Researched industry sectors concerning large and medium contractors in Southern CaliforniaAccurately and efficiently evaluated credit applicationsLiaised between client, sales and legal and customer service to ensure successTravel to customer sites reviewed financials and cultivated relationships Extended 20 million in credit with bad debt of just 1%Worked closely with credit operation associates to resolves disputes Investigated contractors for financial crimes Approved and released ordersSupervising simultaneous projects in high pressure environmentsProficient in adapting to new procedures as business climate changesReduced average DSO from 52 to 46 days, and decreased 90-plus day past due accounts from 5% to 3%, while managing risk and increasing cash 5% by the end of 2009.Increased coverage and efficiency of use of Liens/Bond claims/notices to maximize protection of the accounts receivable; upgraded credit risk analysis to minimize exposure, and reduce bad debt write-offs. Managed delinquent, legal accounts working directly with outside attorneys, collection agencies, and small claims suits, negotiating settlements, pay-out agreements, promissory notes and agreed judgments, to increase recovery of doubtful accounts and manage attorney and agency fees for cost effectiveness. Key Highlights: Reconciled old and disputed accounts resulting in payment and winning lawsuits on several problem situations, which were considered a lost cause. Improved the DSO from 90 days to 57 days. Reduced Past Due Percentage from 20% to 3% 60 days s

Analyze credit risks based on internal payment and recommend credit limit and risk category .Analyze company financial statements to determine credit line.Accesses third party credit history databases to obtain payment trends.Reviews sales contracts to determine if customers product requirements can be covered by credit limit recommended and manually release orders for processing as required.Work with other organizations, such as Order Management, Master Data and sales to resolve short payments and other issues.Conduct second level resolution on various AR related issues.Assist team leader with creation and maintenance of departmental polices and training documents related to scope of position.Assist team leader with timely follow up on issues and questions.Actively participate in accounts receivable change projects as required and all billing functions included. *AccomplishmentsReduced DSO from 90 days to 45 daysIncreased cash flow by 3 million dollars Created credit corporate policy

Developed and implemented a collections system which was utilized by 27 field offices in 9 different statesCreated a credit check program which determined the financial status of each jobResponsibilities included: billing, collections, deduction resolution, account reconciliations and due diligence, filing liens on projects and filing on the bonds when neededEstablished working relationships with Construction Managers and Contractors, ensured their expectations were fulfilled and metDeveloped a lien watch program, determined which jobs needed preliminary noticesDetermined the fulfillment of contractual terms before releasing equipment to general contractorsApplied construction lien law knowledge for each office/state for all ongoing projectsCommunicated with attorneys, renegotiated terms for the client and the company during contract discrepanciesApproved credit extensions, solved cash application problems, reviewed credit approvals and resolved payment discrepanciesPrepared forecasting and projection reports based on sales and market trends*AccomplishmentsReduced and maintained a Net Working Capital of 10.5% of outstanding construction and modernization balance 2001: $2M in excess of over a year old / 2007: decreased to $30,000 in excess of one yearReduced the delinquency portfolio by 50% Created a down payment and payment tracking program for the sales force

Created and implemented a credit and collections policy for 16 local branches and supervised 3 employeesResolved cash application, billing and contract discrepanciesConducted credit investigations and issued recommendation for credit linesPrepared accounts for local litigation proceedings*AccomplishmentsReduced delinquency portfolio by 50% in less than one yearReduced 30/60/90 to reach a DSO of 31.5 days