Jeremy Faust

Jeremy Faust Email and Phone Number

Senior Vice President & Premium Finance Chief Credit Officer at Truist @ Truist
Jeremy Faust's Location
Deerfield, Illinois, United States, United States
Jeremy Faust's Contact Details
About Jeremy Faust

I am an incisive, solutions-oriented executive with 20 years of progressive leadership experience directing substantial growth, streamlining operations, building high performance teams, and leading turnaround of underperforming organizations. As a Kellogg MBA, macro thinker, and resourceful problem solver, I possess demonstrated success serving in multiple roles simultaneously presenting recommendations, executing strategic plans, and creating/implementing performance metrics in alignment with corporate objectives.Career Highlights* Executed full portfolio analysis of 220K accounts. Created identifiable segments and determined optimal restructure to generate more than 50% additional income while assuming negligible additional risk. * Restored profitability of underperforming unit in 6 months for Cananwill, Inc. (Aon). Analyzed strengths, weaknesses, opportunities, and threats. Reestablished performance metrics, reshaped team culture, developed talent (coaching/training), and implemented succession planning programs.* Responded to 2008 financial crisis by implementing strategic initiatives while identifying buyer of Aon loans. Presented systems and processes, saved 100 employee positions, and completed transaction in 4 months. * Renegotiated $800K vendor contract down to $250K avoiding layoff of employees and built-in additional headcount during period of high demand.Specialties/Skills & Expertise: Leadership & Team Building • P&L Management & Operational Efficiency • Data Analysis & Profitability Modeling • Credit & Portfolio Analysis • Employee Administration • Budgeting & Cost Reductions • Expense Management • Talent Development & Training • Performance Metrics Measurement • Succession Planning • Corporate Strategy & Market Security Management • Risk Management & Mitigation • Mergers & Acquisitions • Portfolio Optimization & Reporting • Regulatory Compliance • Process & Procedure Development

Jeremy Faust's Current Company Details
Truist

Truist

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Senior Vice President & Premium Finance Chief Credit Officer at Truist
Jeremy Faust Work Experience Details
  • Truist
    Senior Vice President & Premium Finance Chief Credit Officer
    Truist Aug 2000 - Present
    Charlotte, North Carolina, Us
    Responsible for asset quality, risk management and credit administration for Truist’s premium finance subsidiaries in the United States and Canada
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  • Afco Direct
    Chief Credit Officer
    Afco Direct Aug 2017 - Present
    Lake Forest, Illinois, Us
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  • Cafo Inc
    Chief Credit Officer
    Cafo Inc Aug 2017 - Present
    Toronto, On, Ca
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  • Prime Rate Premium Finance Corp
    Chief Credit Officer
    Prime Rate Premium Finance Corp Aug 2017 - Present
    Florence, Sc, Us
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  • Bb&T
    Senior Vice President, Market Security Manager / Senior Credit Manager / Corporate Strategy Manager
    Bb&T Jan 2005 - Aug 2017
    Charlotte, Nc, Us
    Senior Vice President, Market Security Manager (2014 –2017) Establish counterparty limits up to $50M for insurance companies and intermediaries and monitor exposures with 2 direct reports. Identify deteriorating risk and develop and implement workout strategies. Senior Vice President, Senior Credit Manager (2005 – Present) Review, analyze, and determine approval of proposed borrower transactions up to $10M. Implement and ensure regulatory compliance serving as liaison to parent company and government regulators. Monitor $2.5B loan portfolio performance. Execute monthly reporting to executive management regarding segment and portfolio exposures.Vice President, Corporate Strategy Manager (2009 – 2014) Conduct monthly, quarterly, and annual P&L analysis identifying corporate strategies and improvements. Key player in establishing annual corporate goals. Develop strategies to achieve operating plans. Analyze portfolio and segmentation. Identify revenue drivers and cost savings opportunities utilizing advanced financial modeling. Assess and execute mergers, acquisitions, and strategic initiatives. Monitor macroeconomic conditions and forecast impacts to company’s operating plan and balance sheet.Selected Skills:* Market Security & Risk Management* Corporate Strategy Management &Improvements* Portfolio Analysis & Segmentation* Client Service Experience Improvement* Outside Vendor Expense Reductions* New Income Identification & Segment Creation* Portfolio Structure Optimization* Account Analysis & Management* Internal Communications Improvement* Cross-functional Team Building* Market Security Procedure Development* Corporate Policy Design & State / Federal Regulatory Compliance* Vendor Contract Negotiations
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  • Aon
    Vice President, Market Security Executive
    Aon May 2006 - Feb 2009
    London, Gb
    Assessed risks and managed running off exposures. Maintained unlimited counter party exposure approval within facility limitations. Communicated extensively with company’s lenders reporting and requesting exceptions as necessary. Served as 1 of 9 voting members of parent company’s Market Security Committee determining acceptable and unacceptable markets for Aon. Participated in Aon Corporation’s Crisis Management Team on American International Group during the financial crisis.Selected Skills:* Risk Management & Mitigation* Lender Relations & Reporting* Market Security Analysis & Management* Strategic Positioning & Buyer Identification* Employee Retention & Financial Crisis Management
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  • Aon
    Vice President, Director Us Affiliated Operations
    Aon Jun 2005 - Feb 2009
    London, Gb
    Led P&L management of affiliated business segments with annual production of 16K loans totaling $1.1B and $15M net interest income. Managed 7 direct reports supporting affiliated operations. Monitored expenses, annual budgeting, and employee training. Developed performance metrics, processes, and procedures. Built and managed large client relationships encompassing loan originations, transaction structuring, pricing risk analysis, and contract closing/processing with 2 direct reports. Conducted M&A buy-side due diligence and transaction restructuring in addition to sell-side management presentations.Selected Skills:* P&L Management* Operations Optimization* Budgeting & Expense Control* Staff Development & Training* Performance Measurement & Reporting* Process & Procedure Development* Client Relationship Building* Loan Origination & Transaction Management* Risk Analysis & Contract Administration* Mergers & Acquisition Due Diligence* Transaction Structuring
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  • Aon
    Assistant Vice President, Credit Manager Ii
    Aon Jun 2002 - Jun 2005
    London, Gb
    Assistant Vice President, Credit Manager II (2003 – 2005) / Credit Manager (2002 – 2003) Managed international loan approval up to $5M. Monitored and reported existing client performance statistics regarding defaults, charge-offs, profitability, and fraud detection. Determined material adverse exposures due to public rating actions. Analyzed shifts and trends in Commercial Property and Casualty Insurance market to execute accurate changes to portfolio collateral positions.Selected Skills:* International Loan Approval* Client Relationship Building* Performance Measurement & Statistics* Fraud Detection & Profitability* Market Trend Analysis* Portfolio Management & Optimization
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  • Aon
    Account Executive Manager
    Aon Feb 2004 - Dec 2004
    London, Gb
    Directed 7 Account Managers within Eastern region with $300M P&L accountability in loan receivables and $7M in net interest income.Selected Skills:* Account Management* Client Relationship Building* P&L Management* Loan Receivables & Net Interest Income* Sales Turnaround & Growth* Profit & Operations Improvement* Policy & Procedure Development* Regulatory Compliance & Audits
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  • Aon
    Business Development Officer
    Aon Aug 2001 - Jul 2002
    London, Gb
    Ensured successful new business generation in South Central and Pacific Northwest Regions exceeding operating plan annually.Selected Skills:* New Business Development* Client Relationship Building* Market Analysis & Penetration
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  • Aon
    Account Executive / Team Assistant
    Aon Aug 2000 - Aug 2001
    London, Gb
    Prepared new loan requests, gathered underwriting information, spread financial statements, prepared analysis and presented to credit committee for approval. Processed and closed transactions and executed collateral verifications.Selected Skills:* Loan Preparation & Underwriting* Financial Statement Analysis & Preparation* Transaction Processing & Closure* Collateral Verification & Research
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Jeremy Faust Skills

Management Finance Risk Management Business Strategy Strategy Leadership Financial Analysis Insurance Portfolio Management Strategic Planning Analysis Underwriting Loans Budgets Credit Business Analysis Executive Management New Business Development Banking Cross Functional Team Leadership Mergers And Acquisitions Investments Pricing Process Improvement Training Financial Modeling Financial Risk Due Diligence Financial Services Marketing Strategy Team Building Customer Service Business Process Improvement Budgeting Mergers Business Development

Jeremy Faust Education Details

  • Northwestern University - Kellogg School Of Management
    Northwestern University - Kellogg School Of Management
    General Management
  • Bb&T Banking School At Wake Forest University
    Bb&T Banking School At Wake Forest University
    Banking And Financial Support Services
  • Boston University
    Boston University
    Public Relations
  • Highland Park High School
    Highland Park High School

Frequently Asked Questions about Jeremy Faust

What company does Jeremy Faust work for?

Jeremy Faust works for Truist

What is Jeremy Faust's role at the current company?

Jeremy Faust's current role is Senior Vice President & Premium Finance Chief Credit Officer at Truist.

What is Jeremy Faust's email address?

Jeremy Faust's email address is jf****@****ern.edu

What is Jeremy Faust's direct phone number?

Jeremy Faust's direct phone number is +184768*****

What schools did Jeremy Faust attend?

Jeremy Faust attended Northwestern University - Kellogg School Of Management, Bb&t Banking School At Wake Forest University, Boston University, Highland Park High School.

What are some of Jeremy Faust's interests?

Jeremy Faust has interest in Children, Kids, Cooking, Economic Empowerment, Electronics, Home Improvement, Reading, Gourmet Cooking, Home Decoration.

What skills is Jeremy Faust known for?

Jeremy Faust has skills like Management, Finance, Risk Management, Business Strategy, Strategy, Leadership, Financial Analysis, Insurance, Portfolio Management, Strategic Planning, Analysis, Underwriting.

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