Retiral Specialist

1 week ago

Bengaluru Vadodara, India GE VERNOVA Full time ₹ 1,04,000 - ₹ 1,30,878 per year

**Summary****

Retiral Specialists are responsible for managing the day-to-day Retiral Function with respect to Provident Fund/Superannuation Fund/Gratuity Fund/NPS. They should have a good knowledge on the latest updates with respect to retiral management and hands on exposure on day to day working on the operational part of Retiral work related to Remittance of Provident Fund/Settlement of Gratuity Fund/Settlement of Superannuation Fund/Assisting employees in any escalations/Bookkeeping with respect to Retiral Trusts

Responsibilities

  • Ensure statutory remittance happens on time monthly with respect to Provident Fund/Professional Tax/ESI/LWF/Superannuation Fund/NPS after checking the controls and validate the data.
  • Ensuring Gratuity payments happens to employees leaving the organization within the statutory timeline.
  • Monitoring of PF Claims/Gratuity Claims/SAF claims and updating the Tracker on a weekly basis and sharing the same with HRM.
  • Maintaining Notice Tracker on PF/ESI/LWF/PT and follow up on Closure for any notice for this entity.
  • Close Follow up on settlement of old claims with respect to PF/SAF/Gratuity
  • Support on NPS Portability
  • Assisting on NPS Migration Forms
  • Tracking the Monthly PF Remittance file and updates all challans in SC Tool
  • Interaction with Auditors on Statutory Remittances related to Payroll related Deductions
  • Tracking & updating the changes in all statutory records with respect to change in composition of authorized personnel inside the organization
  • To work on reengineer the best practices and should work towards improvement to the existing process.
  • Updating KYC/Exit dates/Downloading of active master to find out the missing data, Guiding on E Nomination process and Creating of UAN and linking of Aadhar to UAN and verifying the same in system
  • Must be able to connect with employees and guide them with the Process flow on any Provident Fund or Pension Fund rejection and should be able to navigate with steps to mitigate the Rejection
  • Must work very closely with service provider for resolution of any query and able to turn around in a quick TAT on escalations that comes.
  • Able to interact with Actuary and Finance Team on Actuary valuation exercise as per AS 15 and US GAP Accounting. Should be able to compile the data and share with Actuary and respond to all queries raised by Actuaries and Finance team in this regard.
  • Support on Statutory Audit and Trust Audit Compliance.

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