Summary
Overview
Work History
Education
Skills
Interests
Languages
Personal Information
Timeline
Generic

SHIVAM DUA

E-35, 2nd Floor, Sector-50, Noida, UP

Summary

A competent professional with over 10 years of transferable experience in BFSI space : Distribution, B2B, B2B2C in general insurance sector and retail banking & financial services.

Possess rich knowledge of motor product & insurance and implementing strategies towards enhancing market penetration, business volume and growth.

A proactive team leader, team member and a planer with expertise in strategic planning, market plan execution and accounts management.

Overview

10
10
years of professional experience

Work History

STATE HEAD-OEM (Private Car & Commercial Vehicle)

CHOLA MS GENERAL INSURANCE LTD
Delhi / NCR
2022.07 - Current
  • Heading the Delhi / NCR region for Private car and Commercial vehicle OEM dealers.
  • Managed channel portfolios, directed employees ( Area Manager, Sales Managers, back-office & SO ) to achieve & surpass targeted performance benchmarks in volume driven environment, all while making 100% accuracy.
  • Facilitated organizational objective through flawlessly managing high & medium value crucial relationships with top line of 1200 Mn / annum and bottom line of 105% COR.
  • Hitching the gap of extreme underwriting with ground sales requirement through timely discussion and feedbacks via support in local level of underwriting, calls required, discussion initiated and strategy building.
  • Hold full P&L responsibility for entire location and growing retail insurance sales in area of weakness.
  • Held weekly meetings & monthly reviews to keep the team up to date with changes implemented, future enhancements and get feedbacks on their current challenges in day to day operations.
  • Managing OEM tie-ups that include Toyota, Hyundai, Renault, Nissan, Maruti, MG, Tata CV, JCB and Eicher.
  • Work towards product and dealer wise loss ratios, increasing profitability and focus on product mix.
  • Identifying prospective business, establishing strategic partnership and alliances.
  • To guide, motivate, monitor and drive performance by leveraging team's skills, selling tools and incentive programs.
  • Analyzing Business Potential, Planning and Executing Strategies and developing new avenues of business.

Key Achievements-

  • Commended with SHINE award at Murugappa group level for the "Role Model Of Responsibility".
  • Increased penetration across all the OEMs as per the management's expectations.
  • Increased the activation to 90% from 40% of dealers in Hyundai OEM across Delhi / NCR region.
  • Successfully achieved the GWP budget with 245% in FY 22-23 & 150% in FY 23-24.

Regional Sales Manager- OEM (Commercial Vehicles)

BAJAJ ALLIANZ GENERAL INSURANCE COMPANY
2021.05 - 2021.09
  • Headed end to end responsibilities for commercial vehicle motor business for Delhi / NCR region.
  • It involved defining the strategic & operational framework including the process, policies and system.
  • Led a team comprising of Assistant managers and Sales managers.
  • Managed OEM Tie-ups like- TATA Motors, Ashok Leyland, JCB, Eicher Motors, Maruti CV, SML Isuzu, M&M and Bajaj Auto.
  • Managed relationship with key accounts of Individual agents, strategic customers and Fleet Owners.
  • To Identifying prospective business, establishing strategic partnership and alliances.
  • Focus towards new activations and recruitments.
  • To build a highly capable sales professionals.
  • Responsible for robust and profitable business model for the organization & P&L Management.

Associate Manager- OEM ( Private Car )

BHARTI AXA GENERAL INSURANCE CO. LTD
2018.08 - 2021.05
  • To head end to end responsibilities for a Private car motor business for Delhi west branch.
  • Managed OEM tie-ups like- Hyundai, Honda, Ford, MG, KIA, Nissan, and Maruti.
  • It involved defining the strategic & operational framework including the process, policies and system.
  • Led a team comprising of 3 sales managers and an Off-role trainee
  • To work towards product and dealer wise loss ratios, increasing profitability and focus on product mix.
  • Responsible for robust and profitable business model for the organization and P&L management.

Key Achievements-

  • Had secured 3rd ranking in KPI pan India for the FYI 18-19 and 2nd in KPI for FY 20-21.
  • Awarded for several yearly contests.

Unit Sales Manager- Auto & Construction

ICICI LOMBARD GIC LTD
Mumbai
2016.01 - 2018.07
  • To manage business in assigned territory through sales channels: Dealerships, Sub-Dealerships, Agents, Strategic customers and Brokers.
  • To manage relationships with key accounts of strategic customers and DSAs.
  • Supervised sales from all the channels to increase GWP of 8 million INR YTD from 4 million INR YTD in Previous FY.
  • Set up 6 New Business sourcing channels leading to addition in GWP of 3 million INR with a share of 100%.
  • Led a team comprising of 1 Unit sales manager and 4 sales officers & trainees dedicated to market coverage and sales.
  • Customer escalation management, Maintenance of TAT and to ensure responsibility after sales services.
  • Major OEMs to handle: Bajaj Auto, M&M, and few sub dealers of Bajaj Auto, Piaggeo and rest Strategic customers and Brokers.

Key Achievements-

  • Received highest rating pan India (Rated No.1 in appraisal) and topped the KPI for FY 2017-2018.
  • Awarded for ICICI LOMBARD -JKV and Frontier event for the No.1 position across vertical pan India.
  • Set up of maximum numbers of Sub-Dealers of Bajaj Auto present in Mumbai location.
  • Maintained the share of 80 % in both the Bajaj Dealers and 100 % in M&M commercial vehicle dealers.
  • Maintained Loss ratio, a parameter of profitability at 95 % across all channels.

Deputy Manager- Branch Banking

KOTAK MAHINDRA BANK LTD
Mumbai
2014.10 - 2015.12
  • Accounts Management- Responsible for maintaining the relationship with existing bank customers ( Mostly Current A/C Holders ) for recommending as well as sales, services and operations of financial products.
  • Generated revenue for the organization by cross selling all the products which are available under Kotak umbrella such as- Mutual Funds, Insurance (General & Life), Home Loan, personal Loan, Car Loan, Working capital Loans, Kotak Securities A/C, Etc.
  • To provide best possible services to all the individual accounts sourced by us in coordination with the dedicated service team.
  • To handle customer service requirements like Education on product features, Cheque book issuance, Grievances and issues related to their existing accounts.
  • A strict adherence to compliance, functional and service standard of the bank to customers.

Education

PGDBM - Marketing

International School Of Business & Media
Pune
03.2013

BBA - Marketing

College Of Management Studies
Kanpur
03.2011

Senior Secondary -

Kanpur Intermediate Education Center
Kanpur
03.2008

Higher Secondary -

Kanpur Intermediate Education Center
Kanpur
03.2006

Skills

Team Management

Channel Management

Relationship Management

Product Management

P&L Management

Interests

Playing Chess

Playing Table Tennis

Languages

  • English ,Hindi

Personal Information

  • Date of birth - 12th Aug 1991
  • Marital Status - Married
  • Nationality - Indian

Timeline

STATE HEAD-OEM (Private Car & Commercial Vehicle)

CHOLA MS GENERAL INSURANCE LTD
2022.07 - Current

Regional Sales Manager- OEM (Commercial Vehicles)

BAJAJ ALLIANZ GENERAL INSURANCE COMPANY
2021.05 - 2021.09

Associate Manager- OEM ( Private Car )

BHARTI AXA GENERAL INSURANCE CO. LTD
2018.08 - 2021.05

Unit Sales Manager- Auto & Construction

ICICI LOMBARD GIC LTD
2016.01 - 2018.07

Deputy Manager- Branch Banking

KOTAK MAHINDRA BANK LTD
2014.10 - 2015.12

PGDBM - Marketing

International School Of Business & Media

BBA - Marketing

College Of Management Studies

Senior Secondary -

Kanpur Intermediate Education Center

Higher Secondary -

Kanpur Intermediate Education Center
SHIVAM DUA