salary range for this role is $97,000 – $143,000 per year. This position is also eligible for a variable incentive program. Salaries are based upon candidate skills, experience, and qualifications, as well as market and business considerations.

What you’ll do:
  • Drive accountability for project scope and successful execution within technical, schedule, cost and quality commitments.
  • Establish objectives, goals, and provide direction to the program and project teams in areas of customer needs, potential changes in scope and risk assessment.
  • Ensure the PROLaunch team creates and maintains the Activity Matrix deliverables and leads the Program team during phases and Gate Review events.
  • Ensure standard program management processes are utilized and adequate support to the program and project teams by coordinating PM reviews, preparing & publishing PM metrics and reports.
  • Work in a cross‑disciplinary manner with other departments (e.g., Manufacturing, Marketing, Procurement, Customer Support, Suppliers, etc.) and facilitate the PROLaunch processes.
  • Coordinate all risks and requirements of the program by planning, controlling, integrating all projects into the programs and measuring all elements to ensure the requirements and goals are successfully achieved through team meetings.
  • Financial acumen to complete required capital appropriation request for the assigned programs.
  • Support global transfer of assets between Eaton organizations and external entities.
  • Communicate timely project status to internal leaders.
  • Understand project impact to the business and identify impact of project changes on the portfolio.
  • Drive the implementation of company standard tools to improve Program Management performance at the site (such as ProPM and IBP).
  • Complete other duties as assigned.
Basic Qualifications:
  • Bachelor’s degree from an accredited institution.
  • Three (3) years of combined experience in manufacturing, engineering, program management or leadership of project teams.
  • Ability to travel on business up to 20% of the time, including international travel.
  • Eaton will not consider applicants for employment immigration sponsorship or support for this position.
Preferred Qualifications:
  • Bachelor’s degree in engineering from an accredited institution.
  • Knowledge or experience in risk management and product design.
  • Five (5) years of program leadership with the ability to manage both horizontally and vertically within a complex matrix organization.
  • Experience with Project Management software, MAPICS, and PowerBI tools.
  • Project Management Institute (PMI) accreditation (PMP).
  • Bilingual (Spanish & English).
Skills:
  • Well‑developed communication and presentation skills – both verbal and written with ability to make necessary status reports and technical presentations to Eaton management and customer.
  • Strong analytical skills and business acumen.
  • Ability to achieve goals by working collaboratively and cross‑functionally.
  • Capacity to work effectively in diverse cultural situations with our global team members.
  • Capability to initiate and provide recommendations for Business Unit and Division senior leadership review and approval that will achieve desired outcomes.

Eaton provides a comprehensive benefits program, including health and welfare benefits, retirement benefits, and programs for paid and unpaid time away from work.

We are committed to ensuring equal employment opportunities for all job applicants and employees. Employment decisions are based upon job‑related reasons regardless of an applicant's race, color, religion, sex, sexual orientation, gender identity, age, national origin, disability, marital status, genetic information, protected veteran status, or any other status protected by law.

Eaton believes in second‑chance employment. Qualified applicants with arrest or conviction history will be considered regardless of their arrest or conviction history, consistent with the Los Angeles County Fair Chance Ordinance, the California Fair Chance Act and other local laws.

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About Eaton

Sourced by ZipRecruiter

Industry

Electrical equipment, appliance, and component manufacturing

Company size

10,000+ Employees

Headquarters location

Cleveland, OH, US