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About the Role
New York Life's Summer Actuarial Internship Program offers a 12-week structured experience from May 25th to August 12th, providing students with challenging assignments, practical on-the-job experience, and technical skills classes. The program aims to equip interns with valuable skills, build their network through collaboration, and offer exposure to actuarial functions and senior management.
Responsibilities
- Assisting with developing premiums and benefits for new or enhanced insurance and annuity products
- Projecting profitability generated by the company's products
- Quantifying the company's risk exposure and proposing ways to minimize risk
- Performing actuarial and statistical analytics
- Optimizing actuarial processes
Requirements
- Rising junior or senior, or a recent college graduate, working towards a Bachelor’s degree with an accredited college or university
- Cumulative GPA of 3.0 or higher
- Credit for one or more Society of Actuaries exams (working toward ASA/FSA designation)
Skills
- Modeling packages
- Programming languages
- Spreadsheets
- Database software
- Actuarial modeling software
- Excel/VBA
- Python
- Written communication
- Oral communication
- Strategic thinking
- Analytical thinking
Location
- NYC office
Work Type
- Hybrid - 3 days per week
- Full-time
Experience Level
- Internship
Education Level
- Bachelor’s degree
Salary/Compensations
- $29-$34/hour
Benefits
- Subsidized housing provided
- Small group meeting with NYL’s Chief Actuary
- Attendance at all full-time actuarial student meetings and training sessions
- Individual meeting with an executive actuary
- An assigned actuarial mentor
- Sponsored social events
- Prospect of securing a full-time position with New York Life
About the Company
- New York Life is committed to improving local communities through a culture of employee giving and volunteerism, supported by the Foundation.
- New York Life operates in the best interests of its policy owners due to its mutuality.
- Recognized as one of Fortune’s World’s Most Admired Companies.
Equal Opportunity
- We believe in a diverse workforce because it is our mission to advocate for the financial security and success of people in every community.
- Diversity, equity, and inclusion (DEI) are guiding principles that are embedded in our brand and our culture.