Ed Cassidy

Experience

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  Allegheny Ludlum Steel

  Jan 2006 - Mar 2008

  Credit and Collections Manager

  I assumed control of a team of four Credit Analysts, accepting full responsibility for their training, development, and performance in handling the credit/collection operations of over $350M in monthly receivables.Key Achievements/Contributions:Led the implementation of credit & collection and deduction management enterprise applications that resulted in a 35% increase in cashflow and reduced deduction write offs by 50%.Evaluated and tracked the working capital impact to the company by reducing specific customers' payment periods and degrees of deliberate payment.Designed all formal company international and domestic credit processes & procedures to govern areas such as cash management and deduction management.Made final determinations on the financial risk posed by customers and for customer service or sales issues with the potential to significantly impede the ability to achieve a favorable resolution. Liaised directly with the Vice President of Finance to present financial forecasts and reports. Show less

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  Wheeling Pittsburgh Steel/Severstal Wheeling

  Mar 2008 - Aug 2009

  Director of Corporate Credit

  I directed the domestic and international corporate credit operations worth over $3B in revenues and spearheaded improvements that spurred exceptional sales volume and profit growth while generating prompt turnover and mitigating risks to the accounts receivable portfolio.Key Achievements/Contributions:Increased profitability by 25% while performing the role of line of business "CFO" spearheading improvements in areas such as operations, pricing, contract management, and accounting.Shared insights with corporate leadership instrumental in formulating credit objectives, policies, plans, and programs that led to an increase of 20% to the borrowing base.Held full accountability for all audits and ensuring compliance with relevant regulations and laws.Designed and established a strong set of internal control procedures and protocols. Show less

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  Pittsburgh Glass Works

  Sept 2009 - Apr 2018

  Director of Credit Services

  Operational lead and driving force behind a high-performance accounts receivable, financial analysis, billing, and treasury team of 25 executing the extensive credit/collection efforts and other vital accounting functions for a massive multibillion dollar portfolio covering over 7,500 clients both domestically and internationally. Promoted to Director of Credit in recognition of achievements in various director-level roles.Instituted metrics to support business unit planning and performance - monitoring performance of 110 business units, and preparing and presenting the results to Executive Board monthly.Participated in business planning through Value Stream Mapping processes, presenting improvements; and streamlining business opportunities. Supply ongoing support and follow-up on goals set and initiatives established.Responsible for the growth profitability of 110 business units across the United States increasing their profitability to an average of 45%.Analyzed acquisition opportunities, and prepared / presented analysis to the Board of Directors for final decisions.Instituted a series of improvements that reduced bad debt write-offs to less than 1%, slashed overhead costs by 45%, and generated a 30% increase in cash flow.Refined billing procedures to enhance efficiency that directly improved profitability by 20% and led to the company achieving the #1 ranking in the eastern region.Architected the international Order to Cash process including inventory control, revenue recognition, invoicing and credit procedures and more that has generated a 25% increase in monthly cash flow.Expertly forecasted markets, analyzed emerging trends, and created comprehensive strategic plans based on models.Collaborate with external auditors each quarter while ensuring operations comply with Sarbanes-Oxley Act and local regulatory requirements. Partner with the Finance Director to compile and develop quarterly balance sheet reviews. Show less

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  Safety-Kleen

  Aug 2018 - Mar 2019

  Director of Credit & Collections

  Order to Cash lead and driving force behind a high-performance Accounts Receivable, Treasury and Billing Order entry and operations teams executing the extensive credit/collection efforts and other vital accounting functions for a massive multibillion dollar portfolio covering over 200,000 clients domestically. Refined existing billing procedures to enhance efficiency that has directly improved profitability by 15% within a 3-month period.Architected the national Order to Cash process including inventory control, revenue recognition, invoicing & credit procedures, and more that has generated a 20% increase in monthly cashflow. Show less

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  PPG Architectural Coatings

  Apr 2019 - Dec 2023

  Credit Manager

  As the proven Manager of Order to Cash I have been responsible for the successful day-to-day operation of the Global Order to Cash Processes and strategies. Continually partnering with the cross-functional leaders to execute an ever-improving OTC process. Directly building and operating the Credit Service functions delivered as-a-service from over 650 architectural coatings stores and 250,000 clients worldwide. Accountable for designing people, process, and technological standards in regard to end-to-end process at Global scale. Established and maintained a control environment within all aspects of the Order to Cash Process Globally. Proven Credit Management, G/L Accounting, and Intercompany Accounting, creating and complying to best-in-class practices. Responsible for the integration of acquired business and separation of divestitures. Ensured development and implementation of standards that support the business needs.Automated existing credit procedures to enhance efficiency that has directly improved % current by 20% in under 2 years.Restructured the customer service, internal credit and collections and external 1st party staff improving workflow and efficiency. Provide Advisory, Reporting Compliance with input into key accounting policies.Develop and maintain accurate operational procedures greatly reducing cost.Manage and resource the Transformation and improvement of all initiatives across end to end processes through the Value Stream Mapping process. Show less

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  L B Foster Company

  Mar 2023 - now

  Senior Credit Manager

  Senior Credit and Collections Executive over The Rail and Structural service industries.