Job Description :
Performing tasks relating to LCs in the most effective and efficient manner resulting in the lowest cost , highest level of quality and ensuring that the related financial and operational risks are mitigated. Process import letters of credit in accordance with int’l rules and regulations in a way that supports the flow of shipments and acts as a direct interface with suppliers’ finance team & Egyptian banks.Process transactions for issuing LCs, amendment, cancellation, lodgment of claims and payments within the limit as per the credit policy. Follow-up with retail & finance team to execute bank transfers to meet supplier’s payment on a timely manner as per our agreements. Maintain accounts record for suppliers.Process transactions relating to advising, amendment and cancellation of import letters of credit in compliance with bank’s policies and procedures. Input transactions for advising, confirmation, amendment and cancellation of import letters of credit on a timely basis.Settle value of commercial invoices , ensure full funding coverage with finance to meet supplier’s commitments.Prepare and submit reports to monitor the workflow and payments condition.
Job Requirements :
Bachelor degree in Finance or Accounting.5 years experience in foreign trade operations relating to guarantees, Import and Export letters of credit.High attention to details and the ability to mulit-task.Excellent written and oral communication skills in English.Understanding of guarantees & LCs concepts.