Job Description

The Payroll & Accounting Officer will be responsible for managing end-to-end payroll operations and supporting key accounting functions, ensuring full compliance with Cyprus labour and tax regulations. The role requires a high level of accuracy, autonomy, and professionalism, and offers the opportunity to work within a structured and collaborative university environment.

Main Duties:

1.      Payroll Processing & Compliance

a.      Ensure accurate and timely payroll processing for all employees, including part-time and contract staff.

b.      Calculate and process income tax, social insurance, GESY, provident fund, and other statutory deductions.

c.       Prepare and submit payroll-related tax forms (e.g. TD63, IR7).

d.      Maintain payroll records and handle employee payroll-related queries.

2.      Accounting & Financial Operations

a.      Perform bank reconciliations and monitor daily income entries.

b.      Process financial transactions, including employee-related payments and monthly obligations.

c.       Assist in the preparation of financial statements and internal reports.

3.      Compliance & Reporting

a.      Ensure full compliance with Cyprus tax, social insurance, and labour legislation.

b.      Monitor regulatory changes and support implementation of updates.

c.       Liaise with auditors and relevant authorities when required.

4.      Reconciliation & Analysis

a.      Perform monthly payroll and statutory reconciliations.

b.      Prepare payroll cost reports and support budgeting processes.

5.      Employee Support

a.      Support employees on payroll matters, benefits, and deductions.

b.      Collaborate closely with HR on payroll-related processes and compliance matters.

Qualifications and Skills:

1.      Education & Experience

• Bachelor’s degree in Accounting, Finance, Business Administration or a related field.
• 3-5 years of relevant experience in payroll and accounting.
• Professional qualifications (e.g. LCCI) will be considered an advantage.

2.      Technical Skills

• Strong knowledge of Cyprus payroll, tax regulations, and labour law compliance.
• Knowledge of Soft1 System will be considered an advantage.
• Experience with payroll and accounting systems.
• Proficiency in MS Office, particularly Excel.

3.      Personal Competencies

• High level of accuracy and attention to detail.
• Strong organizational and time-management skills.
• Ability to handle confidential information with integrity and professionalism.
• Effective communication and problem-solving skills.

Why Join Us?

·         13th Salary: Granted after one year of full-time employment

·         Provident Fund: Eligibility after one year of full-time employment

·         21 days of paid Annual Leave

·         Paid Sick Leave

·         Stable and structured working environment within a reputable university

·         Collaborative and professional team culture

·         Opportunities for continuous learning and development

How to Apply

Interested candidates should send their CV to vacancies@frederick.ac.cy no later than 05/08/2026

The subject of the email should be “Payroll & Accounting Officer”. All applications will be treated with the strictest confidentiality. Only candidates who meet the requirements will be invited for an interview.

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About Company

Frederick University

Frederick University is one of the leading private Universities operating in the Republic of Cyprus, a member-state of the European Union. It was established after a decision by the Council of Ministers on 12th September 2007. Although the establishment of the University is relatively recent, the organisation has a long history of more than 60 years in higher education. Frederick University operates from two campuses, the one in Nicosia, the capital of Cyprus, and the second one in Limassol.

The University, enjoying respect and recognition both nationally and internationally and ranked in global University Rankings, offers a broad range of programs of study in the areas of Science, Engineering, Business, Arts, Architecture, Humanities, Health, and Education. The University also has a strong focus on academic research, being one of the leading research organizations in the country.

With its dedication to academic excellence, provision of innovative and high-quality programs of study and active research, Frederick University is an ideal destination for young people interested in obtaining the knowledge, skills and critical thinking needed to address the challenges of the world.