Basil Mavrovitis

Chief Credit Officer at Omnicom Media Group
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Contact Information
us****@****om
(386) 825-5501
Location
Hillsdale, New Jersey, United States, JE

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5.0

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Luis Romero

Basil was a great asset in our executive team. He not only dominated the financial issues but was also a great leader. We all learned from his negotiating skills and focus.

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Credentials

  • Certified Cash Manager
    Association for Financial Professionals (AFP) formerly TMA
  • Certified Credit Manager
    National Association of Credit Mnagement (NACM)

Experience

    • United Kingdom
    • Advertising Services
    • 700 & Above Employee
    • Chief Credit Officer
      • 2009 - Present

      Chief Credit Officer reporting directly to OMG World Wide CFO. Responsible for credit evaluation and collections covering World Wide operations in North America, EMEA, APAC, and LatAm. Utilize Hyperion and Business object to monitor and track exposures Chief Credit Officer reporting directly to OMG World Wide CFO. Responsible for credit evaluation and collections covering World Wide operations in North America, EMEA, APAC, and LatAm. Utilize Hyperion and Business object to monitor and track exposures

    • United States
    • Broadcast Media Production and Distribution
    • 700 & Above Employee
    • Director Corporate Credit
      • 2005 - 2009

      Reported directly to V.P. Treasury Operations & Chief Tax Officer, managing a Credit staff of 16. •Directed credit operations for TV, Radio, and On Line divisions managing a $.5+ billion dollar A.R. portfolio, with heavy emphasis on selling and monitoring major and problem accounts, generating free cash flow, reducing DSO and bad debt. •Coordinated all TV, Radio, and On Line credit extension, collections, setting credit metrics, month-end reporting, and legal. •Interfacing on an ongoing basis with GM’s, Sales managers, Account Executives, Traffic Managers, Business Managers, and Finance relating to sales goals, cash flow, DSO, and risk. Show less

    • Director of Credit & Collections
      • 2003 - 2005

      Reported directly to the VP & Assistant Treasurer, Viacom Inc., managing 10 Credit Managers on a dotted line basis. •Directed credit operations for 10 divisions managing a $1+ billion dollar A.R. portfolio with heavy emphasis on generating free cash flow, reducing DSO, and minimizing bad debt. •Actively visited Ad Agencies utilizing Viacom corporate leverage to implement strategies to enforce terms, reduce/collect discrepancies, and accelerate cash flow from advertising sales while promoting good will. •Coordinated all domestic subsidiary credit extension, collections, setting credit metrics, month-end reporting, and legal. Show less

    • CFO
      • 1999 - 2001

    • CFO
      • 1996 - 2000

    • CFO
      • 1994 - 1997

      Vice President & CFO Reported directly to Chairman and COO. •Responsibilities include financial opertions, investor funding, investment banking and Private Equity relations.bank relations,cash management, credit, bank relations, forecasting, and financial analysis Vice President & CFO Reported directly to Chairman and COO. •Responsibilities include financial opertions, investor funding, investment banking and Private Equity relations.bank relations,cash management, credit, bank relations, forecasting, and financial analysis

    • Vice President & Treasurer
      • 1988 - 1994

      A $5+ billion media company comprised of Random House Publishing, Sony/BMG Music, RCA Records, Doubleday Book Club, and Gruner + Jahr. Vice President & Treasurer Reported directly to the President, managing staff of 5 (credit)& 8 (Treasury/cash management)on a dotted line basis. •Responsible for all bank relations including borrowing, investments, cash pooling, foreign exchange, and derivative products. •Directed credit operations covering 8 subsidiaries comprising a $1+ billion A.R. portfolio. Show less

    • Manager of Treasury and Credit
      • 1983 - 1988

Education

  • Rutgers University
    BA, English
  • Rutgers Graduate School of Business
    MBA, Finance

Community

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