Oded Paz Email & Phone Number

Central, Israel

Leading a team, managed all financial aspects of the business including cash flow management, banking, hedging, credit control, collection, insurance, revenue assurance, revenue recognition, accounting (top line), risk management, developing and negotiating financial solutions for both local and international customers and suppliers. Extensive experience in negotiating successful outcomes with international customers.- Managed the collection from all the customers of the company. Reduced the company provision for bad debt in Africa to less than 0.5% by a strong focus on collection.-Collected $4M in Bad Debts from two offshore customers by meeting with them to negotiate and escalating to the parent company.-Reduced the cost of the company’s elementary insurance by 50% through hard negotiation and tenders with local and overseas insurance companies.-Extensive overseas experience meeting customers abroad to close financial terms on new deals and collect hard debt from others.-Treasury, including cash flow management, banking, hedging, bank guarantees. Issued local short term bank guarantees in Africa, achieving high profitability from the hedging transactions. -Credit Control including negotiations with customers and suppliers and managing payments to our agents and representatives overseas to improve the terms of the company vs. third parties.

Managed all credit and finance aspects of the business, including credit control, collection, negotiation and development of financial solutions for local and international customers and suppliers. -Increased cash flow by $50M with strategic financing of projects and discount/forfeiting of transactions.-Responsibility for approval of transactions and negotiations with customers worldwide, including assessing the financial strength of customers (analysis of their financial reports), approval of payment terms/methods to customers, collaterals and management of credit committees. -Created and managed complex transactions with banks in Israel and abroad, including both discount and factoring of invoices, financing transactions to customers and transactions which included banks, leasing companies and credit insurance companies. This enabled our company to win new business by offering attractive terms to customers while receiving cash immediately.-Managed the credit insurance policy of the company and identified solutions to secure better deals for the business.-Collection from our customers worldwide, including management of letters of credit and working on a daily basis with our banks’ trading departments.

Mba, Finance

Ba, Management And Economic