Gerard Draetta: Credit & Collection Manager in Boca Raton, FL
Gerard Draetta
Credit & Collection Manager
Boca Raton | United States
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Summary
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Activity
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Work experience
Health Eyes Advantage
Credit & Collection Manager | 10/2020 - Current
Manage the day-to-day credit and collection activities of a $320M company with a monthly aging in excess of $27M. Responsible for properly vetting and approving potential new members as well as establishing terms of sale. Created and implemented strategies to reduce company DSO. Communicate with clients to maintain a strong working relationship with the goal of increasing retention. Prepare and discuss monthly reports on department performance for the Director of Finance.
Results:
Created, staffed, and trained new collection department of a restructuring buying group. Oversaw transition from 3 complete and sperate collection complete, separate collection systems into one consolidated enterprise. Successfully reduced company DSO from 68
days to 43 with positive month over trends. Rewrote part of the existing collection policy to reflect proper credit
limits to limit bad debt exposure.
Stimwave Technologies
Contractor | 05/2020 - 09/2020
Developed credit policy for growing health care company with revenues exceeding $250M per year. Negotiated and executed contracts with Dun and Bradstreet as well as Experian Credit Services. Implemented and trained office personnel on newly created policy
Education history
Roger Williams College
Bachelor of Science
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