Chief Accountant (Treasury)

Designsmith Interior Works LLC; Dubai; On-site; AED 279,000 - 446,000; Full time

Job summary

Designsmith Interior Works LLC in Dubai is seeking a seasoned Treasury Manager to oversee daily treasury operations, guarantees, LC, and cash flow monitoring, ensuring robust liquidity and financial control.

You will support the Director of Finance by strengthening banking structures, managing relationships with UAE banks, and coordinating with AR/AP to optimize working capital and project financing activities.

Qualifications

• Fully or partly qualified CA / ACCA / CPA / CIMA, or Bachelor's degree in Accounting/Finance with relevant experience.
• 5-8 years treasury experience in UAE preferred.
• Experience in a contracting company is a significant advantage.

Responsibilities

• Treasury operations including guarantees, LCs management and related instruments.
• Manage bank accounts documentation and maintenance.
• Monitor daily liquidity and prepare treasury reports.
• Forecast cash flows and manage working capital.
• Reconcile bank statements and support month-end closing.
• Support credit facilities and relationship managers.

Skills

Treasury management

Liquidity planning

Banking relationships

Cash flow forecasting

Financial controls

Education

CA / ACCA / CPA / CIMA

Bachelor's in Accounting/Finance

Tools

Banking systems

ERP software

Job description

Role Purpose

To manage daily treasury operations banking relationships guarantees and cashflow monitoring to ensure strong financial control and liquidity management The role supports the Director of Finance in strengthening the company s banking structure improving liquidity discipline and supporting credit facilities and project financing activities

Key Responsibilities

• Treasury Operations Banking Instruments
  • Handle issuance amendments and cancellation of Performance Guarantees PG
  • Advance Payment Guarantees APG
  • Retention Guarantees Tender Bonds and related securities
  • Manage Letters of Credit LC including documentation coordination with suppliers expiry tracking shipments and settlement requirements
  • Support Post-Dated Cheque PDC PPC discounting arrangements monitoring repayments and scheduling
  • Liaise with banks on daily transactional requirements including payments fund transfers swift copies and facility utilization
• Bank Accounts Documentation Management
  • Facilitate opening modification and closure of bank accounts for group companies
  • Ensure all required supporting documents are correctly compiled and submitted to banks
  • Maintain a strong filling and documentation system for all treasury guarantee and facility-related information
• Liquidity Planning Treasury Reporting
  • Monitor daily liquidity positions across all entities and projects
  • Prepare weekly and monthly treasury reports including bank balances utilization of facilities guarantee ageing and cash shortfalls
  • Highlight upcoming payments payroll requirements project advances and funding gaps to management
  • Maintain short-term and long-term cashflow visibility
• Cashflow Forecasting Working Capital Management
  • Work closely with AR collections team to track project collections retention schedules and overdue receivables
  • Coordinate with AP function to schedule vendor payments LC settlements subcontractor dues advance recoveries and progress payments
  • Prepare rolling cash flow forecasts based on project inflows outflows and procurement schedules
  • Track debt repayments discounting schedules and expected cash recoveries
• Reconciliations Controls
  • Prepare monthly bank reconciliations for all bank accounts
  • Ensure accurate posting of payments charges interest LC settlements and guarantee fees
  • Support month-end closing with treasury reports interest schedules and bank confirmations
• Credit Facilities Banking Support
  • Relationship ManagementAssist in preparation and submission of documents for facility renewals enhancements or new credit applications
  • Support in closing facilities updating securities and monitoring covenants
  • Maintain strong working relationships with relationship managers across UAE banks
  • Prepare periodic reports on utilization margins guarantee fees LC charges and financing costs

Qualifications

• Fully or partly qualified CA / ACCA / CPA / CIMA, or Bachelor's degree in Accounting/Finance with relevant experience.
• 5-8 years treasury experience in UAE preferred.
• Experience in a contracting company is a significant advantage.

Technical Skills

• Solid understanding of bank guarantees, LCs, discounting, PDC/PPC management, and treasury operations.
• Strong knowledge of UAE banking processes, documentation, and compliance requirements.