RAKESH DAYAL
AVP Risk Underwriter
Thousand Oaks,California
Summary
Dedicated Risk Underwritering professional with a history of meeting company goals utilizing consistent and organized practices. Skilled in working under pressure and adapting to new situations and challenges to best enhance the organizational brand.
Overview
24
24
years of professional experience
Work History
Assistant Vice President Risk Underwriting
Allianz Trade Americas
05.2011 - Current
- Founding member of the newly created Risk Department following the establishment of EH California, a fully autonomous Business Unit
- Experience with hiring, training and developing new team members
- Responsible for servicing a large number of top-tier CA clients via centricity visits
- Targeted to meet new prospects on a monthly basis in order to help conversion rates and increase corporate top line growth
- Responsible for Departmental Reports such as Underwriting Performance required at weekly CMT meetings
- Following the absorption of EH California to Allianz Trade Americas I performed enhanced responsibilities with the Retail Industry team
- Managed a portfolio of top-tier clients via centricity visits and regular communication during boom and bust economic cycles
- Involved in prospect calls and visits to add value and credibility to the sales process
- Worked closely with Commercial colleagues during Hot Deal calls, in order to fine tune our product offering and ensure we optimized our opportunity
- Also strategized risk portfolio with any High Loss ratio policies to ensure our risk tolerance was in line with the quality of client
- Worked closely with Monitoring analysts to identify and govern sensitive risks
- Produced high level documentation such as Post Mortem Analysis and contributed to the weekly Credit Committee.
- Reviewed, identified, updated and prioritized strategic initiatives to provide comprehensive support to senior leadership.
- Attended Broker events, promoting company brand and building rapport with prospects and partners.
- Allocated work assignments and tasks to comprehensively manage administrative projects.
Senior Risk Underwriter
Euler Hermes UK
09.2010 - 05.2011
- In combination to being a Risk Underwriter I would deputise for the manager in all respects as and when required, so that the team continues to run effectively and be managed properly
- Assist in coaching in accordance with the Department and Company’s business plans to ensure that underwriters are appropriately trained.
Risk Underwriter/Acting Manager
Euler Hermes UK
05.2010 - 08.2010
- In addition to my role as a Risk Underwriter, I had the opportunity to undertake an enhanced role during the incumbent manager’s secondment to a Commercial Department
- I closely monitored the team’s weekly performance against the department’s targets
- I was responsible for a portfolio of Sensitive Risk and high profile Group Risk spreadsheets
- I attended and presented at the Risk Committee
- Regularly liaised with the Assistant Risk Director in order to highlight and prepare background information to commercial cases.
- Built strong relationships with brokers and clients for constructive communications.
- Analyzed data to identify trends and predict future insurance needs.
- Cross-trained existing employees to maximize team agility and performance.
Risk Underwriter
Euler Hermes UK
09.2006 - 05.2010
- The role primarily is to underwrite credit risk between our clients and their customers
- Strong working knowledge of corporate analysis
- Specific sector knowledge within Food & Drinks, Agriculture, Chemicals, Plastics, Media Advertising and Petroleum industries
- Responsible for servicing a portfolio of clients and being the primary point of contact for all risk enquires relating to these clients
- Involvement in client meetings in order to provide updates on specific concerns within their industry as well as the wider economy
- Manage a portfolio of high level risks depending on our current exposure levels and severity of risk.
Graduate Trainee
Euler Hermes UK
09.2005 - 08.2006
- As a Graduate Trainee I moved from department to department to gradually develop a thorough and well rounded understanding of the group’s product services and organization
- In addition to the extensive job training, I attended courses in order to develop core competencies in financial analysis and personal development
- The role included- Taking responsibility for sourcing, interpreting and providing reports on the financial, economic, commercial and political information that is vital to our customers
- Completing delivery of projects and other ad hoc tasks within agreed timetables to enable the company reduce costs, improve customer service and increase efficiencies
- Forming business relationships with clients, buyers and brokers
- Conducting presentations as and when required.
Customer Sales Assistant
JJB Sports
06.2002 - 09.2002
- Summer job that gave me an insight into the selling practices of a well known sports store, in particular the world of target setting within a time pressured environment
- I also witnessed firsthand the competing dynamic between achieving sales and customer care
- Responsibilities: Sales, customer communication and undertaking stock checks.
Customer Care Executive
BT Cellnet
05.2000 - 09.2000
- Working independently within a team environment to assist customers of a dominant telephone company – demanding role requiring efficient time management and proficiency on a number of in-house IT applications
- Responsibilities: Primarily dealing with technical customer queries related to cellular phones but also answering general questions on any of BT’s products
- I constantly expanded knowledge base to keep ahead of regular upgrades to policies, products and tariffs
- Used highly advanced computer systems to relay helpful information to customers
Education
MSc Banking & Finance -
Stirling University
BA (Hons) Economics - undefined
Stirling University
A levels - undefined
St Mary’s College
GCSEs - undefined
Pleckgate High School
Skills
Policy Compliance
undefinedPc Skills
Excel advanced, Word and PowerPoint, Microsoft Office, IRP, Goldmine, Qirin, Group Ticketing, Compass, Midas
Personal Information
- Date of Birth: 02/24/81
- Nationality: British
References
- Professor Robin J Ruffell, Senior Lecturer of Economics, Department of Economics, University of Stirling
- Tony Clary, Regional Head of Claims, Solunion Spain, Madrid, Spain, +34 65 31 43 212
- Kysa Grubb, Industry Manager Retail Risk Underwriting, Allianz Trade Americas, Owings Mills, MD, 410 409 5659
Timeline
Assistant Vice President Risk Underwriting
Allianz Trade Americas
05.2011 - Current
Senior Risk Underwriter
Euler Hermes UK
09.2010 - 05.2011
Risk Underwriter/Acting Manager
Euler Hermes UK
05.2010 - 08.2010
Risk Underwriter
Euler Hermes UK
09.2006 - 05.2010
Graduate Trainee
Euler Hermes UK
09.2005 - 08.2006
Customer Sales Assistant
JJB Sports
06.2002 - 09.2002
Customer Care Executive
BT Cellnet
05.2000 - 09.2000
MSc Banking & Finance -
Stirling University
BA (Hons) Economics - undefined
Stirling University
A levels - undefined
St Mary’s College
GCSEs - undefined
Pleckgate High School
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