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.