2027 Actuarial Summer Internship Program
About The Position
Shape your future with a dynamic internship experience at New York Life. We offer opportunities across a variety of exciting businesses. Your internship journey is designed to challenge you through hands-on work experience that will equip you with valuable skills. 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: 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. New York Life’s Summer Actuarial Internship Program for 2027 is a structured, 12-week program running from May 25th to August 12th. Our internship provides students with the opportunity to participate in challenging assignments and practical on the job experience with technical skills classes (actuarial modeling software, Excel/VBA, Python), weekly lecture series that offer exposure to different actuarial functions and opportunities to meet NYL actuaries in senior management. The program will also provide students with the opportunity to participate in the following: A 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 Positions may be available in our NYC office with subsidized housing provided.
Requirements
- Strong technical skills including knowledge of modeling packages, programming languages, spreadsheets, and database software.
- Excellent written and oral communication skills
- Strong desire to learn and identify improvement opportunities
- Ability to think strategically and analytically
- Rising junior or senior, or a recent college graduate, working towards a Bachelor’s degree with an accredited college or university (preferred majors in Actuarial Science, Computer Science, Data Science, Mathematics, Statistics, Engineering, Economics, or Finance)
Nice To Haves
- Cumulative GPA of 3.0 or higher
- Credit for one or more Society of Actuaries exams (working toward ASA/FSA designation)
Responsibilities
- 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
Benefits
- Subsidized housing provided (for positions in NYC office)
- Sponsored social events
- Prospect of securing a full-time position with New York Life
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What This Job Offers
Career Level
Intern
