Job Description

Job Description

Job Description

First Chicago Insurance Company is looking for an eager, ambitious, and diligent intern to join their Product & 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.

Job Description: Intern will be introduced to insurance terminology and concepts in general and exposed to a variety of Product/Actuarial projects and techniques. Projects may include:

• Assist with new product development which includes competitive rate comparisons and various other competitive studies
• Create supporting exhibits and prepare filings for submission to department of insurance to satisfy state regulatory requirements
• Complete data preparation and reserve reviews on various lines of business
• Create and update monthly/quarterly financial reports

Intern will be involved with wide variety of insurance products which may include: Non-Standard Auto, Commercial Auto, and General Liability.

Key Skills & Qualifications: Ideal candidates will fulfill the following requirements:

• Pursuing an 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
• Great organizational and problem-solving abilities
• Knowledge of Microsoft Word and Excel
• SOA/CAS exams a plus but not required
• Ability to work up to 40 hours a week
• Willing to work part-time during the school year
• Must be able to work in U.S. without sponsorship

*This is a temporary/seasonal position and is not benefit eligible.

Estimated Compensation Range: $16/hr-$25/hr*

*Published ranges are estimates. Offered compensation will be based on experience, skills, education, certifications, and geographic location. In addition, starting salary may vary by position depending on whether the position is in-office, hybrid or remote.

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