The Assistant Manager of Provident Fund Management & Finance Operations plays a crucial role in overseeing and managing the employee Provident Fund (PF) processes within Outfitters Stores Pvt. Ltd. This position requires a thorough understanding of financial analysis, budget management, and performance reporting. The Assistant Manager ensures that employee contributions, interest accruals, and withdrawals are accurately recorded and compliant with applicable laws and guidelines. This function is vital for maintaining employee trust while also facilitating the efficient processing of PF claims, which includes withdrawals, transfers, and final settlements. Due to the nature of the role, strong analytical skills and proficiency in Microsoft Excel are essential for success in this position.
Responsibilities
Maintain accurate and up-to-date records of employee contributions, interest accruals, and withdrawals related to the Provident Fund.
Ensure compliance with Employee Provident Fund (EPF) guidelines, proactively monitoring changes in statutory updates to maintain adherence.
Efficiently process PF claims including withdrawals, transfers, and final settlements, working closely with the HR department and internal PF trust.
Respond promptly to employee inquiries regarding PF accounts, delivering clear and informative guidance to enhance their understanding.
Develop, prepare, and submit periodic reports to senior management and relevant statutory organizations, ensuring transparency and compliance.
Collaborate with internal and external auditors during PF audits, facilitating smooth operations, and addressing inquiries swiftly.
Assist in formulating and continuously improving policies related to employee benefits and statutory compliance, guaranteeing alignment with legal standards.
Work in partnership with HR to ensure accurate and timely payroll processing while addressing any discrepancies that may arise.
Facilitate the process of opening employee bank accounts with designated company banks, ensuring seamless payroll delivery through effective alignment and tagging.
Pakistan, Lahore