Working Capital & Treasury lead controller

Egis Group; Dubai; On-site; AED 120,000 - 200,000; Full time

Job summary

A construction and engineering firm in Dubai is seeking a Working Capital & Treasury Lead to oversee essential processes involving Accounts Payable, Accounts Receivable, and Cash Management. The role includes managing treasury operations, ensuring compliance with financial policies, and leading a team to optimize working capital. Ideal candidates will have significant experience in treasury within the construction industry, strong analytical skills, and related qualifications. This full-time position does not support remote work.

Qualifications

• 710 years of accounting experience with a strong focus on working capital and treasury.
• Proven experience in construction/contracting treasury including bonds and guarantees.
• Minimum 3 years in a supervisory or chief accountant-level role.

Responsibilities

• Lead all working capital components including Accounts Payable and Receivable.
• Manage treasury operations and cash flow forecasting.
• Oversee billing cycles, receipts reconciliations and collections.

Skills

Strong treasury knowledge

Solid understanding of construction working capital drivers

Excellent financial analysis skills

High attention to detail

Strong communication and stakeholder management

Ability to lead teams

Education

Bachelor's degree in Accounting, Finance, Business or related field

ACCA, CPA, CMA (full or part-qualified) preferred

Tools

ERP experience

Knowledge of Xpedeon

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
  • Guarantee 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

• 710 years of accounting experience with a strong focus on working capital and treasury in the 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.

Remote Work :

No

Employment Type :

Full‑time