Derek Owen, Mba Email & Phone Number

• Lead the Credit Underwriting, Portfolio monitoring, Collateral, and Implementation of Cash and Credit teams
• Manage, develop, and mentor a diverse team through effective leadership and training to optimize output efficiency and accuracy; while also increasing employee engagement and satisfaction.
• Serve as the senior-level approver for new deals through CAM, including credit limit decisions exceeding $1M.
• Drive process improvement initiatives to enhance operational workflows and performance, while also mitigating bad debt write offs and losses.
• Lead Bi-weekly cross-departmental meetings to formulate action plans for outstanding issues and discrepancies.
• Create weekly reports and monthly dashboards for the senior leadership team to highlight critical areas of concern.

Beachwood, Ohio

• Oversaw company’s entire accounts receivable portfolio identifying, recommending, and implementing strategies to minimize bad debt loss risk.
• Conducted thorough underwriting due diligence on end debtors to establish overall risk comfort levels.
• Collaborated with Sales, Service, and Underwriting teams during new client review process, performing risk vs reward analysis.
• Prepared monthly reports and analyses on accounts receivable health for the senior leadership team and led monthly meetings to review action items, enhancing internal processes and strategic risk reduction methods.
• Evaluated existing clients’ performance to determine risk appetite and profitability.
• Oversaw the Collateral department, ensuring cyclical audits of our clients collateral documents to mitigate risk.

Beachwood, Cleveland Ohio

• Solely managed a $50M+ portfolio of receivables by analyzing clients’ financial positions and their ability to handle current and future obligations, minimizing bad debt write-offs and maximizing accounts receivable.
• Determined credit limits up to $250k by analyzing any publicly available financial information (including financial statements, Experian BusinessIQ, Dun & Bradstreet Risk Management, CreditSafe, 990’s, and bank.
• Analyzed financial trends of clients and end debtors to identify potential red flags, mitigating portfolio risk and determining appropriate actions to safeguard the company’s financial position.
• Maintained strong client relationships and acted as a liaison for the management team.

Beachwood, Ohio

• Assisted Senior Credit Analysts in researching and approving new account credit limits and provided desk coverage during their absence.
• Reconciled customer statements to resolve cash application discrepancies and conducted collections on past-due accounts.
• Supported buyout verification and credit underwriting processes.

Beachwood, OH

• Provided back-office support to clients by processing invoices and performing quality control audits to ensure accuracy between billed and worked hours, as well as verifying UCC and remit advice.
• Developed a more efficient audit process, significantly reducing resource usage.

Rocky River

• Managed a team and directed the planning and execution of both small and large-scale events from start to finish; 50-5,000+ guests at times.
• Developed effective social media advertising promotions.

Beachwood

• Worked with advisers in a support role by creating client portfolio performance reports, meeting agendas with graphics, performed market research, and determined if clients had adequate insurance & estate planning.

Master Of Business Administration - Mba, Honors, 3.91 Gpa

Activities and Societies: Beta Gamma Sigma

Bachelor Of Business Administration (B.B.A.), Finance, General

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