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Product Analysis Intern

Product Analysis Intern

First Chicago Insurance Company (FCIC)Bedford Park, IL, USA
24 days ago
Job type
  • Temporary
  • Quick Apply
Job description

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
  • This is a temporary seasonal position and is not benefit eligible.
  • Estimated Compensation Range : $16 / hr-$20 / hr

  • Published ranges are estimates. Offered compensation will be based on experience, skills, education, certifications, and geographic location.
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    Intern • Bedford Park, IL, USA

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