Michael R. McCorkle, CCE / ICCE

**** ******** **.

Colorado Springs,CO 80906

Cell# 719-***-****)

EXPERIENCE SUMMARY

A broad-based understanding of Credit Management. Knowledge of accounting concepts, financial

statement analysis and the legal aspects of credit business law, including familiarity with bankruptcy

laws and lien laws.

EDUCATION

BACHELOR OF SCIENCE, SOUTHWEST MISSOURI STATE UNIVERSITY,

Springfield, MO.

THE GRADUATE SCHOOL OF CREDIT AND FINANCIAL MANAGEMENT EXECUTIVE AWARD, DARTMOUTH COLLEGE, Hanover, New Hampshire

CREDIT AND FINANCIAL ANALYSIS, MID CAREER SCHOOL

Pine Mountain, GA

ADVANCED CREDIT AND FINANCIAL ANALYSIS, MID CAREER SCHOOL

Pine Mountain GA

INTERNATIONAL BANKING COURSE, UNIVERSITY OF PENNSYLVANIA,

Philadelphia, PA

CAREER HISTORY

6-2007-Present TRANSIT MIX CONCRETE, Colorado Springs, CO

CREDIT MANAGER

Overall management of the Credit, Collections and Accounts Receivable functions of the company.

Responsible for the management and analysis of the entire Accounts Receivable portfolio. Direct management responsibility for A/R staff of 5 and all billing throughout the company. In addition, ensure accurate posting of revenue, timely billing, collections, the integrity of data and proper use of automated systems, resolution of unreconciled payments, and reconciliation of all A/R GL accounts.

I was involved in one of the largest Bankruptcies in the State of Colorado in which a profit was obtained.

Reduced DSO from 67 days to 42 days.

Initiated new account set up accepted EDI invoicing.

Generate age analysis and review AR aging to ensure compliance. Maintain accounts receivable customer files and records.

Point person for quarterly and annual audits as regards billing, cash, revenue and collections.

I created and implemented a comprehensive credit and collection policy and related procedures for the receivables department.

Mailed invoices and statements (customers who were not set up via EDI) and followed up with customer plus created debit/Credit Memo when needed.

Investigate and resolve billing and account discrepancies.

Personally handle credit/collection situations beyond subordinates authority, major accounts requiring individual attention, marginal accounts, problem accounts, special credit arrangements, and deviations from standards.

Investigate, review, and determine reasonable and sound credit limits up to a designated amount on potential and existing accounts with trade references, bank, and Experian and D&B reports.

Administrates and makes collection calls and visits in a timely manner to ensure on time collection.

Maintains an effective communication line with customers.

Provides feedback for Company to minimize risk on the A/R and meet DSO objectives.

Review A/R on a monthly basis and determine accounts which require third party and/or legal action. Interact with any third party collection agencies.

Seeks ways to provide affordable and timely financing to customers while minimizing risks.

Oversee the processes of customer refunds, EFT payment posting, check posting, and monthly statements.

Reviews and releases customer orders on a timely basis.

Maintain bond/lien rights where applicable.

Review and execute lien waivers.

Attend bi-weekly Sales Meetings to discuss new account set up, disputes and collection issues.

Consult with superiors, appropriate Sales staff, or both on particularly complex collection and/or deduction situations requiring extraordinary efforts to resolve.

Respond to credit inquiries from external and internal clients.

Maintains knowledge of Credit and related policies, programs, laws, industry trend, new developments and issues.

Attend monthly industry construction group meeting held by Mountain States Commercial Credit Management (MSCCM).

2/2002 to 5/2007 HUTTIG BUILDING PRODUCTS, INC. St. Louis, MO and Orlando, FL

DIVISION CREDIT MANAGER PROMOTED TO REGIONAL CREDIT MANAGER

Managed the Credit and Collection department for 8 divisions of the company. (Southeast Region)

Managed a team of 4 credit and collections specialists.

Enforce collection policy and supervise systematic follow-up procedures

for the regions.

Prepare monthly and quarterly management reports which will analyze the collection performance.

Provide senior management with reports on status of accounts.

Manage the collection function and the credit checking process.

Prepare weekly cash flow projections and accounts receivables roll-forward report.

Ensuring proactive collection and management of customer accounts.

Responsible for establishing customer credit limits based upon analysis of credit reports and financial statements.

Ensure staff is responsive to both internal and external customers and vendors and provides

excellent customer service.

Approve customer orders within established credit limits and resolve accounts receivable and discrepancies.

Work closely with the Branch Managers and the Sales Force regarding credit and collection issues.

Offsite customer visitation along with visiting branch locations.

Negotiates with Divisions in the escalation process when credit is less than what has been requested

or needed, or when a credit hold release is at issue.

8/2000- 12/2001 LACLEDE STEEL COMPANY, St. Louis MO (Bankruptcy/liquidation)

MANAGER OF TREASURY AND CREDIT

Responsibilities include managing the company’s Treasury functions and Accounts Receivable and Credit and

Collections.

Supervised a staff of five; (1) Assistant Treasurer (2) Credit and Collection Analysts (2) Accounts Receivable Clerks.

Prepared daily Borrowing Base Certificate (Combined Notice of Revolving Credit Advance and Collateral Activity Report – A/R and Inventory Roll Forward).

Prepared Daily Forecast (Book Balance – Outstanding Checks – Daily Bank Balance).

Oversee cash application.

Meeting DSO, Aging and Cash Targets.

Completed and approved customer credit reviews.

Reviewed Financial Statements from our customers.

Analyzed credit risks and minimize bad debt.

Made collection calls and follow-ups.

Worked with Senior Management to ensure that they are kept up to date on A/R status and issues.

1/1998 –7/ 2000 CRANE NATIONAL VENDORS DIV. OF CRANE COMPANY, St. Louis, MO

SENIOR CREDIT REPRESENTATIVE

Responsible for the credit and collections of the Central Region. Also, responsible for the collections of a portfolio of $8 million in bank loans.

Worked with Vice President of Sales and Sales Representatives.

Completed and approved customer credit reviews.

Handled all third party accounts and bankruptcy accounts.

Approved customer’s orders daily for those exceeding credit lines and past due accounts.

Worked closely with customer service on sale orders and disputed items (deductions).

Collected receivables in a timely manner with continuous follow-up.

Leased capital equipment for terms no longer than 3 years for potential high-risk customers and new business start-ups (Filed UCC and Security Agreements).

5/1992 –11/ 1997 ELECTROVERT USA CORPORATION, Camdenton, MO

CREDIT, COLLECTIONS AND RISK MANAGER

Responsible for all domestic and export credit, (40% of our business)

with credit decisions up to $500,000.

Supervised a staff of two credit and collection analyst and one export administrator.

Managed an accounts receivable portfolio of $15 million. The portfolio included medium and large electronic manufacturing companies, i.e. Intel, Lucent Technologies, Hewlett-Packard and Nokia, Finland.

Formulate credit guidelines, policies and procedures and related system to enhance development and give advice in credit and risk areas.

Exercise prudent control of risk management of accounts receivable to sustain company sales growth while minimizing bad debt losses.

Provide monthly reporting on receivable trend analysis and customer account deterioration as required by corporate controller.

Reviewed all requirements for the letter of credit before moving forward with a deal. Understanding all the documents required and make sure all documents required by the letter of credit match the letter of credit application exactly. Understanding the time limits associated with the letter of credit, and whether they are reasonable.

Handled all bankruptcy and third party accounts.

Managed capital equipment leasing.

EMERSON ELECTRIC COMPANY / MOTOR DIVISION, ST. LOUIS, MO

ASSISTANT CREDIT MANAGER ( FORTUNE 100 COMPANY )

Supervised a staff of 2

Analyzed financial statements on Fortune 500 Companies

Handled the portfolio of large dollar accounts in excess of 2 million dollars

Worked closely with customer service on disputed issues

SYSTEMS SOFTWARE

Oracle / JD Edwards / AS 400

Proficient in relevant computer software. I have essential Excel and Access skills. Currently working in both in which Access is a database program while Excel is for spreadsheets and financial calculations. I use Access to collect, manipulate and sort data. The primary use of Excel is to create financial spreadsheets.

Contact this candidate