MassMutual · 2 months ago
Pension Benefit Calculation Consultant
HARTFORD, CT
Full-time
Onsite
Mid, Senior Level
3+ years expMassMutual is experiencing rapid growth in its Pension Risk Transfer Organization, and they are seeking a Pension Benefit Calculation Consultant. This role involves executing analytical and transactional functions with a focus on accuracy and quality control in processing financial and non-financial transactions related to pension benefits.
FinanceFinancial ServicesInsuranceLife InsuranceRetirement
Responsibilities
Performing complex manual and automated calculations, transactions, and exception/escalation handling
Ensuring all transactions are processed in good order, identifying and resolving not-in-good-order (NIGO) issues, and maintaining clear communication with internal stakeholders
Conducting detailed analysis of client and annuitant data, plan provisions, and forms to ensure compliance and proper processing
Responding to internal service requests and completing complex research inquiries
Identifying NIGO trends and recommending improvements to workflows, customer service experience and documentation
Maintaining a high accuracy rate to mitigate financial risk to clients and the enterprise
Acting as a subject matter expert, providing guidance, and coaching to team members
Driving continuous improvement initiatives using Lean methodologies and supporting divisional projects as needed
This role requires a high level of judgment, discretion, and a proactive mindset to enhance operational efficiency and client satisfaction
Qualification
Required
High School Diploma/GED/HiSET
3+ years' experience in interpreting Defined Benefit and/or Pension Risk Transfer plan provisions and contract documents accurately and effectively
3+ years' experience performing comprehensive Defined Benefit and/or Pension Risk Transfer pension benefit calculations for retirement estimates, retirement commencements, death claims, and other complex PRT transactions
Preferred
Ability to apply PRT and industry related product knowledge and critical thinking skills to handle problems
5+ years experience in interpreting PRT plan provisions and contract documents accurately and effectively
Handle multiple tasks, complete client requests timely and with high quality; follow through on outstanding items and communicate outcomes
Clearly communicate complex benefit calculations in simplified terms to either internal or external parties
Understand regulatory matters impacting calculations and processes
Support plan amendment process, compliance and regulatory changes and transition of new plans from New Business to in force operations
Processing support to other PRT operations processes as needed
Under general direction, responsible for performing complex research and analysis to support business operations - presenting findings to manager or project leader
Determine best practices and suggest improvements
Identify problems and collaborate with other departments on solutions
Perform special projects upon request
Oversee the work of less experienced peers
Benefits
Access to mentorship opportunities
Networking opportunities including access to Asian, Hispanic/Latinx, African American, women, LGBTQ, veteran and disability-focused Business Resource Groups
Access to learning content on Degreed and other informational platforms
Company
MassMutual
MassMutual is a mutual life insurance company that provides investment management and trust services.
5001-10000 employees
H1B Sponsorship
MassMutual has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (96)
2024 (94)
2023 (66)
2022 (115)
2021 (121)
2020 (73)
Funding
Current Stage
Late StageLeadership Team
Eddie Ahmed
Chairman, President & CEO
Roger W. Crandall
Chairman, President & CEO
Recent News
2026-01-18
2025-12-25
Company data provided by crunchbase