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 & 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 complexityAnalyze 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 requirements Across 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 proceduresAssist with basic compliance and regulation questions as neededCreate and update monthly/quarterly reportsWork with IT to implement basic system and web rate changes and enhancementsBuild strong relationships among team members, ensuring cooperation on project objectives In this role, you will be involved primarily with Commercial lines 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 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 creditsAbility to work 40 hours per weekThis is a temporary seasonal position and is not benefit eligible. Estimated Compensation Range: $16/hr-$23.75/hr* Published ranges are estimates. Offered compensation will be based on experience, skills, education, certifications, and geographic location. Job Posted by ApplicantPro