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High energy professional with track record of improving operational efficiency and leading strategic innovation in order to reduce losses and improve profitability. I find creative and effective customer-focused solutions with demonstrated expertise in risk management, operations management, cost control, statistical modeling, data mining, regulatory compliance and financial analysis. I am a proactive team leader with proven ability to develop financial services solutions, provide strategic analysis and direction, and to spearhead cross-functional collaborations.Serving my second term in the Minnesota State Senate representing Scott County. I currently lead the Jobs & Economic Growth Committee, and previously chaired the Education Policy committee. I also serve on the Commerce, Energy, Taxes, and Rules & Administration committees. I find bipartisan solutions to complex problems. Specialties: Team Leadership & Development, Strategic Planning, New Business Development, Customer Relationship Management (CRM), Revenue Growth, Financial & Market Analysis, Workflow Management, Operations Process Improvements, Loss Prevention, Fraud Prevention, Credit Scoring, Operational Risk Management, Credit Risk Management, SAS, SQL, Focus, Eztrieve, ACAPS, Falcon, Strategy Manager, CustomerRelationship Management, modeling,
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Minnesota State SenatorMinnesota SenateSaint Paul, Mn, Us -
DirectorSt. Gertrude'S Health & Rehabilitation Center Sep 2015 - PresentShakopee, MnServe on the Board of Directors of St. Gertrude's Health & Rehabilitation Center, a member of the Benedictine Health System. I work with management to assure patients receive quality and compassionate care and participate in organizational planning and decision-making. This is a volunteer position.
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Minnesota State SenatorMinnesota Senate Jan 2013 - PresentSt Paul, Minnesota, United StatesChairman of the Jobs and Economic Growth Committee and past Chair of the Education Policy Committee. Also serve on State Government, Capital Investment, and Redistricting committees.Passed several bills signed into law on a bipartisan basis related to - Education, - Driver's License/Identification, - Banking, - Consumer Protection,- Workforce Development- Economic Development - Disaster Relief and Public Safety. Serving the people of Scott County… Show more Chairman of the Jobs and Economic Growth Committee and past Chair of the Education Policy Committee. Also serve on State Government, Capital Investment, and Redistricting committees.Passed several bills signed into law on a bipartisan basis related to - Education, - Driver's License/Identification, - Banking, - Consumer Protection,- Workforce Development- Economic Development - Disaster Relief and Public Safety. Serving the people of Scott County. District includes the cities of Prior Lake, Shakopee, and Jordan as well as Credit River, Spring Lake, Louisville, Jackson, Sand Creek, and St. Lawrence townships. Show less -
Senior Vice President –Risk Manager For Prepaid Debit CardsU.S. Bank May 2014 - Dec 2018Greater Minneapolis-St. Paul AreaLed de novo risk management process for $8 billion Prepaid Debit Cards to address credit exposure concerns and overall portfolio risk, including operational and regulatory risk. • Established credit policy, risk controls and strategies to perform with the bank’s risk tolerance. • Implemented treasury management procedures and reporting processes.• Worked with individual corporate and government clients to extend and manage exposure risk.• Achieved “Strong” risk management rating… Show more Led de novo risk management process for $8 billion Prepaid Debit Cards to address credit exposure concerns and overall portfolio risk, including operational and regulatory risk. • Established credit policy, risk controls and strategies to perform with the bank’s risk tolerance. • Implemented treasury management procedures and reporting processes.• Worked with individual corporate and government clients to extend and manage exposure risk.• Achieved “Strong” risk management rating from internal and external auditors. Show less -
Senior Vice President –Risk Manager For Bank Branded Credit CardsU.S. Bank Dec 2009 - Jul 2015Greater Minneapolis-St. Paul AreaPromoted to manage credit and operations risk for $30 billion credit card portfolio to mitigate long-term credit and regulatory risk. • Led analytic team through post-recession transition to 2nd line of defense model.• Averaged 7% growth rate in accounts and balances.• Modified Balance Transfer program to improve profitability by 10% in first year.• Increased automated credit underwriting decisions and reduced manual review queue by 25% -
Vice-President Of Fraud Detection & PreventionU.S. Bank Oct 2008 - Dec 2009Minneapolis, Minnesota, United StatesRecruited to lead team of 80 managers, fraud prevention staff and professional investigators through recession. • Achieved 6.5 bp fraud loss rate – among the best in the industry. • Responsible for relationship management and financial performance to affiliate bank executives. -
DirectorPrior Lake-Savage School Board Jan 2000 - Jul 2012Prior Lake, MnElected to serve on the Board of Education. - Seved as Chairman 2002-2003, 2011- Treasurer/Clerk 2001, 2006-2010Prior Lake Area Schools have a long tradition of excellence in the South Metro area, and is recognized as a leader in the State of Minnesota. Board members serve to reflect the values of the community and work with the administrative team to set our strategic direction. Key accomplishments include:- Prior Lake High School named as one of the nations best high… Show more Elected to serve on the Board of Education. - Seved as Chairman 2002-2003, 2011- Treasurer/Clerk 2001, 2006-2010Prior Lake Area Schools have a long tradition of excellence in the South Metro area, and is recognized as a leader in the State of Minnesota. Board members serve to reflect the values of the community and work with the administrative team to set our strategic direction. Key accomplishments include:- Prior Lake High School named as one of the nations best high schools by Newsweek- Named to the National Advanced Placement Honor Roll by the College Board- Overcame a $1MM deficit and improved financial rating- Led development of first strategic plan for school district. Impacts included the establishment of STEM schools, Spanish Immersion, creation of a foundation and improved test scores for all students. Show less
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Senior Group Manager – Innovative Product DevelopmentTarget Apr 2007 - Sep 2008Greater Minneapolis-St. Paul AreaPromoted to develop new financial products that could be sold on a “J-Hook”. • Developed insurance and financial services products to meet the needs of a diverse customer base.• Estimated of $20-$40 million of incremental revenue annually. -
Group Manager, Fraud Prevention ServicesTarget Jan 2004 - Apr 2007Greater Minneapolis-St. Paul AreaPromoted to lead team of 90 in multiple sites to reduce fraud losses.• Reduced credit fraud losses by over 60% implementing operational efficiencies and enhanced analysis. • Improved bilingual service by expanding call center capabilities in Panama. • Improved team morale and earned a 98% customer satisfaction rating. • Managed SOX 404 quarterly compliance. -
Manager, Account AcquisitionTarget 1999 - Sep 2004Greater Minneapolis-St. Paul AreaPromoted to develop account acquisition strategies for $6 billion proprietary retail credit card generating $1.2 billion in revenue. • Launched account acquisition strategies for a de novo Visa portfolio.• Initiated proof of concept and built business case for enterprise implementation of driver’s license verification technology. Cut application time by 25% and reduced returned mail by 40%• Upgraded underwriting system (ACAPS) and added a strategy manager feature that allowed for… Show more Promoted to develop account acquisition strategies for $6 billion proprietary retail credit card generating $1.2 billion in revenue. • Launched account acquisition strategies for a de novo Visa portfolio.• Initiated proof of concept and built business case for enterprise implementation of driver’s license verification technology. Cut application time by 25% and reduced returned mail by 40%• Upgraded underwriting system (ACAPS) and added a strategy manager feature that allowed for true Champion/Challenger testing. • Developed new risk scorecards and negotiated credit bureau contracts, saving $4 million annually. Show less -
Finance AnalystTarget 1998 - 1999Greater Minneapolis-St. Paul Area• Established credit risk management framework for proprietary store card portfolio. • Designed workflow for new credit authorization system.• Built and implemented an analytic process to easily assess the profitability of account management and acquisition strategies. -
Assistant Vice PresidentFirstplus Financial 1997 - 1998DallasFormed and led newly created credit risk management analytic team for mortgage loan portfolio.
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AnalystFirst Banks System 1992 - 1996I held several roles at First Bank Systems prior to the US Bank acquisition. I started as the Credit Scoring analyst for the entire consumer product suite. Initiated risk-reward for all deposit-related products (Debit Card, Checking Plus Overdraft protection, DDA accounts, etc). Doubled account acquisition and profitability of debit card.I finished my tenure as the Manager of Acquisition Integration, performing due diligence for consumer portfolios as well as leading integration of… Show more I held several roles at First Bank Systems prior to the US Bank acquisition. I started as the Credit Scoring analyst for the entire consumer product suite. Initiated risk-reward for all deposit-related products (Debit Card, Checking Plus Overdraft protection, DDA accounts, etc). Doubled account acquisition and profitability of debit card.I finished my tenure as the Manager of Acquisition Integration, performing due diligence for consumer portfolios as well as leading integration of newly acquired banks into the FBS systems and operations. Show less
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AnalystItt Consumer Finance 1988 - 1992
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Frequently Asked Questions about Eric Pratt
What company does Eric Pratt work for?
Eric Pratt works for Minnesota Senate
What is Eric Pratt's role at the current company?
Eric Pratt's current role is Minnesota State Senator.
What is Eric Pratt's email address?
Eric Pratt's email address is et****@****aol.com
What schools did Eric Pratt attend?
Eric Pratt attended University Of Colorado Boulder, University Of St. Thomas - Opus College Of Business.
What are some of Eric Pratt's interests?
Eric Pratt has interest in Politics, Education, Economic Empowerment, Poverty Alleviation.
What skills is Eric Pratt known for?
Eric Pratt has skills like Leadership, Strategy, Risk Management, Strategic Planning, Management, Process Improvement, Credit Cards, Crm, New Business Development, Credit Risk, Analysis, Fraud.
Who are Eric Pratt's colleagues?
Eric Pratt's colleagues are Joanne Zoff, Mary Bebus, Betty Myers, Mark Koran, Dan Sparks, Bill Poore, Karen Clark.
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Eric Pratt
Golden, Co5revriv.com, revenueriver.co, qeh2.com, qeh2.com, instrumental.net3 +130394XXXXX
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5siemens.com, micrometl.com, hotmail.com, lucidconnects.com, acuitybrands.com
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Eric Pratt
Executive Director At Blue Cross Blue Shield Of Illinois, Montana, New Mexico, Oklahoma & TexasWylie, Tx3cisco.com, cisco.com, bcbsil.com -
2gmail.com, cigcapitaladvisors.com
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