Edward Forbes
President at Stirling Capital Management
- Location
- West Palm Beach, Florida Area
- Industry
- Financial Services
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Edward Forbes's Overview
- Current
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- President at Stirling Capital Management
- Past
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- Founding Member/Vice President of Sales and Acquisitions at CreditMax LLC
- OSP Manager at JPMorgan Chase & Co
- Recovery Manager at Fleet Credit Card Services
- Education
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- University of Notre Dame - Mendoza College of Business
- La Salle University
- Valley Forge Military Academy & College
-
James Madison High School
- Recommendations
-
16 people have recommended Edward
- Connections
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500+ connections
- Websites
Edward Forbes's Summary
Edward S. Forbes is a self-driven and highly creative ARM professional with over 17 years experience in the industry. Working with a wide range of recognizable companies -- from JPMorgan Chase to Fleet Card Card Services -- Ed has developed a diverse skill set and an impressive depth of experience. Ed has an intrinsic entrepreneurial spirit and a taste for taking on new challenges, whether they be in the arena of creating new business or restructuring existing business.
Ed has a record of excellence in building business teams that are highly successful, highly motivated and highly profitably. His ability to recruit, train and motivate employees has been a crucial element to his success. He's become known in the industry for a no-nonsense, straightforward approach coupled with effective and efficient communication. These talents have enabled Ed to structure and facilitate complex business deals with ease.
His broad range of prior experience includes -- but is not limited to -- Collections, Collection Management, Agency Auditing, Recovery Management, Sales Management and Executive Positions in charge of Sales & Acquisitions. Ed's talent for honest and effective communication have helped him build and develop a large network of partnerships and contacts in the collection industry over the course of his career.
Specialties
Outsourcing, Asset Sales, Business Development, Collections, Contract Negotiations, Performance Management, Quality Control, Third Party Auditing, Recruiting, Training, Process Engineering, Team building, KPI Reporting and New Business Start Up.
Edward Forbes's Experience
President
Stirling Capital Management
Privately Held; 1-10 employees; Financial Services industry
December 2008 – Present (3 years 3 months)
Stirling Capital Management was formed to provide personalized Brokerage and Consulting Services to credit issuers and select national portfolio owners.
The Stirling Capital Management Executive team’s diverse background and use of flexible process integration has allowed us to deliver effective sales and consulting solutions to many of the industry’s leading firms.
Our high level of integrity, combined with our extensive market experience and vast qualified buyer relationships have contributed to Stirling Capital’s proven track record of success
.
Founding Member/Vice President of Sales and Acquisitions
CreditMax LLC
Privately Held; 11-50 employees; Financial Services industry
February 2004 – April 2008 (4 years 3 months)
CreditMax is an organization specializing in the acquisition, sale, management and collection of distressed receivables. CreditMax manages their assets through proprietary online applications and platforms that are also made available to third parties.
As a founding member of CreditMax I oversaw the creation and implementation of CreditMax’s online debt sales exchange. Additionally I was responsible for the recruitment, training and management of CreditMax’s sales and business development teams. CreditMax approved over 4,000 buyers at the National, State and local levels and sold over 2 Billion of debt on the exchange in its two years of existence. Through the effective coordination of Sales, marketing and relationship building CreditMax signed into listing agreements with over 50 of the nation’s largest debt owners in the industry. I left CreditMax in April of 2008 to pursue other entrepreneurial endeavors but continue to maintain an equity interest.
OSP Manager
JPMorgan Chase & Co
Public Company; 10,001+ employees; JPM; Financial Services industry
2000 – February 2004 (4 years)
As the OSP Manager at JPMorgan Chase I was responsible for the management of over $1 Billion of charged off debt on an annual basis. I was responsible for creating and implementing policy and procedures, strategies for external collections and asset sales, negotiating contracts, forward flows, internal audit controls, and recruitment, training and evaluation of 30 Recovery employees.
Though the creation and implementation of Chase’s Six Sigma Recovery Optimization project I was able to diversify an existing recovery strategy that resulted in higher net returns for charged off debt. The establishment of effective outsourcing relationships and performance management tools produced higher liquidation rates at every level of placement. Sales revenue increased over 30 percent because of a competitive bid process, benchmarking and placement competition. During my tenure at JPMorgan Chase I surpassed every recovery goal while achieving outstanding grades on internal GAD audits.
Recovery Manager
Fleet Credit Card Services
Public Company; 10,001+ employees; FBF; Financial Services industry
1998 – 2000 (2 years)
As the Recovery Manager at Fleet Credit Card Services I was responsible for In-house collections, attorney management and agency management. I participated in Y2K conversion, Recovery system conversion as well as the development and implementation of a post sale department.
I was able to achieved 100% of all recovery goals while increasing agency liquidation rates by 33% through effective performance management, agency auditing, and incentive programs. The in-house unit was expanded while increasing recovery rates by 33% and deducing complaint levels 50%.
Agency Auditor
Advanta
Public Company; 501-1000 employees; ADVNA; Financial Services industry
September 1996 – February 1998 (1 year 6 months)
As an agency auditor with Advanta I was responsible for auditing external vendors for contractual compliance and adherence to federal and state collection laws. Additionally I was responsible for agency performance tracking, incentive programs, bonus determination, post sale management, and internal charge-off reporting.
Through my auditing efforts and additional duties I assisted with the management and cultivation of third party relationships associated with the sale or placement of approximately 500M of contractual losses.
Edward Forbes's Education
University of Notre Dame - Mendoza College of Business
Executive Education
2010 – 2011
La Salle University
BA, Criminal Justice
1985 – 1987
Internships with Central Intelligence Agency and the Liquor Control Board of Pennsylvania
Activities and Societies: ROTC PA National Guard
Valley Forge Military Academy & College
1982 – 1985
Activities and Societies: Commissioned Second Lieutenant USAR, Distinguished Military Student, Airborne, Infantry Officers Basic Course.
James Madison High School
1979 – 1982
Edward Forbes's Additional Information
- Websites:
- Groups and Associations:
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Debt Buyers Association
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Contact Edward for:
- career opportunities
- consulting offers
- new ventures
- job inquiries
- expertise requests
- business deals
- reference requests
- getting back in touch
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