First Chicago Insurance Company (FCIC)
  • Bedford Park, IL, USA
  • Seasonal

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 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
  • Conduct research, perform basic trend analysis, and provide observations on target markets
  • 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
  • Responsible for special and ad hoc projects, analysis, and reporting
  • Participate in evaluation of internal/external processes and procedures
  • Create and update monthly/quarterly reports
  • Audit an internal commission forecast report
  • Build strong relationships among team members, ensuring cooperation on project objectives

 

In this role, you will be involved with wide variety of insurance products which may include: Non-Standard Auto, Commercial Auto, General Liability, Workers' Compensation, and Ancillary Individual Health.

 

 

QUALIFICATIONS:

Ideal candidates will fulfill the following requirements:

 

  • Recently acquired or pursuing a bachelor's degree in Business Administration, Math/Statistics, Economics, Finance, or other related degree with a cumulative grade point average of 3.0 (out of 4.0) or better
  • Availability to work a full-time 40 hours/week for the duration of the internship, expected to last up to 90 days
  • Excellent verbal and written communication skills
  • Excellent quantitative, organizational, decision making, and problem-solving skills
  • Proficiency in Microsoft Word and Excel
  • Basic knowledge of automotive and insurance industry is a plus but not required
  • SQL/SAS familiarity is a plus but not required
  • Must be able to work in U.S. without sponsorship
First Chicago Insurance Company (FCIC)
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