Development, Classes, and Presentations
We provide our actuarial trainees with a broad background in both the theoretical and practical applications of actuarial science by combining challenging rotating job assignments and significant support toward the completion of the actuarial exams. We also provide significant opportunities to improve business and leadership skills that will enable advancement throughout the company and prove valuable throughout one s career.
The summer begins with a series of training classes covering a range of topics including Microsoft Excel and Access, VBA, and Prophet (our primary actuarial modeling software). The learning continues throughout the summer in many forms:
Interns are typically placed in a pricing or financial reporting division, working side-by-side with actuaries or senior level actuarial students. A summer intern s responsibilities are dependent on placement, and may include assisting with:
Social Events and Networking
The interns are encouraged to join full-time actuarial students in social events ranging from weekly softball games to post-exam gatherings. Interns are also invited to more formal company events including the Annual Actuarial Reception, All Campus Enrichment (ACE) day. Other less formal social events include bowling night at the Chelsea Piers, a Mets or Yankees game, a group volunteer activity, and a goodbye ice-cream social.
Interns also participate in many networking and development events to expose them to various non-actuarial areas of the company. There are multiple gatherings that include the entire corporate internship program, which is made up of over 100 interns across the company.
Interns are scheduled to work from late May through mid-August. The company generally hires 14 interns each summer; the salaries are commensurate with the number of actuarial exams passed. Housing is provided by New York Life and is free for the interns. Interns who are offered a full-time Actuarial Trainee position at the conclusion of the internship are eligible to receive a starting bonus upon acceptance.
We seek candidates who exhibit the following characteristics: