Product Analysis Intern

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.