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
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.
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
- 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
