2023 Group Benefit Solutions Underwriting Summer Internship Program


Date: Mar 2, 2023

Location: Phoenix, AZ, US

Company: New York Life Insurance Co

Job Requisition ID: 87173

Location Designation: Hybrid 



About This Job

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:

  • Initial two-week accelerated training session to learn the fundamentals of underwriting
  • Routine speaker series hosted by New York Life leaders from a variety of Finance and Underwriting functions
  • 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, innovation, and collaboration skills


Where You’ll Work

The Summer Internship position is located in the Phoenix Underwriting hub. The Phoenix hub is located at the High Street Plaza near Desert Ridge Marketplace. The Phoenix hub is one of our fastest growing NY Life Group Benefit Solutions Underwriting hubs. Our team includes a diverse group of talented individuals with a variety of backgrounds and experience levels. Over the last five years, we have continually grown our Phoenix team through on campus recruiting efforts at several local universities.



To join our dynamic team as a Summer Intern, you should have:

  • Completed 3 years towards a Bachelor’s degree (rising senior) in Finance, Business, Economics, Risk Management or related fields
  • Strong analytical and strategic thinking skills
  • 3.0 GPA or higher preferred
  • High comfort level with math/numbers
  • Excellent oral and written communication skills
  • A passion and dedication to becoming a leader within the financial services industry
  • Strong business acumen along with leadership and innovative thinking skills, with a focus on customer-centricity



Salary range: $21/ hour 

Overtime eligible: Nonexempt 

Discretionary bonus eligible: No 

Sales bonus eligible: No 


Click here to learn more about our benefits. Starting salary is dependent upon several factors including previous work experience, specific industry experience, and/or skills required.


Please note: At this time, employees of Group Benefit Solutions can be considered for open positions within Group Benefit Solutions only. Applications from Group Benefit Solutions employees for open positions within other New York Life businesses are unable to be considered.  



Nearest Major Market: Phoenix

Job Segment: Summer Internship, Underwriter, HR, Risk Management, Intern, Entry Level, Human Resources, Insurance, Finance