Applications are invited from suitable and qualified candidates for the Position of Payroll Specialist at Palmpay Limited.
About Palmpay Limited
PalmPay is a fintech company providing digital payment services catering to both consumers and merchants. It offers an intuitive digital wallet that combines account opening, money transfers, and bill payments into a single platform. Users can earn rewards as they make transactions. The digital wallet concept is akin to a centralized platform for managing various financial activities conveniently.
Summary
- Company: Palmpay Limited
- Job Title: Payroll Specialist
- Job Type: Full Time
- Job Location: Lagos
- Deadline: Not Specified
Job Title: Payroll Specialist
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 Responsibilities
Payroll 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.
See Also:
Key Qualifications for Payroll Specialist at Palmay Limited
Education & 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.
Deadline
Not Specified
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