Product Analysis Intern

$16 - $23/Yr

First Chicago Insurance Company (FCIC) - Bedford Park, IL

- Intern

Bedford Park, IL

Insurance Carriers and Related Activities

About the position

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.

Responsibilities

• 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
• Assist in the creation of rate, rule, and form filings for submission to the Department of Insurance to satisfy state regulatory requirements
• 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

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