Payroll Specialist at PalmPay Limited

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
Employment Type: Full-time

Role Summary

• We are seeking an experienced Payroll Specialist who will be responsible for ensuring accurate and timely processing of the company's payroll.
• This role involves meticulous attention to detail in calculating wages, preparing and processing payments, and resolving payroll discrepancies. As a payroll specialist, you must be able to use MS Excel with accuracy and efficiency.
• You must be very good with numbers and can be trusted with sensitive information.
• You must also possess great communication skills to interact with colleagues and executives.
• The goal is to ensure personnel receive the correct compensation in a timely manner.

Responsibilities

• Gather information on hours worked for each employee
• Calculate the correct amount incorporating overtime, deductions, bonuses
• Receive approval from upper management for payments when needed
• Address and resolve employee complaints relating to the payroll system
• Work with company database programs to process payroll
• Prepare reports to relevant departments about payroll, company budget and expense
• Prepare and execute pay orders through an electronic system
• Administer statements of payment (Pay Slips) to personnel either electronically or on paper
• Process taxes and payment of employee benefits
• Keep track of hour rates, wages, compensation benefit rates, new hire information etc.
• Address issues and questions regarding payroll from employees and superiors
• Prepare reports for upper management.

Required Skill Set
Must Haves:

• Bachelor's Degree in Accounting, Finance, Math & Statistics or related field.
• 3 years proven experience as payroll specialist or payroll manager
• Solid understanding of accounting fundamentals and payroll best practices
• Very good knowledge of legislation and regulations of the field
• Proficient in MS Office and good knowledge of relevant software and databases
• Trustworthy with attention to confidentiality
• Outstanding organizational ability with great attention to detail
• Excellent communication skills

Desired:

• Experience in a Fintech/ Financial institution with a relatively large workforce.

Application Closing Date
Not Specified.