2027 Actuarial Summer Internship Program

About the Role

Shape your future with a dynamic internship experience at New York Life. 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.

The 2027 Summer Actuarial Internship Program is a structured, 12-week program running from May 25th to August 12th.

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.

Key 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.

Internship Program Details

• Exposure to theoretical and practical applications of actuarial science.
• Challenging assignments and practical on the job experience.
• Technical skills classes: actuarial modeling software, Excel/VBA, Python.
• Weekly lecture series offering exposure to different actuarial functions.
• Opportunities to meet NYL actuaries in senior management.
• 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.

Requirements & Tech Stack

• Strong technical skills including knowledge of modeling packages, programming languages, spreadsheets, and database software.
• Excellent written and oral communication skills.
• A strong desire to learn and identify improvement opportunities.
• The ability to think strategically and analytically.

Qualifications

• Rising junior or senior, or a recent college graduate, working towards a Bachelor’s degree with an accredited college or university.
• Preferred majors: Actuarial Science, Computer Science, Data Science, Mathematics, Statistics, Engineering, Economics, or Finance.
• Preferred: Cumulative GPA of 3.0 or higher.
• Preferred: Credit for one or more Society of Actuaries exams (working toward ASA/FSA designation).

Location

• Hybrid - 3 days per week.
• Positions may be available in our NYC office with subsidized housing provided.

Compensation

• Salary Range: $29-$34/hour.
• Overtime eligible: Nonexempt.
• Discretionary bonus eligible: No.
• Sales bonus eligible: No.