Product Analysis Intern

FCIC•Bedford Park, IL

4d•$16 - $24

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.

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
Must be able to work in U.S. without sponsorship
Internship is not eligible for university course credits
This is a temporary seasonal position and is not benefit eligible.

Nice To Haves

Basic knowledge of insurance industry is a plus but not required

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
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.