Job Requisition ID:92187

Location Designation:Hybrid - 3 days per week

Group Benefit Solutions delivers comprehensive 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.

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 Intern position is located in the Phoenix Underwriting hub. The Phoenix hub is located at the High Street Plaza near Desert Ridge Marketplace. The Phoenix hub is one of our fastest growing NY Life Group Benefit Solutions Underwriting hubs. Our team includes a diverse group of talented individuals with a variety of backgrounds and experience levels. Over the last five years, we have continually grown our Phoenix team through on campus recruiting efforts at several local universities, including both intern and full-time hiring.

Qualifications

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

• Customer-centric mindset

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 #NYLEarlyCareerson LinkedIn!

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Pay Transparency

Salary range:21/ hour

Overtime eligible:Nonexempt

Discretionary bonus eligible:

Sales bonus eligible:

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 theFoundation.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.