NYL Post Grad Internship: Data Scientist/Statistician

  • Competitive
  • New York, NY, USA
  • Permanent, Full time
  • New York Life Insurance Company
  • 18 Dec 17 2017-12-18

NYL Post Grad Internship: Data Scientist/Statistician

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 Monterrey 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 2016 operating earnings of $1.954 billion. Total assets under management at year end 2016, with affiliates, totaled $538 billion. As of year-end 2016, New York Life's surplus was $23.336 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 8/17/16).
Financial strength, integrity and humanity-the values upon which New York Life was founded-have guided the company's decisions and actions for over 170 years.

NYL's Center for Data Science and Analytics is currently looking to hire two recent graduates / near graduation on a temporary basis with full time hours (40 hours per week). We are seeking candidates that have or are near completion of a Master's or PhD in Statistics, Bioinformatics, Biostatistics or another field which is highly analytical and quantitative and considered in the realm of Data Science. As a member of our team you will have the opportunity to gain real-life work experience, develop your skills, and begin building a network in a professional environment. You will need great skills in R or SAS. In addition, you must have working knowledge of statistical model building methods.

Qualifications

  • Recipient or near completion of Master's or PhD in Statistics, Bioinformatics, Biostatistics, Applied Mathematics or another field which is highly analytical / quantitative in nature
  • Exposure and experience with standard statistical techniques: Logistic Regression, Cluster Analysis, Random Forests, Experimental Design, etc.
  • Good feature engineering skills
  • Fluency with one of: R, Python or SAS
  • Strong business sense and personable
  • Self-directed and independent
Compensation is competitive. Relocation / housing support will not be provided.

Our office is located in New York City near Madison Square Park on Madison Ave between 26th and 27th street.

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* Based on revenue as reported by "Fortune 500, ranked within Industries, Insurance: Life, Health (Mutual)," Fortune Magazine, June 17, 2016. See http://fortune.com/fortune500/ for methodology.
** Total surplus, which includes the Asset Valuation Reserve, is one of the key indicators of the company's long-term financial strength and stability and is presented on a consolidated basis of the company.
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.