1. Position Purpose
The Working Capital & Treasury lead is responsible for leading all working capital components including Accounts Payable Accounts Receivable Cash Management Treasury operations WIP monitoring Payment Applications and construction-related bonding requirements.
The role ensures strong financial control optimised liquidity and efficient implementation of working capital KPIs across the business.
2. Key Responsibilities
Working Capital Management
Full ownership of AP AR and Cash operations.
Weekly and monthly cash flow forecasting and liquidity planning.
Monitoring DSO DPO Cash Conversion Cycle ageing analysis and overdue balances.
Ensuring timely conversion of WIP and unbilled revenue into Payment Applications.
Treasury & Banking
Daily treasury operations: bank balances cash positions liquidity coverage.
Managing banking relationships and ensuring compliance with facility terms.
Preparation of short-term and medium-term cash flow forecasts.
Oversight of bank reconciliations and cash/bank postings.
Strong involvement in construction treasury activities including:
Performance Bonds
Advance Payment Guarantees
Retention Bonds
Bid Bonds
Guarantees renewal tracking and cancellation coordination
Ensuring bonds align with contract terms validity periods and client requirements
Ensure full compliance with internal controls over payments and bank approvals.
Accounts Receivable (AR) / Billing / WIP
Oversee billing cycles receipts reconciliations and customer statements.
Review and control of Payment Applications certification status variations and retentions.
Coordination with Operations on collections certification delays and project billing milestones.
Monitoring DSO performance and implementing improvement actions.
Managing credit risk and escalating overdue cases.
Accounts Payable (AP)
Supervise AP team for timely and accurate invoice processing.
Approve supplier invoices reconciliations and payment batches in ERP.
Align with Procurement on payment plans GRN clearance and supplier priorities.
Review AP accruals prepayments and month-end closing activities.
Intercompany & Compliance
Manage intercompany recharges confirmations and reconciliations.
Support internal and external audits across AP AR Cash and Treasury.
Ensure compliance with Group financial policies UAE VAT and IFRS working capital principles.
Team Leadership
Lead a team of 5-7 members (AP AR Cash).
Set and track KPIs: DSO DPO Cash forecast accuracy WIP turnover.
Drive process improvement automation and standardisation across working capital and treasury functions.
Qualifications :
Education
Bachelors degree in Accounting Finance Business or related field.
ACCA CPA CMA (full or part-qualified) preferred.
Experience
710 years of accounting experience with strong focus on working capital and treasury in construction industry.
Skills
Strong treasury knowledge including banking processes bonds guarantees and cash optimisation.
Solid understanding of construction working capital drivers (WIP retention certification cycles).
Excellent financial analysis skills (DSO DPO CCC).
High attention to detail accuracy and control mindset.
Strong communication and stakeholder management.
Ability to lead teams and enforce deadlines and policies.
Mandatory:
Strong experience in AP AR billing WIP Payment Applications and cash flow forecasting.
Minimum 3 years in a supervisory or chief accountant-level role.
ERP experience required; knowledge of Xpedeon is an advantage.
English - fluent
Remote Work :
No
Employment Type :
Full-time
This listing is sourced from a third-party job board. Applying will redirect you to the original posting.
VAM Systems
Johnson & Johnson
YO AI Labs
Oceanicresources