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.•Built out an entirely new Credit Portfolio department from the group up as well as an online credit application tool for our clients to use which gained us a competitive advantage in the market. •Developed a comprehensive credit policy and procedures manual from the ground up.

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 collections.•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 reference forms) to create detailed credit risk summaries for new and existing debtors.•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 documents in order.

Master Of Business Administration - Mba, Honors, 3.91 Gpa

Activities and Societies: Beta Gamma Sigma

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

Dean's List