What are the responsibilities and job description for the Client Service Intern - Chicago position at Factory Mutual Insurance Company?
Overview
FM is a leading property insurer of the world's largest businesses, providing more than one-third of FORTUNE 1000-size companies with engineering-based risk management and property insurance solutions. FM helps clients maintain continuity in their business operations by drawing upon state-of-the-art loss-prevention engineering and research; risk management skills and support services; tailored risk transfer capabilities; and superior financial strength. To do so, we rely on a dynamic, culturally diverse group of employees, working in more than 100 countries, in a variety of challenging roles.
Our 12-week program will focus on the day-to-day business handlings of our three core business functions - underwriting, engineering and claims.
Responsibilities
This position is accountable for developing basic underwriting and engineering skills needed for identification and assessment of risk. This skill set is used for application of underwriting standards. Individuals in this position will be exposed to underwriting, engineering, relationship management and client servicing.
- Provides assistance to Account Managers in handling underwriting details such as rating and pricing, analysis of coverages, terms and conditions, value analysis and certificates of insurance.
- Gains and maintains a good knowledge of the underwriting guidelines, policy terms and conditions, profitability analysis and pricing to assist the account manager in program analysis and design.
- Gains an understanding of FM’s capabilities and processes.
- Learns loss prevention and control
Qualifications
- Academic Credentials (3.0 GPA or above)
- Plan to graduate with a bachelor's degree in preferably Finance, Risk Management, or other applicable degree
- Ability to work full-time during summer internship and commute to assigned operation throughout internship
- Outstanding analytical, problem solving, negotiation and computer skills
- Ability to work with financial data
- Excellent presentation and interpersonal skills
- Attention to detail is required
FM is an Equal Opportunity Employer and is committed to attracting, developing, and retaining a diverse workforce.