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 and actuarial initiatives. Specific duties may include the following:
- Plan, implement, manage, and/or contribute to projects up to moderate complexity.
- 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 which may include competitive rate comparisons and various other competitive and profitability studies.
- Conduct research, perform basic trend analysis, and provide observations on target markets.
- Responsible for special and ad hoc projects, analysis, and reporting.
- Support department in their role implementing a new policy management system.
- Create and update monthly/quarterly reports.
- Build strong relationships among team members, ensuring cooperation on project objectives.
In this role, you will be involved primarily with the Personal Auto line of business.
QUALIFICATIONS:
Ideal candidates will fulfill the following requirements:
- Recently acquired or pursuing a bachelor's degree in Business Administration, Actuarial Science, Math/Statistics, 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.
- SQL/SAS familiarity is a plus but not required.
- Ability to work 40 hours a week.
- Must be able to work in U.S. without sponsorship.
- Internship is not eligible for university course credits.
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