Collections and Credit

Eduardo Valdes

Secaucus, NJ *****

Objective: To improve the receivables performance of the prospective company, utilizing a customer centric approach to decrease past dues while preserving sales.

Education: Accounting degree, Bachelors of Science, Graduated May 1990, GPA 3.4

Rutgers University, Newark College of Arts and Sciences

Experience: Collections and Credit - Gen-source Rx - Carlstadt, NJ (Nov 2011 - Oct 2012)

• Oversaw all accounts receivable and credit functions

• Collected and monitored $2 million monthly of open receivables

• Maintained weekly contact and rapport with 1,100 customers

• Established credit-worthiness of new accts using D&B and supplier statements

• Reviewed and adjusted credit limits and credit holds as necessary

• Tracked and managed payment compliance of chronic, delinquent customers

• Analyzed skipped invoices/discrepancies via account reconciliations

• Collaborated with attorneys on demand letters and pending lawsuits

• Supervised clerk and collector on daily tasks and assisted as needed

• Generated monthly management reports: DSO, Past Dues, A/R Trends

• Performed daily at maximum efficiency levels and capacities

• Maintained a positive mindset and can-do attitude for all tasks

Collections Supervisor - H. D. Smith Drug - Kearny, NJ (Jan 2008 - Oct 2011)

• Collected and monitored $40 million monthly of open receivables

• Maintained weekly contact and rapport with 600 customers

• Reviewed and adjusted credit limits and credit holds as necessary

• Prepared promissory notes/amortization schedules for customer financing

• Tracked and managed pmt compliance of chronic, delinquent customers

• Analyzed skipped invoices/discrepancies via account reconciliations

• Facilitated compliance of structured pay-down plans via in-store visitations

• Perfected UCC-1 filings of security agreements and personal guarantees

• Collaborated with attorneys on demand letters and pending lawsuits

• Supervised EFT admin, Collections clerk, and A/R clerk on daily tasks

• Generated monthly management reports: DSO, Top 40 Past Dues, A/R Trends

• Assisted clerks as needed with cash posting and EFT processing

A/R Clerk / Collections / EFT Admin - H. D. Smith Drug (Jul 2003 - Jan 2008)

• Performed all clerical tasks: Cash posting, Statements, account inquiries

• Collected $350K in past dues aged over 1yr during 1st 6 months of hire

• Utilized analysis and people skills to collect past dues while preserving sales

• Developed automated EFT payment program from 25 accts to 400 accts

Financial Analyst - Urban Brands - Secaucus, NJ (Mar 2001 - Jan 2003)

• Analyzed payroll, sales, bonuses for a 250 store women's retail chain

• Produced monthly management reports and analysis

• Assisted with all internal and external financial audits

• Reported directly to controller and V.P. of Finance

Skills: Fluent in reading, writing and speaking Spanish; Very proficient with Excel spreadsheets, AS400 system and Microsoft NAV (ERP)

References: Furnished upon request

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