Actuarial

New York Life Insurance Co.; New York, Northern (NY, KY); Hybrid; USD 40,000 - 47,000; Full time

Benefits offered by this job

Summer Flex Time

Tuition reimbursement

Family friendly benefits

We Invest in Your Future

Opportunities for full-time position

Job summary

New York Life invites you to its 2027 Actuarial Summer Internship Program in New York City. The 12-week hybrid internship blends hands-on actuarial projects with skills classes (actuarial modeling software, Excel/VBA, Python) and weekly lectures, plus mentorship, meetings with senior actuaries, and social events.

Participants gain exposure to product design, pricing, financial results evaluation, and strategic planning, with potential full-time opportunities after completion.

Qualifications

• Rising junior or senior or recent graduate pursuing a Bachelor's degree in Actuarial Science, Computer Science, Data Science, Mathematics, Statistics, Engineering, Economics, or Finance
• GPA and exam progress preferred (SOA)
• Experience with actuarial and statistical analytics is a plus

Responsibilities

• 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 risk-minimizing approaches
• Performing actuarial and statistical analytics
• Optimizing actuarial processes

Skills

Actuarial background

Python

Excel/VBA

Communication

Teamwork

Education

Bachelor's degree in a relevant field

Actuarial exam progress (SOA)

Tools

Excel/VBA

Python

Actuarial software

Job description

2027 Actuarial Summer Internship Program

New York, New York, United States

Hybrid

Job Description

Requisition ID

94491

Job Function

Corporate Finance

Location

New York,New York,United States

Role Location Designation

Job Requisition ID:94491

Shape 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 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 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 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

What 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 higher

Credit for one or more Society of Actuaries exams (working toward ASA/FSA designation)

Applications will be reviewed on a rolling basis.

#Actuarialcampus

#LI-MW1

Pay Transparency

Salary Range: $29-$34/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.

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

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.