Website New York Life Insurance
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