Job Requisition ID: 92524

Location Designation: Hybrid - 3 days per week

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:

New York Life's Summer Actuarial Internship Program (Tampa) is a structured, 12-week program starting in mid-May and ending in mid-August located in our Tampa, FL Office. Our internship provides students with the opportunity to participate in challenging assignments and practical on the job experience for our New York Life Direct operation. In 1994, the company opened its direct marketing ('Direct') operation in Tampa, FL, which markets Group Life insurance products to AARP members. As part of New York Life Direct, you'll join a team revolutionizing the life insurance experience for AARP members. We're the industry leader in direct-to-consumer life insurance, offering streamlined coverage directly to individuals, bypassing traditional agent models. Your work will directly impact lives by making life insurance accessible, affordable, and understandable for millions of Americans.
• 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.

What You'll Do
• 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

Curious what it's like to intern at NYL? Check out #NYLEarlyCareers on LinkedIn!

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Pay Transparency

Salary Range:

Overtime eligible:

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.

Our Benefits

We provide a full package of benefits for 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 hereto discover more about our comprehensive benefit options or visit our NYL Benefits Site.

Our Commitment to Inclusion

At New York Life, fostering an inclusive workplace is fundamental to who we are and how we serve our communities. We have a longstanding commitment to creating an environment where individuals can contribute their best and succeed together. This foundation is rooted in our core values of humanity and integrity, ensuring that every employee feels valued and supported. By embracing a broad range of perspectives and experiences, we achieve greater success and fulfill our promise of providing financial security and peace of mind to families across all communities. Click here to learn more about New York Life's leadership in this space.

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.

Job Requisition ID: 92524

About NY Life Insurance Company

Diversity & Humanity-two values that are deeply rooted in the New York Life culture and have laid the foundation for over 175 years of commitment to our employees, agents, policy owners, and the communities where we live and work. At New York Life you become a valued part of a welcoming, inclusive, and caring culture that has a long-standing legacy in stability and growth. The strength of New York Life revolves around our diversified, multi-dimensional business portfolio that goes beyond life insurance, and we want you to be a part of our legacy.

As a Fortune 100 company and industry leader, we provide an environment where you can explore your career ambitions, offering opportunities to tackle meaningful challenges and stretch your skills while balancing work and life priorities. You will be part of a diverse team guided by our belief to always be there for each other-providing the support and flexibility to grow and reach new heights while making an impact in the lives of others.

You are our future, and we commit to investing in you accordingly.

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Visit our Newsroom to learn more about how our company is constantly evolving to meet our clients' and employees' needs.

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