Payroll Associate

Manages the daily payroll operations for Crescent Petroleum. Reviews the payroll processes while ensuring compliance with payroll legislation. Maintains and distributes petty cash expenditures according to the company’s accounting principles and guidelines. Supports the development and implementation of accounting policies, systems, and procedures particularly those related to payroll and petty cash. Reports to the Senior Manager, Payroll & Cost Control.

ESSENTIAL FUNCTIONS

Payroll Operational Responsibilities

• Manages the daily payroll operations for Crescent Petroleum to ensure that all payroll transactions and reports are processed and completed according to Crescent Accounting guidelines.
• Reviews and monitors the payroll summary reports for accuracy and compliance and manages related activities such as housing advance. Ensures adherence to Crescent generally accepted accounting principles.
• Releases all approved salaries and allowances in coordination with concerned entities and the Human Resources department.
• Reviews and monitors the banking activities such as employee loans and performs required actions accordingly.
• Analyses the employees’ timesheets which provide breakdown of working hours/vacations. Takes necessary actions when needed.
• Contributes to the development and implementation of generally accepted accounting policies and procedures specifically those related to the payroll function.
• Maintains all relevant documents and records of the payroll operations.

Transaction and Petty Cash Processing

• Processes ledger and booking entries according to required procedures. Identifies routine errors and anomalies so that all transactions are recorded in a timely and accurate manner.
• Calculates, posts, and verifies entries to obtain and record financial data to be used in maintaining Accounting and statistical records for Crescent Petroleum.
• Performs accounts receivable/payable activities in accordance with Crescent Accounting principles to ensure accurate documentation and reporting of all accounts receivable/payable within the company.
• Manages the petty cash expenses and approves related requests.

Reporting and Communication

• Reports to the Senior Manager, Payroll & Cost Control on all payroll and petty cash issues.
• Liaises with external bodies and representatives (e.g. UAE regulatory authorities & banks) to verify certain information (e.g. bank loans).
• Maintains and exhibits excellent working relationships with all Crescent staff.

• Conducts regular research on accounting and payroll best practices and recommends subsequent strategies and plans to improve the payroll function.

Minimum Educational, Technical Qualifications/Certifications Required

• Degree in Accounting and/or Finance or a superior accounting qualification.

Minimum Professional Experience Required

• 10 to 12 years of relevant accounting experience preferably within a multinational financial firm.
• Chartered Accounting Certification (CA/ACCA).
• 4-5 years of recent experience in SAP (S4HANA/FICO).