CALIPH JACKSON | CREDIT & COLLECTIONS
Summary: A credit professional prepared for success with the business acumen, organizational competencies, and analytical skills in credit, collections, and management.
PROFESSIONAL HISTORY
Property Management PLUS LLC, Chicago, IL 2011-Present
Property Manager (Project Manager)
▪ Leasehold risk assessment and mitigation using credit risk framework (FCRA).
▪ Property (project) manager of general repairs, CAM’s, Altra Builders/Aqua construction project, closet shelving designs and installations.
▪ OD consultant for self-managed organizations (HOA’s) in governance, accounting, and property management.
Key Accomplishment:
100% collection of 2013 arrearages ($4,000+), saving $7,000+ in legal fees for an
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▪ Managed monthly deals totaling $6 million in new and renewal transactions partnering with Sales Teams nationwide.
▪ Partnered with Legal in process and policy redesign for Canadian credit practices, adverse action, renewal transactions (D&B, FCRA), and UCC-9 filings and subordination.
▪ Utilized ETL/SAP data solutions to monitor and authorize portfolio adjustments for credit risk, cash reserve and charge-off policies; SOX and PCI DSS compliance support.
Due Diligence Specialist/Credit Analyst II (Chicago & Atlanta Offices), 2005-2008
▪ Authorized credit approval and underwriter of merchant working capital and purchases.
▪ Performed due diligence using risk mitigation tools consisting of financial statements and ratio criteria, personal and commercial credit reports (D&B, FCRA), internal data, public records including +OFAC, SDN, FSE, U.S. Sanctions searches, prioritization of UCC lien holders, tax liens, unsecured creditors, seasonality, performance assessments, and comparative like/same-store review
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▪ Developed recovery strategies (e.g. collections, litigation, & bankruptcy proceedings) as an unsecured and secured creditor with security agreements and UCC-9 filings.
▪ Coordinated resolution efforts for merchant credit accounts with attorneys, asset-related landlords, auctioneers, and bankruptcy trustees (FCRA, FDCPA).
Key Accomplishments:
Successfully built and implemented the Credit Application tool in SalesForce.com.
Editor of the Collection Department’s Quarterly Review.
Special acknowledgement: highest recovery ($359,000) by a Collection Specialist-March 2005.
Argent Healthcare Financial Services Inc., Chicago and Belleville, IL 2003-2004
Collection & Training Supervisor
▪ Managed collection activities for offices in Chicago and Belleville (remotely), Illinois.
▪ Managed the Billing, Liability/Self-Pay, and Bad Debt departments plus client service performance including upselling. Implemented training programs based on FDCPA and HIPAA Guidelines.
Key Accomplishment:
Consistently achieved revenue goals and acknowledged as Department of the Month for exceeding revenue goals by 74%- April 2004.
EDUCATION
• Roosevelt University, Chicago,
The first method we will review is the accounting method. Through this accounting approach we will analyze specific ratios and their possible impact on the company's performance. The specific ratios we will review include the return on total assets, return on equity, gross profit margin, earnings per share, price earnings ratio, debt to assets, debt to equity, accounts receivable turnover, total asset turnover, fixed asset turnover, and average collection period. I will explain each ratio in greater detail, and why I have included it in this analysis, when I give the results of each specific ratio calculation.
Corporate bankruptcy is an important issue for investors, debt holders, and managers. The implications of bankruptcy proceedings can have a tremendous impact on economic outcomes; thus, it is vital for all parties to be versed in the framework and procedure of a bankruptcy. This study will attempt to address several issues, such as the costs of bankruptcy between Chapter 7 and Chapter 11, the risks undertaken in proceedings (looking primarily at APR violations), and conflicts of i...
Over the years, the process of declaring bankruptcy has become incredibly simple. Because of this change, the number of people declaring bankruptcy is at an all time high. Today, bankruptcy is a common thing among companies and individuals alike. The American bankruptcy law allows people to avoid paying their debts by offering the debtors a discharge without a harsh consequence. By not having repercussions for their actions, bankruptcy filers often plan future bankruptcies, allowing them to steal even more money from creditors with no punishment. There are 13 different chapters in the bankruptcy system with the principal chapters being 7,11, and 13. You can only file for bankruptcy under these three chapters, the others are there to explain how the system works. Under Chapter 7, a person’s debts are wiped away while under chapters 11 and 13, debts are frozen while the debtor figures out a way to repay them. The people filing Chapter 7 are stealing money from creditors who are trying to help them. It is one’s moral duty to pay back his debts and one should be disgraced and embarrassed if they borrowed money they cannot pay back. Over 1,400,000 people filed for bankruptcy in 1998 under Chapter 7, Chapter 11, and Chapter 13. 75% of them were under Chapter 7, leaving “retailers, bankers, and credit-card companies” with $40 billion in unpaid debts (Kopecki 5) (Pomykala 16). The use of different reforms could cut down on the number of Chapter 7 filings and put responsibility back on the debtor. Declaring Chapter 7 bankruptcy is ethically and morally wrong and through different reforms this current “right” would be considered a crime.
Timeline of this case should be clearly organized in order to better understanding this case. In 2009, Poor Son transferred Rich Grandson to Parent. In 2010, Poor Son filed a voluntary petition for reorganization under Chapter 11 of the US bankruptcy code, and Parent deconsolidated Poor Son from statements. In 2011, Poor Son filed an action against Parent seeking to void the transfer of Rich Grandson. In May 2012, the bankruptcy court held a selection meeting in which it considered competing plans of reorganization submitted by four bidders. In June 2012, OtherCo, an unrelated party, became the wining plan sponsor. In July 2012, OtherCo rescind its offer because the bad evonomic condition. In December 2014, the bankruptcy court recommended
Miller, J. (2008, January). Resources: Credit Card Security . Retrieved February 21, 2011, from Arizona Society of Certified Public Accoutants : http://www.ascpa.com/Content/39591.aspx
In this unit, we will be discussing real-life healthcare organizations, the 5 P’s of healthcare marketing, and evaluation strategies that may be used to determine marketing potential.
After a 60 minute interview with Dr. Rob Geis, Director of Procurement at BayCare Health System, I was ready to take on the world. Dr. Geis completed his Masters and Doctoral degree at State University while working at BayCare. After completing the two advanced degrees he was promoted to Director. Currently he teaches two online classes at The University of Phoenix on Health Care management and procurement. As a director at BayCare Health System he has to hold trainings for potential vendors and current vendors along with the training sessions for employees that will directly intervene with the vendors of the behalf of the Health System. It was inspiring to see someone who has successfully blended three different adult learner experiences together; a student, corporate trainer, and adjunct professor.
The forced liquidation of some $3 trillion in private label structured assets has been deprived from the financial markets and the U.S. economy has obtained a vast amount of liquidity that the banking system simply cannot restore. It is not as easy to just assign blame within these case however it is noted that the credit rating agencies unethical decisions practices helped add onto the financial crisis of 2008 and took into account the company’s well-being before any other stakeholders.
Overall, the Bank generally complies with the provisions of Equal Credit Opportunity Act (ECOA) and Fair Lending laws and regulations. The Bank's Compliance, Retail Lending, Commercial Lending, Mortgage Operations, and Special Assets Departments continue to demonstrate compliance consciousness, specifically, in implementing and improving internal controls and processes to comply and meet ECOA and Fair Lending requirements while catering to consumers' lending needs and maintaining customer relationships. In addition, management has demonstrated its commitment in monitoring relevant risks and providing effective training programs for the affected employees.
So how do businesses like Ashley Furniture or General Motors (GM) use their assets to attempt to pay off their creditors and any other liabilities? Companies like these first have to file for a voluntary petition of bankruptcy through Chapter 7 otherwise known as liquidation. In this process the debtor is appointed a trustee who allocates his/her assets and equally distributes it to the creditors. Reorganiza-tions also known as Chapter 11 each company or organization must first file for bankruptcy. Failure to properly file for bankruptcy a creditor can potentially force a debtor into an involuntary bankruptcy if repayment of certain debts is not made in a timely manner.
Cornaggia, K. J., Franzen, L. A., & Simin, T. T. (2013). Bringing leased assets onto the balance sheet. Journal of Corporate Finance, 22345-360. http://dx.doi.org/10.1016 /j.jcorpfin.2013.06.007
• To exceed $3 million in annual sales by the third year of plan implementation.
Basically, a debtor and creditor agreement or consumer-credit agreement is regulated by the Consumer Credit Act 1974. It may be either (1) a restricted-use credit agreement to finance a transaction between the debtor and a supplier in which there are no arrangements between the creditor and the supplier. For instance, when a loan is paid by the creditor direct to a dealer who is to supply the debtor (2) a restricted-use credit agreement to refinance any existing indebtedness of the debtor's to the creditor or any other person (3) an unrestricted-use credit agreement such as a straight loan of money that is not made by the creditor under arrangements with a supplier in the knowledge that the credit
what you can help them achieve. You will also encounter those clients that are there
... valuable time, energy, peace of mind, and what should have been a normal life, trying to restore my credit and my life.”(Written testimonial of Michelle Brown).