Ed Buchanan

About Ed Buchanan

A highly motivated result driven Credit Executive with a multi-faceted credit…

Experience

1. Director of Credit and Collections

   Trulite Glass & Aluminum Solutions

   Aug 2014 — Present

   Responsible for the credit and collection function of a $500 million commercial glassand aluminum manufacturer, managing a $65 million a/r portfolio consisting of national accounts, large public and private construction projects, independent general contractors, and smaller wholesale and retail architectural glass customers. Implemented and developed new job functions and descriptions while implementing a departmental reorganization. Streamlined job account setup, cash application and lien waiver processing. We were selected to be part of the management team to relocate the corporate offices from Florida to Georgia in early 2015.We managed the accounts receivable integration of two acquisitions while reducing 60-day delinquencies by 30% or $5 million. DSO has been reduced from 57 days to 46 days and bad debt write offs have been reduced from a high of $2.3 million to less than annually.Significant areas of accomplishment:• Hiring and training of multi-location staff members• Developed job descriptions and process flow for critical processes• Established Risk guidelines for construction project management• Developed credit reporting tools and analytics• Automated cash application and invoicing• Established written credit policy and procedures• Reduced bad debts by implementing risk management policies • Reduced 60-day delinquencies by 30%• Helped relocate corporate offices to Georgia

Education

• East Tennessee State University

  BBA

Skills

• Business Process Improvement
• International Credit
• Credit Management
• Forecasting
• Managerial Finance
• Analysis
• Transportation
• Business Development
• Sarbanes-Oxley Act
• Logistics
• New Business Development
• Leadership
• Contract Negotiation
• Sales Operations
• Customer Service
• Strategy
• Cost Management
• Accounts Receivable
• Letters of Credit
• Cross-Functional Team Leadership
• Business Strategy
• Process Improvement
• Cash Management
• Inventory Management
• Executive Management
• Operations Management
• Negotiation
• Financial Analysis
• Software Project Management
• Cash Flow
• Financial Reporting
• Budget
• Sap
• Account Management
• Change Management
• Team Leadership
• Erp
• Strategic Planning
• Accounting
• Vendor Management