Eric Pratt

Eric Pratt Email and Phone Number

Minnesota State Senator @ Minnesota Senate
Saint Paul, MN, US
Eric Pratt's Location
Greater Minneapolis-St. Paul Area, United States
About Eric Pratt

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,

Eric Pratt's Current Company Details
Minnesota Senate

Minnesota Senate

View
Minnesota State Senator
Saint Paul, MN, US
Website:
senate.mn
Employees:
304
Eric Pratt Work Experience Details
  • Minnesota Senate
    Minnesota State Senator
    Minnesota Senate
    Saint Paul, Mn, Us
  • St. Gertrude'S Health & Rehabilitation Center
    Director
    St. Gertrude'S Health & Rehabilitation Center Sep 2015 - Present
    Shakopee, Mn
    Serve 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.
  • Minnesota Senate
    Minnesota State Senator
    Minnesota Senate Jan 2013 - Present
    St Paul, Minnesota, United States
    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… 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
  • U.S. Bank
    Senior Vice President –Risk Manager For Prepaid Debit Cards
    U.S. Bank May 2014 - Dec 2018
    Greater Minneapolis-St. Paul Area
    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… 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
  • U.S. Bank
    Senior Vice President –Risk Manager For Bank Branded Credit Cards
    U.S. Bank Dec 2009 - Jul 2015
    Greater Minneapolis-St. Paul Area
    Promoted 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%
  • U.S. Bank
    Vice-President Of Fraud Detection & Prevention
    U.S. Bank Oct 2008 - Dec 2009
    Minneapolis, Minnesota, United States
    Recruited 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.
  • Prior Lake-Savage School Board
    Director
    Prior Lake-Savage School Board Jan 2000 - Jul 2012
    Prior Lake, Mn
    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… 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
  • Target
    Senior Group Manager – Innovative Product Development
    Target Apr 2007 - Sep 2008
    Greater Minneapolis-St. Paul Area
    Promoted 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.
  • Target
    Group Manager, Fraud Prevention Services
    Target Jan 2004 - Apr 2007
    Greater Minneapolis-St. Paul Area
    Promoted 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.
  • Target
    Manager, Account Acquisition
    Target 1999 - Sep 2004
    Greater Minneapolis-St. Paul Area
    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… 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
  • Target
    Finance Analyst
    Target 1998 - 1999
    Greater 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.
  • Firstplus Financial
    Assistant Vice President
    Firstplus Financial 1997 - 1998
    Dallas
    Formed and led newly created credit risk management analytic team for mortgage loan portfolio.
  • First Banks System
    Analyst
    First Banks System 1992 - 1996
    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… 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
  • Itt Consumer Finance
    Analyst
    Itt Consumer Finance 1988 - 1992

Eric Pratt Skills

Leadership Strategy Risk Management Strategic Planning Management Process Improvement Credit Cards Crm New Business Development Credit Risk Analysis Fraud Financial Services Finance Sales Financial Analysis Team Leadership Banking Credit Fraud Prevention Credit Analysis Credit Scoring Portfolio Management Sarbanes Oxley Act Mergers And Acquisitions Business Process Business Analysis Business Process Improvement Forecasting Relationship Management Business Development Customer Service Sox Cross Functional Team Leadership Analytics Vendor Management Executive Management Retail Management Consulting Strategic Financial Planning Public Speaking Change Management Financial Risk Integration Business Strategy Financial Modeling Business Planning Strategy Development Government Team Building

Eric Pratt Education Details

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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