AVP - Retirals Lead - BFSI

JOB DESCRIPTION

Position Title: Retirals Lead

Job Purpose

This would be one of the most critical desks of HRSS team with end-to-end processing of Retiral Trust Management

Key Accountabilities

- Trust Management - Administration & Managing the Financials of Trust

- Trustee Meeting

- Statutory Compliance related with Retirals.

Job Duties & responsibilities

- Responsible for full spectrum of Retiral functions - PF/ Gratuity / Pension / Leave Encashment.

- Responsible for managing a Team.

- Act as Custodian of Retirals processes and ensure they follow all statutory requirements and aligned with trust rules and regulation.

- Should have experience in managing Multiple trust administration & books of accounts.

- To ensure timely Retiral processing for all trusts under the organization

- Manages stakeholders across India (particularly Finance, Risk and Legal) and within HR (particularly Reward, Employee Relations & HR Business Partners) to ensure the bank's pension strategy is executed successfully

- Have experience in managing Trustee Meeting.

- Responsible for completion of Trust Audit & filing of returns in the timely manner.

- Manage Retiral Vendors & review the deliverables.

- Should put strong governance in place in all the process whereby making it Audit ready anytime.

- Should review the trust funds in a timely manner, any surplus funds available need to work with Investment Advisories for investing in the market.

- Work with Investment Advisories and other relevant stakeholders to ensure the trust is in compliance as per the investment pattern prescribed by the Ministry of Finance.

Required Experience

- Min 12+ years of HR Shared Services / HR Risk & Governance experience, preferably with a Multinational bank or financial institutions or Technology companies

Education / Preferred Qualifications

- Bachelors or Post graduate qualification and evidence of continued professional development.

Core Competencies

- In depth knowledge of Trust Management and HR Risk and Governance

- In depth understanding of reviewing the Trust Balance sheet & Cash flows.

- Good knowledge on Investment operation for Trust activities.

- Good communication skills dealing with multiple stakeholders

- Knowledge and proficient with MS Office - Excel / Word / Power Point

- Creative thinking / Logical reasoning

- Precision for deliverables / projects assigned

Technical Competencies

- Computer proficiency - Strong Ms Office skills desired

- HR Systems / Workday HRMS knowledge