Team Lead - FC&A Services Retirals

Reliance Industries Limited


Date: 3 weeks ago
City: Navi Mumbai, Maharashtra
Contract type: Full time
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

How to apply

To apply for this job you need to authorize on our website. If you don't have an account yet, please register.

Post a resume

Similar jobs

Internal Audit - Other Group Companies

Reliance Industries Limited, Navi Mumbai, Maharashtra
5 days ago
Job DescriptionJob Role: Team Member Money, Materials & CompliancesJob Role ID:- 81449163 SECTION I: BASIC INFORMATION ABOUT THE JOB ROLEJob Role Variant: Sr. Team Member Money, Materials & CompliancesManager Job Position: Team Lead Money, Materials & CompliancesJob Position ID: - 46347123Value Stream: MM&CJob Family: MM&CSub-Job Family: MMC - Business PartnershipGrade/Level: -Location: - Navi Mumbai SECTION II: PURPOSE OF THE ROLETo...

Engineer, Sales

OPW Global, Navi Mumbai, Maharashtra
1 week ago
Since 1892, OPW customers have been able to count on us to revolutionize fluid-handling operations around the world. As a global leader in fluid-handling solutions, the mission of OPW is to be a developer of a comprehensive array of innovative fluid-handling solutions that our customers can consistently and reliably count on. These include loading and unloading systems for high-value hazardous...

Software Engineer

Morningstar, Navi Mumbai, Maharashtra
2 weeks ago
Title – Software Engineer, MumbaiLocation: Vashi, Navi MumbaiCompany: Morningstar is a leading provider of independent investment research in North America, Europe, Australia, and Asia. We offer a wide variety of products and solutions that serve market participants of all kinds, including individual and institutional investors in public and private capital markets, financial advisors, asset managers, retirement plan providers and sponsors,...