Wayne Lindquist Email & Phone Number

Greater Seattle Area

• Serve as credit and contracts consultant for clients, including United Wholesale Supply and TopLine Counters. Process credit applications and construction subcontracts. File liens and retain counsel for foreclosure.
• Assisted United Wholesale in an action to repossess cabinets and appliances from a debtor, using Uniform Commercial Code (UCC) guidelines as legal recourse; collected amount owed in full in exchange for product.

Seattle, WA

Minimize bad debt and negotiate favorable contract terms for decentralized, multi-state interior design contractor. Designed from inception front end credit management and contract administration protocol. Ensure lien law compliance regionally with respect to differentiating State specific Lien Law. Corporate accounts receivable reporting and trend.

Greater Seattle Area

• Minimized bad debt and maximized profit for flooring and interior furnishings contractor; underwrote credit risk, facilitated the sales process and ensured prompt collections. Filed mechanic’s liens and worked with.
• Negotiated promissory notes, foreclosed liens and applied strategic legal pressured to collect $1.9 million of $3.2 million in 40 legal/lien accounts across six western states
• Collected 100% of A/R balance, plus interest, when a general contractor went insolvent with $310,000 owing for materials and labor supplied to 27 houses; filed liens and collected in full from escrow closings on 14.
• Collaborated with counsel to resolve a $1.5 million suit for alleged defective flooring; convinced three insurance carriers to defend, indemnify and pay reduced $300,000 claim
• Worked in partnership with technology team to implement a customized prelien report and ensure compliance with state lien laws

Greater Seattle Area

• Managed front and back-end credit and collections and administered construction contracts, including redaction negotiation and risk mitigation; wrote addendums addressing punitive damages, pay-if-paid clauses.
• Exceeded expectations by maintaining days sales outstanding (DSO) at 40 days and surpassed percentage of past due and bad debt write offs to sales goals
• Reconciled inaccurate accounts receivable caused by incorrect cash application posting; analyzed A/R and identified cash application mistakes then worked collaboratively with customer to correct errors
• Recognized by CFO of parent company as, “the most sophisticated and knowledgeable credit manager” he had ever worked with
• Established system to monitor lien dates and provide advance notification of pending liens to sales team

Greater Seattle Area

Collected on past-due receivables for provider of civil construction and sanitation services. Prepared credit files and made credit approval or denial recommendations to credit manager. Recommended lien filings, prepared bad-debt reports and referred accounts to collections agencies.