2019 Actuarial Summer Internship

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Date: Dec 11, 2018

Location: New York, NY, US

Company: New York Life Insurance Co

 

A career at New York Life offers many opportunities. To be part of a growing and successful business. To reach your full potential, whatever your specialty. Above all, to make a difference in the world by helping people achieve financial security. It’s a career journey you can be proud of, and you’ll find plenty of support along the way. Our development programs range from skill-building to management training, and we value our diverse and inclusive workplace where all voices can be heard. 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 service, supported by our Foundation. It all adds up to a rewarding career at a company where doing right by our customers is part of who we are, as a mutual company without outside shareholders. We invite you to bring your talents to New York Life, so we can continue to help families and businesses “Be Good At Life.” To learn more, please visit LinkedIn, our Newsroom and the Careers page of www.NewYorkLife.com.

 

Work Term: Summer 2019 – New York Life’s Summer Internship Program is a structured, 12-week program starting in late May and ending in August.

 

Job Title: 2019 Summer Actuarial Intern

 

You Will Have:

  • Challenging assignments and practical on the job experience
  • Professional development in the form of classes (actuarial modeling software, VBA/Excel)
  • Weekly lecture series that offers exposure to different actuarial roles
  • An opportunity to meet NYL professionals and NYL actuaries including those in senior management
  • Opportunity to present to an actuarial audience
  • Breakfast and lunch with NYL’s Chief Actuary and other senior actuaries at the company
  • Attend all full-time actuarial student meetings and training sessions
  • Individual meeting with an Executive actuary
  • Mentorship Program
  • Prospect of securing a full-time position with New York Life
  • Sponsored social events
  • Participate in group volunteer event(s)

Positions are available in both our NYC office and White Plains campus with fully subsidized housing provided for either location.

 

Actuarial Program:

The actuaries are 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 trainees with a broad background in both the theoretical and practical applications of actuarial science by combining challenging rotating job assignments and significant support towards the completion of actuarial exams. We also provide significant opportunities to improve business and leadership skills that will enable advancement throughout the company and prove valuable throughout their career.

 

Job Responsibilities:

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

 
Required Qualifications:

  • In junior or senior year, 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)
  • Prefer cumulative GPA of 3.0 or higher
  • Passage of one or more Society of Actuaries exams (working toward ASA/FSA designation)
  • Strong written and oral communication, and strong interpersonal skills
  • Analytically minded
  • Prefer knowledge of modeling packages, programming languages, and spreadsheet/database software

 

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EOE M/F/D/V

 

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