Lilly Credit And Treasury Manager in Cairo, Egypt


Title Credit And Treasury Manager

City Cairo

State / Province CAIRO

Country Egypt

Workplace Arrangement Local

Company Overview (Lilly is one of the top 10 global pharmaceutical companies, dedicated to creating medicines that help improve peoples' quality of life for more than 140years. Since our founding by Colonel Eli Lilly in 1876, we have pioneered medical breakthroughs like human insulin, the polio vaccine, and many other breakthrough therapies...

At the heart of Lilly'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)

Responsibilities 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 Eli Lilly 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 Qualifications

  • 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

Additional Information document to be uploaded

Removal Date 26-Sep-2017