First Chicago Insurance Company is looking for an eager, ambitious, and diligent intern to join its Product and Actuarial Analysis Department. This is a great opportunity for a college student or recent college graduate to gain true business experience in a hands-on working environment.
DUTIES & RESPONSIBILITIES:
Interns are introduced to insurance terminology and concepts, and gain exposure to a variety of product initiatives. Specific duties may include the following:
- Plan, implement, manage, and/or contribute to projects up to moderate complexity
- Analyze competitor product rates, features, and contract languages
- Within department, assist in the creation of rate, rule, and form filings for submission to the Department of Insurance to satisfy state regulatory requirements
- Across all functional departments, assist in new product developments and existing product enhancements
- Conduct research and provide observations on target markets
- Responsible for special ad hoc projects, analysis, and reporting
- Participate in evaluation of internal/external processes and procedures
- Assist with basic compliance and regulation questions as needed
- Create and update monthly/quarterly reports
- Work with IT to implement basic system and web rate changes and enhancements
- Build strong relationships among team members, ensuring cooperation on project objectives
In this role, you will be involved primarily with Commercial lines of business.
QUALIFICATIONS:
Ideal candidates will fulfill the following requirements:
- Recently acquired or pursuing a bachelor's degree in Business Administration, Actuarial Science, Math/Statistics, Economics, Finance, or other related degree with a cumulative grade point average of 3.0 (out of 4.0) or better
- Excellent verbal and written communication skills
- Excellent quantitative, organizational, decision making, and problem-solving skills
- Proficiency in Microsoft Word and Excel
- Basic knowledge of insurance industry is a plus but not required
- Must be able to work in U.S. without sponsorship
- Internship is not eligible for university course credits
- Ability to work 40 hours per week
- This is a temporary seasonal position and is not benefit eligible.
Estimated Compensation Range: $16/hr-$23.75/hr*
- Published ranges are estimates. Offered compensation will be based on experience, skills, education, certifications, and geographic location.