David Ridge

David Ridge

Credit Manager at Hurley International / Nike Inc.

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Summary

• Managed the Credit functions and oversaw a $50 million accounts receivable balance for a $300 million sporting goods manufacturer and $60 million accounts receivable exposure for a $500 million, 18-site global distributor of books and magazines
• Implemented EDI 810 invoicing and 820 ACH payments with major warehouse club for $180 million distributor which resulted in cash flow improvement of 7 days
• Reduced past due accounts receivable balances by $13 million in 9 months by creating weekly accounts receivable task force meetings to exchange ideas for improving collections efforts
• Implemented proactive account collection, accounts receivable task force and systematic tracking of large dealer deductions which increased cash flow by $10 million over 8 months
• Lowered over 60 day delinquency by more than 43% and chargebacks by $1.2 million during 8 month period by utilizing deduction tracking software and implementing collections processes
• As the Audit team leader, identified and received repayment of $100K in unearned discounts invoiced in error as part of a $1million US Open Surf Classic shipment.
• Decreased days sales outstanding by 100 days and reduced past due accounts by over 43% in 9 months by negotiating balances, setting goals
for collectors and automating order review process
• Collaborated with website consultant to develop and implement e-store site which enabled dealers to submit orders more conveniently and increased monthly billings to 100 by 3rd month
• Centralized electronic data interchange (EDI) and billing functions with 15 key mass merchant retailers to streamline 18 sites to one central location for posting payments while approving write-offs to ensure compliance and decreasing past due balances
• Managed, mentored and motivated a staff of 55 credit and collection analysts, managers, supervisor and administrative support plus conducted semi-annual and annual performance evaluations.
• Implemented the Carixa/Smyyth Solutions Credit Management module, an interactive web application for automated credit scoring new wholesale accounts and the DMA automated Reseller certificate program
Director of credit and collections management with over 10 years experience and strong experience in managing people, building effective teams and lowering accounts receivable balances
• Superior knowledge of economic and accounting principles, financial markets, banking, financial analysis and reporting including accounts receivable month-end close and bank borrowing reporting
• Exceptional written and verbal communication skills to effectively convey complex information and ideas to individuals and groups from diverse backgrounds and at all organizational levels
• Excellent organizational and time management skills to effectively handle projects and tasks while maintaining quality and accuracy while adhering to strict deadlines in a fast paced environment


TECHNOLOGY
• Proficient in Microsoft Word, PowerPoint, and Excel – Crystal Reporting & Emagia Deduction Manager
• Highly skilled in Oracle / JD Edward, Microsoft Dynamics / Solomon 7, MAS500, Full Circle
• Experienced in electronic data interchange (EDI) and automated clearing house (ACH) financial networks

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