2022 Finance and Accounting Summer Internship Program

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Date: Sep 29, 2021

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.

 

The Finance and Accounting Summer Intern Program offers an exciting opportunity for rising seniors who are looking to gain the experience, skills, support, and exposure that they need to help launch their careers. Our summer program combines challenging work experience and the opportunity to work closely with finance professionals.  You’ll receive continuous training and development through classes and weekly presentations, exposure to senior management, and social and networking events to help build relationships throughout the Company.  At the end of the summer, multiple offers will be extended for the full-time Associate program.  The internships will be located in our home office in New York City and Jersey City, New Jersey (contingent upon the health environment at that time). 

 

Development, classes, and presentations. 
The summer begins with an array of training classes focusing on enhancing skills in Microsoft Excel, SAP training, and introduction to Insurance and Financial Services Industry concepts. We provide significant opportunities to improve business and leadership skills that will enable advancement throughout the company. The learning continues throughout the summer in many forms: 

  • Weekly seminars presented by experienced professionals from Corporate Finance, Insurance, and Investments groups focusing on helping interns to understand the industry, financial functions, and our organization
  • Development of communication skills through public speaking workshops and final presentations
  • Mentor pairing with a full time Finance employee who will provide guidance and support throughout your internship
  • Exposure to the Senior Finance Leadership Team (SFLT) and Finance Governance Committee –events include:  Breakfast with NYL’s Controller and Treasurer, Presentations by senior leaders from various finance functions, A one-on-one lunch with a finance Executive Officer, Small group sessions with Governance Committee members who are available in an advisory capacity, Farewell dinner with senior finance leaders
  •  Interns will have the opportunity to participate in a group business project with interns from other summer programs
  • At the end of the summer, interns give a formal presentation about their experience at NYL, projects that they were involved in, and special assignments that were completed throughout the summer

 

Work experience. 
Interns are placed across the organization in Corporate Finance, the Insurance and Agency Group, and our Wealth Management Boutiques (analytics-based roles). Specific functions could include:  

  • Accounting Operations
  • Budget & Expense Management
  • Financial Planning & Analysis
  • Investment Accounting
  • Risk Management
  • Ratings & Funding
  • Capital Management
  • Projections
  • Statutory Accounting
  • Treasury
  • Tax
  • Data Analytics

 

Social Events & Networking. 
Interns are encouraged to join full-time employees in social events ranging from post-work gatherings to multiple team building sessions. Past events have included welcome breakfasts, ice cream socials, lunch with mentors, finance engagement events, and a farewell dinner with the Senior Financial Leadership team. Other fun events have included a scavenger hunt around NYC, boat cruise around Manhattan, group volunteer activity, and trivia night. 
Finance interns also participate in Corporate Intern events providing networking opportunities with peers outside of Finance.  Past events have included networking breakfasts and dinners, and communication and career planning workshops.  You’ll also be placed in small groups advised by a core group mentor who will plan special events for your group. 


General information. 
Interns are scheduled to work from late May through mid-August. Generally, 15 interns are placed each summer with a competitive salary, and the option for free housing.   
Application requirements. 
We seek candidates who exhibit the following characteristics:

  • Rising junior’s working toward a Bachelor’s degree with an accredited college or university (or in a Graduate program)
  • Preferred majors: Accounting, Finance, Economics, Business Analytics
  • Cumulative GPA of 3.0 or higher
  • Strong written and oral communication, and interpersonal skills
  •  Analytically minded
  • Knowledge of general accounting principles
  • Proficient in Excel

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