Product Analysis Intern
First Chicago Insurance Company
Chicago, ILFresher1h agovia LinkedIn
About the Role
First Chicago Insurance Company is seeking an eager, ambitious, and diligent intern for its Product and Actuarial Analysis Department. This is an opportunity for a college student or recent college graduate to gain business experience in a hands-on working environment.
Key Responsibilities
- Plan, implement, manage, and/or contribute to projects up to moderate complexity.
- 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 across all functional departments.
- Conduct research and provide observations on target markets.
- Perform special ad hoc projects, analysis, and reporting.
- Participate in the 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.
- Involved primarily with Commercial lines of business.
Qualifications
- Recently acquired or pursuing a bachelor's degree in Business Administration, Actuarial Science, Math/Statistics, Economics, Finance, or other related degree.
- 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 the insurance industry is a plus but not required.
- Must be able to work in the U.S. without sponsorship.
- Ability to work 40 hours per week.
Additional Notes:
- Internship is not eligible for university course credits.
- This is a temporary seasonal position and is not benefit eligible.
- Estimated Compensation Range: $16/hr - $23.75/hr.