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Vice President Pension Risk Transfer Jobs (NOW HIRING)

The Vice President of Risk is responsible for leading the enterprise-wide risk management strategy ... Partner with the legal team on contract review standards, risk transfer strategies, and insurance ...

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Vice President Pension Risk Transfer information

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$43.5K

$157.5K

$277.5K

How much do vice president pension risk transfer jobs pay per year?

As of Jul 20, 2026, the average yearly pay for vice president pension risk transfer in the United States is $157,532.00, according to ZipRecruiter salary data. Most workers in this role earn between $115,000.00 and $190,000.00 per year, depending on experience, location, and employer.

What is the difference between Vice President Pension Risk Transfer vs Pension Actuary?

AspectVice President Pension Risk TransferPension Actuary
CredentialsAdvanced degrees, industry certifications, leadership experienceActuarial credentials (e.g., ASA, FSA), actuarial exams
Work EnvironmentCorporate strategy, client negotiations, risk managementData analysis, modeling, valuation work
Industry UsageFinancial services, insurance, pension fundsInsurance companies, consulting firms, pension plans

The Vice President Pension Risk Transfer focuses on leading pension risk transfer deals, client relationships, and strategic decision-making. In contrast, a Pension Actuary specializes in valuation, risk assessment, and actuarial modeling. While both roles require strong analytical skills, the VP role emphasizes leadership and deal execution, whereas the actuary role centers on technical analysis and compliance.

What is the job description of a pension risk transfer?

A Vice President of Pension Risk Transfer oversees the process of transferring pension liabilities from a sponsor to an insurer, managing risk assessment, deal structuring, and negotiations. The role requires strong financial analysis, understanding of actuarial principles, and experience with insurance products and regulatory requirements. They often collaborate with actuaries, legal teams, and senior management to execute pension buyouts or annuity transactions.

What are the options for pension risk transfer?

For a Vice President of Pension Risk Transfer, common options include buy-ins, buy-outs, and longevity swaps, which transfer pension liabilities to third-party insurers or financial institutions. These strategies help manage pension plan risks and often involve actuarial analysis, risk assessment, and negotiation with insurance providers. Successful execution requires understanding of pension plan valuation, regulatory considerations, and market conditions.

How much does a VP of risk management make?

A Vice President of Pension Risk Transfer typically earns between $150,000 and $250,000 annually, with total compensation often including bonuses and benefits. Salaries vary based on experience, company size, and geographic location, and the role requires strong risk management skills and industry knowledge.

What does a VP of risk do?

A Vice President of Pension Risk Transfer oversees strategies to manage and mitigate risks associated with pension plan liabilities, often working with actuarial data, financial models, and regulatory compliance. They evaluate risk transfer transactions, such as buyouts or buy-ins, and coordinate with stakeholders to ensure financial stability and regulatory adherence.
What cities are hiring for Vice President Pension Risk Transfer jobs? Cities with the most Vice President Pension Risk Transfer job openings:
What are the most commonly searched types of Pension Risk Transfer jobs? The most popular types of Pension Risk Transfer jobs are:
What states have the most Vice President Pension Risk Transfer jobs? States with the most job openings for Vice President Pension Risk Transfer jobs include:
Infographic showing various Vice President Pension Risk Transfer job openings in the United States as of July 2026, with employment types broken down into 86% Full Time, and 14% Contract. Highlights an 86% In-person, and 14% Remote job distribution, with an average salary of $157,532 per year, or $75.7 per hour.
Transition Consultant, Pension Risk Transfer

Transition Consultant, Pension Risk Transfer

Massachusetts Mutual Life Insurance Company (MassMutual)

Springfield, MA • On-site

Full-time

Retirement

Posted 7 days ago


MassMutual rating

8.1

Company rating: 8.1 out of 10

Based on 36 frontline employees who took The Breakroom Quiz

133rd of 281 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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