Melody DENNYS, CCP

Experience

• 

  Signature Aluminum Canada (Purchased Bon L Canada Inc.)

  Jul 1988 - Jun 2010

  CREDIT MANAGER

  Maintained A/R investment, with aggregate balance of $15 million while reducing DSO.Successfully kept bad debt losses to record lows for a consecutive ten-year period at .10 to .20% of sales.Maintained 2000 active accounts in Ontario, Quebec and the US.Liaison between Finance, Production and Sales departments to maximize sales market share and profit.Have established strong relationships with our customers. Work with marginal accounts while assessing their financial position for future business.Designed and prepared all credit department forms for external and internal use.Review customer accounts using financial statements, supplier references, D & B and reports. Utilize various forms of guarantees, in order to secure business of higher risk accounts. Show less

• 

  Bon L Canada Inc. (Purchased Reynolds Extrusion Company)

  Jul 1988 - Jun 2010

  CREDIT MANAGER

  Maintained A/R investment with aggregate balances of $20-30 million with annual sales in excess of $350 million.Established a strong rapport with Corporate clients.Worked with marginal accounts while assessing their financial position.Reviewed credit applications, using D & B, RAM, supplier references, bank references, internet, financial statements.Setting credit limits and approving payment terms.Improved cash flow management and increased EPA by reducing A/R balances.Regular meetings with Senior management to review past due accounts, collection action, cash-flow projection, bad debt items and critical issues with clients.Liaison between Finance, Production and Sales departments to maximize sales market share, determine credit risk and profitability of potential clients. Show less

• 

  Reynolds Extrusion Company

  Jul 1988 - Jun 2010

  CREDIT MANAGER

  All functions related to Credit Management, Reducing Bad Debt, Collections, Improving DSO.

• 

  Flags Unlimited Corporation

  Aug 2011 - Jun 2012

  CREDIT & COLLECTIONS CO-ORDINATOR
• 

  G & L Group of Companies

  Jun 2012 - Jun 2013

  CREDIT MANAGER

  Responsible for the Credit and Collection of 5 companies under the G & L Group Companies.Improved the overall DSO of receivables. Created A/R deduction spreadsheet to analyze and resolve outstanding items. Reviewed credit application of new clients and existing clients and recommened credit lines.Formalized credit policy, streamlined credit approval process and worked closely with customers to resolve issues. Effectively communicated with all departments to improve our processes for invoicing and resolution of deductions. Updated all customer accounts in computerized systems. Recommended internal controls with new computer system. Prepared weekly A/R reports. Show less

• 

  CANPLAS INDUSTRIES LTD.

  Jun 2013 - now

  • CREDIT MANAGER

    Jan 2017 - now

  • ACCOUNTS RECEIVABLE & COLLECTION ADMIN.

    Jun 2013 - Jun 2017