Accounts Receivable Credit Analyst
Resume:
Edward Jozak
**************@*****.***
KEY SKILLS
•SAP
•Credit Safe
•MS Excel/Word/Access
•JD Edwards
•Business Objects
•E-credit (scorecards)
•EDI
•Paybase/Bottomline
•EFT
•MS13
•Equifax
•Credit Card Portal Systems
•UCC’s
•Dun & Bradstreet
•Report2Web
•Access
WORK EXPERIENCE
Kyocera-
Assistant Credit Manager
7/2023- 6/2024
●Regularly reviewing the AR aging report and initiate collection efforts by phone or email to secure payment.
●Determining the necessary action to assist the dealers in getting the invoices.
●Interfacing with Customer Service, Sales administration, and the regional sales force.
●Interface with the Accts Receivable staff regarding cash applications, account reconciliation and short paid invoices.
●Continuously review reports daily such as the CWO and Third-Party unpaid reports to ensure that CWO invoices are paid within 7 days and third-party invoices are paid within 30 days from invoice date.
●Effectively negotiate payment plans with dealers and ensure that the plan is adhered to.
●Prepare legal referrals for past-due accounts as needed.
●Ensure that updated dealer financial statements are reviewed on a yearly basis or as needed by management.
●"Spread" the statements by entering the financial data on the financial ratio worksheet.
Crestron Electronics- 1/2022-7/2023
Senior Credit Analyst
●Manage business unit accounts receivable ledgers and perform all account reconciliations.
●Addresses all receivable disputes and collections on related past due items.
●Researches, investigates documents and establishes customer credit limits by collecting, reviewing, and analyzing financial data on new and existing customers.
●Monitors customer financial health and reports to business unit management changes in customer risk exposure while monitoring reports on industry trends in accounts receivable.
PELLA CORPORATION, West Caldwell, NJ 09/2019 –4/2021
Senior Credit Analyst
●Manage and establish credit limits for new and existing customers.
●Recommend, communicate, and implement procedures and policies based on best practices to ensure risk mitigation and objectives are achieved.
●Responsible for maintenance and review of credit terms for all customers in systems (PQM, OMS, PSI).
●Analyze credit risk, collection activity, AR aging schedules, DSO, and sales volumes to determine changes to credit limits.
●Minimize company bad debt experience and exposure.
●Provide recommendations to base credit extension decisions.
●Drive continuous improvement activities including consistent processes.
●Ensure all information is obtained to mitigate risk prior to orders being released for purchase and delivery.
●Lead training activities for the sales teams for all sales subsidiaries (Wells Fargo and PCI compliance).
●Liaison between sales team and Wells Fargo consumer financing program to ensure compliance of agreement and laws.
●Responsible for development and maintenance of adequate internal accounting controls.
BALDOR SPECIALTY FOODS, Bronx, NY 04/2019 – 09/2019
Accounts Receivable Supervisor
●Managed over 1,000 accounts including high volume of sub-accounts.
●Ensured team members met goal of 55+ collection calls on a daily basis and provided ongoing performance coaching and training.
●Arrange for debt repayment or establish repayment schedules based on customer’s financial situations.
●Reviewed aging reports on a weekly basis.
●Analyzed account trends to foresee any potential issues.
●Continually built customer relationships to understand their business needs.
●Resolved unpaid balances and advised customers of action steps and useful strategies for repayment.
BENJAMIN MOORE & CO., Montvale, NJ 02/2016 – 02/2019
Area Credit Manager
●Managed a $50 million monthly portfolio consisting of Great Lakes $20 million and Northeast $30 million while reducing annual DSO hy 2 days.
●Ensured compliance with all company and departmental policies and procedures.
●Ensured proper execution of legal documents Security Agreements, UCC Filings, Personal Guaranty’s, Business Agreements, and accounts placed on reserve and bad debt write-offs.
●Implemented and managed the conversion of Dunn & Bradstreet to Credit Safe which saves the company $20,000 annually.
●Managed collection of accounts receivable and payment plans where applicable.
●Reconciled customer claims, disputes, chargebacks, unearned discounts, unapplied cash.
●Counseled customers on retail best practices with a focus on the financial aspect of the business.
●Analyzed, facilitated, approved, or disapproved new stores, branch stores, and changes in ownerships.
●Engaged in the approval process of Business Agreements and Marketing Development funds.
DIAGNOSTICA STAGO, INC., Parsippany, NJ 06/2013 – 02/2016
Credit and Collections Supervisor
●Managed a monthly portfolio over $20 million dollars with over 1,600 accounts and supervised 3 Credit Analysts.
●Responsible for their development and create an environment to help motivate them to optimize their performance and professional growth.
●Implemented and managed a new Credit Card Portal System with a monthly cost savings of over $40,000 and an average yearly savings of $500,000.
●Implemented and managed several installs of customers converting to EDI.
●Reduced over 120+ from $1.2 million to under $400 thousand by achieving motivational targets set by management and reduced Annual DSO from 50 days down to 42 days.
●Created a credit risk management environment of an acceptable quality, in terms of established credit guidelines.
●Negotiated payment programs with delinquent customers.
●Developed processes and procedures for evaluating customer financials and setting and changing credit lines, as well as credit holds.
U.S. FOODS, Perth Amboy, NJ 01/2012 – 03/2013
Credit Manager
●Managed a monthly portfolio over $60 million dollars with over 4,000 active accounts.
●Managed and assisted collectors with maintaining their aging satisfactory and responding to request for advice on problematic accounts resulting in reducing DSO 2 days within 6 months.
●Reduced over 90 DPD from $2 million to under $1.5 million by achieving motivational targets set by management.
●Exceeded Quarterly goals to reduce average DSO from 28 to 26.
●Resolution of Chargebacks - Worked closely with Account receivables on chargeback issues, responsible for all stages of resolutions within targeted periods.
●Determined new and existing customer’s credit worthiness through various credit reporting agencies, such as D&B, Experian and NJ Report while supervising 6 credit analysts.
DIAMOND CHEMICAL, INC., East Rutherford, NJ 02/2011 – 01/2012
Accounts Receivable Supervisor
●Managed a monthly $5 million portfolio 400 accounts and performed all Chargeback functions.
●Within 6 months, reduced collection percentage by 10% and lowered DSO by 8 days.
●Maintained an average weekly collection of $850,000 to $1.1 million.
●Key Team Member in the conversion of the AR system to JD Edwards.
●Performed all Chargeback functions within the department.
●Reviewed customers on hold for credit, searched account for outstanding invoices.
●Reviewed D&B ratings, checked credit references, and obtained sales/tax and exempt/resale certificates.
●Processed Credit Card, performed Customer Billing Review, prepared cash deposit when received.
●Review and process all debit/credit memos to reflect balance of accounts.
●Reviewed all State of NJ Contracts, invoices, complete payment vouchers.
●Reconciled accounts with short pay in a timely manner (3 days max).
●Submit invoices for payment when vouchers are required in the State of NJ only.
●Reviewed credit limits on all accounts and maintained Aged Trail Balance as needed.
BP LUBRICANTS USA, INC., Wayne, NJ 01/2001 – 01/2011
Senior Credit Analyst / Supervisor
●Managed a monthly $70 million portfolio of 5,000 accounts.
●Supervised 5 credit analysts and assisted other Credit Department team members.
●Maintained a (Days Sales Outstanding) of less than 49 days while achieving a delinquency rate of 94%.
●Project Management - Implemented, managed, and maintained the EFT Direct Debit System and e-credit, which dramatically improved the efficiency of the collection by over 20%.
●Executed all credit and collection activities for wholesale, distributor, installer, OEM, and third-party accounts such as Exxon, Chevron, BMW.
●Entered Balance Sheet and P&L information in the Decision Desktop Risk Assessment Tool to determine degree of risk involved in extending credit.
●Reviewed all Trade Loans for assigned accounts and assisted the Director on Mega deals over $500,000.
●Made personal visits to customers to review operations and financial conditions, resolve delinquency issues, and Trade loans valued at $1 million.
●Performed collection follow-up on delinquent receivables for designated accounts using e-credit Rapid Collect which reduces collection over 20%.
BECTON DICKINSON COMPANY, Franklin Lakes, NJ
Credit Analyst
●Managed a $200 million receivable portfolio monthly totaling 3,000+ accounts, mentored three collection representatives. Reviewed and released approximately $1 million worth of orders daily.
FUJI PHOTO FILM, USA, Carlstadt, NJ
Assistant Regional Credit Manager
●Managed a Receivables Portfolio averaging $15 million monthly that consisted of over 1,000 accounts.
UNION CAMP CORPORATION, Wayne, NJ
Credit Representative
●Managed a 500-account portfolio of $10 million. Supervised a Credit Assistant.
EDUCATION
Bachelor of Arts (BA) Liberal Studies-Social Science
William Paterson University, Wayne, NJ
CERTIFICATIONS
Financial Statement Analysis, New York Institute of Credit
Credit, Collection, and Financial Management, American Management Association
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