Opportunity at
FairMoneyPayroll Associate
FairMoney, a mobile banking institution founded in 2017 with operations primarily in Nigeria, is seeking a Payroll Associate to join the team on an on-site basis.…
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About This Role
FairMoney, a mobile banking institution founded in 2017 with operations primarily in Nigeria, is seeking a Payroll Associate to join the team on an on-site basis. Backed by investors such as Tiger Global, DST, and Flourish Ventures, FairMoney builds digital financial services including microcredit apps, current and savings accounts, debit cards, and point-of-sale solutions for emerging markets. In this role, the Payroll Associate collaborates with the Compensation and Benefits Manager…
Job Description
FairMoney, a mobile banking institution founded in 2017 with operations primarily in Nigeria, is seeking a Payroll Associate to join the team on an on-site basis. Backed by investors such as Tiger Global, DST, and Flourish Ventures, FairMoney builds digital financial services including microcredit apps, current and savings accounts, debit cards, and point-of-sale solutions for emerging markets.
In this role, the Payroll Associate collaborates with the Compensation and Benefits Manager to manage compensation processes, maintain accurate records, and coordinate with stakeholders. This position is well-suited for a detail-oriented professional with experience in financial services administration who can handle confidential employee data and ensure adherence to local regulations.
Responsibilities
- Prepare and process monthly salaries, allowances, bonuses, deductions, and reimbursements
- Gather, examine, and update payroll inputs for new hires, departures, promotions, and compensation modifications
- Calculate and document statutory deductions including PAYE, pension, NSITF, ITF, and NHF
- Verify that payroll operations adhere to Nigerian labor, tax, pension, and data protection regulations
- Keep employee payroll records secure, accurate, and confidential
- Compute exit-related entitlements and terminal benefit payments each month
- Address standard employee inquiries regarding payroll and escalate difficult matters appropriately
- Aid in payroll audits, statutory filings, and remittances
- Perform additional tasks designated by the line manager within established deadlines
Requirements
- Bachelor's degree in Accounting, Finance, Economics, Human Resources, or a related discipline
- Minimum of three years of experience in payroll administration, preferably within financial services
- Knowledge of Nigerian payroll practices, PAYE, pensions, and statutory withholdings
- Proficiency in Microsoft Excel and data analytics tools
- Strong numerical accuracy, analytical ability, and attention to detail
- Organization, communication, and problem-solving abilities
- Commitment to integrity and managing sensitive personnel data securely
- Capacity to collaborate and meet deadlines in a fast-paced setting
Qualifications
- Familiarity with Human Resources Information Systems or payroll software
Core Skills
Benefits
- Private Health Insurance
- Paid Time Off
- Hybrid work
- Training and Development programs
Frequently Asked Questions
Answers are based only on the employer’s listing; where it doesn’t say, neither do we.
What is the location or work arrangement for the Payroll Associate?
The job posting states that the remote status is on-site, though the benefits section also mentions hybrid work.
What educational background is required for this role?
Candidates must hold a Bachelor's degree in Accounting, Finance, Economics, Human Resources, or a related field.
How many years of experience are needed?
Applicants must have at least three years of experience in payroll administration, preferably inside the financial services industry.
What does the recruitment process involve?
The hiring process consists of a 30-minute screening session with a recruitment team member, a technical interview with the hiring manager, and a final interview with a People Partner.
What is the salary for this position?
The salary is not specified in the job posting.
Sample Interview Questions
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