ZipRecruiter

Log In

1

Pensions Actuary Jobs in Springfield, MA (NOW HIRING)

next page

Showing results 1-20

All JobsPensions Actuary JobsPensions Actuary Jobs in Springfield, MA

Pensions Actuary information

See Springfield, MA salary details

$112.6K

$131.4K

$137K

How much do pensions actuary jobs pay per year?

As of Aug 31, 2026, the average yearly pay for pensions actuary in Springfield, MA is $131,380.00, according to ZipRecruiter salary data. Most workers in this role earn between $116,100.00 and $136,500.00 per year, depending on experience, location, and employer.

What is a pensions actuary?

Pensions Actuaries are professionals who specialize in assessing and managing the financial risks associated with pension plans and retirement funds. They use mathematics, statistics, and financial theory to evaluate the long-term costs and sustainability of these plans, ensuring that there are enough assets to meet future obligations to retirees. Pensions Actuaries often advise employers, trustees, and regulators on plan design, funding strategies, and regulatory compliance. Their work helps secure the financial stability of retirement benefits for employees.

What skills and qualifications are needed to thrive as a pensions actuary?

To thrive as a Pensions Actuary, you need strong mathematical and analytical skills, a degree in mathematics or a related field, and progress toward or completion of actuarial credentials (such as the ASA or FSA). Familiarity with actuarial modeling software, pension valuation systems, and regulatory compliance tools is essential. Exceptional communication, attention to detail, and problem-solving abilities help you explain complex pension concepts and collaborate with clients and colleagues. These skills are crucial for providing accurate pension valuations, ensuring regulatory compliance, and delivering clear advice to stakeholders.

What are typical challenges faced by a pensions actuary when working with client pension schemes?

Pensions Actuaries often encounter challenges such as managing the complexities of changing pension regulations, ensuring the accuracy of long-term financial forecasts, and balancing the interests of sponsors, trustees, and scheme members. They must also communicate technical actuarial concepts in an understandable way to non-experts and adapt quickly to client-specific needs. Effective collaboration with legal advisors, investment consultants, and HR professionals is essential to deliver comprehensive advice and maintain the health of pension schemes.

What is the difference between Pensions Actuary vs Actuarial Analyst?

AspectPensions ActuaryActuarial Analyst
CredentialsFellowship in actuarial society, specialized in pensionsAssociate or student membership, basic actuarial exams
Work EnvironmentSenior roles in consulting, insurance, or pension fundsData analysis, modeling, and support roles in insurance or consulting
Industry UsageDesigning pension schemes, risk assessment, regulatory complianceData preparation, modeling, and assisting actuaries in projects

The main difference between a Pensions Actuary and an Actuarial Analyst lies in experience, responsibilities, and credentials. Pensions Actuaries hold advanced certifications and lead pension-related projects, while Actuarial Analysts support these efforts through data analysis and modeling. Both roles are essential in the actuarial field, but Pensions Actuaries typically have more seniority and specialized expertise.

How much does a pensions actuary make?

A pensions actuary's salary typically ranges from $80,000 to $150,000 annually, depending on experience, location, and certifications such as ASA or FSA. Senior-level actuaries with advanced credentials can earn over $200,000 per year, especially in large firms or financial centers.

What are popular job titles related to Pensions Actuary jobs in Springfield, MA?

For Pensions Actuary jobs in Springfield, MA, the most frequently searched job titles are:

What job categories do people searching Pensions Actuary jobs in Springfield, MA look for?

The top searched job categories for Pensions Actuary jobs in Springfield, MA are:

What cities near Springfield, MA are hiring for Pensions Actuary jobs?

Cities near Springfield, MA with the most Pensions Actuary job openings:

Pensions Actuary jobs near you
Infographic showing various Pensions Actuary job openings in Springfield, MA as of August 2026, with employment types broken down into 93% Full Time, 6% Part Time, and 1% Contract. Highlights an 67% Physical, 10% Hybrid, and 23% Remote job distribution, with an average salary of $131,380 per year, or $63.2 per hour.

Transition Consultant, Pension Risk Transfer

Massachusetts Mutual Life Insurance Company (MassMutual)

Springfield, MA • On-site

Full-time

Retirement

Re-posted 19 days ago

MassMutual rating

7.8

Company rating: 7.8 out of 10

Based on 37 frontline employees who took The Breakroom Quiz

196th of 315 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.

What MassMutual employees say

Pay

Benefits

Hours and flexibility

Workplace

Get the full story on Breakroom

Apply