2027 Group Benefit Solutions (GBS) Underwriting Summer Internship Program (Phoenix, AZ)

New York Life Insurance Co; Phoenix (AZ); Hybrid; USD 24,000 - 34,000; Full time

Benefits offered by this job

Hybrid work model

Job summary

New York Life Insurance Co. in Phoenix invites you to join the 2027 Group Benefit Solutions Underwriting Summer Internship Program. This 10-week, hybrid internship provides hands-on exposure to underwriting concepts, pricing considerations, and risk evaluation within a collaborative team.

You'll learn from mentors, work on real cases, and contribute to a summer project that develops analytical, problem-solving, and teamwork skills while networking with leaders across the organization.

Qualifications

• Rising senior pursuing a bachelor's degree in Risk Management, Economics, Finance, Accounting, Mathematics, Data Analytics, Business Management, or a related field.
• Strong analytical, quantitative, and critical thinking skills with a high level of comfort working with numbers.
• Effective written and verbal communication skills.
• Proficiency with Microsoft Office applications, particularly Excel and Word.
• Interest in pursuing a career in underwriting and the insurance industry.
• Customer-focused mindset with strong organizational skills and attention to detail.

Responsibilities

• Participate in structured training to learn underwriting principles, products, and risk evaluation.
• Mentorship from an experienced underwriter and exposure to senior leaders.
• Analyze underwriting cases and assist pricing decisions.
• Collaborate on a summer project to strengthen analytical thinking and teamwork.
• Attend sessions with NYL leaders to broaden understanding of the organization.

Skills

Strong analytical skills

Quantitative skills

Microsoft Excel

Microsoft Word

Communication skills

Education

Bachelor's degree (in progress) in Risk Management, Economics, Finance, Accounting, Mathematics, Data Analytics, Business Management, or related field

Job description

2027 Group Benefit Solutions (GBS) Underwriting Summer Internship Program (Phoenix, AZ)

Phoenix, Arizona, United States

Hybrid

Job Description

Requisition ID

94519

Job Function

Group Benefit Solutions

Location

Phoenix,Arizona,United States

Role Location Designation

Job Requisition ID:94519

Group Benefit Solutions deliverscomprehensive insurance and absence management solutions for mid-sized and large companies. Our work fosters a healthier, happier, and more secure workforce, contributing to New York Life's legacy of being there when we're needed most. Here, you'll design, implement, and support these solutions directly impacting employees' lives. At our core, we provide financial security and peace of mind to people through our absence, accident, disability, voluntary benefits, and life insurance solutions. Click here to learn more about Group Benefits solutions.

Role Overview

If you're looking to apply strong analytical and quantitative skills in a collaborative, fast-paced environment, an Underwriting internship in Group Benefit Solutions offers an opportunity to gain hands-on experience while building a strong foundation in insurance underwriting.

During this 10-week summer internship, you will learn how underwriters evaluate risk, assess potential customers, and develop pricing recommendations for group insurance solutions. Through formal training, mentorship, networking opportunities, and real-world underwriting assignments, you will gain exposure to the underwriting profession while contributing to meaningful business outcomes that help deliver financial protection and peace of mind to millions of people.

What You'll Do

Participate in structured training sessions to build a foundational understanding of Group Benefits underwriting principles, products, and risk evaluation.

Partner with an experienced underwriter through one-on-one mentorship while engaging with senior leaders and expanding your professional network.

Analyze real underwriting cases by assessing risk factors and contributing to pricing decisions that support business growth and profitability.

Collaborate with fellow Group Benefit Solutions interns on a summer-long project that strengthens analytical thinking, problem-solving, and teamwork skills.

Attend speaker sessions and learning events led by New York Life leaders across Underwriting, Finance, and related business functions to broaden your understanding of the organization.

What You'll Bring

Rising senior pursuing a bachelor's degree in Risk Management, Economics, Finance, Accounting, Mathematics, Data Analytics, Business Management, or a related field.

Strong analytical, quantitative, and critical thinking skills with a high level of comfort working with numbers.

Effective written and verbal communication skills with the ability to present ideas clearly.

Proficiency with Microsoft Office applications, particularly Microsoft Excel and Word.

Interest in pursuing a career in underwriting and the insurance industry.

Customer-focused mindset with strong organizational skills and attention to detail.

Preferred Skills

Overall GPA of 3.0 or higher.

Previous coursework or internship experience related to finance, insurance, risk management, or data analysis.

Experience working collaboratively on team-based projects.

Demonstrated curiosity, initiative, and commitment to continuous learning.

To be eligible for this program, you must be authorized to work in the U.S. We do not offer any type of employment‑based immigration sponsorship for this program. Likewise, this program is not available to those authorized to work under optional practical training (OPT) or curricular practical training (CPT).

Curious what it's like to intern at NYL? Check out #NYLEarlyCareers on LinkedIn!

#GBScampus

#LI-MW1

Pay Transparency

Salary range:21/ hour

Discretionary bonus eligible:No

Actual 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.

Actual base salary within that range will be determined by several components including but not limited to the individual's experience, skills, qualifications, and job location. In addition to base salary, employees may also be eligible to participate in an incentive program.

Our Diversity Promise

We 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.

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Our Hybrid work environment provides flexibility and balance, allowing you to find your work life harmony.

Family Friendly Benefits

Find benefits that support your unique family situation, including fertility assistance, paid new-parent benefits, backup childcare services, free virtual tutoring, and more.

We Invest in Your Future

Enjoy a more secure future with a company-sponsored pension plan for eligible employees and a savings plans with a company match 1.

Take advantage of our tuition reimbursement program to further your education and advance your career with job-related courses and programs.

Summer Flex Time

Take time for yourself and your loved ones. Enjoy reduced working hours during the summer months.

Disclaimer 1 : Eligibility for, and benefits under, the Pension Plan and 401(k) Savings Plan (“Plans”) are determined in accordance with the terms of the applicable plan document. Employees of certain subsidiaries, including but not limited to Group Benefit Solutions, employees of Life Insurance Company of North America and New York Life Group Insurance Company of NY, are not eligible to participate in the Pension Plan. In the event of a conflict between this information and the applicable plan document, the applicable plan document governs. The Company reserves the right to amend or terminate the Plans at any time.