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 • 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 • Assist with basic compliance and regulation questions as needed • Create and update monthly/quarterly reports • Work with IT to implement basic system and web rate changes and enhancements • Build 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 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 • Ability to work 40 hours per week *This 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.