Paymaster (Saudi National Only)

FAENA RED SEA JOB OVERVIEW The Paymaster is responsible for ensuring the accurate, timely, and confidential processing of employee payroll. This includes calculating salaries, wages, overtime, and deductions in compliance with company policies and Saudi labor laws. The role also maintains payroll records, resolves discrepancies, and works closely with HR and Finance to ensure proper payment of employees and adherence to statutory requirements. DUTIES AND RESPONSIBILITIES Prepare and process monthly payroll for all employees accurately and on time Calculate salaries, wages, overtime, allowances, and deductions in line with company policies and labor laws Maintain and update employee payroll records and personal data Ensure compliance with Saudi labor regulations, including GOSI, tax, and end-of-service benefits Verify attendance, timesheets, and leave records before payroll processing Handle payroll discrepancies, adjustments, and employee queries Prepare payroll reports for Finance and Management review Coordinate with HR regarding new hires, terminations, and salary changes Process final settlements for resigned or terminated employees Ensure confidentiality and security of payroll information Reconcile payroll accounts with the general ledger Support audits by providing payroll records and documentation Manage bank transfer instructions for salary payments Ensure accurate deduction and payment of statutory contributions Assist in implementing payroll systems and process improvements Maintain compliance with internal controls and company policies Liaise with external authorities when required for payroll-related matters

Bachelor’s degree in Accounting, Finance, Business Administration, or related field  Diploma in Payroll, Accounting, or Human Resources is an advantage  2–5+ years of experience in payroll or compensation administration, preferably in hospitality or large organizations  Strong knowledge of payroll processes, labor laws, and statutory requirements in Saudi Arabia  Understanding of GOSI, end-of-service benefits, and payroll compliance  Experience with payroll/HR systems such as SAP, Oracle NetSuite, or similar platforms  Proficiency in Microsoft Excel for payroll calculations and reporting

Prepare and process monthly payroll for all employees accurately and on time. Calculate salaries, wages, overtime, allowances, and deductions in line with company policies and labor laws. Maintain and update employee payroll records and personal data. Ensure compliance with Saudi labor regulations, including GOSI, tax, and end-of-service benefits. Verify attendance, timesheets, and leave records before payroll processing. Handle payroll discrepancies, adjustments, and employee queries. Prepare payroll reports for Finance and Management review. Coordinate with HR regarding new hires, terminations, and salary changes. Process final settlements for resigned or terminated employees. Ensure confidentiality and security of payroll information. Reconcile payroll accounts with the general ledger. Support audits by providing payroll records and documentation. Manage bank transfer instructions for salary payments. Ensure accurate deduction and payment of statutory contributions. Assist in implementing payroll systems and process improvements. Maintain compliance with internal controls and company policies. Liaise with external authorities when required for payroll-related matters.