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
• 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