Employee Cost Accounts Unit Manager | Saudi Holding Co.

Cairo, Egypt

Leverage your abilities and join the dynamic team of a leading Saudi holding company that owns a group of companies in the retail and perfume sector, and expanding their operations to Egypt.

Work Location: Cairo, Egypt.

As a Employee Cost Accounts Unit Manageryou will be responsible of all stuff cost & employees benefits payments and the related accounting JVs recording and reporting, maintaining the maximum confidentiality levels complies with this function sensitivity nature. Full controls over the staff payments assuring the accuracy in values & timing abiding by the company policies. Full alignment with HR department assuring the supporting documents and approvals in place. Complete reconciliation between HR system and finance system reporting zero unreconciled balances.

Key Accountabilities

  • Reviewing and recording monthly salary files extracted from HR system after reconciling and adjusting any discrepancies along with HR, assuring the updated final file extracted is free of any errors or miscalculations.
  • Processing employees monthly bank transfer files/checks or cash disbursement assuring it matches both the HR system & the finance system.
  • Full control over employees’ cash custody and its reimbursements assuring the utilization as per the company policies, having all the supporting documents and approvals in place. Having all petty cash transactions updated and recorded on system on timely basis.  
  • Reviewing and recording the sales staff commissions assuring full reconciliation with HR commission file as per the sales targets defined by the operation department.
  • Control actual commission payments along with related accruals in accordance with the company commission scheme, procedures and pre-defined targets.
  • Handling employees’ housing allowances advances/Employees cash advances in terms of fund bank transfers processing and accounting JV recording assuring monthly amortization of these advances, along with HR department.
  • Handling employees’ leaver checklist (clearance) from finance perspective assuring the final settlement calculations and releasement (including employee advances, loans, annual leave balance payment custody,,,etc).
  • Develop internal control and procedures to mitigate the risk of having improper payment.

Knowledge, Skills, and Experience

We are Looking for: 

  • Bachelor’s degree in Accounting, Finance, Business Administration, or a related field.
  • Minimum 5 years of experience in accounting or finance as a manager, with a focus on employee benefits and staff cost payments.
  • Demonstrated ability to maintain high levels of confidentiality due to the sensitive nature of the role.
  • Proficiency in accounting software and financial reporting tools.
  • Experience with HR and finance systems reconciliation.
  • Strong attention to detail ensuring accuracy in payment values and timing.
  • Thorough understanding of company policies related to staff payments.
  • Strong coordination skills to ensure alignment with the HR department and proper documentation.
  • Excellent analytical and problem-solving abilities.
  • Effective communication skills for liaising with various departments and stakeholders.
  • Knowledge of regulatory requirements and compliance standards in payroll and benefits administration.

Employee Cost Accounts Unit Manager | Saudi Holding Co.

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Employee Cost Accounts Unit Manager | Saudi Holding Co.

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