Highly effective and accomplished business manager with significant Strategy consulting, M&A integration, business development, finance, marketing and sales experience, as well as a history of driving innovation and channeling creativity. Proven ability to recognize opportunities, de-commoditize products, and develop strategies to extract value from dynamic environments that has consistently driven growth and created value.
Excels at building successful teams, stakeholder engagement, generating influence, developing talent, and increasing team member ownership, entrepreneurship, and retention.
Management Consultant @ From 2014 to Present (1 year) Manager, Strategic Consulting Services @ • Led engagement teams and collaborated with Blue Companies across the country to model and assess ACA impact, create growth and retention strategies, optimize distribution channel structure and compensation, conduct performance gap analysis, and evaluate product design
• Delivered individual and group market analysis as well as competitor deep-dives that enabled go to market strategy formulation and execution across the Blue Cross Blue Shield System
• Developed ad hoc analysis addressing emergent issues including ACA rate messaging and Public Exchange enrollment results
• Served on internal team that focused on improving strategy groups operational effectiveness and alignment with Blue stakeholder needs From April 2013 to November 2014 (1 year 8 months) Associate Director @ •Assisted clients in developing a thorough understanding of the financial, operational, and strategic issues that influence long-term viability and financial strength ratings.
•Utilized proprietary tools to model rating agency evaluations and conduct additional financial strength analysis
•Worked with large and small insurance organizations to develop, test, and execute optimal financial structures based on short-term operating needs and long term strategic objectives
•Partnered with clients to understand existing and emergent exposures and drive the development of innovative, effective, and efficient enterprise risk management solutions From 2011 to 2013 (2 years) Greater Chicago AreaSpecial Projects Management (MBA Internship / Contract Work) @ •Worked directly with CEO and CFO leading task oriented teams, facilitating acquisition and merger transition as well as improving operating profitability organization wide
•Created continuous forecasting process for Four Winns, Wellcraft and Glastron brands, utilized information gained to build and expand financial models and operating budgets
•Evaluated potential acquisition targets using both quantitative and qualitative rational to critically create and examine business case scenarios
•Assisted in mapping out long-term development plans and growth strategies.
•Analyzed global market and sales data to create initial integrated branding and comprehensive go to market strategy for Four Winns, Wellcraft and Glastron brands
•Led a team including engineers and accountants conducting in-depth margin analysis, utilized information gained to direct new model development
•Collected and analyzed business data to be organized and presented in a clear, concise and useful manner for both internal and external customers From May 2010 to October 2011 (1 year 6 months) Business Development Consultant (MBA Internship) @ During the spring quarter of 2010, I was part of a MAP (Multidisciplinary Action Program) project that encompassed the strategic entry into the European Energy Market by a fully funded start-up venture utilizing clean-tech, TDE Enterprises. The project included on the ground research, meeting with key stakeholders in Europe and the U.K., culminating in the delivery of a comprehensive report that included recommendations as well as an implementable action plan. From February 2010 to April 2010 (3 months) Excess & Umbrella Sales Underwriter @ • Developed and implemented integrated sales, marketing and profitability strategy for $18MM territory resulting in four consecutive years of double digit profit growth
• Strategically targeted brokerages, leveraging relationships with most productive distribution channels to significantly increase Chubb’s share of business in high-yield agencies
• Interacted directly with customers adding brand value and building personal ties with clients, increasing retention by 15%
• Served as the Midwest and West coast M&A specialist: Delivered in-depth analysis of merger, acquisition and divestiture transactions, including systematic review of purchase sale agreements, transition planning and exposure to loss
• Participated in the development and roll-out of nationwide sales training program From 2005 to 2009 (4 years) Account Marketing Executive @ • Restructured commercial lines marketing department; formulated an improved system of marketing while overseeing the strategic placement of accounts, decreasing cost and increasing profit-sharing income
• Assembled coverage options for diverse clientele in a wide range of industries, negotiating prefered terms while identifying new areas of exposure and up-selling existing products and services
• Evaluated insurance marketplace and carrier relationships for strategic placement of business, resulting in more favorable agency commission structures and profit sharing agreements
• Directed the creation and presentation of dynamic proposals, driving increased hit ratio and lower account turnover From June 2004 to September 2005 (1 year 4 months) Middle Market Underwriter @ • Built and implemented business plan for a $9.2MM territory in the San Francisco Bay area, resulting in a 13% increase in total written premium
• Actively travelled the territory, engaging the marketplace, gaining broker buy-in of corporate restructuring and operational changes
• Served as office underwriting and sales resource for financial services and international programs, eliminating Home Office referrals From June 2002 to June 2004 (2 years 1 month)
MBA, Finance & Strategy @ University of Michigan - Stephen M. Ross School of Business From 2009 to 2011 BBA:, Double Major: Finance and Economic @ Texas State University-San Marcos From 1998 to 2002 Stratford High School From 1995 to 1998 Lucas Prahl is skilled in: Strategy, Marketing, Business Development, Sales Growth, Proj Management, Insurance, Reinsurance, Property & Casualty Insurance, Risk Management, Forecasting, Strategic Consulting, Financial Modeling, Commercial Lines, Analysis, Brokers, Start-ups, Management Consulting