2025 Actuarial Summer Internship Program
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:
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. They have earned the respect of both their fellow employees and of our agency force. 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 2025 is a structured, 12-week program starting in mid-May and ending in mid-August. 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, VBA/Excel), weekly lecture series that offer exposure to different 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 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 nay be available in our NYC office or Philadelphia office with subsidized housing provided.
What You’ll Do:
A summer intern’s job responsibilities are dependent on placement, and may include assisting with:
- Developing premiums and benefits for new or enhanced insurance and annuity products
- Designing new products and product features
- Projecting profitability generated by the company's products
- Analyzing matching of assets and liabilities and developing optimal investment strategy
- Quantifying the company's risk exposure and proposing ways to minimize risk
- Performing actuarial research and statistical analyses
What You’ll Bring:
You bring excellent written and oral communication skills, a strong desire to learn and identify improvement opportunities and the ability to think strategically and analytically. You’ll have knowledge of modeling packages, programming languages, and spreadsheet/database software
Required Skills:
- 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, Mathematics, Statistics, Engineering, Sciences, Economics, or Finance)
- Passage of one or more Society of Actuaries exams (working toward ASA/FSA designation)
Preferred Skills:
- Cumulative GPA of 3.0 or higher
Applications will be reviewed on a rolling basis and interviews will begin mid-September.