2025 Group Benefit Solutions (GBS) Underwriting Summer Internship Program - Philadelphia

 Job Requisition ID: 90610 

Location Designation: Hybrid - 3 days per week 

Group Benefit Solutions delivers comprehensive insurance and absence management solutions for mid-sized and large companies. Our work fosters a healthier, happier, and more secure workforce, contributing to New York Life’s legacy of being there when we’re needed most. Here, you'll design, implement, and support these solutions directly impacting employees’ lives. At our core, we provide financial security and peace of mind to people through our absence, accident, disability, voluntary benefits, and life insurance solutions. Click here to learn more about Group Benefits solutions.

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:

If you’re looking to use strong analytical and math skills in a competitive, fast-paced environment, an Underwriting career in Group Benefit Solutions will allow you to do all this and more. Underwriters evaluate the risk of insuring a potential Group Benefit Solutions customer and use that information to set premium rates for insurance policies. This 10-week program will expose you to what life as an underwriter will be like and is a great way to assess whether the underwriting profession is a good fit for you. As part of our internship program, you will have a direct impact on the financial results of our business while helping us deliver on a longstanding commitment of providing financial protection and peace of mind to the millions we serve.

What You’ll Do:

As an Underwriting Summer Intern with New York Life Group Benefits Solutions, you can expect to be involved in a variety of opportunities, including:

• Training sessions to learn the fundamentals of underwriting
• One-on-one mentorship with a local underwriter, engagement opportunities with senior management, and other networking opportunities
• Assess risk dynamics on real underwriting cases and contribute to Group Benefits Solutions sales goals and bottom line
• Collaborate with GBS interns from around the country on a summer long project that challenges your problem-solving, analytical, and collaboration skills
• Routine speaker series hosted by New York Life leaders from a variety of Finance and Underwriting functions

What You’ll Bring:

A customer-centric mindset, strong analytical and strategic thinking skills with an interest in pursuing a career in underwriting.

Required Skills:

• You must be a rising senior or graduate student pursuing a degree in Risk Management, Economics, Finance, Accounting, Mathematics, Data Analytics, Business Management

• Proficiency with Microsoft office software such as Word and Excel

Preferred Skills:

• 3.0 GPA or higher preferred
• High comfort level with math/numbers
• Excellent oral and written communication skills

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Pay Transparency

Salary range: 21/ hour 

Overtime eligible: Nonexempt 

Discretionary bonus eligible:  

Sales bonus eligible:  

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.

Actual base salary within that range will be determined by several components including but not limited to the individual's experience, skills, qualifications, and job location. 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.