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 • Tracked all data to ensure positive cash flow and adherence to established targets• Accountable for the entire operation, including but not limited to; human resources, financial planning, operational strategies and oversight of daily operations

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• Approved the release of orders put on credit hold (up to 500k), as well as making credit decisions up to 50k• Prepared accounts, and gained necessary approvals for bad-debt write-offs

• 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