Location: Cairo, Cairo, EG
Category: Finance
Posting End Date:06/22/2022
Since its establishment in 1964, ELARABY has grown from a joint stock family enterprise to one of the largest industrial and commercial corporations in Egypt, the Middle East and Africa. ELARABY operates through 16 commercial, industrial, medical, and service companies, in four different governorates with 26 industrial facilities, and 2 hospitals. In 2020, ELARABY’s workforce exceeded 40,000 employees. ELARABY’s brand portfolio consists of 16 global brands with 25 product categories and more than 4,000 variations. With regards to the domestic and international markets, ELARABY’s figures continue to grow by exporting to over 60 countries across the globe. In the domestic market, one of ELARABY’s strongest assets is the vast distribution network, that consists of more than 3,000 sales partners and 20 branded stores; backed by more than 600 after-sales service centers. In a society consisting of more than 100 Million Egyptians who trusted ELARABY over the years, ELARABY gives back to the community through implementing and adopting various developmental projects, in education, healthcare, environmental well-being, and social solidarity.
Job Purpose
Follows up on the credit limits granted to the company by the banks it deals with.
Job Responsibilities
Follows the dues of the banks, installments of loans - Cost-Plus Financing -speculative order to avoid accumulating benefits.
Requests the company's credit position from each bank to know the size of the debts and receivables.
Communicates with the liquidity activity to clarify the size of the facilities available to each bank and the possibility of using them.
Monitors the amount of debt for each bank to work on repaying it before its due dates.
Receives a request from the activity managers of El-Araby Group stating the issuance of credit cards/advantage to several employees o determine the credit limit of the card.
Prepares a customized request from the bank in the financial custody (issuing the bank credit card for companies) and sends it to the employee for signature.
Receives an account statement from the banks for each card separately showing the various exchange operations to send it to the public accounts to record the expense.
Qualifications
Bachelor's degree in Commerce.
1-2 years of experience in a relevant field.
Banking and Trade operations is preferred.
Communication skills.
Risk management (liquidity and cash flow).
Problem-solving and decision making.
English language skills.
Computer skills.
EL ARABY Group is an equal opportunity employer and applies fair employment practices through the interviewing and selection process.
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