Irving Baum Email & Phone Number

Edison, New Jersey

Management of the collection efforts of domestic, foreign, factored and non factored accounts. Supervision and Management of communication with Wells Fargo Factors regarding the reconciliation of daily reports on the Wells Fargo Web site. Solely responsible for the review, preparation, and reconciliation of factored accounts receivable check batches enabling for their proper and accurate posting in the company computer system by cash applications. Perpetual review, the challenging, and reconciliation of chargeback deductions with Federated Department Stores, Target, Walmart, Meijer, Shopko, and Crocs Corporation with the use of their company web sites. In charge of past due reporting to upper management. Review of past due matters during weekly meetings with upper management and sales staff.

Managed the collections and cash management efforts of an Accounts Receivable staff consisting of (6) six people. In charge of the collections of all accounts receivable valued in excess of $50,000,000.00 per year in sales for all domestic and overseas bridal, brides’ maids, ready to wear, and lavender label customers. Contacted Federated Dept Stores, Saks Fifth Avenue, Bergdorf Goodman, Neiman Marcus, and Nordstrom’s, in order to reconcile and reverse unauthorized charge backs and past due receivables. Reorganized Credit Department in order to contact past due customers, discuss balances, and to work out amicable payment schedules so remittance could be receivedPlaced uninsured claims of bad debt customers into collections with Coface Credit Insurance and Atwell Curtis & Brooks.

Managed and controlled the collections effort of an Accounts Receivable staff consisting of (6) six peopleResponsible for analyzing customer financial statements and balance sheets in order to determine a customer’s credit worthinessAnalyzed Dun & Bradstreet Credit Reports with the use of D&B Ram SoftwareIn charge of the collections of all accounts receivable valued in excess of $120,000.00 in yearly sales. Placed requests with Factors, such as Rosenthal & Rosenthal, Congress Talcott, Nations Bank, and USBC bank in order to obtain authorized shipments for accounts that had factored receivablesContacted all department stores, such as Federated Dept Stores, Saks Fifth Avenue, Bergdorf Goodman, Neiman Marcus, and Nordstrom’s, in order to collect past due Invoices and unauthorized charge backsReorganized Credit Department in order to contact past due customers, discuss balances, and to work out amicable payment schedules so remittance could be receivedPlaced claims of bad debt customers into collections with Coface Credit InsuranceTraffic ManagementResponsible for all importation of company product and supervised all stages of import flight details. Liaison between custom brokers and airfreight carriers in order to achieve successful U.S. Custom’s Clearances of merchandise. Placed claims with U. S. Customs for all import duty drawbacksThe connecting link between all trucking companies and our third party warehousing facility regarding delivery appointments for local airports and bonded warehouses