New York Life Spring 2019 Actuarial Internship

APPLY NOW »

Date: Nov 30, 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: Spring 2019 (January - April)

 

Job Title: Actuarial Intern

 

Job Summary

The Actuarial Internship Program at New York Life is one of the best in the industry.  The program offers competitive compensation and many exciting career development opportunities.  There are currently close to 200 Fellows and Associates of the Society of Actuaries and roughly 90 students with positions in over 10 different areas of the company. 
 
New York Life is headquartered at 51 Madison Avenue, in Manhattan, across from Madison Square Park. Located between the popular Murray Hill and Gramercy Park neighborhoods, it's within walking distance of Grand Central and Penn Stations as well as the Empire State Building, Times Square, and Greenwich Village. Other nearby offices offering actuarial opportunities are in Jersey City, NJ and Westchester County, NY.

 

Job Responsibilities

Internship/Co-Op students are placed throughout the company, working side-by-side with actuaries or senior level actuarial students. Responsibilities are dependent on placement, and may include assisting with:

  • Developing premiums and benefits for insurance and annuity products
  • Designing new products and product features
  • Projecting profitability generated by the company's products
  • Analyzing the ALM profile and developing optimal investment strategy
  • Quantifying the company's risk exposure and proposing ways to minimize risk
  • Performing actuarial research and statistical analyses

 
Interns are treated as full time actuarial students with the ability to participate fully in all training activities including the actuarial mentorship program, monthly student meetings, and an All-Campus Enrichment Day (ACE) to foster a broader knowledge of the company. 

 

Required Skills

  • Recent graduate or 3rd–4th year college student working towards a Bachelor’s degree with an accredited college or university (preferred majors in Actuarial Science, Mathematics, Statistics, 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)
  • Knowledge of modeling packages, programming languages, and spreadsheet/database software
  • Strong written and oral communication skills
  • Analytically minded with excellent interpersonal skills

 

Transportation & Housing

Co-Op/Internship students are responsible for their own housing.

 

Compensation & Benefits Information

Compensation is competitive and based on the number of passed actuarial exams.

 

#nylcampus

EOE M/F/D/V

 

If you have difficulty using or interacting with any portions of this Web site due to incompatibility with an Assistive Technology, if you need the information in an alternative format, or if you have suggestions on how we can make this site more accessible, please contact us at: (212) 576-5811.


Job Segment: Intern, Social Media, Actuarial, Database, Accounting, Entry Level, Marketing, Insurance, Technology, Finance