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

Accounting Manager

Elk Grove Village, IL · On-site

$109K - $151K/yr

... risk management, budgeting, and debt administration. The Finance Department is seeking qualified ... Provides oversight and direction for the review and approval of purchase orders, budget transfers ...

Maintain process documentation and ensure compliance with internal policies, risk management ... and pension), health and welfare benefits (medical, dental, vision, spending accounts and ...

Maintain process documentation and ensure compliance with internal policies, risk management ... and pension), health and welfare benefits (medical, dental, vision, spending accounts and ...

Accounting Manager

Elk Grove Village, IL · On-site

$109K - $151K/yr

... risk management, budgeting, and debt administration. The Finance Department is seeking qualified ... Provides oversight and direction for the review and approval of purchase orders, budget transfers ...

WIOA Career Navigator

Elgin, IL · On-site

$55K - $73K/yr

... transfer programs, career and technical education, continuing education classes, and adult basic ... Retirement Plans (Pension, 457b, 403b) * Time Off with Pay * Professional Development/Expense

Showing results 21-38

Pension Risk Transfer information

See Chicago, IL salary details

$14

$31

$76

How much do pension risk transfer jobs pay per hour?

As of Aug 8, 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 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 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 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:
Infographic showing various Pension Risk Transfer job openings in Chicago, IL as of July 2026, with employment types broken down into 1% As Needed, 86% Full Time, 10% Part Time, and 3% Contract. Highlights an 88% Physical, 4% Hybrid, and 8% Remote job distribution, with an average salary of $65,002 per year, or $31.3 per hour.

Client Service and Delivery Manager, Global Fund Services

Northern Trust

Chicago, IL • Hybrid

$103K - $175K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 29 days ago


Northern Trust rating

8.2

Company rating: 8.2 out of 10

Based on 27 frontline employees who took The Breakroom Quiz


Job description

About Northern Trust


As a global leader in innovative wealth management, asset servicing, asset management and banking services, Northern Trust (Nasdaq: NTRS) is proud to guide the world's most successful individuals, families, corporations and institutions.


Since 1889, we have aligned our efforts with our three guiding Principles That Endure: Service, Expertise, and Integrity. Together, they reflect the three cornerstones of business conduct which we strive to instill in our employees, whom we call partners, and to provide to our clients and the communities we serve worldwide.


With more than 135 years of financial experience and over 24,000 partners, we serve the world's most sophisticated clients using leading technology and exceptional service.


Client Service and Delivery Manager, Global Fund Services

Summary

The Client Service and Delivery Manager (CDSM), Global Fund Services, will serve as a senior point of contact for complex client relationships across Custody, Fund Accounting, Transfer Agency, and Middle Office Outsourcing. This role will coordinate service delivery, issue resolution, reporting, and cross functional project execution to help ensure a consistent, high quality client experience.

The position is ideal for a client service leader who can navigate multiple product areas, partner effectively with internal teams, and keep clients informed, supported, and confident in delivery outcomes.

Major Duties and Responsibilities

  • Serve as the senior client contact across applicable product disciplines, providing escalation support for client questions and service issues.

  • Manage client service reviews and due diligence visits across Custody, Fund Accounting, Transfer Agency, and Middle Office Outsourcing.

  • Monitor performance against Service Level Descriptions and ensure timely issue communication and escalation with Relationship Managers, internal partners, and clients.

  • Lead project planning for key clients, ensuring internal and external stakeholders are aligned, informed, and accountable for deliverables.

  • Review, approve, and ensure timely publication of monthly reporting to consultants and clients, including KPI calculations.

  • Support Relationship Manager activities, including at risk reporting, issue reporting, relationship plans, client survey administration, and oversight.

  • Oversee complex, cross disciplinary initiatives and partner across the business to improve efficiency, effectiveness, and productivity.

Qualifications and Experience

  • College or University degree and/or general finance and portfolio management knowledge through proven work experience.

  • Extensive experience in client servicing, investment management outsourcing, fund administration, management accounting, or operations.

  • Technical knowledge of trust or asset management and accounting, usually gained through related work experience.

  • Knowledge of fund structures, general finance, and portfolio management concepts.

  • Strong negotiation, delegation, leadership, communication, and client servicing skills.

  • Functional and industry knowledge with a high level of flexibility and adaptability.

  • Commitment to service excellence and strong client relationship management.

#LI-MG1

#Hybrid

Salary Range:

$103,000 - 175,200 USD

Salary range is a good faith estimate of base pay. Northern Trust provides a comprehensive benefits package including retirement benefits (401k and pension), health and welfare benefits (medical, dental, vision, spending accounts and disability), paid time off, parental and caregiver leave, life & accident insurance, and other voluntary and well-being benefits. Northern Trust also provides a discretionary bonus program that may include an equity component.


Work Authorization


Applicants must be authorized to work in the U.S. without the need for employment-based visa sponsorship now or in the future. Northern Trust will not sponsor applicants for U.S. work visa status for this opportunity (no sponsorship is available for H-1B, L-1, TN, O-1, E-3, H-1B1, F-1, J-1, OPT, CPT or any other employment-based visa).


Working with Us


As a Northern Trust partner, you will be part of a flexible and collaborative work culture, which has a strong history of financial strength and stability. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to an inclusive workplace and assisting the communities we serve.


Philanthropy is deeply rooted in Northern Trust's history and is an essential element of our culture. Employees around the world give their time and talent to work for the greater good of their communities.


Reasonable Accommodation


Northern Trust is committed to working with and providing adjustments to individuals with health conditions and disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at MyHRHelp@ntrs.com, or alternatively you can discuss your individual requirements with the recruiter you are working with.



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