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 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