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    Product Analysis Intern - Chicago, United States - First Chicago Insurance Company (FCIC)

    First Chicago Insurance Company (FCIC)
    First Chicago Insurance Company (FCIC) Chicago, United States

    3 weeks ago

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    Description

    Job Description

    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
    Job Posted by ApplicantPro
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