Payroll Associate

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 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.