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LC & Collection Manager
At Alcon, we are driven by the meaningful work we do to help people see brilliantly. We innovate boldly, champion progress, and act with speed as the global leader in eye care. Here, you’ll be recognized for your commitment and contributions and see your career like never before. Together, we go above and beyond to make an impact in the lives of our patients and customers. We foster an inclusive culture and are looking for diverse, talented people to join Alcon.
The Letter of Credit and Collection Manager is responsible for the management of the expediting the issuance & increasing the number of letters of credit received from Alcon’s distributors in Egypt. The role requires not only to achieve compliant presentations to protect Alcon’s cash flow but also to coordinate with the distributors the issuance of clean and workable letters of credit, in close collaboration with Alcon’s financial institutions and the internal functions involved in the process (especially Customer Service and Credit Management).
In this role, a typical day will include:
- Stipulate mutually accepted standard LC template by financial institutions that is accepted by both APL credit/customer services, as well as the relevant local financial institutions utilized by the local distributors.- Handle, in very close collaboration with Customer Service and Credit Management, the end-to-end process of letters of credit for Egypt.- Collaborate closely with the customers, financial institutions, and other functions to facilitate the letter of credit transactions.- Identify proactively the potential discrepancies or issues with the letters of credit and work on amendments, as appropriate.- Conduct meticulous reviews of all documents related to letters of credit, ensuring accuracy and adherence to specified terms and conditions.- Work with a very high degree of accuracy to achieve compliant presentations.- Trouble shoot the discrepancies, if any, directly with the bank.- Follow up with the advising bank on the dispatch of the documents after negotiation.- Develop and maintain strong relationships with the internal and external stakeholders.- Drive the collection of outstanding debt & ensure for smooth collection process from distributors.
WHAT YOU’LL BRING TO ALCON:
Education: Bachelor degree in Finance or Business Administration.
Experience: Minimum 5 years of relevant experience in a letter of credit role or international trade finance, preferably in a bank.
Solid understanding of international trade regulations (Incoterms 2010, UCP 600, ISBP etc) and documentation requirements.
Effective communication skills and ability to build relationships with customers and financial institutions.
Strong attention to details and analytical skills.
Ability to work under pressure, prioritize tasks and meet strict deadlines.
Proficiency in English mandatory.
Proficiency with Microsoft Office (Outlook, Excel, Word, Power Point, etc).
Ability to influence key stakeholders
HOW YOU CAN THRIVE AT ALCON:
- Manage your own workload and schedule while hitting your set targets
- Collaborate with teammates to share best practices and learnings as work evolves
- See your career like never before with focused growth and development opportunities
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