Compensation & Benefits Specialist

Role Description

The Compensation & Benefits Specialist is responsible for managing all operations related to the disbursement of wages and financial entitlements. This includes collecting attendance data, calculating deductions, and ensuring that all payments comply with the Labor Law and company policies.

Key Responsibilities:

• Payroll Cycle Management: Process monthly payroll cycles accurately and ensure timely disbursement.
• Entitlements Calculation: Calculate overtime, allowances, bonuses, and sales commissions.
• Deductions Management: Handle deductions for social insurance (GOSI), absences, penalties, and employee loans.
• Data Maintenance: Register new hires in the payroll system and update records for current employees (salary adjustments, promotions, and increments).
• Final Settlements: Calculate End-of-Service Benefits (EOSB), vacation encashments, and settlements for resigned or terminated employees.
• Legal Compliance: Ensure full adherence to Saudi Labor Law and update systems according to any legislative changes.
• Reporting & Analytics: Generate periodic payroll cost reports and financial analytics for senior management and HR.
• Employee Relations: Resolve employee inquiries regarding salaries and address any financial discrepancies professionally.

Qualification & Requirements:

• Education: Bachelor’s degree in Human Resources, Business Administration, or a related field.
• Experience: 2 to 10 years of experience in payroll and benefits administration.
• Comprehensive knowledge of Saudi Labor Law.
• Proficiency in Microsoft Office Suite.
• High accuracy in mathematical auditing and detecting financial discrepancies.
• Advanced organizational and time management skills.
• Strong multitasking skills and high work efficiency.