Team Lead - FC&A Services Retirals

Job Description

Accountabilities Ensure appropriate coverage / compliance of PF / Superannuation / Gratuity for the establishments within the group. Collate, verify and submit all documents required for trust creation like IT exemption approvals, obtaining PF code numbers, obtaining PAN / TAN numbers etc. Ensure compliance relating to statutory payments and monthly / annual returns related to PF / Gratuity / Superannuation (as applicable) Ensure that the nomination forms for PF / Gratuity / Superannuation are submitted to the concerned authorities. Ensure timely issuance of members slips for PF from RPFC (Regional Provident Fund Commission) Ensure timely renewal of EDLI exemption requests with the PF trust as applicable. Ensure timely and effective resolution of queries by external statutory authorities. Respond to and manage all inspection requests made by statutory authorities. Ensure submission of books of accounts to the PF Commissioner post receipt of the audited accounts from Team Leader Accounts and Fund Management Ensure provision of all necessary data / information to the inspection authorities as and when required. Escalate to the Head of Department in case of any complex or non-routine issues (e.g.x co-ordination required with other internal departments etc.) Ensure proper support for smooth handling of all Trust meetings. Review the notice and agenda prepared for the Trust meeting and ensure that same is circulated to concerned stakeholders. Provide support to the Team Leader Process Owner for conducting periodical meetings of the trustees. Review / prepare the minutes of the meeting and ensure the same is signed by the chairman. KEY DECISIONS Decision regarding adherence to compliance requirements with respect to all documents to be submitted for payment / renewals etc. Decision regarding accuracy of data for filing of returns on monthly and annual basis Decision regarding accuracy of data for actuarial valuation Decision regarding resolution of exceptional / non-standard issues MAJOR CHALLENGES To ensure appropriate and timely response to various statutory inspections and related queries To ensure compliance with all the legal / statutory requirements with respect to retirals including contractor compliance Skills Communication and Interpersonal Skills Analytical Skills Influencing Skills Decision Making Skills Execution Skills Knowledge Knowledge of Laws relating to Provident Funds, Superannuation Gratuity and Trusts. Knowledge of secretarial aspects related to Trusts Knowledge of Reliance Standard Operating Procedures relating to PF, SA and Gratuity. Knowledge of settlement processes related to PF / SA / Gratuity Knowledge of Trust Accounting Practices and related Accounting Standards. Knowledge of Investments Options Funds Management. Knowledge of Banking Processes Knowledge of Laws relating to Income Tax. Changes in economic and regulatory framework Knowledge of ERP system deployed in the organization Knowledge of Performance Metrics and the nature of measurement Show more Show less