Working Capital & Treasury lead controller

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:

• 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