Daniel Teclaw
Awendaw,SC
Summary
Dynamic leader with extensive experience in financial analysis and risk assessment at AM Best Company. Proven track record in relationship management and team leadership, mentoring analysts to enhance performance. Recognized for cultivating new client relationships and delivering impactful presentations, driving strategic growth in complex insurance and financial sectors.
Overview
42
42
years of professional experience
Work History
Director, Property / Casualty Insurance Ratings
AM BEST COMPANY
Oldwick, NJ
01.2013 - Current
- Promoted three times in two years to lead, manage, and mentor a growing team of analysts providing coverage for AM Best’s portfolio of US and Caribbean captive insurance companies along with various specialty insurance and reinsurance companies. Oversee analysts and interact directly with rating clients’ C-suite executive management teams in conducting comprehensive qualitative and quantitative evaluation of a company’s fundamental financial strength and health. Published thought leader with respect to alternative risk transfer vehicles, including captives and cells. Leader in new relationship cultivation and in training P/C analytical teams.
- Regular speaker at industry events as AM Best’s captive segment leader and a specialty P/C analyst.
- Leader, collaborator, and coordinator writing and delivering captive segment and other special industry reports through published writings, webinars, and presentations.
- ‘Player/coach’ as primary analyst rating portfolio of complex and creative rating structures, as well as new rating relationships, augmenting team capacity.
- Frequent positive feedback from rated company management teams, industry participants and internal parties for candor and forthrightness.
Director, Financial Services Ratings
STANDARD AND POOR’S
New York, NY
01.2007 - 01.2012
- Primary rating analyst and relationship manager providing coverage on rated universe of about 70 large regional banks. Mentor junior colleagues in counterparty and industry analysis.
- Lead analyst of mortgage-related issues and housing government-sponsored entities (Fannie Mae, Freddie Mac, Federal Home Loan Bank System, Farm Credit System) through the financial crisis.
- Cultivated and fostered new relationships with financial regulators (e.g. Federal Housing Finance Agency), government agencies, and institutional investors to glean multiple third party views.
Director, Corporate and Investment Banking Risk Management
WACHOVIA CORPORATION / FIRST UNION CORPORATION
Charlotte, NC
01.1995 - 01.2007
- Senior Credit Officer covering Global Financial Institutions Americas Group; International Banking; and Global Capital Markets for counterparty and product terms and limits. Counterparties included global and domestic banks, broker/dealers, asset managers and funds.
- Recognized by line business leaders and syndication/derivative trading desk partners as a very strong credit partner in consultative relationship management, effective in broadening or developing bank relationships with our institutional clients.
- Established policy and processes to effectively cover over 200 counterparties with junior staff.
- Document and collateral management term negotiator. (ISDA/CSA, MSFTA, BMA, MRA).
VP, Risk Management- Financial Institutions Group, Specialty Finance Portfolio
WACHOVIA CORPORATION / FIRST UNION CORPORATION
Charlotte, NC
01.1999 - 01.2003
- Managed $3 billion credit portfolio of 20-25 complex client relationships using multiple credit facilities and products ranging in size from $25 million to $800 million. Effectively presented credit opportunities to Senior Loan Committees for approval. Actively managed credit process for asset-backed securitization / conduit clients desiring senior / subordinated, secured / unsecured credit as well as structured finance arrangements in bi-lateral, club, and syndicated loan arrangements as Agents or leading participant.
- Strong underwriting and credit element negotiation contributed to prudently and profitably increasing $1.8 billion credit portfolio to $3 billion net of strategic exits.
- Led teams in due diligence of new client relationships and negotiated credit terms and conditions with bulge bracket Agent banks.
VP, Risk Management- Financial Institutions Group, Specialty Finance Portfolio (cont’d)
WACHOVIA CORPORATION / FIRST UNION CORPORATION
Charlotte, NC
01.1999 - 01.2003
- Proposed and negotiated hedging and risk management strategies with senior credit managers to establish relationship profitability (RAROC) requirements for large corporate credit relationships based on fundamental and relative value analysis.
- Assigned credit authority for syndication arrangements based on borrower default grade.
- Proposed alternative to offset hedging costs through sale of credit default swaps.
- Created and negotiated ‘synthetic’ default swaps where public reference obligations did not exist.
Associate
First Union Capital Markets Corp., Healthcare Finance Group
01.1997 - 01.1999
- Client manager, underwriter, and portfolio manager for senior and subordinated debt for $3 billion portfolio of 80 clients and 16 different health service segments.
- Collaborated with IT professionals to design, test, and implement one of First Union’s first electronic loan servicing platforms to manage credit servicing to regulator (OCC) specifications.
- Led team of seven peers in generating very successful analytical presentation for Corporation’s Chief Credit Officer in inaugural Healthcare Portfolio Review.
Portfolio Manager
NBD BANK, N.A., Detroit, MI
Detroit, MI
01.1993 - 01.1995
- Negotiated, underwrote, and serviced commercial credit for entities to $50 million in revenues.
Loan Officer Training Program
NBD BANK, N.A., Detroit, MI
Detroit, MI
01.1993 - 01.1995
- Completed formal credit training program for MBA recruits with rotations in international and corporate banking, private banking and middle market lending.
Lieutenant / Naval Flight Officer
U.S. NAVY, NAS Whidbey Island, WA
Whidbey Island, WA
01.1984 - 01.1991
- Mission Commander, Co-pilot, Weapons System Officer and Flight Instructor of EA-6B Prowler, an aircraft carrier-based Electronic Warfare platform
- Excelled as a junior officer in start-up squadron using assertiveness, diligence, attention to detail, maturity and sound judgment both airborne and in ground leadership and management roles.
- Designated Mission Commander ahead of peers
Flight Officer / Program Manager / Middle Manager
U.S. NAVY, NAS Whidbey Island, WA
Whidbey Island, WA
01.1984 - 01.1987
- Managed classroom, flight and simulator training for 180 student pipeline in 10 month syllabus using 4 simulators and 35 aircraft within $10 million operating budget.
- Reduced training bottleneck of delivering fully trained student pilots to fleet squadrons from 16 weeks to four and eliminated an eight-week backlog of fully-trained Weapons System Officers.
- Selected ahead of 18 senior candidates to devise and implement new Defensive Tactics Program.
- Subsequently promoted to implement this same program across all 13 fleet squadrons.
- Managed and mentored 25 young sailors in rigorous aircraft carrier flight deck environment.
- Managed eight clerks in meeting all personnel needs of 200-man squadron.
- Received Navy Achievement Medal for independently leading establishment and operation of squadron legal office from the ground up within 6 months with no formal legal training.
Officer Under Instruction
U.S. NAVY, NAS Whidbey Island, WA
Whidbey Island, WA
01.1984 - 01.1987
- Flight School and Weapons System Training
Education
Masters - Business Administration, Concentration in Finance
PENNSYLVANIA STATE UNIVERSITY
University Park, PA01.1993
Bachelor of Science - Concentrations in Economics and Engineering
U.S. NAVAL ACADEMY
Annapolis, MD01.1984
Skills
- Financial analysis
- Risk assessment
- Relationship management
- Credit underwriting
- Team leadership
- Presentation skills
- Mentorship
- Process improvement
Miscellaneous
Held Top Secret security clearance; Passed Series 7/63 registered representative exams
Timeline
Director, Property / Casualty Insurance Ratings
AM BEST COMPANY
01.2013 - Current
Director, Financial Services Ratings
STANDARD AND POOR’S
01.2007 - 01.2012
VP, Risk Management- Financial Institutions Group, Specialty Finance Portfolio
WACHOVIA CORPORATION / FIRST UNION CORPORATION
01.1999 - 01.2003
VP, Risk Management- Financial Institutions Group, Specialty Finance Portfolio (cont’d)
WACHOVIA CORPORATION / FIRST UNION CORPORATION
01.1999 - 01.2003
Associate
First Union Capital Markets Corp., Healthcare Finance Group
01.1997 - 01.1999
Director, Corporate and Investment Banking Risk Management
WACHOVIA CORPORATION / FIRST UNION CORPORATION
01.1995 - 01.2007
Portfolio Manager
NBD BANK, N.A., Detroit, MI
01.1993 - 01.1995
Loan Officer Training Program
NBD BANK, N.A., Detroit, MI
01.1993 - 01.1995
Lieutenant / Naval Flight Officer
U.S. NAVY, NAS Whidbey Island, WA
01.1984 - 01.1991
Flight Officer / Program Manager / Middle Manager
U.S. NAVY, NAS Whidbey Island, WA
01.1984 - 01.1987
Officer Under Instruction
U.S. NAVY, NAS Whidbey Island, WA
01.1984 - 01.1987
Masters - Business Administration, Concentration in Finance
PENNSYLVANIA STATE UNIVERSITY
Bachelor of Science - Concentrations in Economics and Engineering
U.S. NAVAL ACADEMY