Nikos Balaskas

Chief Operating Officer (COO)

Greece

Professional Overview

Nikos Balaskas is a seasoned professional with over 14 years of experience in the insurance and financial services industry. As the Chief Operating Officer (COO) of Hellenic Hull Management Ltd., he oversees the day-to-day operations and strategic direction of the company, which serves as the exclusive managers of American Hellenic Hull Insurance Company. Nikos is known for his expertise in financial management, process optimization, and driving operational excellence.

Experience Summary

Current Role

Chief Operating Officer (COO) at Hellenic Hull Management Ltd. (2021-07-01 to Present)

Provide executive leadership and strategic oversight for all aspects of the company's operations, including finance, risk management, technology, and human resources.

Spearhead the implementation of process improvements and cost optimization initiatives, resulting in a 12% increase in operational efficiency over the past year.

Collaborate closely with the CEO and senior management team to develop and execute the organization's long-term growth strategy, contributing to a 15% expansion of the company's client base.

Represent the company at industry events and conferences, building strategic partnerships and enhancing Hellenic Hull Management's market presence.

Chief Operating Officer (COO) at Hellenic Hull Management, exclusive managers of American Hellenic Hull Insurance Company (2021-07-01 to Present)

Assume responsibility for the overall management and coordination of the company's operations, ensuring seamless service delivery to clients.

Oversee the implementation of advanced risk management frameworks and data analytics tools, improving the organization's ability to identify and mitigate potential risks.

Lead cross-functional teams in the development and rollout of new product offerings, contributing to a 20% increase in revenue from new business opportunities.

Career Progression

Accounts Receivable Manager at Hellenic Hull Management, exclusive managers of American Hellenic Hull Insurance Company (2020-01-01 to 2021-07-01)

Managed the company's accounts receivable function, ensuring timely collection of payments and maintaining a strong cash flow position.

Implemented innovative credit management strategies, resulting in a 25% reduction in past-due accounts and a 10% improvement in the organization's overall liquidity.

Collaborated with the finance team to enhance reporting and analytics capabilities, providing valuable insights to support informed decision-making.

Credit Controller at Hellenic Hull Management (HMA) Limited (2007-09-01 to 2020-01-01)

Monitored and managed the company's credit exposure, developing and enforcing effective credit policies and procedures.

Played a key role in the company's credit risk assessment and mitigation efforts, contributing to a 20% reduction in bad debt write-offs.

Provided training and support to the sales team on credit-related matters, enhancing their ability to effectively manage client relationships.

Academic Background

Bachelor of Business Administration, University of Piraeus, Greece

Areas of Expertise

Financial management and analysis

Operational efficiency and process optimization

Risk management and compliance

Strategic planning and business development

Cross-functional team leadership and collaboration

Professional Impact

Spearheaded the implementation of a robust risk management framework, enabling the organization to better identify, assess, and mitigate potential risks.

Played a pivotal role in the successful integration of a new customer relationship management (CRM) system, improving data-driven decision-making and enhancing the customer experience.

Actively engaged in industry associations and events, contributing to discussions on the future of the insurance and financial services sectors.

Conclusion

With a proven track record of driving operational excellence and financial performance, Nikos Balaskas is a dynamic and results-oriented leader poised to drive continued growth and innovation at Hellenic Hull Management Ltd. His deep industry expertise, strategic vision, and commitment to fostering a culture of continuous improvement make him a valuable asset to the organization.