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Pension Risk Transfer Manager Jobs in Chicago, IL

Manager, Ceded Reinsurance

Chicago, IL · On-site

$91K - $120K/yr

The Manager will work closely with reinsurance brokers, the broader Ceded Re team, internal ... Support internal and affiliated captive mandates, as well as risk transfer and capital strategies ...

The largest transfer of wealth in human history. If you're ready to be at the epicenter of this ... We're looking for an exceptional Futures Risk Program Manager to help shape the future of our core ...

... facilitating risk transfer and restoring order to prices. At TransMarket Group you will be called on to work with teammates to eliminate inefficiencies and manage risk in the world's financial ...

Showing results 41-60

Pension Risk Transfer Manager information

See Chicago, IL salary details

$53.1K

$114.9K

$175.1K

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

As of Aug 10, 2026, the average yearly pay for pension risk transfer manager in Chicago, IL is $114,919.00, according to ZipRecruiter salary data. Most workers in this role earn between $92,700.00 and $132,900.00 per year, depending on experience, location, and employer.

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 the most commonly searched types of Pension Risk Transfer jobs in Chicago, IL? The most popular types of Pension Risk Transfer jobs in Chicago, IL are:
What are popular job titles related to Pension Risk Transfer Manager jobs in Chicago, IL? For Pension Risk Transfer Manager jobs in Chicago, IL, the most frequently searched job titles are:
What job categories do people searching Pension Risk Transfer Manager jobs in Chicago, IL look for? The top searched job categories for Pension Risk Transfer Manager jobs in Chicago, IL are:
What cities near Chicago, IL are hiring for Pension Risk Transfer Manager jobs? Cities near Chicago, IL with the most Pension Risk Transfer Manager job openings:
Infographic showing various Pension Risk Transfer Manager job openings in Chicago, IL as of July 2026, with employment types broken down into 87% Full Time, 12% Part Time, and 1% Contract. Highlights an 85% Physical, 2% Hybrid, and 13% Remote job distribution, with an average salary of $114,919 per year, or $55.2 per hour.

Middle Market Broking Midwest Region Leader

Aon

Chicago, IL • On-site

$234K - $300K/yr

Other

Medical, Dental, Vision, Life, Retirement, PTO

Posted 9 days ago


Aon rating

8.1

Company rating: 8.1 out of 10

Based on 77 frontline employees who took The Breakroom Quiz

59th of 150 rated financial services


Job description

We are seeking a dynamic and experienced Regional Leader to join our Middle Market Practice, focusing on providing innovative and tailored commercial insurance solutions to companies. In this role, you will oversee a diverse range of risk management needs, including property, liability, cyber security, employment practices liability, and more. By leveraging advanced technology and data-driven strategies, you will help middle-market businesses identify, assess, and mitigate risks, ensuring they receive customized insurance and risk management solutions that meet their unique challenges. If you are a strategic thinker with a passion for helping businesses navigate complex risks, we encourage you to apply for this exciting opportunity.

The ideal candidate will be based in the Midwest and able to work from a designated office location 4 days per week as part of our hybrid work model.

Aon is in the business of better decisions

At Aon, we shape decisions for the better to protect and enrich the lives of people around the world.

As an organization, we are united through trust as one inclusive team and we are passionate about helping our colleagues and clients succeed.

What the day will look like

  • Operationally leading and managing the team.
  • Providing technical leadership and training to the Middle Market Broking team and broader Practice.
  • Coordinating marketing strategy and broking major accounts and lead lines.
  • Lead broker on complex insurance programs - Perform strategic assessment, design solutions and negotiate risk transfer products.
  • Developing client and network relationships.
  • Ensuring a high level of client retention.
  • Analysis of client's exposures to identify and mitigate risk as well as responsible for the coordination of the placement and day-to-day activities on accounts.
  • Develop & maintain understanding of analytical/actuarial techniques to design and compare risk transfer/financing plans.
  • Effectively plan and lead renewal cycle.
  • Establish credibility (knowledge/trust) with both clients and Aon peers (grow extensive internal network)
  • Develop technical proficiency demonstrating capabilities to build innovative solutions
  • Possess senior executive client communication and negotiation skills (oral & written)
  • Effectively communicate market/industry perspectives and applications to specific client situation.
  • Participate in RFP responses. Assist in business development; expanding engagements with existing clients, sourcing new projects/consultancy services and engaging with our insurer partners.
  • Ensure operational excellence including adherence to service management requirements.
  • Maintain knowledge of Aon's scope of resources and capabilities to promote interdependency and enhanced client services.

How this opportunity is different

This role offers the chance to lead strategic, high-impact work within a growing middle-market segment, leveraging Aon's advanced tools and analytics. It combines team leadership, complex client engagement, and innovative risk solutions-positioning you to influence outcomes at scale while shaping the future of commercial insurance delivery.

Skills and experience that will lead to success

  • Team management experience, preferably over a broad geographical area
  • Proven teamwork skills enabling the candidate to successfully lead broking teams and leverage thought leaders in pursuit of greater client, carrier and Aon outcomes
  • Strong oral presentation skills and the ability to clearly articulate complex messages in written form
  • Involvement in the transaction of insurance for commercial risk/middle market companies
  • A network of carrier relationships, carrier references required
  • Strong negotiation skills
  • Experience using management reports to find opportunities and impact results
  • Consistent achievement of assigned territorial or practice goals
  • Track record of successful recruiting of impactful talent

Bachelor's degree in or equivalent years of industry experience.

  • A Property and Casualty Brokers License is required, or must be obtained within 90 days of hire if not already active

For positions in San Francisco and Los Angeles, we will consider for employment qualified applicants with arrest and conviction record in accordance with local Fair Chance ordinances.

Aon is not accepting unsolicited resumes from search firms for this position. If you are a search firm, you will not be compensated in any way for your submission of a candidate, even if Aon hires that candidate.

Nothing in this job description restricts management's right to assign or reassign duties and responsibilities to this job at any time.

Pay Transparency Laws:

The salary range for this position (intended for U.S. applicants) is $234,600-$300,000 annually. The actual salary will vary based on applicant's education, experience, skills, and abilities, as well as internal equity and alignment with market data. The salary may also be adjusted based on applicant's geographic location.
The salary range reflected is based on a primary work location of Chicago,IL. The actual salary may vary for applicants in a different geographic location.

This position is eligible to participate in one of Aon's annual incentive plans to receive an annual discretionary bonus in addition to base salary. The amount of any bonus varies and is subject to the terms and conditions of the applicable incentive plan.


A summary of all the benefits offered for this position:

Aon offers a comprehensive package of benefits for full-time and regular part-time colleagues, including, but not limited to: a 401(k) savings plan with employer contributions; an employee stock purchase plan; consideration for long-term incentive awards at Aon's discretion; medical, dental and vision insurance. This role does not accrue vacation. Rather, this role is eligible to take paid time off at the discretion of the employee and management in accordance with company policy and practices. Various other types of leaves of absence; paid sick leave as provided under state and local paid sick leave laws, short-term disability and optional long-term disability, health savings account, health care and dependent care reimbursement accounts, employee and dependent life insurance and supplemental life and AD&D insurance; optional personal insurance policies, adoption assistance, tuition assistance, commuter benefits, and an employee assistance program that includes free counseling sessions. Eligibility for benefits is governed by the applicable plan documents and policies.

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About Aon

Sourced by ZipRecruiter

Aon plc (NYSE:AON) is a leading global professional services firm providing a broad range of risk, retirement and health solutions. Our 50,000 colleagues in 120 countries empower results for clients by using proprietary data and analytics to deliver insights that reduce volatility and improve performance.

Industry

Business management consulting

Company size

10,000+ Employees

Headquarters location

Chicago, IL, US

Year founded

1992