Payroll Specialist

3 days ago

Lagos, Lagos, Nigeria Palmpay Limited Full time

About PalmPay

PalmPay is a dynamic financial institution dedicated to empowering individuals and businesses with innovative financial products and services. As we continue to grow, we are committed to building efficient people processes that enhance employee experience and strengthen organizational performance.

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, a sound knowledge of Nigerian payroll legislation, and experience in the financial services industry.

Key ResponsibilitiesPayroll Administration
  • Manage end-to-end payroll processing for all employees, ensuring timeliness and accuracy.
  • Collect, review, and validate payroll inputs (e.g., 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 in a timely and professional manner.
  • Collaborate with HR on compensation and benefits issues.
  • Provide clarity to employees on deductions, benefits, and payroll policies.
Key QualificationsEducation & Experience
  • Bachelor's degree in Accounting, Finance, Business Administration, or 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 attention to detail.
  • Excellent organizational and time-management abilities.
  • High level of integrity and ability to handle confidential information.
  • Good communication and interpersonal skills.
  • Proficiency in Microsoft Excel and payroll reporting tools.
  • Problem-solving and process improvement mindset.
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.
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.

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