New York Life Insurance Company 2024 Group Benefit Solutions Underwriting Summer Internship Program in Philadelphia, Pennsylvania
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When you join New York Life, you’re joining a company that values career development, collaboration, innovation, and inclusiveness. We want employees to feel proud about being part of a company that is committed to doing the right thing. You’ll have the opportunity to grow your career while developing personally and professionally through various resources and programs. New York Life is a relationship-based company and appreciates how both virtual and in-person interactions support our culture.
About This Job
If you’re looking to use strong analytical and math skills in a competitive, fast-paced environment, an Underwriting career in Group Benefit Solutions will allow you to do all this and more. Underwriters evaluate the risk of insuring a potential Group Benefit Solutions customer and use that information to set premium rates for insurance policies.
This 10-week program will expose you to what life as an underwriter will be like and is a great way to assess whether the underwriting profession is a good fit for you. As part of our internship program, you will have a direct impact on the financial results of our business while helping us deliver on a longstanding commitment of providing financial protection and peace of mind to the millions we serve.
What You’ll Do
As an Underwriting Summer Intern with New York Life Group Benefits Solutions, you can expect to be involved in a variety of opportunities, including:
Training sessions to learn the fundamentals of underwriting
One-on-one mentorship with a local underwriter, engagement opportunities with senior management, and other networking opportunities
Assess risk dynamics on real underwriting cases and contribute to Group Benefits Solutions sales goals and bottom line
Collaborate with GBS interns from around the country on a summer long project that challenges your problem-solving, analytical, and collaboration skills
Routine speaker series hosted by New York Life leaders from a variety of Finance and Underwriting functions
Where You’ll Work
The Underwriting Summer Internship is located in the Philadelphia Underwriting hub. The Philadelphia hub is located in the heart of the city at Two Liberty Place surrounded by all of the wonderful things Philly has to see and do. The Philadelphia hub is the largest NY Life Group Benefit Solutions Underwriting hub with a diverse group of talented individuals with a variety of backgrounds and experience levels. Over the years, we have continually grown our Philadelphia team through on campus recruiting efforts at several local universities, including both intern and full-time hiring.
To join our dynamic team as a Summer Intern, you should have:
Completed 3 years towards a Bachelor's degree (rising senior) in Risk Management, Economics, Finance, Accounting, Mathematics, Data Analytics, Business Management
Strong analytical and strategic thinking skills
3.0 GPA or higher preferred
High comfort level with math/numbers
Excellent oral and written communication skills
Proficiency with Microsoft office software, especially Microsoft Word and Excel
An interest in pursuing a career in underwriting
About New York Life Insurance Company
Hiring and Developing Entrepreneurial People Who Are Interested in a Career in Financial Services. As a mutual company, with no investors or outside owners, New York Life is uniquely aligned with our clients’ interests and priorities. We deeply value the difference we can make in the lives of individuals and families, both in the work we do every day and our commitment to the communities where we work and live. We pride ourselves on our inclusive culture, training, and career opportunities. It should not be surprising that when you work at New York Life—whether as an agent or as one of our valued corporate employees—you're backed by unyielding support, development, and resources. Here at New York Life we offer employee resource groups. Employees representing unique cultures, experiences, and backgrounds, these groups do much more than raise awareness of diversity & inclusion. Throughout the year, these groups organize professional and personal development seminars and workshops, conduct networking events, host special guest speakers, raise funds for worthy causes, and mentor colleagues. When individuals succeed, we succeed as a team. And from there we keep building a workplace of leaders. That's why it has always been important to us to invest in a wide variety of development tools and benefits that protect and motivate our workforce. We're here to assist you in realizing your highest potential. If your career is important to you, and you thrive on personal growth and professional challenges, we invite you to explore professional career opportunities at New York Life.
Applications will be reviewed on a rolling basis and interviews will begin mid-September.
Salary range: $21/ hour
Overtime eligible: Nonexempt
Discretionary bonus eligible: No
Sales bonus eligible: No
Click here to learn more about ourbenefits (https://www.newyorklife.com/careers/corporate/benefits) . Starting salary is dependent upon several factors including previous work experience, specific industry experience, and/or skills required.
Please note: At this time, employees of Group Benefit Solutions can be considered for open positions within Group Benefit Solutions only. Applications from Group Benefit Solutions employees for open positions within other New York Life businesses are unable to be considered.