PAYROLL MANAGER AT FAIRMONEY | PAYROLL MANAGER JOBS IN LAGOS

About Company:

FairMoney is a pioneering mobile banking institution specializing in extending credit to emerging markets. Established in 2017, the company currently operates primarily within Nigeria, and it has secured nearly €50 million in funding from renowned global investors, including Tiger Global, DST, and Flourish Ventures.

Job Description:

• The Payroll Manager will be responsible for managing end-to-end payroll operations across the company, ensuring accurate and timely salary processing, statutory compliance, payroll reporting, employee data integrity, and effective collaboration with Finance, HR, Legal, and external payroll/statutory partners.
• The role requires a highly confidential, detail-oriented, and compliance-driven professional who can manage sensitive employee compensation data, resolve payroll issues, and continuously improve payroll processes, controls, and reporting standards.

Key Responsibilities
Payroll Processing and Administration:

• Manage the end-to-end monthly payroll process for all employees within approved timelines and in line with the company’s payroll calendar.
• Ensure salaries, allowances, bonuses, incentives, deductions, loans, reimbursements, and final settlements are accurately processed.
• Maintain and update payroll records in line with approved employee changes, including new hires, exits, promotions, transfers, salary reviews, and unpaid leave.
• Review payroll inputs for accuracy, completeness, and proper approval before processing.

Statutory Compliance:

• Ensure accurate computation and timely remittance of statutory obligations, including PAYE, pension, NSITF, ITF, NHF, and other applicable deductions.
• Liaise with tax authorities, pension administrators, and other regulatory bodies where required.
• Ensure payroll practices comply with relevant Nigerian labour, tax, pension, and data protection requirements.

Payroll Reporting and Reconciliation:

• Prepare monthly payroll reports for management, Finance, and HR leadership.
• Conduct monthly reconciliation of payroll data against HRIS records, bank payment files, Finance records, and statutory deductions.
• Track payroll cost trends, headcount cost movement, employee benefits, deductions, and payroll variances.
• Provide payroll analytics to support budgeting, forecasting, workforce planning, and management decision-making.

Employee Records and Data Management:

• Maintain accurate and confidential employee payroll records and ensure payroll data is properly captured, updated, stored, and protected.
• Work closely with People Operations to ensure employee lifecycle changes are reflected correctly in payroll.
• Ensure all payroll documentation is properly filed and accessible only to authorized persons.

Exit, Final Settlement, and Benefits Administration:

• Compute final salary, accrued leave, deductions, loans, benefits, and other exit-related payments.
• Work with HR and Finance to ensure final settlements are accurate, approved, and processed in line with company policy.
• Ensure all payroll-related exit documentation is properly completed and archived.

Payroll Controls and Process Improvement:

• Develop and improve payroll processes, controls, templates, and standard operating procedures.
• Identify payroll risks and recommend controls to prevent errors, fraud, overpayment, underpayment, or compliance breaches.
• Support automation and optimization of payroll processes using HRIS/payroll systems.

Stakeholder Management:

• Serve as the main point of contact for payroll-related employee queries.
• Collaborate with Finance, People Operations and Legal and Compliance on payroll-related matters.
• Manage relationships with payroll vendors, pension administrators, tax consultants, and other external service providers where applicable.

Requirements:

Salary

Application Closing Date: Not specified

Application Instructions:

Click the button below to apply
 

Recruitment Process

• • Screening with a member of the recruitment team (30 min).
  • Technical Interview with the hiring manager
  •  Final Interview with the Managing Director