Actuarial Intern

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Date: Jul 1, 2022

Location: Tampa, FL, US

Company: New York Life Insurance Co

 

 

When you join New York Life, you’re joining a company that values career development, collaboration, innovation, and inclusiveness. We want employees to feel proud about being part of a company that is committed to doing the right thing. You’ll have the opportunity to grow your career while developing personally and professionally through various resources and programs. New York Life is a relationship-based company and appreciates how both virtual and in-person interactions support our culture.

 

This position primarily involves a hybrid work schedule - working remotely: Monday & Friday / on site: Tuesday, Wednesday and Thursday.
 

New York Life is one of the leading writers of individual life insurance in the U.S.  In 1994, the company opened its direct marketing (‘Direct’) operation in Tampa, FL, which markets Group Life insurance products to AARP members.

 

This is a 12-week assignment with the possibility of a regular full-time position at the conclusion.

 

Our actuarial internship provides:

  • Challenging assignments and practical on the job experience
  • Exposure to a variety of actuarial functions, including experience studies, valuation, pricing, model development, and forecasting
  • An opportunity to meet NYL professionals and NYL actuaries including those in senior management
  • An opportunity to present to an actuarial audience
  • One-on-one meetings with NYL Direct’s Chief Actuary & Chief Financial Officer
  • Attendance at all full-time actuarial student meetings, department meetings, and social events
  • Mentorship program
  • Prospect of securing a full-time position with New York Life

 

Actuaries at 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. We provide our actuarial interns with challenging actuarial projects to expose them to the theoretical and practical applications of actuarial science.

 

Job responsibilities:

An intern’s job responsibilities are dependent on placement, and may include assisting with:

  • Developing premiums and benefits for new or enhanced insurance products
  • Designing new products and product features
  • Projecting profitability generated by the company's products
  • Preparing studies on financial experience
  • Performing actuarial research and statistical analysis
  • Completing Statutory and Tax valuation requirements
  • Building and testing actuarial models
  • Performing special projects as assigned

 
Required qualifications:

  • Passage of one or more Society of Actuaries exams (working toward ASA/FSA designation)
  • A recent or upcoming college graduate, with 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
  • Strong written and oral communication, and strong interpersonal skills
  • Strong analytical and problem-solving skills
  • Prefer knowledge of modeling packages, programming languages, and spreadsheet/database software

 

This position primarily involves a hybrid work schedule - working remotely: Monday & Friday / on site: Tuesday, Wednesday and Thursday.

 

SF:LI-KH1
#LI-HYBRID 

 

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. 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.

Job Requisition ID: 86821

 

 

 


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