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Retirals Manager

Salary

₹10 - 20 LPA

Min Experience

5 years

Location

Bengaluru, Karnataka, India

JobType

full-time

About the job

Info This job is sourced from a job board

About the role

Introduction

As a Retirals Manager, your primary responsibility is to oversee and manage all aspects of the employee retiral benefit process, ensuring a smooth, compliant, and positive experience for departing employees while safeguarding the organization's interests. Your role involves strategic planning, operational execution, and ensuring compliance with relevant regulations.

Your Role And Responsibilities

  • Manage the end-to-end process of retiral benefits administration, including application processing, calculation of benefits (Gratuity, Superannuation, PF & Pension), and timely disbursement.
  • Supervise the management of in-house Retirals proces including financial oversight, trustee meetings and compliance.
  • Ensure timely and accurate preparation and submission of statutory returns and reports to relevant authorities.
  • Create communication strategies and tools for informing employees about retirement policies and benefits.
  • Ensure accurate and up-to-date maintenance of all retirement-related records and documentation for compliance and audit purposes.
  • Address and resolve employee queries and grievances related to retiral process.
  • Lead and establish a team of retiral practitioners to enhance collaboration and efficiency.
  • Collaborate effectively with internal stakeholders like offboarding, payroll, employee Manager, Finance, Legal, and other relevant departments.
  • Liaise with regulatory authorities (e.g., EPFO) and other external partners

Preferred Education

Bachelor's Degree

Required Technical And Professional Expertise

  • Ensure all retiral processes comply with relevant statutory regulations (e.g., PF Act, Gratuity Act, Pension Schemes, Income Tax rules) and internal policies, mitigating potential risks.
  • Continuously identify areas for process improvement and implement changes to enhance efficiency, accuracy, and the employee experience.
  • Set performance goals, provide feedback, and conduct performance appraisals for the team.
  • Identify training needs and ensure the team has the necessary knowledge and skills to perform their roles effectively.
  • A Retirals Manager should possess strong leadership, strategic thinking, project management, and decision-making skills. They should also have a strong ethical compass and a commitment to employee welfare and regulatory compliance.
  • The core objective is to ensure a seamless and compliant retirals process for all employees.

Preferred Technical And Professional Experience

  • Design, review, and update the organization's retiral benefit process are in line with legal requirements and best practices.
  • Contribute to the overall strategy for retiral benefits, ensuring they are competitive, sustainable, and aligned with the organization's goals.
  • Liaise with regulatory authorities (e.g., EPFO) and other external partners.

Skills

compliance
project management
decision-making
strategic thinking
leadership