Working Capital & Treasury lead / controller at Egis Group

Dubai, Dubai, United Arab Emirates -

Full Time

Start Date

Immediate

Expiry Date

08 Mar, 26

Salary

0.0

Posted On

08 Dec, 25

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Working Capital Management, Treasury Operations, Cash Management, Accounts Payable, Accounts Receivable, Financial Analysis, Team Leadership, Construction Treasury, Banking Relationships, Cash Flow Forecasting, Credit Risk Management, ERP Experience, Attention to Detail, Stakeholder Management, Process Improvement, Compliance

Industry

Civil Engineering

Description

Company Description Waagner Biro is a leading construction company in the Middle East and part of the Egis Group. The company delivers bridge, marine, and infrastructure projects across the region. Job Description 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 Bachelor’s degree in Accounting, Finance, Business or related field. ACCA, CPA, CMA (full or part-qualified) preferred. Experience 7–10 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: Proven experience in construction/contracting treasury, including bonds and guarantees (APG, PB, RB, BB). 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

Responsibilities

The Working Capital & Treasury lead is responsible for managing all working capital components, including Accounts Payable, Accounts Receivable, and Cash Management. The role also involves overseeing treasury operations, ensuring compliance with internal controls, and leading a team focused on optimizing liquidity and financial performance.