Payroll Accountant

Abdulwahed Bin Shabib Investment Group LLC; Dubai; On-site; AED 120,000 - 200,000; Full time

Job summary

A leading company in Dubai is seeking a Payroll Specialist to manage employee payroll processes, ensuring accuracy and compliance with local labor laws. The role involves collecting attendance data, calculating salaries, and managing employee benefits. The ideal candidate should have a Bachelor's degree in Accounting or Finance and strong analytical skills.

Benefits

End-of-Service Benefits

Annual Leave Settlements

Leave Passage

Qualifications

• Experience in payroll processing and attendance management.
• Familiarity with ERP systems for payroll.
• Strong understanding of local labor laws.

Responsibilities

• Process payroll and maintain accurate payroll records.
• Ensure compliance with labor laws and company policies.
• Calculate and reconcile payroll data for accuracy.

Skills

Attention to Detail

Analytical Skills

Knowledge of Labor Laws

Education

Bachelor's Degree in Accounting or Finance

Job description

Job Overview: In this role, you will play a critical part in ensuring that employees are paid accurately and on time while adhering to payroll laws and regulations. You will handle various payroll-related tasks, including processing payroll, maintaining accurate records, and reconciling accounts.

The role involves a blend of accounting, administrative, and analytical responsibilities to manage payroll records, taxes, and compliance with relevant laws and regulations.

Detail Job responsibilities include below:

• Collecting Attendance Data: needs to gather daily attendance data from various sources, such as bio time systems, electronic timesheets, or attendance records provided by managers or supervisors.
• Validating Attendance: should review and validate attendance records for accuracy and completeness. This includes checking for missing or incorrect entries and verifying attendance with managers if necessary.
• Recording Absences:
• Track absences such as vacation, sick leave, and other types of leave. Maintain accurate records of these absences as they may impact salary calculations.
• Checking of Availed leave entries, attachment and pending absents.
• Regularization of Absents & Wrong Swipe.
• Preparation of summary reports – Unpaid leave & wrong swipes
• Monitoring Overtime: Monitor and record any overtime worked by employees. Overtime may affect pay rates and overall compensation.
• Adhering to Labor Laws: Ensure that attendance records comply with local labor laws and company policies regarding working hours, breaks, rest days, and other relevant regulations.

Salary Calculation:

• Check Records and ensure accuracy of ERP Masters
• Basic Salary: Calculate the basic salary based on the employee's agreed-upon salary rate and hours worked.
• Adjustments: Adjust salary based on attendance records:
• Deductions: Deduct pay for any unapproved absences, late arrivals, or early departures.
• Additions: Add pay for overtime hours, bonuses, or other incentives.
• Upload : Upload of overtime, temporary deductions & allowances
• Allowances and Benefits: Include any applicable allowances such as housing, transportation, or meal allowances in the salary calculation.
• Deductions: Account for standard deductions such as taxes, social security contributions, health insurance premiums, and other withholdings as required by law or company policy.
• Reconciliation: Reconcile the payroll data to ensure accuracy and consistency between attendance records and salary calculations.
• Final Salary Calculation & Verification:
• Combine all elements—basic salary, adjustments, allowances, and deductions—to determine the final net salary for each employee.
• Ensure timely preparation of monthly payroll

Employee Benefits

• End-of-Service Benefits: Calculate and accrue any end-of-service benefits such as gratuity based on applicable labor laws and employment contract terms.
• Annual Leave Settlements: Calculate and accrue leave salaries based on applicable labor laws and employment contract terms.
• Leave Passage: Calculate and accrue leave passage amount based on applicable labor laws and employment contract terms.
• Loans & Advances: Record, reconcile and make disbursement / deduction as per management approvals & Instructions

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Abdulwahed Bin Shabib Investment Group LLC

Mr. Saifudeen