Payroll Associate at FairMoney

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 Responsibilities

• Assist 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

Requirements

• Bachelor'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.

Benefits

• Private Health Insurance
• Paid Time Off
• Hybrid work
• Training & Development programs.

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.