Pricing Actuary - Pension Risk Transfer

IGA Talent Solutions; Massachusetts; On-site; USD 65,000 - 70,000; Full time

Job summary

A growing Pension Risk Transfer (PRT) team at a leading company is seeking a motivated Mid-Level Pricing Actuary. This role is integral in pricing group annuity transactions and supporting defined benefit pension plan sponsors. Candidates should have substantial actuarial experience, strong analytical skills, and proficiency in key modeling tools.

Benefits

Competitive base salary with performance bonus

Comprehensive health, dental, and vision coverage

401(k) with employer match

Actuarial exam support

Professional development and mentorship

Generous PTO and flexible work arrangements

Qualifications

• 4-7 years of actuarial experience, with 2+ years in pension risk transfer.
• Associate of the Society of Actuaries (ASA) required; near-Fellow (FSA) preferred.
• Strong understanding of defined benefit plans and annuity pricing.

Responsibilities

• Price and analyze pension risk transfer opportunities, including group annuity quotes.
• Collaborate with stakeholders to deliver competitive and profitable quotes.
• Support the development and improvement of pricing tools and models.

Skills

Analytical skills

Quantitative skills

Communication skills

Education

Bachelor's degree in Actuarial Science, Mathematics, Statistics, or related field

Tools

Excel

VBA

Actuarial modeling tools (e.g., AXIS, MoSes, Prophet)

Job description

1 day ago Be among the first 25 applicants

We are seeking a motivated and analytically driven Mid-Level Pricing Actuary to join a growing Pension Risk Transfer (PRT) team. This role is integral to evaluating and pricing group annuity transactions as part of our clients' effort to support defined benefit (DB) pension plan sponsors in de-risking their plans through buy-outs and buy-ins.

About the Role

This role is integral to evaluating and pricing group annuity transactions as part of our clients' effort to support defined benefit (DB) pension plan sponsors in de-risking their plans through buy-outs and buy-ins.

Responsibilities

• Price and analyze pension risk transfer opportunities, including group annuity quotes for retiree, deferred, and active participant segments.
• Collaborate with internal stakeholders (underwriters, investment, legal, and operations) to deliver competitive and profitable quotes.
• Perform experience studies and contribute to mortality, retirement, and expense assumption setting.
• Support the development and improvement of pricing tools and models.
• Analyze transaction risks (longevity, interest rate, reinvestment, operational) and propose risk mitigation strategies.
• Communicate pricing results and risks to senior actuaries and business leadership.
• Work with external stakeholders including consultants, plan sponsors, and reinsurers to support PRT transactions.
• Stay abreast of regulatory, economic, and market developments affecting pension risk transfer.

Qualifications

Required:

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or related field.
• 4–7 years of actuarial experience, with 2+ years in pension risk transfer, retirement, or group annuities.
• Associate of the Society of Actuaries (ASA) required; near-Fellow (FSA) preferred.
• Proficiency in Excel, VBA, and actuarial modeling tools (e.g., AXIS, MoSes, Prophet, or internal systems).
• Strong understanding of defined benefit plans and annuity pricing.
• Strong quantitative, analytical, and communication skills.

Preferred:

• Experience with LDI strategies, investment modeling, or asset-liability matching.
• Familiarity with IRS regulations, ERISA, and accounting implications (GAAP/STAT) for pension obligations.
• Knowledge of current market trends and competitor activity in U.S. PRT.

Pay range and compensation package

• Competitive base salary with performance bonus
• Comprehensive health, dental, and vision coverage
• 401(k) with employer match
• Actuarial exam support (if applicable)
• Professional development and mentorship
• Generous PTO and flexible work arrangements

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance, Consulting, and Strategy/Planning

• Industries

  Pension Funds, Insurance, and Financial Services

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