Mary Ann Schreiber Oakland Gardens, NY *****

Home 718-***-**** Cell 646-***-**** E-mail adcu5e@r.postjobfree.com

PROFESSIONAL EXPERIENCE

Brink's Global Services USA Inc., New York, NY January 2019-June 2019

Collections Manager Consultant

Responsible for the management and oversight of all internal control systems and ensure company accounting procedures conform to general accepted accounting principles. Act as lead contact for coordination with internal/external auditors and responsible for internal control and SOX requirements.

Work closely with Senior Director of Finance in responding to timely requests, ad for projects and reporting needs to support business.

Work closely with billing manager as it relates to the measurements of commercial initiatives and product line and client profitability.

Work with delinquent clients to reach suitable arrangements to restore accounts to current states. Utilize effective skills and persuasion to resolve negative situation. Assist with complex and sensitive activities.

Work collaboratively with the cash application team to ensure all funds are properly and promptly allocated.

Conduct periodic services of exciting policies and procedures to ensure maximum efficiency and service delivery

Responsible for reporting all outstanding receivables to senior management on a monthly and a quarterly basis.

Establish weekly, monthly and quarterly collection goals for a staff of twelve collections analyst.

Develop and implement new A/R standards and procedures to advance company performance, maximize cash collections and maintain an acceptable level of bad debt losses.

Tradeweb Markets LLC, New York, NY February 2017 – December 2017

Global Accounts Receivable Consultant

Oversee AR and collection processes across all global Tradeweb business lines in order to improve collections and enforce a comprehensive credit and collection policy.

Responsible for reporting all outstanding receivables to senior management on a monthly and a quarterly basis.

Assist Finance Department in month end closing and devising audit control procedures.

Interact daily with clients in order to reconcile invoice/statement discrepancies.

Manage the timely recording of cash receipts against open receivables balances in the general ledger.

Develop and implement new AR standards and procedures to advance and improve company performance.

Minimize Tradeweb’s exposure to bad debt.

Facilitate resolution of discrepancies with customers and the Sales Department.

Assist with reconciling unapplied cash.

Meet cash forecasting expectations along with industry standards of day’s sales outstanding payment trends.

GFI Group Inc., New York, NY February 2008- October 2016

Global Accounts Receivable Director

Managed a team of 30 Credit Analysts in New York (head office), London, Paris, Sydney, Nyon, Dubai, Tel Aviv, Singapore, Korea, Manila and Hong Kong. These analysts supported all GFI businesses as well as GFI subsidiaries including Kyte Holdings and Star Supply Brokers LLC.

Consolidated 3 AR departments into one; Recruited, hired and trained all AR staff.

Developed and implemented new AR standards and procedures to advance company performance, maximize cash collections and maintain an acceptable level of bad debt losses.

Prepared and filed month end and quarterly reports; represented the department at board meetings and presented AR numbers used for quarterly public filings.

Reviewed and approved all processed invoices, credit memos, and cash receipts ensuring their accuracy, distribution, and delivery in a timely manner to all customers, i.e. Banks, Hedge Funds, Gas and Oil Companies, etc.

Successfully reduced the DSO (day’s sales outstanding) by 50 days in order to meet the Board’s required target of 38-42 days.

Managed the monthly reconciliation of other AR related accounts (unapplied cash, unclaimed credits and withholding tax).

Produced monthly metrics for individual AR regions to include cash targets, unapplied cash targets, and 60+ days’ outstanding targets.

Facilitated an Oracle system implementation within AR.

Improved efficiency of the invoicing process by implementing strict deadlines of 3 or less business days reducing distribution time by 10+ days.

Built and fostered trusting relationships with internal and external clients (Board Members, Internal Audit, SOX, external Accountants, Corporate Controllers and CFO’s of financial institutions) ensuring the accuracy of billing and AR-related information; These relationships helped optimize the promptness with which payments were dispatched to GFI.

Interfaced with Desk Heads, Middle Office staff, and Brokers to review trades and contracts associated with invoices. This communication further ensured accuracy of information related to commission billing.

IPC Information System, New York, NY August 1984-December 2006

Global Manager of Credit and Collections (1995-2006)

Directly responsible for monitoring the two AR divisions (IX Net. and IPC) covering all of North America, Canada and London.

Led, coached and guided global staff of 35 Collections Analysts to foster a cohesive team environment.

Direct ownership for the monthly AR close process including reconciliation of the AR sub-ledger to the General Ledger.

Prepared weekly, monthly and quarterly AR activity reports, and cash flow reports.

Provided weekly and monthly portfolio analysis to Senior Management, identifying possible risk issues.

Assisted CFO in cash management, preparation of monthly financial statements, accounts control and year-end accounting/audit preparation.

Effectively targeted and controlled cash flow requirements as set by corporate discipline and guidelines.

Developed and instituted global credit policies and guidelines as well as a global credit approval process in co-ordination with inventory distribution efforts deterring fraudulent activities.

Established weekly, monthly and quarterly global collection goals for each Collections Analyst.

Conducted performance evaluations to include: administering salary increases, bonuses and promotions.

Credit and Collections Manager, Domestic and International Accounts (1991-1995)

Responsibilities included the monitoring of delinquent accounts (30+ days) and total aging’s over the sum of 275 million dollars in receivables coming from 14 district offices throughout the United States and 7 international offices.

Instructed global AR staff of 30 Analysts on how to enhance newly introduced global credit and collections policies and procedures that I was tasked to develop and implement.

Responsible for gathering DSO, unapplied cash totals, bad debt, final cash totals vs. month-end targets, and individual staff performance to generate weekly, monthly and quarterly reports that were presented to Senior Management, the Board and outside auditors.

Performed monthly and semi-monthly closings and balanced subsidiary ledgers.

Succeeded in reducing bad debt, lowering turnovers and increasing recoveries by 25%.

Conducted performance evaluations to include: administering salary increases, bonuses and promotions.

Interfaced with customer and sales/service staff that resulted in improving relations, retaining and generating new business.

New York Credit and Collections Manager (1987-1991)

Responsibilities included accountability of all journal entries.

Managed a team of 10 Credit and Collections Controllers.

Performed transaction analysis of account events that took place monthly; summarized findings and created forecasting reports that were used in analysis packages submitted to Senior Management.

Attended weekly meetings held by CFO and COO to review weekly cash flow and any relevant issues for the Credit and Collections Department.

Good working knowledge of IPC systems, services and operating procedures.

EDUCATION

La Guardia Community College. New York, NY

A.A.S. Accounting with applications in Data Processing

COMPUTER SKILLS

Working knowledge of Microsoft Office

Working knowledge of Oracle Financial Systems

REFERENCES AVAILABLE UPON REQUEST

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