A system and method for transferring a canister of spent nuclear fuel from a transfer cask to a receiving cask. In one aspect, the system comprises a below grade opening adapted for receiving a cask; a platform positioned within the opening, the platform capable of vertical movement; and at least two jacks for vertically moving the platform; wherein the platform is capable of lowering the cask within the opening. In another aspect, the invention is a method of transferring a canister of spent nuclear fuel to a cask comprising the steps of: lowering a receiving cask having a height into a below grade opening so that a portion of the receiving cask's height is below grade level; and transferring the canister to the receiving cask.