Jay Stone serves as CEO of Hilco Receivables, LLC and is recognized as one of the foremost experts in the Accounts Receivable industry. For over thirty years Jay has developed an in-depth knowledge of A/R management Analysis and Risk Assessment, Portfolio Purchasing and Liquidation, B2B Debt Collection, Debt Purchase, Call Center Operations, International Debt Recovery, and more.
He is responsible for overseeing all business functions required to manage principal investments totaling over $500 million, $10 Billion in assets acquired and over $400 million of purchased and fee based commercial receivables. His visionary leadership, operational experience and analytical expertise have resulted in exceptional performance for Hilco Receivables customers over the years.
Jay rejoined the Hilco Global organization in January of 2013 having previously served as EVP of Hilco Receivables, LLC between 2001 and 2007. During that time, he also served as President of APEX Financial, a wholly owned subsidiary and one of the leading companies in the ARM space. Over those seven years Jay successfully built the Hilco Receivables, LLC business into one of the largest and most recognized A/R firms in the country with over 300 employees and $3 billion under management. Ultimately, Jay’s leadership and hard work resulted in the successful sale of the business to Goldman Sachs, where he continued to run the company until 2007. Prior to his return to the Hilco Global organization, Jay was the founder and principal at Steamboat Partners LLC for five years, where he again built a robust A/R practice bring on clients like Wells Fargo, GE and Citibank.
Previously, Jay served as a Major Account Manager for Van Ru Credit Corp from 1999 to 2001. While at Van Ru Credit, he was responsible for adding clients such as Sears, First USA, and other retail, financial, and educational institutions. Prior to his work at Van Ru Credit, Jay was the Director of Sales for Abacus Financial Management. Jay began working in the A/R industry in 1993.
As those that know Jay will attest, he is an innovator delivering new ideas and strategies that consistently deliver results superior to the competition.
When it comes to bridging the gap between businesses and credit lenders, we have a comprehensive approach toward providing solutions that help all parties maximize the value of any given asset.