Underwriting Internship

Job Description

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

The Tone:
This is a 10-week summer internship at New York Life, located in Chattanooga, TN, with a hybrid work model requiring 3 days per week in the office. New York Life’s Group Benefit Solutions delivers comprehensive insurance and absence management solutions for mid-sized and large companies. This role is vital for designing, implementing, and supporting solutions that directly impact employees’ lives by providing financial security and peace of mind through absence, accident, disability, voluntary benefits, and life insurance. The work here contributes to New York Life’s legacy of being there when needed most.

The TL;DR
• Role: Internship
• Type: Seasonal
• Location: Hybrid – Chattanooga, TN
• Pay: $21 hourly
• Team: Group Benefit Solutions underwriting team
• Mission: This intern will learn to evaluate risk, assess potential customers, and develop pricing recommendations for group insurance solutions to ensure financial protection and peace of mind for millions.
• Tech Stack: Microsoft Excel, Microsoft Word

What You’ll Actually Do
• Participate: Participate in structured training sessions to build a foundational understanding of Group Benefits underwriting principles, products, and risk evaluation.
• Partner: Partner with an experienced underwriter through one-on-one mentorship while engaging with senior leaders and expanding your professional network.
• Analyze: Analyze real underwriting cases by assessing risk factors and contributing to pricing decisions that support business growth and profitability.
• Collaborate: Collaborate with fellow Group Benefit Solutions interns on a summer-long project that strengthens analytical thinking, problem-solving, and teamwork skills.
• Learn: 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, with an interest in pursuing a career in underwriting and the insurance industry.
• Experience: No specific years required for this internship; however, previous coursework or internship experience related to finance, insurance, risk management, or data analysis is preferred.
• Skills: Strong analytical, quantitative, and critical thinking skills with a high level of comfort working with numbers; effective written and verbal communication skills with the ability to present ideas clearly; proficiency with Microsoft Office applications, particularly Microsoft Excel and Word; customer-focused mindset with strong organizational skills and attention to detail.
• Bonus: Overall GPA of 3.0 or higher; experience working collaboratively on team-based projects; demonstrated curiosity, initiative, and commitment to continuous learning.