Location: Riyadh, Saudi Arabia
Industry: Finance & Accounting
Position: Payroll Accountant
Position Overview:
The Payroll Accountant is responsible for ensuring accurate and timely calculation, recording, and reporting of all payroll-related transactions. This role ensures compliance with local labor laws, social insurance requirements, and company policies, while maintaining precise payroll accounting records. The Payroll Accountant will work closely with HR and Finance teams to ensure smooth payroll operations and accurate financial reporting.
Key Responsibilities:
Payroll Accounting:
- Calculate salaries, end-of-service benefits, final settlements, overtime, leave benefits, incentives, deductions, and other benefits accurately.
- Record payroll journals and accruals in the ERP system.
- Reconcile payroll accounts, provisions, and accruals monthly.
- Support month-end and year-end close activities related to payroll.
- Ensure compliance with local labor laws and social insurance requirements (e.g., GOSI, end-of-service benefits).
Reporting & Analysis:
- Prepare payroll reports for management, HR, and Finance.
- Support audits by providing payroll data and documentation.
- Investigate payroll variances and discrepancies.
Coordination & Support:
- Coordinate with HR on employee data, new hires, terminations, and salary changes.
- Manage salary bank accounts for smooth salary disbursement.
- Assist in the settlement of employee legal claims.
Qualifications & Requirements:
- Education: Bachelor's degree in Accounting, Finance, or related field.
- Experience: Minimum 2 years of experience in payroll accounting.
- Language: Fluent in English (spoken and written).
- Technical Skills: Knowledge of accounting principles, ERP experience (SAP, Dynamics 365, or similar), proficiency in Excel.
- Soft Skills: Detail-oriented, accurate, analytical, and able to coordinate effectively across teams.
