Accounting Manager; Controller
Resume:
Al Gerstein
Plainview N.Y. ****3
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SUMMARY
Motivated team player with extensive Management / Financial experience.
Proficient in asset / risk management, bad debt and delinquency reduction.
Career Accounts Receivable and Credit Collection Manager
• Implemented, managed and directed Credit, Collection and Accounts Receivable policies and procedures with a $20M portfolio comprised of 2500 customers
• Directed credit, collection and accounts receivable function of $900 million parent and twelve subsidiary jewelry wholesale companies
• Reorganized the Credit Collection process for profit maximization
• Directed and controlled cash application staff
• Developed Accounts Receivable check scanning process for in house bank deposits
• Analyzed customer financial statements to eliminated high risk situations and manage vendor accounts
• Reconciled accounts minimizing charge backs and deductions
• Decreased level of past due receivables days of sale outstanding
Negotiated, managed and controlled Accounts Receivable Credit Insurance Policies,. Dun & Bradstreet contract and all credit reporting agency contracts
Controlled bank notes receivable and discounted notes according to cash flow needs
Monitored cash management, wire transfers and bank deposits.
Analyzed and projected seasonal cash flows, monthly collections and anticipated sales.
Developed successful market strategies and new business opportunities for profitable and financially distressed companies in the jewelry and mass merchandise business.
Negotiated legal fee schedules. Reviewed all legal documents submitted by Attorneys, and monitored case progress.
Secured Uniform Commercial Code filings for all memorandum merchandise in accordance with Article 9 of the UCC.
Initiated Consignment Agreements, reconciled inventory against reported sales.
PROFESSIONAL EXPERIENCE
Independent Accounts Receivable and Credit Consultant 2009 - Present
Tache USA Inc., Long Island City, NY 2007 - 2009
M. Fabrikant & Sons Inc., NY, NY 1982 - 2007
Al Gerstein Page 2 of 2
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EDUCATION
City University of New York - Baruch College
New York Institute of Credit
PROFESSIONAL AFFILIATIONS
Director - Jewelers Board of Trade
Member - N.Y. Credit & Financial Management Association
Member - N.Y. Institute of Credit
Member - Federation of Credit and Financial Professionals
Former Arbitrator - American Arbitration Association
OTHER SKILLS
Represented the company at trade shows, industry events and seminars
Proficient in Microsoft Word and Excel. Knowledge of Microsoft Navision
Active motivator, supervisor and trainer
Recruited and trained department staff
References are available upon request.
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