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2025 Actuarial Summer Internship Program
2 months ago
Shape your future with a dynamic internship experience at New York Life. We offer opportunities across a variety of exciting businesses, including Actuarial, AI & Data, Finance, Investments, Technology, Underwriting, and more. Your internship journey is designed to challenge you through hands-on work experience that will equip you with valuable skills you can use anywhere. You will build your network through collaboration and connection with talented interns and experienced employees through team-building activities, mentorship programs, and fun social events. By the end of your internship, you'll be equipped with new skills and a network that will propel you forward in your career journey.
Role Overview:
Actuaries at New York Life are actively involved in many aspects of the company's operations, including the design and pricing of products, the evaluation of the company's financial results, and setting the strategic vision of the company. They have earned the respect of both their fellow employees and of our agency force. We provide our actuarial interns with challenging actuarial projects to expose them to the theoretical and practical applications of actuarial science.
New York Life's Summer Actuarial Internship Program for 2025 is a structured, 12-week program starting in mid-May and ending in mid-August. Our internship provides students with the opportunity to participate in challenging assignments and practical on the job experience with technical skills classes(actuarial modeling software, VBA/Excel), weekly lecture series that offer exposure to different functions and opportunities to meet NYL actuaries in senior management. The program will also provide students with the opportunity to participate in the following:
- A group meeting with NYL's Chief Actuary
- Attendance at all full-time actuarial student meetings and training sessions
- Individual meeting with an Executive actuary
- An assigned actuarial mentor
- Sponsored social events
- Prospect of securing a full-time position with New York Life
Positions nay be available in our NYC office or Philadelphia office with subsidized housing provided.
What You'll Do:
A summer intern's job responsibilities are dependent on placement, and may include assisting with:
- Developing premiums and benefits for new or enhanced insurance and annuity products
- Designing new products and product features
- Projecting profitability generated by the company's products
- Analyzing matching of assets and liabilities and developing optimal investment strategy
- Quantifying the company's risk exposure and proposing ways to minimize risk
- Performing actuarial research and statistical analyses
What You'll Bring:
You bring excellent written and oral communication skills, a strong desire to learn and identify improvement opportunities and the ability to think strategically and analytically. You'll have knowledge of modeling packages, programming languages, and spreadsheet/database software
Required Skills:
- Rising junior or senior, or a recent college graduate, working towards a Bachelor's degree with an accredited college or university (preferred majors in Actuarial Science, Mathematics, Statistics, Engineering, Sciences, Economics, or Finance)
Preferred Skills:
- Cumulative GPA of 3.0 or higher
- Passage of one or more Society of Actuaries exams (working toward ASA/FSA designation)
Applications will be reviewed on a rolling basis and interviews will begin mid-September.
#Actuarialcampus
Pay Transparency
Salary Range: $28-$33/hour
Overtime eligible: Nonexempt
Discretionary bonus eligible: No
Sales bonus eligible: No
Actual base salary will be determined based on several factors but not limited to individual's experience, skills, qualifications, and job location. Additionally, employees are eligible for an annual discretionary bonus. In addition to base salary, employees may also be eligible to participate in an incentive program.
Our Benefits
We provide a full package of benefits for full-time employees - and have unique offerings for a modern workforce, including leave programs, adoption assistance, and student loan repayment programs. Based on feedback from our employees, we continue to refine and add benefits to our offering, so that you can flourish both inside and outside of work.Click hereto discover more about our comprehensive benefit options or visit our NYL Benefits Site.
Our Diversity Promise
We believe in a diverse workforce because it is our mission to advocate for the financial security and success of people in every community. This is why diversity, equity, and inclusion (DEI) are guiding principles that are embedded in our brand and our culture. Click here to learn more about how we have been recognized for our leadership.
Recognized as one of Fortune's World's Most Admired Companies, New York Life is committed to improving local communities through a culture of employee giving and volunteerism, supported by the Foundation. We're proud that due to our mutuality, we operate in the best interests of our policy owners. To learn more about career opportunities at New York Life, please visit the Careers page of www.NewYorkLife.com.
About NY Life Insurance Company
Diversity & Humanity-two values that are deeply rooted in the New York Life culture and have laid the foundation for over 175 years of commitment to our employees, agents, policy owners, and the communities where we live and work. At New York Life you become a valued part of a welcoming, inclusive, and caring culture that has a long-standing legacy in stability and growth. The strength of New York Life revolves around our diversified, multi-dimensional business portfolio that goes beyond life insurance, and we want you to be a part of our legacy.
As a Fortune 100 company and industry leader, we provide an environment where you can explore your career ambitions, offering opportunities to tackle meaningful challenges and stretch your skills while balancing work and life priorities. You will be part of a diverse team guided by our belief to always be there for each other-providing the support and flexibility to grow and reach new heights while making an impact in the lives of others.
You are our future, and we commit to investing in you accordingly.
Visit our Linkedin to see how our employees and agents are leading the industry and impacting communities.
Visit our Newsroom to learn more about how our company is constantly evolving to meet our clients' and employees' needs.
Required Legal Notices - All Candidates Please Click Here
