Management Executive
Resume:
EXECUTIVE PROFILE
• Operational Excellence • Business Acquisitions • Business Integrations
• Business Startups • Revenue Management • Business Development
• BPO Outsourcing • Vendor Supply Chain • Process Improvement
• Procurement • Human Relations • Accounts Payable An accomplished motivating resourceful executive and strategic leader that through combining business acumen, technological expertise, organizational aptitude, human relations management and analytical expertise, has been able to promote substantial growth and profitability to high-profile organizations. Broad scope of experience incorporates excellence in operations management, cross-functional and multi- level team direction, consumer and commercial solutions, BPO outsourcing, process improvement including 6 Sigma, business development, business integration and supply chain management. Experience includes strong presentation skills, financial reporting, project management, operating budget management and excellent hiring achievements, that have resulted in cost savings in excess of $100 million, productivity improvements in excess of 50% and optimal cash management. PROFESSIONAL EXPERIENCE
Private Consulting Executive Consultant 2017 - Present Kansas City, Missouri
An executive leader in providing consulting relative to best in class shared services operations. A finance leader in the areas of Accounts Receivables, Accounts Payable leading to effective balancing of Days Sales Outstanding
(DSO) and Days Payable Outstanding (DPO). Proven leader in business start-ups, business and system integrations, cost savings and process improvements. Experience in strategic planning and analysis, project management, management oversight, leadership development, providing guidance, problem solving and excellent communication skills with a keen sense for insuring confidence, compliance, intellectual insight, attention to detail, financial acumen, service delivery and leadership support. Also experienced in balance sheet and financial statements relative to reviews and working with internal and external auditors. YRC Worldwide Vice President Cash Management 2010 - 2017 Overland Park, Kansas
Executive leader responsible for defining the strategic direction and the day-to-day management of 400+ employees responsible for the YRCW $0.6 billion in open accounts receivable (order to cash); $1.6 billion in Accounts Payables, Corporate Procurement and Contract Administration. This position was designed around the effective management of cash in and out of the organization. Improved ending Accounts Receivable Aging and improved Days Payable has provided YRC more than $200 million in open cash over the years. In addition, I have lead numerous cost saving initiatives across the enterprise that resulted in excess of $100 million in cost savings to the organization. Executive sponsor for the International (India/Philippines) BPO operations that supported the back office outsourced functions for YRCW. Managed multiple system integrations including Oracle, Coupa, Dun and Bradstreet Credit Software and GetPaid Collection Software. Consolidated multiple business operations while managing the establishment of new business centers including working with state and local municipalities. Using cross functional team leadership and process management, led the company to industry leading DSO. F. JOSEPH (JOE) WHITSEL III
1229 W. 62nd Street • Kansas City, MO 64113 • 913-***-**** (C) • **********@***.*** F. Joseph (Joe) Whitsel III
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YRC Worldwide Vice President Revenue Mgmt. 1999 - 2010 Overland Park, Kansas
Vice President Business Integration
Responsible for defining the strategic direction and the day-to-day management of 400-700+ employees responsible for the YRCW open accounts receivable which has ranged between $0.5 and $1.2 Billion. This encompassed providing integration and day-to-day leadership direction in all areas of receivable management for the entire order to cash process. Responsible for the multiple business integration requirements for this area as Yellow Transportation acquired and assimilated the revenue of the Roadway $3.5 Billion (332 locations), USF Holland $1.4 Billion (75 locations) and USF Reddaway $ .6 Billion (67 locations) portfolios. Led the business integration of the merging of the Yellow and Roadway organizations into the single YRC organization for the Revenue Management Domain which include the areas of: Rating, Billing, Pricing, Invoicing, Credit and Collections, Risk Management, Data Entry, Imaging, Weight and Research, and Payment Processing. In the end, this integration has provided the framework to reduce annual cost in excess of $200 million, reduce business locations 36% (695 locations to 447) and reduce the employee base 18% (51,000 to 42,000) all the while driving a 7.3 day reduction in days sales outstanding. GE Capital - Montgomery Ward Director Operations Analysis 1997 -1999 Merriam, Kansas
Responsible for leading and managing $160+ million in annual operating expenses and $400+ million annual credit card losses for this $3.8 billion portfolio. This position was the senior finance leader / comptroller responsible for all financial / operational issues related to this multi-site 1200+ employee business. Responsible for reviewing trend analysis, identifying opportunities and implementing financial process improvements. Facilitated the sale of $500 million in previously written off accounts to third party companies in 1997 which yielded $27 million in net income. Directed the financial analysis and led the consolidation of three collection sites to one and the outsourcing of collection work volume previously performed by 460+ associates. GE Capital Transportation Services Vice President Client Services 1993 -1997 Atlanta, Georgia
Responsible for the establishment of the credit and account management operations of a newly created GE Capital multi-million-dollar business whose primary focus is providing freight cost management services for small to mid- size third party businesses. Developed and implemented all financial controls, policies and procedures for this newly created business. Additional responsibilities included the design, implementation and continual enhancement of the credit receivable database, and the leadership of the areas of customer service, account implementation, credit / risk department, collections, billing, accounting, telecommunications, systems and payment processing. GE Capital Macy’s Credit Services Managing Director Operations 1991 -1993 Cincinnati, Ohio
Responsible for the creation and startup of the Macy’s Credit Services finance operation. This included the functions of general accounting, financial analysis, cash management, general ledger controls, and bank regulatory reporting. Responsible for hiring all associates and the establishment of all financial operating controls, policies and procedures. Trained all associates on the Macy’s and GE Capital receivable systems and lead the conversion of the $1.5 billion Macy’s portfolio to the GE Capital receivable system. During my tenure in this position, the GE audit staff rated the finance organization, the number one finance organization in GE Capital. Duties were ultimately expanded to include the leadership of the following areas: operations, finance, training, quality, consumer affairs, telecommunications and bank regulatory reporting.
F. Joseph (Joe) Whitsel III
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GE-Montgomery Ward Credit Corp. President 1988 - 1991 Las Vegas, Nevada
Responsible for the creation, consolidation and start up, as well as the day-to-day management, of the finance organization. This included the functions of general accounting, cash management, general ledger controls, and financial operations and analysis. Lead the conversion of the $3.5 billion credit portfolio from the Montgomery Ward system to the GE Capital receivable system (largest system conversion in GE Capital history). During my tenure in this position, the GE audit staff rated this organization the number one finance organization in GE Capital. Montgomery Ward Various Senior Management Roles 1981 - 1988 Chicago, Illinois
Responsible for the staffing and productivity evaluation of twenty-six credit centers and their ultimate consolidation to six national credit centers prior to the GE Capital acquisition of the credit portfolio in 1988. Leadership responsibilities during this period at times exceeded 175+ associates. PROFESSIONAL ACHIEVEMENTS
2015
1999-2017
Recognized in a CFO.com article (YRC 'Lives Another Day' Thanks to Revenue Collection) for contribution to the company
Officer – YRCW, Yellow Freight System
1994-1997 Officer - GE Capital Transportation Services 1991-1994 Board of Directors / Officer - Monogram Bank USA - A GE Capital Company
1981-1998 GE Capital Executive Management Awards and Stock Options for Outstanding Achievement
EDUCATION
1986 Loyola University
Chicago, Illinois Master of Business
Administration Degree in
Finance
1981 Millikin University
Decatur, Illinois
Bachelor of Science Degree in
Marketing
CHARITABLE INVOLVEMENT
1999-current United Way
2003-current Midwest Ear Institute (Acoustic Neuroma Foundation)
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