Experienced Payroll Officer at Bosak Microfinance Bank Limited

Job Description

• Ensures all payroll relevant transactions are collected and processed efficiently and obtain approval
• Ensures payroll data are maintained and updated from attendance machine and process for payroll information
• Maintaining payroll operations by following policies and procedures
• Maintain employees related ledger reconciliation with finance team and take necessary adjustment for correction
• Advise Financial Control Uniton expected fund for salary disbursement periodically in advance
• Compile summaries of earnings & deductions (Taxes, Pension, NHF, Loan, Leave, Gratuity etc.) and all statutory schedules/remittances for report and ensure payment accordingly
• Determine payroll liabilities by forecasting to mitigate the impact on P&L ledger and workers compensation payments with Finance Department
• Resolving payroll discrepancies and ensures all employees have access to their pay-slips
• Calculate and prepare employee entitlements accurately and promptly.
• Generate comprehensive monthly salary reports and manage statutory remittances (P.A.Y.E., Pension, Insurance reports, NSITF, Union dues, Co-operative, etc.).

External / internal relationship:

• Lagos Internal Revenue Service (LIRS)
• Nigeria Social Insurance Trust Fund (NSITF)
• Pension Administrators/Pension Custodians
• Finance/Account Department
• Union Executives
• All employees.

Qualifications / Requirements

• B.Sc. / HND in Accounting, Human Resources or a relevant field.
• Relevant certifications (an advantage, but not mandatory).
• Minimum of 4 years' experience in a similar role.
• Proficiency in payroll preparation using ERP software, preferably Microsoft Dynamics Business Central (Sage & Oracle experience considered).
• Advanced expertise in Microsoft Excel for data analysis and reporting.
• Exceptional attention to detail.
• Excellent communication skills, demonstrating clarity and conciseness.
• Strong organizational skills to manage multiple tasks effectively.

Why work with Bosak Microfinance Bank Limited?
We offer the following Benefits:

• Salary: N80,000 - N130,000 Monthly.
• If you desire to work in an organization where employee motivation is key and passion is rewarded, then Bosak MFB might be the place for you.
• We are committed to building an open and rewarding work environment where all employees have equal opportunities for growth to realize their full potential.
• Our remuneration and employee welfare packages are among the best in the industry.

We offer the following Benefits:

• HMO
• Constant Training and Development
• Leave & Passage Allowance
• Performance Induced Pay
• 13th Month