FairMoney, a mobile banking platform is recruiting for a Payroll Manager.
The Payroll Manager will be accountable for overseeing the complete payroll operations of the company, including the accurate and timely processing of salaries, the maintenance of statutory compliance, the reporting of payroll information, the protection of employee data, and the effective collaboration with Finance, HR, Legal, and external payroll/statutory partners.
Learn more about eligibility requirements, job responsibilities, benefits and mode of application for this role in the sections below.
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Quick Summary of Payroll Manager at FairMoney – How to Apply
| Company | FairMoney |
| Category | Job |
| Job Type | Full time |
| Title | Payroll Manager |
| Location | Hybrid – Lagos, Lagos, Nigeria |
| Experience level | 5–7 years’ |
| Application End Date: |
About FairMoney
FairMoney is a mobile banking platform that is credit-led and designed for emergent markets. The company was established in 2017 and is based in Nigeria. It has secured nearly €50 million in funding from global investors such as Tiger Global, DST, and Flourish Ventures. For the majority of positions, it is feasible to contribute to FairMoney either remotely or in one of our offices, which are located in Paris, Bangalore, Lagos, İstanbul, and Riga.
Job Summary
- The Payroll Manager will be in charge of overseeing all payroll operations throughout the organization, including accurate and timely salary processing, statutory compliance, payroll reporting, employee data integrity, and effective collaboration with Finance, HR, Legal, and external payroll/statutory partners.
- The position demands a highly confidential, detail-oriented, and compliance-driven expert capable of managing sensitive employee compensation data, resolving payroll difficulties, and consistently improving payroll procedures, controls, and reporting standards.
Key Responsibilities:
Payroll Processing and Administration
- 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.
Statutory Compliance
- 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.
Payroll Reporting and Reconciliation
- 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.
Employee Records and Data Management
- 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.
Exit, Final Settlement, and Benefits Administration
- 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.
Payroll Controls and Process Improvement
- 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.
Stakeholder Management
- 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
- 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
- Private Health Insurance
- Paid Time Off
- Hybrid work
- Training & Development programs
Recruitment Process:
- Screening with a member of the recruitment team (30 min).
- Technical Interview with the hiring manager
- Final Interview with the Managing Director
Mode of Application
Interested and qualified candidates should apply online through the FairMoney recruitment portal:
- Step 1: Click the “Apply Here” button below to be redirected to the application page.
- Step 2: Complete the online application form and upload your current CV.
- Step 3: Submit your application
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