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Pension Risk Transfer Jobs in Massachusetts (NOW HIRING)

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Pension Risk Transfer information

What are the key skills and qualifications needed to thrive in pension risk transfer?

To thrive in Pension Risk Transfer, you need a solid background in actuarial science, finance, or mathematics, along with strong analytical skills and an understanding of pension regulations. Experience with actuarial modeling software, Excel, and relevant professional certifications (such as ASA, FSA, or CFA) are typically required. Effective communication, attention to detail, and the ability to manage multiple projects simultaneously are standout soft skills in this field. These competencies are essential to accurately assess pension liabilities, collaborate with stakeholders, and execute complex transactions that mitigate organizational risks.

What does a pension risk transfer do?

A typical workday in Pension Risk Transfer involves analyzing pension plan data, modeling financial scenarios, and preparing reports to support risk assessment and transaction recommendations. You’ll frequently collaborate with actuaries, legal teams, investment managers, and external partners such as insurers and plan sponsors. The role often includes participating in client meetings, managing timelines for ongoing projects, and ensuring regulatory compliance throughout the transaction process. It’s a dynamic environment that requires balancing technical analysis with effective communication and project management skills.

How does a pension risk transfer work?

A pension risk transfer involves a pension plan transferring its liabilities and associated risks to a third-party insurer through a buyout or buy-in. This process typically requires actuarial assessments, financial modeling, and compliance with regulatory standards, and it helps pension plans reduce funding volatility and long-term obligations.

What is a pension risk transfer?

A Pension Risk Transfer (PRT) job involves managing and executing transactions that transfer pension liabilities from corporate pension plans to insurance companies. Professionals in this role analyze pension obligations, assess risks, and structure deals to ensure financial security for plan beneficiaries. They work closely with actuaries, legal teams, and financial analysts to design solutions that reduce employer pension risks. Key responsibilities may include pricing annuity contracts, regulatory compliance, and market research.

What are popular job titles related to Pension Risk Transfer jobs in Massachusetts?

For Pension Risk Transfer jobs in Massachusetts, the most frequently searched job titles are:

What job categories do people searching Pension Risk Transfer jobs in Massachusetts look for?

The top searched job categories for Pension Risk Transfer jobs in Massachusetts are:

Pension Risk Transfer jobs near you
Infographic showing various Pension Risk Transfer job openings in Massachusetts as of August 2026, with employment types broken down into 100% Full Time. Highlights an 100% In-person job distribution.

Transition Consultant, Pension Risk Transfer

Massachusetts Mutual Life Insurance Company (MassMutual)

Springfield, MA • On-site

Full-time

Retirement

Re-posted 4 days ago

MassMutual rating

7.8

Company rating: 7.8 out of 10

Based on 37 frontline employees who took The Breakroom Quiz

193rd of 308 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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