Actuarial Winter Internship Program

4 weeks ago

New York, United States New York Life Insurance Co Full time

Location Designation: Hybrid - 3 days per week 

 

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 Winter Actuarial Internship is a structured program, from late November 2024 to April 2025. Our internship provides students with the opportunity to participate in challenging assignments and practical on the job experience. There are professional development opportunities, exposure to learn about different actuarial roles, meet with NYL profressionals and actuaries and the opportunity to particiapte in a mentorship program. 

 

Positions are available in our NYC office.

 

What You’ll Do:

An 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:

  • Currenlty an undergraduate junior or senior, or in a Master's program working towards a degree with an accredited college or university (preferred majors in Actuarial Science, Mathematics, Statistics, Engineering, Sciences, Economics, or Finance).  
  • Passage of one or more Society of Actuaries exams (working toward ASA/FSA designation)

 

Preferred Skills:

  • Cumulative GPA of 3.0 or higher
  • Strong written and oral communication, and strong interpersonal skills
  • Analytically minded
  • Prefer knowledge of modeling packages, programming languages, and spreadsheet/database software

#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 here to 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.

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