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Actuary Intern (ID: 105961) for Fall 2017


Department of Financial Services

One State Street
New York , NY 10004

Division/Unit: Life Bureau


Web Site: http://www.dfs.ny.gov(New Window)


Proposal Information


The New York State Department of Financial Services is seeking candidates for Actuarial Intern (Life Bureau) positions in its Albany office.

Under the direct supervision of a Principal or Senior Actuary, a student intern would:
* Acquire actuarial experience related to Life, Annuity and Accident & Health

* Assist in the review of various annual filings as required by New York State laws and regulations

* Assist in the review of formula reserves for various products for compliance with New York State minimum statutory reserve requirements

* Perform various tasks related to actuarial opinions and memorandums

* Assist in special projects as needed
NYS Intern Program Eligibility:

* Must be a US citizen or foreign national eligible to work in the United States
* Must be 18 years of age or older
* Must be currently attending a New York State college, university or graduate program OR be a resident of New York State attending a college, university or graduate program outside of New York State
* Have completed a minimum of one (1) year as a student at a degree-granting two or four-year college or university (completion of one year's worth of academic credits over a more extended period of time may qualify part-time students for participation in the Student Intern Program) OR be a currently enrolled graduate student or accepted in a graduate degree program
* Have a minimum of 12 credits of mathematics or statistics
* Have a GPA of at least 3.0



Excellent verbal & written communication

Excellent organization

Excellent analytical abilities

Proficient in MS Outlook, Word & Excel

Ability to recognize/understand issues


Internship Areas: Accounting/Auditing, Planning/Analysis/Research

Logistical Information

Payment? Unpaid

Number of Hours: 20 - 30

Location: Albany

Number of Interns Needed: 10

Desired Candidate Profile

Preferred Standing Graduate Student

Minimum Standing: Junior

Degree Concentrations: Financial Studies