Devin Persaud Email & Phone Number

Toronto, Ontario

• Reviewed existing credit policies and implemented improvements leading to more thorough initial reviews and formalized procedures for ongoing review
• Completed credit analysis for new clients ranging from $75K to $350K per week in billings
• Coordinated with business development managers to identify clients who were candidates for credit increases in order to proactively attempt to increase business
• Prepared detailed reports to support C-Level management decisions driven by Credit

Indiana, USA

• Major Achievements: Averaged 22% increase in sales and 17% cost reduction with acquisitions, and averaged 13% above target EBITDA figures.
• Managed the operation of multiple sites while implementing strategies to improve sales figures and minimize costs
• Responsible for conducting thorough financial analysis on all potential deals
• Managed all aspects of Cash Management including, but not limited to: Payroll, Accounts Payable, Invoicing and Cash Flow Management.
• Liaised with various business brokers throughout our target markets to discuss and identify viable opportunities
• Successfully displayed quick and decisive decision making across all aspects of daily operations for multiple entities

• Major Achievements: Reduced DSO by 16.8 days (21.6%), 89% success rate with collection targets (previously 8%) and decreased bad debt by $4M (from $5M to $1M).
• Managed a staff of 4 collectors ensuring adequate coverage Nationwide with a total A/R collection target set between $9M-$15M monthly
• Successfully resolved lingering issues with our largest clients by working closely with internal sales representatives and senior representatives our clients
• Implemented a "show me" policy in order to rebuild the departmental relationship with sales and regain the confidence of clients who were previously unsatisfied
• Prepared cash flow projections as well as various other reporting tools to gauge my departments situation with regard to monthly targets and potential problems
• Escalated and approved files for 3rd party collections and/or legal action

• Developed appropriate strategies (both short & long term) to suit business needs and requirements of current clientele as well as prospective clients
• Managed various projects designed to grow the business while adhering to deadlines and cost limitations set forth
• Conducted thorough market analyses and used the findings to establish various negotiating benchmarks with vendors and clients
• Created innovative new avenues to introduce our product to a new segment that would otherwise be unable to participate
• Identified various area for process improvement, making operations more efficient while eliminating waste
• Managed all marketing efforts for the business (from conception to implementation)

• Major Achievements: Reduced DSO's from 3-27 days (consulting), increased cash flow by minimizing costs and increasing departmental efficiency, and maintained our company DSO under 31 days.
• Dealt with credit and collection of accounts within a range of personal finance, mortgages, and business assets
• Successfully supervised a fluctuating staff (6-12 persons)
• Utilized strategic problem solving skills to determine the root cause of payment defaults and subsequently negotiate terms and conditions of settlements on high risk accounts
• Completed full credit worthiness assessments which included; credit investigation and analysis on new and existing accounts, granting or denying credit, and assigning terms and limits
• Completed general A/R duties, including but not limited to; cash applications, account reconciliations, investigating billing discrepancies, and monitoring aging reports and DSO.

Certified Credit Professional, Credit

6 of 8 courses completed

B. Comm, Major In Business Management, Minor In Law