Paymaster
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Key skills for this role
About the Role
FAENA is seeking a detail-oriented Paymaster to join their Finance team at The Red Sea in Saudi Arabia. The role involves processing payroll, ensuring compliance with Saudi labour regulations, and supporting general cashiering activities.
Key Skills for This Role
Responsibilities
- Prepare and process monthly payroll for all Warriors accurately and on time
- Calculate salaries, wages, overtime, allowances, incentives, deductions, and final settlements in accordance with company policies and Saudi labour regulations
- Verify attendance records, timesheets, leave balances, and payroll related data prior to payroll processing
- Maintain accurate and confidential payroll records, employee data, and supporting documentation
- Ensure compliance with Saudi labour law, GOSI requirements, statutory deductions, and end of service benefit calculations
- Coordinate closely with People & Culture regarding new hires, promotions, salary adjustments, transfers, and terminations
- Handle payroll discrepancies, adjustments, and employee queries in a timely and professional manner
- Prepare payroll reports, reconciliations, and analysis for Finance and Management review
- Reconcile payroll accounts with the general ledger and support month end closing activities
- Manage salary payment files and bank transfer instructions to ensure timely and accurate salary disbursement
- Receive, verify, count, and reconcile daily cash collections from operational departments
- Prepare and process bank deposits while maintaining accurate records of all cash transactions
Requirements
- Previous experience as a Paymaster, Payroll Officer, General Cashier, or similar Finance role within a luxury hotel or hospitality environment preferred
- Strong knowledge of payroll processes, Saudi labour law, GOSI requirements, and end of service benefit calculations
- Experience with payroll systems, HRIS platforms, and accounting software
- Understanding of general cashiering procedures, cash controls, and reconciliations
- Strong numerical, analytical, and problem solving skills
- Exceptional attention to detail and accuracy
- High level of integrity and ability to handle confidential information
- Strong organizational and time management skills with ability to meet strict deadlines
- Proficiency in Microsoft Excel and financial reporting tools
- Excellent communication and interpersonal skills
- Degree or diploma in Finance, Accounting, Business Administration, or a related field preferred
Full Job Posting
Job Description
- We are seeking a detail oriented and highly organised Paymaster to join our Finance team at FAENA The Red Sea.
- This role is responsible for ensuring the accurate, timely, and confidential processing of payroll for all Warriors while maintaining compliance with company policies and Saudi labour regulations.
- In addition to payroll administration, the Paymaster will support general cashiering activities, including cash handling, reconciliations, and maintaining financial controls.
- The ideal candidate will have strong analytical skills, exceptional attention to detail, and a commitment to delivering accurate financial operations within a luxury hospitality environment.
Key Responsibilities
- Prepare and process monthly payroll for all Warriors accurately and on time.
- Calculate salaries, wages, overtime, allowances, incentives, deductions, and final settlements in accordance with company policies and Saudi labour regulations.
- Verify attendance records, timesheets, leave balances, and payroll related data prior to payroll processing.
- Maintain accurate and confidential payroll records, employee data, and supporting documentation.
- Ensure compliance with Saudi labour law, GOSI requirements, statutory deductions, and end of service benefit calculations.
- Coordinate closely with People & Culture regarding new hires, promotions, salary adjustments, transfers, and terminations to ensure payroll accuracy.
- Handle payroll discrepancies, adjustments, and employee queries in a timely and professional manner.
- Prepare payroll reports, reconciliations, and analysis for Finance and Management review.
- Reconcile payroll accounts with the general ledger and support month end closing activities.
- Manage salary payment files and bank transfer instructions to ensure timely and accurate salary disbursement.
- Receive, verify, count, and reconcile daily cash collections from operational departments.
- Prepare and process bank deposits while maintaining accurate records of all cash transactions.
Qualifications
- Previous experience as a Paymaster, Payroll Officer, General Cashier, or similar Finance role within a luxury hotel or hospitality environment preferred.
- Strong knowledge of payroll processes, Saudi labour law, GOSI requirements, and end of service benefit calculations.
- Experience with payroll systems, HRIS platforms, and accounting software.
- Understanding of general cashiering procedures, cash controls, and reconciliations.
- Strong numerical, analytical, and problem solving skills.
- Exceptional attention to detail and accuracy.
- High level of integrity and ability to handle confidential information.
- Strong organisational and time management skills with the ability to meet strict deadlines.
- Proficiency in Microsoft Excel and financial reporting tools.
- Excellent communication and interpersonal skills.
- Degree or diploma in Finance, Accounting, Business Administration, or a related field preferred.
- Ability to thrive in a fast paced luxury hospitality environment while maintaining the highest standards of professionalism and accuracy.
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