Underwriting Internship

Job Description

2027 Group Benefit Solutions (GBS) Underwriting Summer Internship Program (Philadelphia, PA) | New York Life

The Tone:
This is a 10-week summer internship at New York Life, located in Philadelphia, PA, with a hybrid schedule. The Group Benefit Solutions team delivers comprehensive insurance and absence management solutions for mid-sized and large companies. This role is crucial in helping the company evaluate risk and develop pricing for group insurance, directly impacting employees’ financial security and peace of mind through absence, accident, disability, voluntary benefits, and life insurance solutions.

The TL;DR
• Role: Internship
• Type: Seasonal (10-week summer program)
• Location: Hybrid – Philadelphia, PA
• Pay: $21 hourly
• Team: Group Benefit Solutions
• Mission: Evaluate risk, assess potential customers, and develop pricing recommendations for group insurance solutions that deliver financial protection.
• Tech Stack: Microsoft Excel, Word

What You’ll Actually Do
• Training: Participate in structured sessions to build a foundational understanding of Group Benefits underwriting principles, products, and risk evaluation.
• Mentorship: Partner with an experienced underwriter through one-on-one mentorship while engaging with senior leaders to expand your professional network.
• Analysis: Analyze real underwriting cases by assessing risk factors and contributing to pricing decisions that support business growth and profitability.
• Collaboration: Collaborate with fellow Group Benefit Solutions interns on a summer-long project that strengthens analytical thinking, problem-solving, and teamwork skills.
• Learning Events: 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.

The Must-Haves
• Background: Rising senior pursuing a bachelor’s degree in Risk Management, Economics, Finance, Accounting, Mathematics, Data Analytics, Business Management, or a related field.
• Experience: Interest in pursuing a career in underwriting and the insurance industry.
• Skills: Strong analytical, quantitative, and critical thinking skills with a high level of comfort working with numbers; effective written and verbal communication skills; customer-focused mindset with strong organizational skills and attention to detail.
• Bonus: 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.