2027 Actuarial Summer Internship Program

New-York-Life; New York (NY); Hybrid; USD 39,950 - 46,838; Full time

Benefits offered by this job

Mentorship program

Subsidized housing

Job summary

New York Life offers a 12-week Summer Actuarial Internship Program in New York City, running May 25th to August 12th, 2027. It provides hands-on actuarial projects, skill-building sessions, and exposure to senior actuaries through mentoring, meetings, and social events.

Interns participate in actuarial modeling, Excel/VBA, and Python coursework, with networking opportunities and potential for a full-time role after the program. Housing support may be available for NYC placements.

Qualifications

• Rising junior or senior, or recent graduate pursuing Actuarial Science/Math/Statistics.
• Strong analytical and programming skills with attention to detail.
• Experience with actuarial concepts and modeling is a plus.

Responsibilities

• Develop premiums and benefits for new or enhanced insurance products.
• Project profitability projections for company products.
• Quantify and manage the company’s risk exposures.
• Perform actuarial and statistical analytics.
• Optimize actuarial processes and workflows.

Skills

Actuarial modeling software

Excel/VBA

Python

Data analysis

Communication

Education

Bachelor’s degree in Actuarial Science/Math/Statistics

Tools

Database software

Job description

Job DescriptionRequisition ID94491DepartmentCorporate FinanceJob FunctionCorporate FinanceLocationNew York,New York,United StatesRole Location DesignationHybrid - 3 days per weekJob Requisition ID: 94491Location Designation: Hybrid - 3 days per weekShape 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 ActuaryAttendance at all full-time actuarial student meetings and training sessionsIndividual meeting with an executive actuaryAn assigned actuarial mentorSponsored social eventsProspect of securing a full-time position with New York LifePositions may be available in our NYC office with subsidized housing provided.What You’ll Do:A summer intern’s job responsibilities are dependent on placement and may include, but are not limited to, assisting with:Developing premiums and benefits for new or enhanced insurance and annuity productsProjecting profitability generated by the company's productsQuantifying the company's risk exposure and proposing ways to minimize riskPerforming actuarial and statistical analyticsOptimizing actuarial processesWhat You’ll Bring:You bring strong technical skills including knowledge of modeling packages, programming languages, spreadsheets, and database software.You’ll have excellent written and oral communication skills, a strong desire to learn and identify improvement opportunities, and the ability to think strategically and analytically.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, Computer Science, Data Science, Mathematics, Statistics, Engineering, Economics, or Finance)Preferred Skills:Cumulative GPA of 3.0 or higherCredit for one or more Society of Actuaries exams (working toward ASA/FSA designation)Applications will be reviewed on a rolling basis.Pay TransparencySalary Range: $29-$34/hourOvertime eligible: NonexemptDiscretionary bonus eligible: NoSales bonus eligible: NoActual 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 Diversity PromiseWe believe in a diverse workforce because it is our mission to advocate for the financial security and success of people in every community. This is why diversity, equity, and inclusion (DEI) are guiding principles that are embedded in our brand and our culture. Click here to learn more about how we have been recognized for our leadership.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.Read More