credit manager

Resume posted by litsalinar in Finance.
Desired salary: $
Desired position type: Full-Time
Location: London England, United Kingdom

Contact litsalinar


Multilingual credit and treasury expert with extensive experience and a proven ability to strengthen financial controls and manage key stakeholder relationships. Lead special projects to optimise financial position by reducing bad debt and restructuring credit terms, freeing significant assets to enable investments that improve sales and productivity. Work with bankers, commercial business unit leaders, suppliers and others, making a sound business case for change and building consensus.


Industrial School Of Salonica (attended 3 years)
High School in Athens
English as a Second Language Teaching Certificate


Leading Greek pharmaceutical, diagnostics and personal care products distributor with annual worldwide sales of approximately €800.000.000.

Director of Credit Control & Collections: Led a team of 13 engaged in credit control and collections activities. Set and managed credit and collections policies for 5,500 customers. Evaluated financial strength of prospective customers and reviewed customer credit limits. Continuously assessed funding status and cash flow, developing new processes and strategies to improve position. Created and distributed detailed financial reports to executive team and commercial department.

Key Accomplishments:
• Gained access to €50.000.000 without increasing bad debt, improved private sector sales 15% and reduced private sector outstanding days from 210 to 180 with new credit limit methods.
• Established more productive relationship between credit control and collections personnel and commercial department staff; skilfully managed relationships with bankers.
• Negotiated factoring deals with 6 banks, gaining approximately €200.000.000 in 1st year and increasing public sector sales 20% with new product imports.
• Was instrumental in founding Greek Credit Control Association (1 of 10 founding members).

VIVARTIA S.A., Athens, Greece • 1997-2002
Large dairy production and distribution company with global sales exceeding €600.000.000 yearly.

Credit Control Manager: Spearheaded credit control department restructuring project, building and leading a team of 8 professionals serving 1k customers and 500 distributors. Worked closely with senior management team to identify methods of reducing bad debt and outstanding days average. Created and implemented policies to strengthen controls, reduce exposure and analyse customer and distributor creditworthiness.

Key Accomplishments:
• Secured €70.000.000 in funds by reducing outstanding days from 240 to 180, enabling advertising to increase sales 20% and equipment investments that improved efficiency.
• Improved sales 15% and cut bad debt by changing credit terms to focus on credible distributors.
• Won executive recognition for customer relationship management and communication skills.

CARREFOUR HELLAS S.A ( KEAP S.A), Athens, Greece • 1994-1997
Nationwide supermarket chain with 100+ stores and €1.800.000.000 in sales per annum.

Assistant Manager, Suppliers Department: Monitored suppliers and ensured on-time payments. Trained new colleagues. Created and distributed daily, weekly and monthly reports, including sales and profit reports with details by store and region. Developed rolling forecasts on cash flow.

Key Accomplishments:
• Established productive relationships with suppliers, developing methods to increase pay days from 90 to 120 to improve cash position and enable new store openings and sales growth.
• Evaluated supplier finances, authoring reports and recommending credit limits, working with suppliers to generate support for new strategy.

CAREER NOTE: Past job history includes a Financial Analyst Assistant role at Nikh S.A. (S/M Marinopoulos) prior to purchase by Carrefour Hellas S.A


  • Microsoft Office Suite (20 years)
  • Solution ERP (20 years)
  • SAP (3 years)


    Cash Flow management, communication, Credit & Collection Policies, Financial reporting, Project Management, Team Management

Groups & Associations

    Founding Member: Greek Credit Control Association

Spoken Languages

    English (Cambridge Proficiency holder), french (Certificat), Greek (Mother Language)