Paul Lisiecki Email & Phone Number

Aurora, Il

Lead AR transition of a shared service unit created by the parent company Glanbia plc for U.S. wholly owned subsidiaries currently in the nutrition, cheese, and ingredients markets Managed implementation of transitioning functions, processes, and SAP conversions of AR ledgers to be managed by shared service operationsSupervise, lead and motivate seven credit and collections specialists along with one cash application clerkMaintain 6 AR ledgers totaling 2+B in revenue Responsible for customer credit approval and limits structured around credit insurance consisting of applications, reporting and maintenance of accounts per policy rules and regulations Manage entire AR and credit cycle from order to cash processProvide weekly and monthly detailed reporting and metrics for business units along with dashboard reports for CFO and controllers of 6 U.S entities.Facilitate weekly AR meetings with CFO and controllers of business units highlighting key issues and strategies of initiatives to improve overall AR results and trends Drive improvements to achieve a consistent process for all business units resulting in accuracy, efficiencies and continuous improvement Continue to manage transitions, implementations and stabilization of Credit and AR into shared service model for new company acquisitions by the parent company Glanbia plc

Aurora, Il

Supervise A/R / Credit Team consisting of three collectors and one cash application clerkCorrected and improved cash application process implementing transactions to record customer deduction Reorganized entire customer deduction process from cash entry, tracking, resolution, and allocation of credits or charge backs Maintain two A/R ledgers with combined revenue of $750 millionCoordinate all credit and collection activities from order to cash processManage credit insurance and ensure insurable limits are maintained vs. customer exposureProvide detailed weekly and consolidated monthly reporting to management on aging metrics, detailed customer status, past due ratios and advise of potential risksKey user and lead for A/R module relating to SAP development, testing, training and final implementation in February 2013 Transitioned AR functions to lead a Shared Service department to manage the US entities Credit and AR functions for the parent company Glanbia plc

Managed entire A/R functionReorganized Accounts Receivable Department and processes implementing two Deduction Analysts to review and approve or dispute claims with numerous Big Box customers Maintained $55 million average aged trial balance Improved DSO by 20% from 75.8 to 62.8 days Constant interaction with Sales, Traffic, Accounting, and Management to resolve immediate issues and institute process improvements to avoid future discrepancies Researched, disputed and negotiated post-audit claims allowing for minimal financial impact which lowered reserve for post audits by 54% from $2.2 million to $1 millionTrained, monitored and reviewed weekly collateral reporting for asset based loan and provided lender with monthly ineligible calculation and various collateral analysisDeveloped and monitored company’s monthly provisions analysis (Bad Debt Accrual) calculation Worked with various collection agencies to minimize bad debt resulting in a 40% reserve reduction from $1.5 million to $900 thousandManaged Program Agreements contracted with Big Box and Buying Group customers verifying proper monthly accruals and deductions relating to volume rebates, co-op advertising and other allowances Implemented web based credit card processing solution for pre-payment and past due resolutionManaged and reviewed Letters of Credit processing and presentation for payment Supervised four positions in Accounts Receivable Department; Cash Entry, Collections and two Deduction Analysts

Credit ManagerMaintained 6.5-7.0 million dollar average aged trial balance Improved DSO from 56.9 to 41.7 days Processed and approved or rejected request for credit provided by Sales Retrieved Dun & Bradstreet reports, contacted potential customer's references, and reviewed available financial information to determine payment terms and credit limits Reviewed and approved Letters of Credit for overseas transactions Wrote credit approval letters and other specific credit documents such as personal guarantees for customers requiring special arrangements for credit extension Contacted slow paying customers regarding unsatisfactory payments and determined future credit worthinessAddressed potential credit problems and worked with Sales and Production to minimize company exposure relating to raw materials and finished goods Provided weekly no-ship list to Sales in an effort to correct customer payment habits Placed delinquent accounts with collection agencies and provided all documentation for legal action