Credit Manager Resume
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St Louis, MO
SUMMARY:
Accomplished Credit Manager with twenty - six years of credit and collection experience, the last fifteen with a publicly traded medical device manufacturer.
AREAS OF EXPERTISE:
- International Credit with an emphasis on risk management and payment vehicles such as Letters of Credit to support the increase of sales and reduction of bad debt.
- Construction Credit with emphasis on Mechanics Liens, Surety Bonds, and The Miller Act, allowing the extension of credit on higher risk sales while improving cash flow.
- Implementation and development of policies and procedures to improve departmental performance and exceed company expectations.
EXPERIENCE:
Confidential, St. Louis, MO
Credit Manager
Responsibilities:
- Developed and implemented policies and procedures reducing Confidential, bad debt, and the number of customer credits issued on a monthly basis.
- As a result of improved policies and procedures, the company was able to abandon high interest financing and switch to traditional bank financing thus saving $30k per month in interest and fees. All bank loans were eliminated within four years as a result of positive cash flow.
- Implemented policies and procedures supporting the extension of credit to high risk Construction and International customers. This improved cash flow, reduced bad debt, and allowed for the continuation of profitable sales to new and existing customers.
- Responsible for the opening of new customer accounts, establishment of credit lines, the release of orders, Accounts Receivable compliance, and the collection of past due invoices.
- Had a critical role in the company becoming and maintaining Sarbanes- Oxley and Conflict Mineral compliance.
- Reports directly to the Chief Financial Officer and meets daily with all levels of management.
Confidential, St. Louis, MO
Credit Manager
Responsibilities:
- Centralized the collection effort resulting in a decrease in Confidential and an increase in cash flow allowing the company to save money on outstanding bank loans.
- Created reporting for Senior Management, Auditors, Investment Bankers, and myself to manage receivables and expose any potential bad debt.
- Traveled to regional branches to work with personnel and local customers.
- Reported directly to the V.P. of Finance and Administration.
Confidential, St. Louis, MO
Collection Supervisor
Responsibilities:
- Selected on four separate occasions to establish and organize the centralization of Confidential collection efforts.
- Ensured all direct reports adhere to company, state, and federal regulations.
- Responsible for the training and coaching of collection staff to support monthly performance standards.
- Received Supervisor of the month awards, as well as broke and maintained several collection records.