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

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 payrollrelated 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 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.

Key Qualifications
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.

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.

Application Closing Date
Not Specified. 

How to Apply
Interested and qualified candidates should:
Click here to apply online