Actuary, Pension Risk Transfer Date Posted:

13 October 2026

Closing Date:

November 12, 2026

Recruiter:

MassMutual Location:

Springfield, Massachusetts Salary:

USD170,000

to

USD220,000

Job Type & Industry:

Actuarial, Technology Risk Contract Type:

Permanent Job Reference:

3020371823-2 Apply for this job now Job Description MassMutual is seeking an Actuary, Pension Risk Transfer to evaluate pension liabilities and support the pricing and execution of pension risk transfer transactions. You will build and maintain actuarial models, analyze mortality, longevity, interest-rate, and other assumptions, and prepare clear recommendations for business and leadership teams. Partnering across investment, underwriting, finance, legal, and business development, you'll help assess transaction economics, monitor emerging risks, and strengthen our analytical practices. Bring actuarial expertise, sound judgment, and a collaborative approach to a purpose-driven financial services company committed to helping people secure their futures. MassMutual offers opportunities for continued learning, mentorship, career development, and competitive benefits. Responsibilities Analyze pension plan liabilities and assess risks associated with pension risk transfer transactions. Develop, validate, and maintain actuarial models used to price and evaluate pension risk transfer opportunities. Perform experience studies and analyze mortality, longevity, interest-rate, and other assumptions. Prepare actuarial analyses, reports, and materials to support pricing, transaction execution, and management decisions. Collaborate with investment, underwriting, finance, legal, and business development teams. Monitor industry trends, regulatory developments, and emerging risks affecting pension risk transfer. Required Skills Actuarial modeling Pension risk transfer analysis Defined benefit pension plans Pension liability valuation Mortality and longevity analysis Annuity pricing Experience studies Financial modeling Data analysis and statistical methods Actuarial assumption development