Payroll Accountant

About Saudi Gold Refinery

Saudi Gold Refinery (SGR) is a specialized Saudi company engaged in refining gold and precious metals, producing bullion, and delivering value-added precious metal services. Operating within the Kingdom's mining industry value chain, SGR aligns with Saudi Vision 2030 mining initiatives and complies with Ministry of Industry and Mineral Resources regulations and relevant Saudi and international standards. The organization ensures its bullion is responsibly sourced, certified, and traceable while adhering to LBMA Good Delivery and ISO quality standards.

Role Overview

SGR is looking to appoint a Payroll Accountant based in Riyadh to manage the precise and timely processing of payroll for both refining plant and corporate staff. The role requires strict compliance with Saudi labor laws, GOSI regulations, and the Wage Protection System. The successful candidate will handle the complexities of compensation such as shift differentials and overtime related to plant operations.

Key Responsibilities

• Carry out monthly payroll processing including validating attendance, shift allowances, and overtime to ensure correct net salary calculation.
• Manage all mandatory statutory filings such as GOSI contributions, wage protection uploads to Mudad, and ZATCA report submissions within required timelines.
• Reconcile payroll bank transactions with general ledger entries and prepare monthly journal entries for salaries, accruals, and provisions.
• Maintain accuracy and integrity of employee master data within the HRIS and ensure alignment with employment contracts and visa details recorded in Muqeem.
• Provide detailed payroll documentation and variance analysis supporting internal and external audit processes.
• Respond accurately and professionally to employee queries regarding payslips, deductions, and end-of-service benefits.
• Identify and implement process improvements to enhance payroll workflow efficiency and reduce manual errors.
• Calculate final settlements for employees leaving the company, covering pro-rated salaries, unused leave encashment, and end-of-service benefits.

Qualifications

• Bachelor’s degree in Accounting, Finance, or related discipline.
• Minimum of three years’ experience in payroll accounting within Saudi Arabia, preferably in an industrial or manufacturing context.
• Strong knowledge of Saudi Labor Law, GOSI regulations, and the Wage Protection System.
• Advanced proficiency in Microsoft Excel including pivot tables, VLOOKUP, and logical formulas for data analysis.
• Experience working with HRIS and ERP systems such as SAP, Oracle, or local Saudi payroll platforms.
• Capability to adhere to deadlines and maintain accuracy under pressure during monthly closing cycles.
• Fluent English communication skills and working-level Arabic for navigating government portals.
• Sound understanding of internal financial controls and confidentiality standards.

Preferred Qualifications

• Professional certifications in HR or Payroll like CIPD, SHRM-CP, or PHRi.
• Experience in sectors like mining, metals, or heavy industry involving shift-based workforce management.
• Proven record of supporting external audits with minimal issues.
• Knowledge of ZATCA e-invoicing requirements for service providers.

Performance Metrics

• Zero payroll errors in monthly salary payments and bank transfers.
• Complete and timely submission of statutory filings on GOSI and Mudad.
• Payroll reconciliation finalized within three days post payroll period.
• Employee payroll questions answered within two business days on average.
• Compliance with wage protection and social insurance regulations without penalties.
• Accurate accrual of monthly liabilities for end-of-service benefits and leave.
• Successful annual external audits with no major payroll discrepancies.

Equal Opportunity Statement

Saudi Gold Refinery is committed to inclusive hiring, valuing qualifications, skills, and experience while focusing on Saudization and alignment with Vision 2030 priorities.