Payroll Accountant

Al Jameel International Co. Ltd; Jeddah; On-site; SAR 120,000 - 150,000; Full time

Job summary

A leading company in the region is looking for an experienced Payroll Accountant to manage payroll processes for employees. The ideal candidate will ensure accurate calculations of wages, deductions, and employee benefits while complying with relevant laws. Candidates should have a Bachelor's degree in Accounting or Finance, at least 3 years of experience in payroll management, and familiarity with accounting software like Microsoft Dynamics or SAP S4 Hana.

Qualifications

• 3+ years of proven experience as a payroll accountant in Saudi Arabia.
• Familiarity with journal entries and accounting expertise.
• Strong understanding of compliance with labor laws and tax regulations.

Responsibilities

• Process and manage payroll for all employees on time.
• Ensure accurate calculation of wages, overtime, and deductions.
• Prepare payroll-related journal entries and reconcile accounts.
• Provide data to external consultants for actuary calculations.

Skills

Accounting expertise

Time management

Education

Bachelor's degree in Accounting

Bachelor's degree in Finance

ACCA certification

ICMA certification

CIMA certification

Tools

Microsoft Dynamics

SAP S4 Hana

Job description

: Job Description

: Process and manage company payroll for all employees on a timely basis

·Ensure accurate calculation of wages, overtime, deductions and other allowances.

·Prepare payroll-related journal entries and reconcile payroll accounts.

·Ensure compliance with labor laws, tax regulations, and social insurance requirements.

·Will be responsible to record payroll payment in system and will make settlement with Accruals.

·Ensure accurate calculation employee benefits, end-of-service benefits, and final settlements.

·Will be responsible to make reconciliation of provision of end-of-service benefits with the HR data. And will make necessary adjustments in provision if required.

·Will be responsible to provide data to external consultant for the EOS Actuarial calculations as per IAS 19(Employees Benefits)

·Record Final settlement payment to employee in system and make settlement with their provision.

·Ensure the accuracy of annual vacation calculations and reconcile between HCM module and their accrual Balances.

·Ensure the annual vacation payment is matching with Accrual balances and will settle regularly any payment made to employees with their accruals.

·Also, will record any necessary adjustments required in vacation accruals in system.

·Ensure the accuracy of Air tickets calculations and reconcile between HCM module and their accrual Balances.

·Ensure the air ticket payment is matching with Accrual balances and will settle regularly any payment made to employees with their accruals.

·Also, will record any necessary adjustments required in Air ticket accruals in system.

·Ensure the accuracy of third-party invoice of outsourced employees.

·Ensure the accuracy of casual labor invoice of outsourced employees.

·Will check and confirm the accuracy of medical insurance calculation for each employee and their dependents.

·Ensure accuracy of monthly amortization calculation of medical insurance in system and make settlement with prepaid amount and make sure prepaid balance as per accounting record is correct.

·Ensure that medical insurance of new joiners and leavers is updated on time with medical insurance company.

·Any other task assigned by the management.

Qualifications

• Proven work experience of 3 years plus as a payroll Accountant in Saudi Arabia Journal Entries (Accounting) and accounting expertise
• Experience with accounting software, Like Microsoft dynamics / SAP S4 Hana
• Bachelor's degree in Accounting, Finance or relevant study such as ACCA, ICMA, CIMA
• Strong time management skills
• Bachelor's degree in Accounting, Finance, or related field