Gerard Draetta: Credit & Collection Manager in Boca Raton, FL

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.

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