Bob Bridges Email & Phone Number

Norwalk, Ct, Us

esponsible for executing strategic monetization goals and management of quarterly $1.5B factoring program for GE's global Power business.Business leader with proven track record of implementing new financing/monetization programs for GE Capital. Strong operational expertise to ensure smooth execution for over $150 Originating entities submitting quarterly invoices into the Power factoring portfolio

Norwalk, Ct, Us

Manage and monitor GE's Factoring program for assigned portfolios from a Risk perspective. ($2.5B+ AR). Responsible to ensure contract compliance, collateral reviews, track performance. Provided risk leadership to Commercial team in analyzing new opportunities and due diligence. Responsible for identifying and mitigating both operational and transactional risks in deals (including customer sales contract reviews, client IT processes, billing and collection policies and procedures) being integrated. Work with clients on any quarterly funding issues, as well as complete a post funding quarterly reconciliation / analysis.

Norwalk, Ct, Us

Managed team of 40 associates, including 2 team leaders and an outsource vendor to service the GE Water Commercial Trade Accounts Receivable portfolio ($300MM portfolio). Responsible for executing servicing strategy, performance, and portfolio quality. In addition, managed the North American Factoring process from client execution perspective. Key contact for clients for all factoring issues. Worked with clients each quarter end to assist with training, funding, and escalations issues.Primary business lead on integration of the Water portfolio into the GE Capital business, including due diligence on existing policies/procedures and business routines. Developed and executed transition plan. Built requirements for system enhancements to support the new portfolio. Reduced delinquency from approximately 12% to 6% utilizing account management philosophy by giving associates better control over customer's accounts versus just focusing on past due invoices.Key member of Integrations projects for each new onboarding of factoring programs. Trained clients on factoring requirements and processes for successful onboarding.

Norwalk, Ct, Us

Responsible for all originations, portfolio management, compliance, and risk strategies for the Jacksonville Inventory Finance and Factoring business. Directed team of 4 Senior Risk Professionals and 5 Front Line Analysts. Successfully manage a $200 Million Inventory Finance Portfolio consisting of approx 2,000 dealers (generating $1.6B in volume) in the A&E industry, Factoring portfolio of $600 Million across several industrial industries. Managed underwriting team for $150 Million Private Label, Commercial Trade AR & Revolving Charge portfolio. Managed over $2.2B in Credit Lines while consistently delivering on loss / delinquency targets every year. Losses averaged 0.30% of Assets with no significant single default during tenure.Executed strategic projects to optimize portfolio performance while allowing for sales growth, including new. portfolio scoring routines, Credit Line reduction programs, high risk industry segmentations and exits.Delegated credit authority of $4 Million –Secured transactions; $1.0 Million for Unsecured. Presented all deals. above delegation to corporate Credit Committee.Worked with internal and external auditors to ensure all policy and procedures met required standards.

Norwalk, Ct, Us

Project manager for business integration of new clients on to the Commercial platforms at GE Money. Responsible for client interaction an translation of all business requirements to IT. led cross functional teams to acheive full implementation (Operations, manufacturing, IT, marketing). Assisted sales team with prospective client presentations on program functionality and operational management approach

Norwalk, Ct, Us

Led Commerical Operations team of 60+ associates and 4 Front Line managers in managing the Atlanta Home Depot Prox (Net 30) commercial credit portfolio