Payroll Accountant Job at Nestoil Plc

Nestoil Plc was incorporated in Nigeria in 1991 for the provision of Engineering, Procurement and Construction (EPC) services to the energy and oil & gas industry. Since then, Nestoil has grown to become the leading indigenous EPC provider for major IOCs (International Oil Companies) in Sub-Saharan Africa like National Petroleum Company (NNPC) Shell, Exxon Mobil, Chevron, Total, etc.

We are recruiting to fill the position below:

Job Position: Payroll Accountant

Job Location: Nigeria
Employment Type: Full-time

Job Description

• We are on an evolutionary journey where we’re changing our story. We are looking to hire an experienced Payroll Accountant to join our diverse team in our Company.
• In this role, you will manage the payroll process, ensure compliance with federal and state regulations, and maintain accurate payroll records.
• The ideal candidate will have a strong understanding of payroll accounting principles and practices, excellent analytical skills, and the ability to work in a fast-paced environment.

Responsibilities
As a Payroll Accountant, you will be responsible for:

• Managing the payroll process, including processing payroll, verifying payroll data, and ensuring accurate and timely payment of employees. 
• Ensuring compliance with federal and state regulations related to payroll, including tax withholding, benefits, and payroll deductions.
• Maintaining accurate payroll records and prepare reports for management and regulatory agencies.
• Communicating with employees regarding payroll-related inquiries and issues.
• Providing support for audits related to payroll and benefits.
• Reconciling payroll accounts and resolve any discrepancies in a timely manner.
• Collaborating with HR to ensure accurate employee data and maintain employee payroll records.
• Developing and implementing processes and procedures to improve payroll efficiency and accuracy.
• Assisting with other accounting and finance functions as needed.

Requirements
What are we looking for:

• First Degree in Finance/ Accounting/ Economics
• Minimum of 3-5 years of experience in payroll accounting
• A postgraduate degree will be an added advantage.
• Relevant professional qualification e.g., Institute of Chartered Accountants of Nigeria (ICAN), Association of Certified and Chartered.
• Familiarity with payroll software and systems, such as SAP is preferred.
• Strong understanding of payroll accounting principles and practices
• Excellent analytical and problem-solving skills
• Strong attention to detail and ability to work accurately in a fast-paced environment
• Knowledge of federal and state payroll regulations
• Excellent communication and interpersonal skills
• Ability to work independently and as part of a team
• Proficiency in Microsoft Excel.