STEPHEN GALYAS
Norwalk, CT ***50
Home: 203-***-**** e-mail: abmgr2@r.postjobfree.com
SUMMARY
Accounts Receivable/Credit Supervisor with extensive experience in
commercial collections. Proven effective leader with the ability to
motivate individuals to meet corporate goals and objectives. Major
strengths in organization and detail. Exceptionally hard working,
dependable and results driven.
PROFESSIONAL EXPERIENCE
DAYMON WORLDWIDE, Stamford, CT 2001-Present
International company specializing in the sales and marketing of private
label products.
Collections/Accounts Receivable Analyst
Responsible for collecting receivables and reconciling over 280 supplier
accounts on a monthly basis. Work closely with our Business Managers and
Customer Service Teams at our field offices on various issues that impact
cash receipts
. Responsible for managing collections of over $25 million in commission
payments per year for approximately 280 suppliers.
. Maintain a Major Account report for 52 top suppliers for the purpose of
tracking estimated cash receipts of $2.2 million on a monthly basis.
. Maintain a deduction report for the purpose of tracking issues on a
monthly basis for both Field Offices and Management.
. Reconcile all supplier accounts on a monthly basis.
. Research and help resolve brokerage commission issues such as short
payments, deductions, withheld brokerage and rate discrepancies.
. Negotiate payment plans and settlements on disputed commissions.
. CIRCON CORPORATION, Stamford, CT. 1995 -
2001
Manufacturer of medical instruments with estimated sales of $150 million.
Supervisor of Accounts Receivable/Credit 1999 - 2001
Managed collection efforts for Accounts Receivable Department consisting of
5
Account Receivable Specialists and 1 Cash Application Administrator with
receivables of
$30 million and approximately 6,000 accounts.
. Improved Days Sales Outstanding (DSO) from 65-59 days over the past two
years by identifying and analyzing account balances over 90 days old.
. Investigated acquired credit balances over 1 year old and reduced
exposure from $1.5 million to $650,000 within 90 days.
. Negotiated unique one-time payment arrangements at year-end resulting in
a 50% increase in monthly collections meeting corporate objectives.
. Reviewed and controlled the release of approximately 200 orders monthly
for customers who have exceeded their credit limit.
. Prepared 3 composition reports for submission to the Director of Finance
by obtaining and abstracting data from month end Aged Detail Report.
. Edit over 250 purchase orders per month for sales over $4K to validate
appropriate information resulting in a 5%-7% decrease in delinquent
receivables over 90 days old.
. Decreased allowance for doubtful accounts from $1.8 million to $1.2
million over the past two years by identifying and prioritizing high
dollar delinquent accounts.
. Determined credit worthiness for 10-20 potential and established
customers through bank and trade references and Dun and Bradstreet (D&B)
reports on a weekly basis.
. Calculated the reserve for doubtful accounts on a monthly basis for V.P.
of Finance.
Accounts Receivable Specialist/Credit Analyst 1995 - 1999
Responsible for collecting receivables, reviewing and recommending credit
worthiness for potential customers, establishing credit limits and payment
terms for new customers. Compiled and submitted monthly bad debt
calculation to management.
. Responsible for maintaining Accounts Receivables for approximately 1200
accounts ranging from government agencies, domestic hospitals, medical
centers and physicians offices.
. Recommended credit worthiness to management for potential customers
through bank and trade references.
. Reviewed and controlled over the release of 500 orders monthly for
customers who have exceeded their credit limit.
. Researched and reconciled over 150 price discrepancies, short payments
and unapplied payments per month on customer's accounts.
Xerox Corporation. Stamford, CT 1989 - 1995
Manufacturer of office equipment
Financial Specialist/Term Lease Maturity Coordinator
Edited and validated contracts and purchase orders for financed equipment
for Massachusetts, New Hampshire, Maine and Vermont regions. Responsible
for maintaining all term lease maturities for the northeast region.
. Identified and resolved approximately 200 unbilled accounts each month.
. Established over 300 finance contracts databases per month, used for
billing customers, within 72 hours of receiving documentation from sales
region.
. Edited and validated between 250 and 400 contracts and purchase orders
per month for financed equipment within 48 hours of receipt to ensure
proper documentation.
. Authorized and monitored the removal of 250 products per month from
customer's facilities.
. Provided maintenance price quotes to customers within 24 hours of
request.
EDUCATION
B.S., Finance, Quinnipiac College, Hamden, CT 1989
Minor: Accounting
AWARDS
1994 Xerox All Star for 94 performances
1993 Xerox Achievement Award