New York Life Insurance Company (“New York Life” or “the company”) is the largest mutual life insurance company in the United States*. Founded in 1845, New York Life is headquartered in New York City, maintains offices in all fifty states, and owns Seguros Monterey New York Life in Mexico.
New York Life is one of the most financially strong and highly capitalized insurers in the business. The company reported 2014 operating earnings of $2.021 billion. Total assets under management at year end 2014, with affiliates, totaled $552.82 billion. New York Life holds the highest possible financial strength ratings currently awarded to any life insurer from all four of the major ratings agencies: A.M. Best, A++; Fitch AAA; Moody’s Aaa; Standard & Poor’s AA+. (Source: Individual Third Party Ratings Report as of 8/11/15).
Financial strength, integrity and humanity—the values upon which New York Life was founded—have guided the company’s decisions and actions for 170 years.
Key Responsibilities:
Spend an exciting summer working with the Advanced Market Network (AMN) team. The Advanced Markets Network (AMN) offers sophisticated life insurance products in the Bank Owned Life Insurance (BOLI), Corporate Owned Life Insurance (COLI) and Corporate Sponsored markets, designed to support highly compensated executives and professionals. The intern will support numerous responsibilities within the area, including:
- Assist with Community Outreach efforts tying AMN to the greater Kansas City area
- Perform day to day support for internal employee engagement and communication programs
- Assist with New York Life Volunteer for Good outreach programs
- Prepare and edit communication products to include intranet blogs, press releases, and internal marketing material
- Learn and assist with internal and external outreach metrics
- Assist with developing planning and synchronization tools to support communication and engagement efforts
- Miscellaneous project work in support of the business need as it occurs
Key Accomplishments:
Throughout the summer, the intern will gain an understanding of how corporate communication, employee engagement, and community outreach efforts contribute to the culture and operational environment of a Fortune 50 corporation. Additionally, the intern will be introduced to the life insurance industry, gain a basic understanding of the BOLI and COLI product lines, and how the products serve unique market needs
- The ten week internship will run from Monday, June 5 – Friday, August 11, 2018 at the New York Life Service Center in Leawood, KS
- All Interns will be required to attend ½ day learning and development classes every Friday during the 10 week program
- Each Supervisor is required to complete a review of the intern at the end of the program
Qualifications:
- Be a rising Junior or Senior from an accredited university or college
- Have held leadership roles or significantly contributed to campus or community extracurricular activities
- Strong written and oral communication skills
- Strong research skills
- Excellent interpersonal skills
- Experience with Microsoft programs such as PowerPoint, Excel, and Access strongly preferred
EOE M/F/D/V
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- Based on revenue as reported by “Fortune 500, Ranked within Industries, Insurance: Life, Health (Mutual),” Fortune Magazine, June 15, 2015. See http://fortune.com/fortune500/2015/ for methodology.
1. Operating earnings is the key measure use by management to track Company’s profitability from ongoing operations and underlying profitability of the business. This indicator is based on generally accepted accounting principles in the US(GAAP), with certain adjustments Company believes to be appropriate as a measurement approach ( non GAAP), primarily the removal of gains or losses on investments and related adjustments.
2. Assets under management represent Consolidated Domestic and International insurance Company Statutory assets (cash and invested assets and separate account assets) and third party assets principally managed by New York Life Investment management Holdings LLC, a wholly owned subsidiary of New York Life Insurance Company.