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Former Federal Student Aid CFO Jay Hurt joins Grant Thornton Public Sector

September 24, 2018

ALEXANDRIA, Va.--(BUSINESS WIRE)--Sep 24, 2018--Jay Hurt has joined Grant Thornton Public Sector as a managing director in its financial management practice. Based in the firm’s Alexandria, Va., office, Hurt will be responsible for helping federal agencies transform and improve their operations.

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Jay Hurt (Photo: Business Wire)

Formerly chief financial officer of the U.S. Department of Education’s Office of Federal Student Aid (FSA), Hurt oversaw the distribution of more than $120 billion in aid annually and the financial health of the federal government’s $1.4 trillion student loan portfolio. During his tenure, he led the multi-office effort to implement a student loan purchase program that injected more than $100 billion into the failing student loan markets – and resulting in no borrower going without federal student loans due to lack of capital. He also served as acting chief customer experience office for the more than 40 million Americans served by FSA.

“Jay has proven adept throughout his career at motivating teams and turning limited resources into significant public sector results,” said Carlos Otal, national managing partner, Grant Thornton Public Sector. “It’s exactly the kind of experience that will help us better serve government clients striving to maximize performance and efficiency in the face of tightening budgets and increased demand for services.”

Earlier in his career, Hurt was as a senior manager for IBM Business Consulting Services (formerly PwC Consulting), a consultant for American Management Systems, an MBA consultant for the University of Michigan, and a system designer and managing analyst for the U.S. Department of the Treasury.

Hurt received a master’s degree in business administration with a concentration in corporate strategy and finance from the University of Michigan and a bachelor’s degree in business administration from the University of Richmond. He completed a senior executive fellowship at Harvard University’s John F. Kennedy School of Government and holds the Certified Government Financial Manager designation from the Association of Government Accountants.

About Grant Thornton Public Sector

Grant Thornton Public Sector helps executives and managers at all levels of government maximize their performance and efficiency in the face of ever-tightening budgets and increased demand for services. Grant Thornton Public Sector gives clients creative, cost-effective solutions that enhance their acquisition, financial, human capital, information technology, data analytics and performance management.

About Grant Thornton LLP

Founded in Chicago in 1924, Grant Thornton LLP (Grant Thornton) is the U.S. member firm of Grant Thornton International Ltd, one of the world’s leading organizations of independent audit, tax and advisory firms. Grant Thornton, which has revenues in excess of $1.7 billion and operates 59 offices, works with a broad range of dynamic publicly and privately held companies, government agencies, financial institutions, and civic and religious organizations.

“Grant Thornton” refers to Grant Thornton LLP, the U.S. member firm of Grant Thornton International Ltd (GTIL). GTIL and the member firms are not a worldwide partnership. Services are delivered by the member firms. GTIL and its member firms are not agents of, and do not obligate, one another and are not liable for one another’s acts or omissions. Please see grantthornton.com for further details.

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CONTACT: Grant Thornton

Carling Spelhaug

M +1 303 813 4050

Ecarling.spelhaug@us.gt.com

Stwitter.com/grantthorntonus

twitter.com/GTPublicSector

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KEYWORD: UNITED STATES NORTH AMERICA ILLINOIS

INDUSTRY KEYWORD: PROFESSIONAL SERVICES CONSULTING FINANCE

SOURCE: Grant Thornton LLP

Copyright Business Wire 2018.

PUB: 09/24/2018 01:00 PM/DISC: 09/24/2018 01:01 PM

http://www.businesswire.com/news/home/20180924005155/en

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