Product Analysis Intern

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 & ResponsibilitiesInterns 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 complexityResearch and develop coverage forms, endorsements, and manuals needed to support productsAnalyze competitor product rates, features, and contract languagesWithin department, assist in the creation of rate, rule, and form filings for submission to the department of insurance to satisfy state regulatory requirementsAcross all functional departments, assist in new product developments and existing product enhancementsConduct research and provide observations on target marketsResponsible for special ad hoc projects, analysis, and reportingParticipate in evaluation of internal/external processes and proceduresCreate and update monthly/quarterly reportsBuild strong relationships among team members, ensuring cooperation on project objectivesIn this role, you will be involved with Personal and Commercial lines of business.QualificationsIdeal 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 betterExcellent verbal and written communication skillsExcellent quantitative, organizational, decision making, and problem-solving skillsProficiency in Microsoft Word and ExcelBasic knowledge of insurance industry is a plus but not requiredMust be able to work in U.S. without sponsorshipInternship is not eligible for university course creditsThis 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.Job Posted by ApplicantPro