Zurich Kotak - Provident Fund Compliance Specialist

We are looking for an experienced Provident Fund Compliance Specialist to manage and ensure end-to-end compliance of Provident Fund (PF) operations for our organization.

This role involves overseeing both exempted and non-exempted trusts, ensuring statutory compliance, handling regulatory notices, and maintaining seamless coordination with relevant authorities.

Key Responsibilities:

Financial & Operational Management:.

- Oversee PF fund accounting for exempted trusts, ensuring accuracy and compliance.

- Coordinate with finance teams for PF remittances, reconciliations, and fund performance reviews.

- Administer PF contributions, withdrawals, transfers, and loans while ensuring timely compliance.

- Ensure accurate and timely filing of PF returns (Form 5, 10, 12A, 3A, 6A, etc.) with the Employees' Provident Fund Organization (EPFO).

Compliance & Regulatory Oversight:.

- Monitor EPF Act, 1952, and other relevant labor laws to ensure statutory adherence.

- Draft, review, and respond to notices or inquiries from EPFO and regulatory bodies.

- Conduct internal audits and compliance checks, identifying and resolving gaps proactively.

Stakeholder & Employee Engagement:.

- Act as the primary point of contact for EPFO, auditors, and legal authorities.

- Address employee queries and grievances related to PF promptly.

- Work closely with HR, Finance, and Legal teams for seamless PF administration.

Training & Policy Updates:.

- Track and interpret PF legislative changes, amendments, and government circulars.

- Conduct training sessions and workshops for HR teams and employees on PF policies and benefits.

- Update company policies and SOPs in alignment with the latest PF regulations.

Qualifications & Experience:.

- Bachelor's/Master's degree in HR, Finance, Law, or a related field.

- 4-10 years of experience in PF compliance and trust management, preferably in a large organization.

- Strong understanding of EPF Act, exempted trust rules, and relevant labor laws.

- Proficiency in HRMS/SAP, EPFO online portals, and compliance management tools.

Key Competencies:.

- Strong analytical and problem-solving skills.

- Excellent communication and stakeholder management abilities.

- Detail-oriented with a proactive approach to compliance.

- Ability to handle confidential information with integrity.