Michele Schoppmann
Deerfield Beach
Summary
Dynamic Accounts Receivable Manager with a proven track record at Sunrise Sports and Entertainment, achieving a DSO of under 40 days. Skilled in NetSuite and cash flow forecasting, I excel in credit management and effective communication, driving collections, and minimizing overdue accounts while enhancing financial stability. Strategic in financial management, I thrive on maximizing productivity and efficiency in task completion. Skilled in budgeting, risk assessment, and strategic planning. Excel at communication, problem-solving, and leadership, ensuring seamless operations and team synergy.
Overview
25
25
years of professional experience
Work History
Accounts Receivable Manager
Sunrise Sports and Entertainment
Sunrise
03.2012 - 07.2023
- Company Overview: Florida Panthers Hockey Club, FLA Live Arena.
- Managed the collection of receivables for the parent company and subsidiaries, processing payments via check, credit memo, EFT, and ACH.
- Oversaw the daily posting of cash receipts, ensuring alignment with the bank balance and general ledger.
- Implemented a new financial software module (NetSuite), improving the management of supplier accounts, and reducing billing discrepancies.
- Maintained overdue accounts receivables at a minimum of 2%, achieving Days Sales Outstanding (DSO) of under 40 days.
- Collaborated with suppliers and internal teams to resolve account disputes, ensuring accuracy in billing, and prompt payment application.
- Assisted in monthly and year-end closing by generating receivables reports and providing insight into aged accounts for management.
- Developed and executed credit policies and procedures, adjusting credit limits as needed, based on payment trends and financial data.
- Monitored supplier accounts to maintain balances under 60 days, resolving claims and discrepancies promptly.
- Awarded 'Hero of the Month' for outstanding performance in January 2013.
- COVID Accomplishments: Streamlined the accounting staff’s remote working policies, ensuring continued efficiency and meeting deadlines, despite reduced revenue.
- Worked closely with the CFO to manage cash flow during the pandemic, safeguarding the financial stability of the company.
- Florida Panthers Hockey Club/FLA Live Arena
Accounts Receivable Credit and Collections Manager
International Bedding Corporation
Fort Lauderdale
03.2003 - 01.2012
- Managed a team of eight in charge of collections, dispute resolutions, and credit assessments for major mattress retailers, including Big Lots, Sleepys, and Tempur-Pedic.
- Reduced DSO from 58 days to 35 days, minimizing bad debt loss to under 0.01%.
- Conducted an in-depth analysis of customer credit risks and payment trends to determine appropriate credit limits and terms.
- Worked closely with legal and third-party agencies to manage collections, maintaining strong relationships to ensure prompt resolution of overdue accounts.
- Prepared and presented monthly aging reports, collections forecasts, and analysis of past-due accounts to assist with cash flow management.
- Negotiated and cleared over $100,000 in past-due accounts, contributing significantly to improved cash flow.
- Awarded the 'Outstanding Achievement Award' in 2005 for exceptional performance in credit management.
Accounts Receivable/Credit and Collections Manager
Hubair Inc.
Sunrise
01.1999 - 01.2003
- Managed accounts receivable disbursement and processed payments by credit card, wire transfer, and check
- Analyzed customer aging reports, ensuring timely collection of past-due accounts
- Conducted credit eligibility and limit assessments, ensuring alignment with company policies
- Led internal audits and provided revenue reports for both internal and external stakeholders
- Developed cash management reports, including Cash Flow, DSO, CEI, and Aging, to assist with month-end close procedures
Education
Bachelor of Arts - Sociology, Psychology
State University College at Cortland
Cortland, NY01.1984
Skills
- NetSuite
- AS400
- Syspro
- Microsoft Dynamics
- Microsoft Excel
- Microsoft Word
- Microsoft Outlook
- Proficiency in Excel
- ERP systems
- Cash flow forecasting
- Account reconciliations
- Effective communication
- General accounting principles
- Accounts receivable
- Credit management
- Financial reporting
Skills And Certifications
NetSuite, AS400, Syspro, Microsoft Dynamics, Microsoft Excel, Microsoft Word, Microsoft Outlook, Advanced proficiency in Excel (pivot tables, v-lookups), ERP systems, cash flow forecasting, account reconciliations, Ability to communicate effectively with suppliers, internal teams, and customers, both verbally and in writing, In-depth knowledge of general accounting principles and practices, accounts receivable, credit management, and financial reporting
Timeline
Accounts Receivable Manager
Sunrise Sports and Entertainment
03.2012 - 07.2023
Accounts Receivable Credit and Collections Manager
International Bedding Corporation
03.2003 - 01.2012
Accounts Receivable/Credit and Collections Manager
Hubair Inc.
01.1999 - 01.2003
Bachelor of Arts - Sociology, Psychology
State University College at Cortland
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