PalmPay is an Africa-focused fintech firm, launched in 2019. PalmPay is a mobile payments platform that offers a number of financial services.
We are recruiting to fill the position below:
Job Title: Payroll Specialist
Location: Lagos
Job Type: Full-time
Role Overview
- The Payroll Specialist is responsible for managing and executing end-to-end payroll processes at PalmPay.
- This role ensures accurate salary computation, statutory compliance, and timely payments while maintaining high levels of confidentiality and data integrity.
- The ideal candidate must possess strong analytical skills, sound knowledge of Nigerian payroll legislation, and experience in the financial services industry.
Key Responsibilities
Payroll Administration:
- Manage end-to-end payroll processing for all employees, ensuring timeliness and accuracy.
- Collect, review, and validate payroll inputs (attendance, overtime, allowances, deductions, bonuses).
- Reconcile payroll data with HR and Finance records.
- Prepare and distribute payslips to employees.
Statutory Compliance:
- Ensure accurate calculation and remittance of statutory deductions (PAYE, Pension, NHF, NSITF, ITF, etc.) in line with Nigerian laws.
- Stay updated on labor laws, tax regulations, and statutory requirements.
- Liaise with regulators and external auditors on payroll-related matters.
Reporting & Analysis:
- Prepare payroll reports for management, auditors, and regulators.
- Support HR and Finance in budgeting and forecasting staff costs.
- Maintain accurate payroll records and ensure data confidentiality.
Systems & Process Improvement:
- Utilize HRIS and payroll software to improve accuracy and efficiency.
- Recommend and implement process improvements in payroll administration.
- Ensure system upgrades and integrations are properly configured for payroll needs.
Employee Support:
- Address payroll-related queries from employees promptly and professionally.
- Collaborate with HR on compensation and benefits issues.
- Provide clarity to employees on deductions, benefits, and payroll policies.
Key Performance Indicators (KPIs)
- Accuracy of payroll runs (error-free).
- Timeliness of payroll processing and statutory remittances.
- Employee satisfaction with payroll services (measured via HR surveys).
- Compliance with labor and tax regulations.
- Reduction in payroll processing time through automation.
Key Qualifications
Education & Experience:
- Bachelor’s degree in Accounting, Finance, Business Administration, or a related field.
- 3–5 years of proven payroll management experience, preferably within the financial services sector.
- Strong knowledge of Nigerian payroll legislation, tax compliance, and statutory remittances.
- Experience with HRIS and payroll systems (e.g., SAP, Sage, PayDay, Oracle, etc.).
Skills & Competencies:
- Strong numerical and analytical skills with keen attention to detail.
- Excellent organizational and time management abilities.
- High integrity and the ability to handle confidential information.
- Good communication and interpersonal skills.
- Proficiency in Microsoft Excel and payroll reporting tools.
- Problem-solving ability and a process improvement mindset.
Compensation & Benefits
- Competitive salary and performance-based incentives.
- Pension and statutory benefits.
- Health and wellness coverage.
- Career development and training opportunities.
- A collaborative and innovative work environment.
Application Closing Date
Not Specified.
How to Apply
Interested and qualified candidates should:
Click here to apply online