Richard Foy Email & Phone Number

Greater New York City Area

The Export-Import Bank of the United States (EXIM) is the official export credit agency of the United States. EXIM is an independent, self-sustaining Executive Branch agency with a mission of supporting American jobs by facilitating the export of U.S. goods and services.The flagship product of the agency is an invoice insurance program that pays exporters of USA made goods, in the event their foreign buyer cannot pay. Also, when private sector lenders are unable or unwilling to provide financing, EXIM fills in the gap for American businesses by equipping them with the financing tools necessary to compete for global sales. In doing so, the Bank levels the playing field for U.S. goods and services going up against foreign competition in overseas markets. As a result American companies can create more good-paying American jobs.Because it is backed by the full faith and credit of the United States, EXIM assumes credit and country risks that the private sector is unable or unwilling to accept. The Bank’s charter requires that all transactions it authorizes demonstrate a reasonable assurance of repayment; the Bank consistently maintains a low default rate, and closely monitors credit and other risks in its portfolio.

Riverhead, Ny

As a leader in the commercial finance industry, we lend to businesses of all types and sizes. We have strategically aligned ourselves with the best lenders/investors to offer Commercial Real Estate Loans, Equipment Leasing, Medical Financing, Accounts Receivable Financing, Factoring, Bridge and Hard Money Loans, SBA loans, Business Acquisition Financing, Hotel Financing, Stock Loans, Portfolio Liquidations, Private Equity & Much More. With a professional Risk Management staff as well as a professional Accounting Staff, we provide a comprehensive review of your business to ensure success.

Responsible for building a profitable book of Ocean Marine Insurance business by building and maintaining active relationships with Agency Network.• Achieved consistent year over year growth, while outperforming rate and retention targets set by management.• Risk types in portfolio included Ocean Cargo, Warehousing, Marine Liabilities and Hull • Underwrote risks with keen eye on the company’s overall Appetite and CAT Strategies to ensure profitability. • Actively marketed to the Agency network by making regular visits and cross-selling with other business units.• Viewed as a valued resource to the Travelers Agency network, which helped ensure a consistent flow of quality new business opportunities.

Freeport, New York

MANAGER OF QUALITY AND ENVIRONMENTAL AFFAIRS, AMERICAS• Manage all aspects of the company’s Quality and Environmental programs for the Americas.• Schedule all Internal Audits, review all audit reports, create action plans to guide corrective action, establish follow-up schedule and confirmation process to ensure all actions are properly completed.• Develop plans in conjunction with Product Management to improve the overall and specific service offerings for our customers.• Support all business areas in the areas of Operational Optimization, Document Creation and Control.INSURANCE/RISK MANAGEMENT• Established a Risk Management Department by implementing procedures for controlling, managing and transferring risk.• Analyze customer contracts to identify enhanced liability and take necessary action to reduce such risks.• Implemented an automated computer system for underwriting, certificate issuance and accounts payable setup, yielding a 70% increase in cargo insurance sales and greater underwriting control.• Provide professional guidance to in-house claims adjusters.• Perform ongoing risk analysis within the company with the focus of identifying and bringing areas of risk within the company to the attention of the Leadership Team.• Provide guidance to Leadership Team on how best to handle each area and implement risk transfer techniques to minimize loss exposures to the company • Issue a comprehensive report for the Board of Directors to discuss and action bi-annually.SECURITY AND REGULATORY• Established a comprehensive Regulatory compliance program for the organization resulting in significant reductions in cargo seizures and penalties.• Established a Training Program and a Support Desk to educate users on licensed cargo, Customs Regulations, etc. and provide expert assistance in the event an issue arose.• Developed a Customer forward model to monetize in-house regulatory knowledge and create a tool to hold clients on a long-term basis.

Jamaica, New York

• Established and Managed a Fine Arts & Exhibitions Division. Budgeted, Staffed and Trained the division.• Consistently generated new business resulting in sustained growth and the formation of the company’s most profitable vertical markets.• Supervised staff in daily Air/Ocean Export Operations. Implemented a New York Gateway, providing a regular consolidation schedule and reduced rates to all US offices in targeted trade lanes.• Monitored Accounts Payable and Receivable to maintain positive cash flow. Prepared Quarterly and Annual Budgets• Developed plans and procedures for existing and prospective customers to improve their logistics department while leveraging the company’s services. • Negotiated rates with Airlines, Steamship Lines, Truckers and Rail Carriers to reduce customer costs while increasing company profits.• Provided both Sales and Operational support to generate new and maintain existing accounts.

Business

Computer Science