Jonathan Reed Email & Phone Number

Austin, Texas, United States

Cedar Park, Texas

• Manage a seven person department; providing leadership and coaching to achieve team goals.
• Collect on outstanding debt totaling $200 million annually, for a global company, while maintaining good relationships with multi-cultural businesses.
• Reduced DSO from 104 days to a 60 day range, while reducing outstanding accounts receivable from $48 million to $26 million.
• Diminished accounts over 120 days from $13 million to $1.7 million using proven collection methods.
• Continuously setting monthly collection records while invoicing record volumes of orders.
• Oversee daily invoicing and general contractor payment applications in order to maximize the company's cash flow.

Austin, Texas

• Successfully collect on outstanding debt totaling $70 million annually for three companies on clients located throughout California, the Midwest and Texas, b2b.
• Update and post AR metrics to the executive team which includes DSO, BPDSO, ADD (5 days average), CEI (92%) with an average of only 8% of outstanding dollars past due.
• Supervise workflow and follow-up with assistant to maximize collections.
• Resolve customer disputes regarding invoices dealing with insurance denials or inaccurate invoice back-up paperwork.
• Maintain stellar communication with the executives to insure timely collections and act as advisor for future business decisions.
• Manage outgoing demand letters and termination notices for substantially delinquent accounts.

Seattle, WA

• Collected on outstanding AR totaling $24+ Million annual sales related to material handling and construction.
• Ran credit checks on all new customers using Experian via NACM membership and set up terms and conditions as per the credit worthiness of the customer.
• Worked directly with the company lawyers to insure legal rights are exercised and executed in a timely manner when necessary.
• Repossessed materials that had been unpaid for a substantial amount of
• Prepared and maintained hundreds of construction contracts by editing/rewriting contracts, completing the state required forms for workman’s compensation, intents to pay prevailing wage, affidavits of wages paid.
• Coordinated and setup electronic funds transfers with our larger customers (Intel, Microsoft or Costco).

Seattle, WA

• Contributed to company profitability by increasing the spending potential of check writing customers while providing excellent customer service and controlling bad check expenses.
• Handled a high volume of phone calls on a multi-lined phone system (100+ incoming calls per day), while maintaining a high collection percentage of 50% on all incoming checks in WA, OR & AK.
• Responsible for keying checks into the national database called the Scan check system and likewise onto the in-house collection system called KM.
• Ran and evaluated credit bureaus on potential customers in time sensitive situation.
• Monitored a nation-wide point of sales system while taking action when necessary.