- Company: Fairmoney Microfinance Bank
- Location: Lagos, Nigeria
- Job type: Hybrid
About the role
FairMoney is building the leading mobile bank for emerging markets. We started with a digital microcredit application and are currently rolling out additional financial services while expanding into Western Africa and South-East Asia. We are looking for a Payroll Associate to join our team in Lagos on a hybrid basis.
In this role, you will work closely with the Compensation and Benefits Manager to ensure the effective administration of payroll and employee compensation processes. Your focus will be on maintaining operational efficiency, accuracy, and compliance while coordinating seamlessly with relevant stakeholders.
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 such as 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.
- 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.
How to apply
Interested and qualified candidates should click here to apply online.
The recruitment process includes a screening session with a member of the recruitment team (30 min), a technical interview with the hiring manager, and a final interview with the People Partner.
