Featured Candidates

DEREK M. DEVITO
Cell: (978) 821-3611 | Email: This email address is being protected from spambots. You need JavaScript enabled to view it. | Location: Tampa, FL 33603
PROFESSIONAL SUMMARY
Results-driven finance leader with extensive experience in credit, collections, and financial risk
management. Proven ability to build and lead high-performing teams, implement effective credit
policies, and optimize accounts receivable operations. Adept at reducing DSO, improving cash flow, and
mitigating financial risks while supporting business growth. Strong background in credit analysis,
financial reporting, and cross-functional collaboration with Sales, Legal, and Accounting teams. Vast
experience working on the implementation leadership teams at my companies for Workday and other
ERP systems. Supervised domestic and international, entry level and experienced collectors. Engaged
with and drove relationships with high level clients and internal stakeholders.
PROFESSIONAL EXPERIENCE
Senior Manager, Credit & Collections Nomad Health, New York, NY | June 2022 - Present
● Established and led the Collections Department for a healthcare tech/staffing company with
annual revenue of over $500M, reducing the number of high risk accounts by 90% and DSO by
35%.
● Conducted credit risk assessments for over 100 prospective clients, high risk clients, and
returning clients per month; responsible for approving payment terms to drive revenue while
mitigating risk.
● Oversaw the cash applications process and team, ensuring payments were posted to customer
accounts in a quick and efficient manner.
● Managed credit and collections operations, leading the team and serving as the highest
escalation point.
● Developed and presented monthly financial reports on AR trends, at-risk accounts, DSO, and
cash flow to executive leadership.
● Designed a risk mitigation dashboard for executive decision-making on high-risk accounts.
● Oversaw bad debt write-offs and collaborated with Legal and outside collection agencies to
recover high-risk accounts; reduced bad debt write-offs by over $2M per quarter within two
years.
Manager, Credit & Collections Rochester Electronics, Newburyport, MA | Sept 2017 - May 2022
● Led Credit & Collections for a global semiconductor firm, overseeing record-breaking sales
growth ($560M+ in FY 2021).
● Analyzed creditworthiness of domestic and international customers, approving credit limits and
payment terms.
● Reduced delinquency rates and optimized cash flow management by implementing proactive
credit strategies.
● Supervised a team of collectors, managed high-value credit approvals, and enhanced financial
controls.
● Trained the Global Sales Team on credit best practices to mitigate risk and resolve customer
credit challenges.
Credit Specialist GBC, Inc., Boston, MA | June 2015 - Sept 2017
● Managed credit approvals and risk analysis for new and existing customers.
● Led collections efforts for delinquent accounts, optimizing recovery rates while maintaining
customer relationships.
● Created financial reports and handled cash application, write-offs, and finance charges.
Credit Analyst / Agency Coordinator TimePayment Corp., Burlington, MA | June 2013 - June 2015
● Supervised outside collection agency performance, optimizing collection efficiency and reducing
chargebacks.
● Ensured on-time payments for high-value clients, including Fortune 500 companies.
● Managed vendor refunds, settlements, and litigation referrals for delinquent accounts.
Collections Account Manager (Team Lead) TimePayment Corp., Burlington, MA | Aug 2012 - June 2013
● Surpassed monthly collection goals due to a focused, data-driven approach.
● Managed high-value West Coast accounts, handling collections on balances above $10,000.
● Trained and mentored new hires, integrating them into the collections team and improving
performance.
EDUCATION
● University of Massachusetts-Lowell, Bachelor of Science in Criminal Justice and Criminology,
Minor in Legal Studies
● Northern Essex Community College, Associate Degree in Paralegal Studies