Summary
Overview
Work History
Education
Skills
Accomplishments
Certification
Timeline
Generic
Rahul Lokhande

Rahul Lokhande

Area Manager- OEM
Nashik

Summary

A Senior Manager having a 10 Years of Experience in General Insurance Domain, an Highly Motivated and Proactive learner having a technical Skills in Motor and SME Business,Possess team spirit thereby helping in easy achievement of organizational & personal goals Also Caring a MBA marketing degree Along with various certification which is very much aligned to General Insurance team lead Profile.

Overview

10
10
years of professional experience
9
9
years of post-secondary education
3
3
Languages

Work History

Area Manager

Cholamandalam General Insurance Company Limited
Nashik
08.2024 - Current
  • Developed strong relationships with clients, leading to increased customer satisfaction and repeat business.
  • Improved overall efficiency by identifying areas in need of improvement and implementing necessary changes.
  • Coordinated with various departments to facilitate smooth communication, enhancing operational effectiveness.
  • Led a team of 5 Sales Managers achieve company goals and exceed targets consistently, fostering a positive work environment.
  • Transformed underperforming teams into productive, profitable teams.
  • Conducted regular performance evaluations to identify areas for improvement and develop action plans for growth.
  • Managed to Achieve 40 % Growth on Last Year Business - Developed overall GWP to 7 Cr Per month from 5 Cr.
  • Mentored junior staff members, providing guidance on best practices and professional development opportunities.
  • Implemented cost-saving measures that resulted in significant financial savings for the company without sacrificing quality or service.
  • Increased team productivity by streamlining processes and implementing more efficient systems.
  • Supervised various locations, enforcing high-quality standards of operation.
  • Boosted marketing, reviewed pricing strategies and expanded distribution channels to increase sales revenue.
  • Assessed reports to evaluate performance, develop targeted improvements, and implement changes.

Vertical Head- Bancassurance and SME Business

Go Digit General Insurance Limited
Nashik
09.2021 - 08.2024
  • Managing and leading team of 5 Relationship Managers
  • Drive GI Business Through Co-Operative Banks In Manmad -Satana –Malegaon-Nagar
  • Drive SME Business in Nashik Cluster (Nashik- Dhule- Jalgaon – Ahmednagar)
  • Managed to increase SME volume from 5 Lakh to 30 Lakh Per month
  • Interact and enable support from other departments in company, including underwriting, operations human resources
  • Retention of last year SME and Health Business throughout branches
  • Identified and recommended new products based on market research and consumer analysis.
  • Managed to track day to day business activity of all 4 Locations
  • Recruitment of efficient Relationship managers and drive business through them

Senior Manager

ICICI Lombard General Insurance Company Limited
Nashik
02.2020 - 09.2021
  • Recommended and implemented successful strategies to maximize revenue.
  • Provided strong leadership to enhance team productivity and morale.
  • Drive SME Business In Nashik Cluster (Nashik- Dhule- Jalgaon )
  • Leading Team Of 7 USMs To Push SME Business In Region
  • Driving SME Business Through various Channels -Incl. bancaassurance.
  • To Manage Overall SME portfolio for profitable Business.
  • Recruitment of Efficient USMs and Track daily activity
  • Executed appropriate staffing and budgetary plans to align with business forecasts

Assistant Manager

HDFC ERGO General Insurance Company Limited
Nashik
12.2016 - 02.2020
  • Recruitment and Activation of New Motor Two-Wheeler and Four-Wheeler Dealers
  • Development Of New Motor Insurance business, With Very good Relationship
  • Managing and Team of 5 field Executive to achieve Dealership targets
  • Coordination with various OEMs like Maruti, Hyundai ,Honda ,Bajaj ,TATA,Ashok Leayland etc. To maintain Service standard.Maruti,hyundai ,Honda ,Bajaj ,TATA,Ashok Leayland etc. To maintain Service standard.
  • Followed MISP guidelines and achieved targets as per guidelines issued by IRDA
  • Mentored team members to enhance professional development and accountability in workplace.
  • Defined clear targets and objectives and communicated to other team members.

Territory Manager

BAJAJ ALLIANZ General Insurance Company Limited
Nashik
06.2015 - 12.2016
  • Recruitment and Activation of Agents, Dealers, Banks And CSC For insurance Business
  • Generating Business through Online Modules for virtual office concept
  • Development of Rural location GI business with help of paperless technology .
  • Provided online platform to agents ,dealers and bancassurance to maximize their GI business.

·

  • Managed over 32 accounts within Niphad territory.
  • Developed sales strategy based on research of consumer buying trends and market conditions.
  • Aligned company goals with customer outcomes and increased satisfaction by automating contact management systems.
  • Boosted marketing, reviewed pricing strategies and expanded distribution channels to increase sales revenue.
  • Held one-on-one meetings with sales team members to identify selling hurdles and offered insight into best remedy.

Education

MBA - International Business Management

K.R.Sapkal College of Management Studies
Anjaneri Trambakeshwar Nashik
06.2014 - 06.2015

MBA - Marketing

K.R. Sapkal College of Management Studies, Pune University
Anjaneri Trambakeshwar Nashik
08.2012 - 06.2014

B.COM - cost And Work Accounting

K.T.H.M College, Pune University
Nashik
06.2009 - 06.2012

HSC - Commerce

New English School Chandori Rayat Shikshan Sanstha
Chandori Nashik
07.2007 - 06.2009

SSC - Marathi Hindi English

New English School Niphad Rayat Shikshan Sanstha
Niphad Nashik
06.2006 - 06.2007

Skills

    Strategic Management

Leadership

SME Business Development

General Insurance technical

Team Management

Decision-Making

Critical Thinking

Training and Development

Analytical and Critical Thinking

Organization and Time Management

MS Office

Planning and Coordination

Accomplishments

  • Received SME Champ Certifications – From Icici Lombard
  • Received Health Champ Certifications – From ICICI Lombard
  • Received Best Performance Award In Retail Health DJFM Contest – 2020-2021- By ICICI Lombard
  • Attended Italy-Venice-ROM Convention Through highest Dealer activation and Business In ROMG from HDFC ERGO
  • 100 % Penetration in Hyundai Motor Business in Nashik and Sangamner – In HDFC ERGO
  • 100 % Counter Activation in Honda two-wheeler in Nashik and Outskirt Area – In Hdfc Ergo
  • Highest IRDA License Recruitment and Activation In Bajaj Allianz GIC Ltd

Certification

  • "Associate" of Insurance institute of India.
  • "Fellowship" From Insurance Institute of India.
  • MDP in Strategic Management -Completion certificate From XLRI Jamshedpur -2023
  • Certified Insurance Anti-Fraud Professional (CIAFP)
  • Advance Excel Certified.
  • Soft Skill Certifications.
  • Leadership and Team Management Skills

Timeline

Area Manager

Cholamandalam General Insurance Company Limited
08.2024 - Current

Vertical Head- Bancassurance and SME Business

Go Digit General Insurance Limited
09.2021 - 08.2024

Senior Manager

ICICI Lombard General Insurance Company Limited
02.2020 - 09.2021

Assistant Manager

HDFC ERGO General Insurance Company Limited
12.2016 - 02.2020

Territory Manager

BAJAJ ALLIANZ General Insurance Company Limited
06.2015 - 12.2016

MBA - International Business Management

K.R.Sapkal College of Management Studies
06.2014 - 06.2015

MBA - Marketing

K.R. Sapkal College of Management Studies, Pune University
08.2012 - 06.2014

B.COM - cost And Work Accounting

K.T.H.M College, Pune University
06.2009 - 06.2012

HSC - Commerce

New English School Chandori Rayat Shikshan Sanstha
07.2007 - 06.2009

SSC - Marathi Hindi English

New English School Niphad Rayat Shikshan Sanstha
06.2006 - 06.2007
Rahul LokhandeArea Manager- OEM