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Pension Risk Transfer Manager Jobs in Windsor, CT

Swiss Re

Clinical Risk Manager

Windsor, CT · On-site

$84K - $140K/yr

... based risk transfer, working to make the world more resilient. We anticipate and manage a wide ... variety of risks, from natural catastrophes and climate change to cybercrime. Combining experience ...

Swiss Re

Clinical Risk Manager

Windsor, CT · Hybrid

$84K - $140K/yr

... based risk transfer, working to make the world more resilient. We anticipate and manage a wide ... variety of risks, from natural catastrophes and climate change to cybercrime. Combining experience ...

IFG Companies

Risk Management Actuary

Hartford, CT · On-site

$150K - $200K/yr

... risk transfer strategies and portfolio monitoring practices support profitable and sustainable ... Supporting enterprise risk management activities through analysis of portfolio risk, premium ...

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Pension Risk Transfer Manager information

See Windsor, CT salary details

$51.3K

$111.1K

$169.2K

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

As of Jul 30, 2026, the average yearly pay for pension risk transfer manager in Windsor, CT is $111,056.00, according to ZipRecruiter salary data. Most workers in this role earn between $89,600.00 and $128,400.00 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 are Pension Risk Transfer Managers?

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, and why are they important?

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 job categories do people searching Pension Risk Transfer Manager jobs in Windsor, CT look for? The top searched job categories for Pension Risk Transfer Manager jobs in Windsor, CT are:
Pension Risk Transfer Manager jobs near you

Transition Consultant, Pension Risk Transfer

Massachusetts Mutual Life Insurance Company (MassMutual)

Springfield, MA • On-site

Full-time

Retirement

Posted 17 days ago

MassMutual rating

7.8

Company rating: 7.8 out of 10

Based on 37 frontline employees who took The Breakroom Quiz

185th of 299 rated insurance

Job description

Transition Consultant, Pension Risk Transfer
Pension Risk Transfer Operations
Full-Time (Hybrid Office - Springfield, MA)
The Opportunity
As a Transition Consultant in Pension Risk Transfer (PRT), you will play a central role in helping plan sponsors successfully transition pension obligations to MassMutual. You will lead the installation of newly sold PRT contracts from point of sale through implementation, ensuring a seamless experience for clients, intermediaries, and annuitants while protecting MassMutual's reputation for operational excellence.
This is a highly visible role for a candidate who combines client leadership, project management discipline, and deep pension knowledge. You will work across legal, actuarial, operations, call center, product filing, and data partners to move complex transactions forward, solve issues quickly, and deliver on critical timelines in a fast-paced, growing business.
The Team
The PRT New Business Team is responsible for supporting the successful onboarding and execution of new PRT business. The group plays a critical role in managing the end-to-end new business lifecycle-from deal close through implementation-ensuring accuracy, readiness, and a seamless transition into ongoing operations.
The team works cross-functionally with partners in pricing, legal, enforce administration, and technology to ensure new cases are set up correctly, complex requirements are addressed, and operational processes are executed efficiently. Their work often includes coordinating data readiness, resolving issues, supporting system configuration, and driving process improvements to enhance scalability in a growing business
The Impact
  • Lead end-to-end implementation of newly sold PRT contracts, serving as the primary point of contact for internal and external stakeholders throughout the transition.
  • Create and manage project plans, drive key milestones, and proactively identify and resolve risks to keep implementations on track.
  • Partner with plan sponsors, intermediaries, legal, actuarial, operations, and data specialists to coordinate deliverables and ensure an exceptional client experience.
  • Review complex pension provisions, support contract and certificate development, and help resolve issues affecting participant populations, benefits, and contract terms.
  • Guide conversations on non-standard benefits and implementation issues, balancing client needs, operational feasibility, and compliance requirements.
  • Coordinate critical implementation outputs, including communications, welcome materials, certificates, and documentation required for state filings and post-installation support.

The Minimum Qualifications
  • High school diploma
  • 5+ years of experience in a client-facing, relationship management, or customer service role.
  • 3+ years of experience leading or coordinating projects, implementations, onboarding activities, or other complex initiatives involving multiple stakeholders and competing priorities.
  • 3+ years of experience in Pension Risk Transfer, defined benefit pensions, retirement operations, benefits administration, or implementation of complex operational programs.

The Ideal Qualifications
  • Bachelor's degree
  • 5+ years of experience in project leadership, pension implementation, operations, or related environment.
  • 5+ years of experience in Pension Risk Transfer or defined benefit pensions, including exposure to complex plan provisions.
  • Demonstrated ability to communicate clearly and effectively in writing and in meetings with a range of stakeholders.
  • Strong attention to detail and ability to manage complex documentation and deliverables accurately.
  • Experience leading cross-functional meetings and coordinating work across multiple business partners.
  • Strong organizational skills with the ability to manage multiple priorities and adjust quickly as business needs evolve.
  • Experience drafting, reviewing, or coordinating pension contracts, certificates, or implementation-related communications.
  • Comfort navigating complex client situations, negotiating solutions, and influencing outcomes across a matrixed environment.
  • Strong critical thinking skills and the ability to assess issues holistically and recommend practical solutions.
  • Experience in financial services, insurance, retirement administration, or another highly regulated environment.

What You Can Expect at MassMutual
MassMutual offers the opportunity to do meaningful work within a purpose-driven organization that values long-term impact over short-term outcomes. In this role, you can expect:
  • Clear areas of ownership and accountability, with work that connects directly to company and customer outcomes
  • A collaborative environment where perspectives are welcomed
  • Access to learning, development, and internal networks that support continuous growth and skill-building over time
  • Employee-led communities and forums that foster connection, learning, and inclusion across the organization
  • A culture grounded in integrity, responsibility, and stewardship-supported by a company with a strong legacy and a future-focused mindset

#LI-MM1
Salary Range:
$88,300-$115,900
At MassMutual, we focus on ensuring fair equitable pay, by providing competitive salaries, along with incentive and bonus opportunities for all employees. Your total compensation package includes either a bonus target or in a sales-focused role a Variable Incentive Compensation component.
Why Join Us.
We've been around since 1851. During our history, we've learned a few things about making sure our customers are our top priority. In order to meet and exceed their expectations, we must have the best people providing the best thinking, products and services. To accomplish this, we celebrate an inclusive, vibrant and diverse culture that encourages growth, openness and opportunities for everyone. A career with MassMutual means you will be part of a strong, stable and ethical business with industry leading pay and benefits. And your voice will always be heard.
We help people secure their future and protect the ones they love. As a company owned by our policyowners, we are defined by mutuality and our vision to put customers first. It's more than our company structure - it's our way of life. We are a company of people protecting people. Our company exists because people are willing to share risk and resources, and rely on each other when it counts. At MassMutual, we Live Mutual.
MassMutual is an equal employment opportunity employer. We welcome all persons to apply.
If you need an accommodation to complete the application process, please contact us and share the specifics of the assistance you need.
At MassMutual, we focus on ensuring fair, equitable pay by providing competitive salaries, along with incentive and bonus opportunities for all employees. Your total compensation package includes either a bonus target or in a sales-focused role a Variable Incentive Compensation component. For more information about our extensive benefits offerings please check out our Total Rewards at a Glance.

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