Payroll Manager

FairMoney

Payroll Manager responsible for end-to-end payroll operations at FairMoney, a mobile banking institution in Nigeria. Ensuring compliance and accuracy in payroll processing and employee data management.

Posted 5/19/2026full-timeLagos • 🇳🇬 NigeriaMid-LevelSeniorWebsite

About the role

Key responsibilities & impact

- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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

What you’ll need

- Bachelor’s degree in Accounting, Human Resources, Economics, or a related field.
- Minimum of 5–7 years’ experience in payroll administration or a related function in a fintech, financial services, or fast-paced organization.
- Strong knowledge of Nigerian payroll administration, PAYE, pension, statutory deductions, and labour-related compliance.
- Experience managing payroll for diverse nationalities and international employee populations
- Experience using HRIS, payroll software, and payroll reporting tools.
- Professional certification in HR or Payroll will be an added advantage.
- Advanced Microsoft Excel skills.
- Excellent attention to detail and numerical accuracy.
- Ability to manage sensitive employee information professionally.

Benefits

Comp & perks

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

ATS Keywords

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Applicant Tracking System Keywords

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Hard Skills & Tools

payroll administrationstatutory deductionsPAYEpension managementpayroll reportingdata reconciliationpayroll analyticsfinal salary computationemployee benefits managementpayroll process optimization

Soft Skills

attention to detailnumerical accuracyprofessionalismcommunicationcollaborationproblem-solvingrisk managementorganizational skillstime managementconfidentiality

Certifications

Bachelor’s degree in AccountingBachelor’s degree in Human ResourcesBachelor’s degree in EconomicsHR certificationPayroll certification