Team Lead - FC&A Services Retirals
Team Lead - FC&A Services Retirals23
Applications
23
Applications
Navi Mumbai
Full-Time
Senior: 10 to 15 years
Posted on Sep 03 2024
About the Job
Skills
PF Compliance
Superannuation
Trust accounting
Team Management
Provident Fund complaince
gratuity
trust
Funds Management
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
About the company
Our motto “Growth is Life” aptly captures the ever-evolving spirit of Reliance. Our activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail, and telecommunications. In each of these areas, we are committed to innovation-led, exponential growth. Our vision has pushed us to achieve global leadership in many of our businesses – including our po ...Show More
Our motto “Growth is Life” aptly captures the ever-evolving spirit of Reliance. Our activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail, and telecommunications. In each of these areas, we are committed to innovation-led, exponential growth. Our vision has pushed us to achieve global leadership in many of our businesses – including our position as the largest polyester yarn and fiber producer in the world. Reliance Industries Limited is a Fortune 500 company and the largest private sector corporation in India.
As Reliance sets sights on even more ambitious goals, we remain inspired and guided by the story and philosophy of our founder chairman Dhirubhai Ambani. Hailing from modest means, he followed his dream to create India's largest company. Reliance as an organization has adopted this ethos of converting adversity into opportunity and making the impossible possible by challenging conventional wisdom.
Our ultimate aim has always been – and will always be – to touch the lives of people in a positive way ...Show Less
Industry
Oil and Gas
Company Size
10001+ Employees
Headquarter
Navi Mumbai, Maharashtra
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