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Credit And Treasury Manager - Egypt  

Lilly (company)


Posted on : 02 June 2017

Project Description

 Company Overview 
  • Our company is one of the top 10 global pharmaceutical companies, dedicated to creating medicines that help improve peoples' quality of life for more than 140 years. 
  • At the heart of company's operations are its core values – excellence, integrity and respect for people, these are reflected in business practices that include strong governance principles, the ethical development of medicines, transparency and ethical product promotion)

Treasury profile:
  • FX trading, forecasting and coordination of hedging activities. Effective cash management and provide strategic direction to management  
  •  Monitoring of cash flow movements and expected cash requirements  
  • Coordinate with corporate to arrange inter-company funding as needed for organizational requirements. update constitutional documents, signatories list, passport copies of all signatories and Board Resolutions. handle bank guarantees issued for tenders, renewals and cancellations. 
  • handle letters of credit namely opening, amendments and follow up in an expedient manner. 
  •  Lead Capital infusion projects, lead risk management initiatives in alignment with global treasury Lead regional treasury projects such as: open new bank accounts when required and liaise with banks for necessary documentation required. 
  • Regional Bank consolidation project closing legacy bank accounts and transitioning to selected new bank accounts according to global service design and ensuring automation. 

Credit Profile
  • Responsible for financial/operational ownership of key cash metrics including collections and bad debt reserve. 
  • Driving reduction in aged balances/past dues and ensuring cash collection performance through reviewing past due drivers Owning Bad Debt Reserve calculation as per company credit policies and supporting/defending its rationale with the controllers, Internal and external auditors. 
  • Driving customer credit worthiness review and ensuring all credit risk customers are flagged during sign up of contracts, also ensure portfolio health to proactively analyze any credit/bankruptcy risk 
  •  Driving analysis of key late payment reasons to fix upfront business processes driving non payments on key dispute Analyzing and segmenting A/R portfolio dynamic throughout the Quarters to propose adequate credit policies to improve selected key metrics. 
  • Reconcile Accounts receivables accounts and customer status Customer facing and meeting with distributors to review credit limits/ credit situation as well as finalize any customer disputes Diligent review for all customer adjustments and ensure proper and timely documentation  

Basic Requirements:  
Education and Experience 
  •  Bachelor degree of Accounting , Finance, Economics 3-5 years of experience in related fields in banking / Multinational company
  • Excellent communication as well as prioritization skills with attention to detail 
  • Strong Communication & Presentation skills 
  • Fluent English & Good computer skills.   

Additional Skills/Preferences 
  • High communication skills 
  • Problem solving 
  • Analytical skills 
  • Attention to details 
  • Breadth and versatility Business oriented Influence and ability to drive business recommendations
  •  Team player yet independent