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Principal Proj Mgmt Specialist
Location Mivida Project Building B2 5th Settlement, Cairo, CAIRO, 11835, Egypt Category Customer Experience Job Id req464943 JOB DESCRIPTION
Design solutions to drive safe living and quality of life
The Future Is What We Make It.
When you join Honeywell, you become a member of our Global team of thinkers, innovators, dreamers and doers who make the things that make the future.
By changing the way we fly, fueling jets in an eco-friendly way, keeping buildings smart and safe and even making it possible to breathe on Mars.
Make the Best You.
Working at Honeywell is not just about developing cool things. All our employees enjoy access to dynamic career opportunities across different fields and industries.
Join us and Make an Impact.
The Purpose of the Role
The Working Capital Projects is responsible for overseeing and managing the financial aspects of project delivery with a specific focus on optimizing working capital. This role bridges the gap between project management and finance, ensuring that non-finance team members (e.g., project managers, operations) actively contribute to improving cash flow, budgeting, and the financial health of projects. The WCP works closely with project teams to ensure that cash flow is managed efficiently throughout the project lifecycle, from awarding to final delivery.
Key Responsibilities:
•
Project Cash Flow Planning: • Collaborate with project teams to ensure that project plans incorporate clear cash flow timelines.
• Help team members matching project milestones with payments from clients and payments to suppliers.
• Develop tools and templates to track financial health in a non-technical way, focusing on key cash flow indicators.
•
Accounts Receivable (AR) for Projects: • Work with project managers to track project-specific receivables, ensuring timely invoicing and payments from clients.
• Simplify the reporting of overdue payments or potential delays in receiving funds and enhance their impact on project budgets.
• Assist in negotiating client payment terms that align with project schedules, reducing the financial burden on the team.
• Accounts Payable (AP) for Projects:
• Guide non-finance project teams on managing supplier payments efficiently, ensuring that payments are timed to match cash inflows from clients.
• Help project managers in accelerating payments, both project execution and working capital.
• Collaborate with procurement teams in a way that positively impacts cash flow without disrupting the project.
•
Budgeting and Financial Forecasting: • Support project managers in creating realistic budgets and financial forecasts by simplifying financial inputs and outputs.
• Help non-finance teams anticipate the financial impact of project delays, scope changes, or client variations in a clear and actionable manner.
• Provide financial insights in a way that aids decision-making, ensuring the team is aligned with both project goals and financial targets.
•
Risk and Contingency Planning: • Identify potential financial risks, such as delays in client payments or increased project costs, and how these risks could impact the project’s working capital.
• Work with project teams to develop contingency plans that address potential working capital shortages or budget overruns, ensuring the project remains financially viable.
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Collaboration Across Teams: • Act as the primary point of contact between project management and finance teams, facilitating clear communication and understanding of financial priorities.
• Help non-financial stakeholders align their operational decisions with the company’s broader financial strategy by offering practical, easy-to-follow advice.
• Collaborate with contract management and legal teams to ensure that working capital considerations are integrated into project contracts, including negotiating favorable billing terms.
Key Skills & Qualifications:
• Bachelor’s degree in Business, Project Management, or related field (experience in finance or basic financial training is a plus but not required).
• 5+ years of experience managing complex projects with a focus on budgets, cash flow, or financial oversight.
• Familiarity with project management tools and ability to incorporate financial insights into project planning.
• Strong interpersonal skills, with the ability to explain financial concepts in a simple, non-technical way.
• Experience collaborating with cross-functional teams, especially in procurement, operations, and legal.
• Problem-solving skills with a focus on practical, project-specific solutions.
We Value:
• Financial Acumen (non-technical)
• Project Budgeting and Forecasting
• Simplifying Complex Financial Information
• Communication and Collaboration
• Risk Management
• Problem Solving and Contingency Planning
• Negotiation and Vendor Management
Work Environment:
• Primarily office-based with regular interactions with project teams and finance departments. Occasional travel to project sites or client meetings may be required.
If this is your dream role, then we'd love to hear from you.
We are an equal opportunity employer and value diversity at our company. We do not discriminate based on race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.
We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform crucial job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.
Additional Information
JOB ID: req464943
Category: Customer Experience
Location: Mivida Project Building B2 5th Settlement,Cairo,CAIRO,11835,Egypt Exempt
Business Services
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