Applications are invited from suitable and qualified candidates for the Position of Payroll Associate at FairMoney MF Bank.
About FairMoney
FairMoney is a digital financial services company that provides quick loans, mobile banking, and payment solutions to individuals and small businesses in Nigeria. Founded in 2017, the company operates through a user-friendly mobile app that enables customers to access instant credit, savings accounts, bill payments, and fund transfers without traditional banking barriers. FairMoney uses data-driven technology and streamlined processes to offer fast approvals and flexible financial services. By expanding access to digital credit and everyday banking tools, FairMoney supports financial inclusion and helps customers manage their money more efficiently.
Summary
- Company: FairMoney
- Job Title: Payroll Associate
- Job Type: Full Time
- Qualification: BA/BSc/HND/Msc
- Location: Lagos (Hybrid), Nigeria
Job Title: Payroll Associate
About The Role
- The Payroll Associate will work closely with the Compensation and Benefits Manager to ensure the effective administration of the company’s payroll and related employee compensation processes, ensuring operational efficiency, accuracy, compliance and seamless coordination with relevant stakeholders.
Key Responsibilities
- Assist with monthly payroll preparation and processing, including salaries, allowances, bonuses, deductions and reimbursements.
- Collect, review and update payroll inputs based on approved employee changes, including new hires, exits, promotions and salary adjustments.
- Assist with the computation and documentation of statutory deductions, including PAYE, pension, NSITF, ITF and NHF.
- Ensure payroll practices comply with relevant Nigerian labour, tax, pension, and data protection requirements.
- Maintain accurate and confidential employee payroll records and documentation.
- Assist with the computation of terminal benefits payments and other exit-related entitlements monthly.
- Respond to routine employee payroll queries and escalate complex issues where necessary.
- Support statutory filings, remittances and payroll-related audits.
- Carry out all other tasks as assigned by your line manager within the stipulated time frame
See Also:
- Fairmoney Microfinance Bank Recruitment 2026
- Payroll Associate at FairMoney MF Bank
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Requirements for the Position of Payroll Associate at FairMoney MF Bank
- Bachelor’s degree in Accounting, Finance, Economics, Human Resources or a related field.
- 3+ years’ of experience in payroll administration, preferably within the financial services industry.
- Good understanding of Nigerian payroll administration, PAYE, pension and other statutory deductions.
- Strong working knowledge of Microsoft Excel and other data analytics tools.
- Familiarity with HRIS or payroll software is an added advantage.
- Strong numerical and analytical skills, with excellent attention to detail.
- Good organizational, communication and problem-solving skills.
- High level of integrity and ability to handle confidential employee information.
- Ability to work collaboratively and meet deadlines in a fast-paced environment.
Benefits
- Private Health Insurance
- Paid Time Off
- Hybrid work
- Training & Development programs.
Deadline
Not Specified
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Method of Application
Recruitment Process:
- Screening session with a member of the recruitment team (30 min).
- Technical Interview with the hiring manager.
- Final Interview with the People Partner.
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