Actuarial Intern - First Chicago Insurance Company (FCIC)

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. This internship offers the opportunity to work up to 40 hours per week. You will be required to work on-site in our Bedford Park location, about one mile south of Chicago Midway Airport.

The Actuarial 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