As an account executive I have more accountability compared to what I had in my

As an account executive i have more accountability

This preview shows page 11 - 14 out of 178 pages.

casualty insurance programs for Fortune 500 companies. As an account executive, I have more accountability compared to what I had in my previous position at Corporation X. In addition, due to my past experience in the management of hospitality industry accounts, I have been designated as a Hospitality Industry
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Specialist in order to concentrate on various segments of the hospitality industry, including hotels, casinos, athletic clubs, country clubs, restaurants, and racing facilities.The insurance industry is competitive, challenging and fast-paced; as a result, upon completion of an MBA I plan to enter a different segment of the industry. I plan to synthesize my hotel administration degree and experience, along with my insurance background, by obtaining a position as a risk manager for an international hotel company. Within five years of serving as a risk manager, I will seek an appointment as Director of Risk Management and Insurance Services. An MBA from the University of Chicago will accelerate my professional development and facilitate the realization of my ambitions. As a risk manager, I will have the responsibility of formulating cost-effective insurance programs including actuarial funding mechanisms such as self-insurance, paid loss retro programs, captives, and other cash flow techniques used to pay for losses including both damages to property and bodily injury to employees or third parties. These insurance or self funding programs cost millions of dollars a year. As a result, cost containment activities are a major priority. Therefore, I will also have the added challenge of motivating management to implement aggressive loss control systems that will decrease work-related injuries. Cooperation and team effort will determine the success of this endeavor. By developing a safer work environment, employees will be more productive and render higher quality service. The hotel industry has recovered from a recession; consequently, occupancy rates and competition have increased substantially in the domestic and international hotel market. The insurance industry regularly shifts from a “soft market” that offers inexpensive property and casualty premiums to a “hard market” that, conversely, promotes expensive premiums. These two issues, coupled with the ongoing changes in the global economy, require a risk manager to develop a flexible, innovative, and proactive managerial style. Participation in the University of Chicago’s MBA curriculum will sharpen my leadership and managerial capabilities. Another factor, which I deem essential, consists of the University of Chicago’s prominent global perspective. Participation in the International Business Exchange Program at the Instituto de Estudios Superiores de la Empresa (IESE), Barcelona, Spain, and collaboration with students from diversecountries will afford an unparalleled exposure to cultural diversity and develop substantive knowledge as to the globalization of business. Ultimately, if provided with the opportunity, participation in the University of Chicago’s MBA program will refine my technical know-how and managerial capabilities and afford an invaluable opportunity for personal and professional development.
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