Michael W. Fenner, Cba Email & Phone Number

United States

Greater Los Angeles Area

Greater Los Angeles Area

• Successfully and efficiently integrated the A/R and credit operations for 23 acquisitions including the $2.6 billion Allied Building Products acquisition which took 2 ½ years to complete (±208 branches).• Lead & liaison for IT projects including all in-house system and credit updates / upgrades as well as acquisitions.• Trained the credit teams from converted companies, along with new hires, and existing credit personnel resulting in high marks on internal surveys for timely and appropriate work.• Regularly updated policies and procedures to ensure a best-in-class credit department.• Special projects including credit onboarding, database cleanup, national account standardization.• Automated analytics and reporting, including monthly aging’s, day to day report requests.

Greater Los Angeles Area

• Responsible for all credit related activities for Beacon’s western U.S. companies and operations.• With a team of three people, monitored ± 2,000 active accounts daily and maintained positive cashflow on a ±$350 million portfolio. • Managed all jobs securely with preliminary notices, mechanics liens.• Lowered the risk of selling on open account terms resulting in higher sales with bad debt losses consistently below 0.1% of annual sales.• Coordinated and personally handled all complex business decisions, credit / legal issues and negotiations with customers, attorneys (including bonds and stop notices) and collection agencies.• Approved all open lines of credit by using all available tools including but not limited to business reports, trade references etc.• Worked on ways to reduce credit card fees, updating customers credit lines and the continuous process of updating customers credit files.• Monthly trained credit managers, credit assistants, and clerks, as needed around the country either in person or through WebEx online.• Led the team responsible for writing the corporate credit manual now used at all Beacon locations worldwide.• Selected to convert the A/R as well as to centralize the A/R and credit operations for 12 acquisitions including the $1.1 billion RSG acquisition.• Effectively managed a team of 3 people resulting in bad debts consistently below targets, and DSO below the industry average.

Greater Los Angeles Area

• Responsible for all credit activities for the following divisions; Halsteel, Inc., Industrial Alloys, K-Lath, TI Wire, USA Industries and HK Universe (an International Trading Company).• Along with one assistant, monitored 1,500 active accounts, maintained positive cashflow by reducing the DSO 10 days while increasing the percent current 10%.• Coordinated and personally handled all complex business decisions, credit issues, and negotiations with customers, attorneys and collection agencies resulting in DSO consistently below targets.• Completely designed and structured corporate credit policies organized and facilitated short- and long-term credit planning with organization and controls (Sarbanes Oxley).• Approved all open lines of credit for new and existing customers by using business reports, a predictive score matrix, financial statement analysis and clearing trade references.• Used Letters of Credit to mitigate export credit risk, and UCC’s and other forms of security to mitigate credit risk associated with open account sales.• Managed the cashflow report including daily balancing, and cash forecasting.• Managed all rebate programs.• Planned and coordinated several database consolidations. [Completed on time and on budget.]

Greater Los Angeles Area