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Pension Risk Transfer Jobs in Chicago, IL (NOW HIRING)

Northern Trust

Sr Investment Associate

Chicago, IL · On-site

$74K - $126K/yr

Responsible for supporting risk and compliance requirements for the team, including Working ... Processes physical stock/bond certificates and completes DTC transfers. 8. Follows-up with client ...

Northern Trust

Sr Investment Associate

Chicago, IL

$74K - $126K/yr

Responsible for supporting risk and compliance requirements for the team, including Working ... Processes physical stock/bond certificates and completes DTC transfers. 8. Follows-up with client ...

Northern Trust

Sr Investment Associate

Chicago, IL · On-site

$74K - $126K/yr

Responsible for supporting risk and compliance requirements for the team, including Working ... Processes physical stock/bond certificates and completes DTC transfers. 8. Follows-up with client ...

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All JobsPension Risk Transfer JobsPension Risk Transfer Jobs in Chicago, IL

Pension Risk Transfer information

See Chicago, IL salary details

$14

$31

$76

How much do pension risk transfer jobs pay per hour?

As of Jul 30, 2026, the average hourly pay for pension risk transfer in Chicago, IL is $31.25, according to ZipRecruiter salary data. Most workers in this role earn between $20.05 and $39.86 per hour, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive in the Pension Risk Transfer position, and why are they important?

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 typical workday look like for someone in a Pension Risk Transfer role?

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.

What is a Pension Risk Transfer job?

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 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 jobs in Chicago, IL? For Pension Risk Transfer jobs in Chicago, IL, the most frequently searched job titles are:
What job categories do people searching Pension Risk Transfer jobs in Chicago, IL look for? The top searched job categories for Pension Risk Transfer jobs in Chicago, IL are:
Pension Risk Transfer jobs near you
Infographic showing various Pension Risk Transfer job openings in Chicago, IL as of July 2026, with employment types broken down into 89% Full Time, 9% Part Time, 1% Temporary, and 1% Contract. Highlights an 91% Physical, 6% Hybrid, and 3% Remote job distribution, with an average salary of $65,002 per year, or $31.3 per hour.

Risk and Insurance Analyst

Chicago Public Schools

Chicago, IL • On-site

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 15 days ago

Job description

Chicago Public Schools (CPS) is a district on the rise, serving over 325,000 students in 500+ schools and employing over 45,000 people, most of them teachers. CPS has set ambitious goals to ensure that every student, in every school and every neighborhood, has access to a world-class learning experience that prepares each for success in college, career, and civic life. Aligned with our transformed philosophy, we are steadfastly focused on ensuring that the District provides resources equitably to support every student, every school, and every community. Six core values guide the work we do every day for our students - student-centered, whole child, equity, academic excellence, community partnership, and continuous learning. Each role in the district supports our vision that every student deserves a rigorous, joyful, and equitable learning experience.
The Office of Finance maintains the fiscal integrity of Chicago Public Schools (CPS) and provides financial leadership to the Chicago Board of Education according to state and federal legislation, government regulations, Board policies, and sound financial practices. Under the Treasurer, the Office of Risk Management is responsible for managing the property and casualty exposure of the district's plant and operations through insurance policies, self-insurance, claims administration, and risk transfer via vendor contracts.
Job Summary:
Reporting to the Risk and Insurance Manager, the Risk and Insurance Analyst assists in the administration of various financial and risk management matters for CPS. This position involves collaborating with CPS staff, financial professionals, insurance brokers, and vendors to identify and mitigate operational risks - making a positive impact on the public education system and the students we serve. This is a full-time, exempt position that will be paid for time worked on a salary basis.
The Risk and Insurance Analyst will be held accountable for the following responsibilities:
  • Aid in the compliance review of insurance requirements for CPS vendors, based on the guidelines established by the Office of Risk Management.
  • Oversee the issuance of CPS Certificates of Insurance to vendor partners within established limits for special event contracts.
  • Review and evaluate insurance requirements for license agreements or short-term rental contracts related to the use of CPS property.
  • Monitor and work with CPS Student Transportation vendors by maintaining proper insurance policy details and proof of coverage for ongoing reference.
  • Contribute to the annual organization and gathering of information for CPS's own insurance renewal applications, covering liability, property, and specialty areas.
  • Participate in various Risk Management processes, including contracts review, vendor outreach and communication, relationship management, and reporting.
  • Handle various department-related inquiries, escalate when necessary for further review; maintaining accurate records.
  • Coordinate payments for departmental vendor invoices and other payment responsibilities related to Risk Management.
  • Support the Office of Risk Management to achieve department goals.
  • Other duties as assigned.

In order to be successful and achieve the above responsibilities, the Risk and Insurance Analyst must possess the following qualifications:
Education Required:
  • Bachelor's degree from an accredited college or university, preferably in Business Administration, Finance or Risk Management or similarly related field.

Experience Required:
  • Minimum of (3) years of experience in business administration, finance, risk management, or insurance.

Knowledge, Skills, and Abilities:
  • Strong analytical, financial, and problem-solving skills.
  • Ability to interpret and apply CPS Rules and Policies.
  • Excellent communication skills for effective collaboration with various stakeholders.
  • Proficient in Microsoft Office, with advanced Excel skills.
  • Familiarity with Enterprise Financial Systems (EFS) preferred.
  • Adept user of the internet, email, and other office automation systems.
  • Ability to define problems, analyze data, and outline valid conclusions and action steps.

Benefits:
Health & Wellness: Your Care, Your Choice
CPS is committed to providing comprehensive health coverage to our employees and their eligible dependents. You'll have access to a variety of choices to best fit your needs:
Medical Plan Options
Pharmacy
Dental
Vision
Behavioral Health & EAP
Employee Wellness Program
Financial Security: Planning for Today and Tomorrow
We understand the importance of financial stability, which is why CPS offers strong retirement and savings options:
Basic Life Insurance
Life and Disability Insurance
Pension Plans
Supplemental Retirement Plans (403(b) and 457(b))
Flexible Spending Accounts (FSAs)
Spot Pet Insurance
Work-Life Balance: Supporting Your Personal and Professional Life
CPS values the well-being of its employees and offers competitive paid time off policies:
Paid Leave
Sick Leave
Vacation Days
Parental Leaves
Short-Term Disability
Religious Holidays
Leaves
Reference the Chicago Public Schools: A Comprehensive Benefits Overview or the benefits handbook for comprehensive details.
Conditions of Employment
As a condition of employment with the Chicago Public Schools (CPS), employees are required to:
  • Establish/Maintain Chicago Residency - Employees are required to live within the geographic boundaries of the City of Chicago within six months of their CPS hire date and maintain residency throughout their employment with the district. The Chicago residency requirement does not apply to temporary/part-time positions; however, all CPS employees must be residents of Illinois.

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