Payroll Specialist

Job Overview

The Payroll Specialist role at Al Majed Oud.co in Riyadh is dedicated to ensuring accurate and timely processing of employee payroll while fully complying with local labor laws, social insurance guidelines, and internal policies. This position involves precise handling of salary calculations, deductions, benefits, and related financial activities.

Key Responsibilities

• Gather and verify attendance data, overtime hours, leave records, and monthly deductions in coordination with the Personnel department.
• Compute monthly salaries incorporating allowances, bonuses, commissions, and applicable legal deductions.
• Prepare payroll reports monthly, obtain Finance Department approvals, and manage scheduled bank payments.
• Calculate and submit social insurance contributions and any applicable taxes or zakat within required deadlines.
• Maintain up-to-date wage data on government portals such as Social Insurance and Wage Protection Systems.
• Ensure all payroll operations conform to labor law standards and Wage Protection System regulations.
• Determine end-of-service entitlements, unused leave balances, and termination settlements for departing employees.
• Coordinate with Finance on employee loans and advances management.
• Create management financial and administrative payroll reports when requested.
• Provide responsive support to employee inquiries about salaries, allowances, deductions, and payslips.
• Address payroll discrepancies confidentially and promptly to maintain employee satisfaction.

Qualifications and Experience

• Bachelor's degree in Accounting, Finance, Business Administration or related discipline.
• Two to four years of payroll or financial accounting experience within HR functions.

Technical Skills

• Advanced proficiency in Microsoft Office, including Excel features like pivot tables and formulas.
• Experience with ERP systems such as SAP or Oracle, or dedicated HR/payroll software.
• Strong knowledge of local labor legislation, social insurance, and wage protection requirements.

Professional Attributes

• Meticulous attention to detail to guarantee accurate payroll computations.
• High standards of confidentiality and integrity in managing sensitive data.
• Ability to handle deadlines and work efficiently under pressure.
• Clear, effective communication and interpersonal skills for resolving payroll queries.