Product Analysis Internship
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
- Research and develop coverage forms, endorsements, and manuals needed to support products
- 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
- Create and update monthly/quarterly reports
- Build strong relationships among team members, ensuring cooperation on project objectives
In this role, you will be involved with Personal and Commercial lines of business.
QUALIFICATIONS:
Ideal candidates will fulfill the following requirements:
- Recently acquired or pursuing a bachelor's degree in Pre-law, English, History, Political Science, Business Administration, 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