BRIEF DESCRIPTIONThe Payroll Associate will work closely with the Compensation and Benefits Manager to ensure the effective administration of the company's payroll and related employee compensation processes, ensuring operational efficiency, accuracy, compliance and seamless coordination with relevant stakeholders.
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FairMoney is building the leading mobile bank for emerging markets. We started with a digital microcredit application on Android, and currently roll out additional financial services (current account, savings, debit card) while expanding the product to Western Africa and South-East Asia.
We are recruiting to fill the position below:
Job Title: Payroll Associate
Location: Lagos (Hybrid)
Job Summary
The Payroll Associate will work closely with the Compensation and Benefits Manager to ensure the effective administration of the company's payroll and related employee compensation processes, ensuring operational efficiency, accuracy, compliance and seamless coordination with relevant stakeholders.
Key ResponsibilitiesAssist with monthly payroll preparation and processing, including salaries, allowances, bonuses, deductions and reimbursements.
Collect, review and update payroll inputs based on approved employee changes, including new hires, exits, promotions and salary adjustments.
Assist with the computation and documentation of statutory deductions, including PAYE, pension, NSITF, ITF and NHF.
Ensure payroll practices comply with relevant Nigerian labour, tax, pension, and data protection requirements.
Maintain accurate and confidential employee payroll records and documentation.
Assist with the computation of terminal benefits payments and other exit-related entitlements monthly.
Respond to routine employee payroll queries and escalate complex issues where necessary.
Support statutory filings, remittances and payroll-related audits.
Carry out all other tasks as assigned by your line manager within the stipulated time frame
RequirementsBachelor's degree in Accounting, Finance, Economics, Human Resources or a related field.
3+ years' of experience in payroll administration, preferably within the financial services industry.
Good understanding of Nigerian payroll administration, PAYE, pension and other statutory deductions.
Strong working knowledge of Microsoft Excel and other data analytics tools.
Familiarity with HRIS or payroll software is an added advantage.
Strong numerical and analytical skills, with excellent attention to detail.
Good organizational, communication and problem-solving skills.
High level of integrity and ability to handle confidential employee information.
Ability to work collaboratively and meet deadlines in a fast-paced environment.
BenefitsPrivate Health Insurance
Paid Time Off
Hybrid work
Training & Development programs.
Application Closing DateNot Specified.
How to Apply
Interested and qualified candidates should:Click Apply Now button to apply
Recruitment Process:
Screening session with a member of the recruitment team (30 min).
Technical Interview with the hiring manager.
Final Interview with the People Partner.
How To Apply
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Make sure you are logged in and your email is verified (Register if you dont have an account).
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Click the Apply Now button above.
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Your default email application or application link will open.
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Attach your Application letter, updated Curriculum Vitae (CV) and any supporting documents required.
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Use a professional subject line such as Application for "Indicate Position"
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Send your application before the closing date.
Note: Only shortlisted candidates are contacted.
