Asst. Manager – Provident Fund & Retirement Benefits

ITC Limited | Full time
Kolkata, India | Posted on 07/09/2026
Key Responsibilities
1. Provident Fund Trust
Management
·       Manage the end-to-end administration of the
Company’s Exempted Provident Fund (PF) Trust.
·       Oversee PF contributions, withdrawals, advances,
transfers, settlements, and interest crediting.
·       Maintain accurate member records,
reconciliations, balances, and statutory documentation.
·       Ensure compliance with the EPF & MP Act,
1952, related schemes, and applicable regulations.
·       Liaise with EPFO and statutory authorities on
inspections, approvals, exemptions, and regulatory matters.
·       Track regulatory changes and implement necessary
process, system, and documentation updates.
2. Pension & Retirement
Benefits Administration
·       Administer matters relating to the Employees’
Pension Scheme (EPS), including member support, documentation, and compliance.
·       Provide guidance to employees and retirees on
PF, pension, and retirement benefits.
·       Coordinate retirement settlements with HR,
Payroll, Finance, and other stakeholders.
·       Ensure timely and accurate benefit calculations,
documentation, and employee communication.
·       Promote awareness and understanding of PF, EPS,
and retirement benefit processes.
3. Governance, Trusteeship
& Compliance
·       Support the effective functioning of the PF
Trust Board/Trustees.
·       Prepare meeting agendas, papers, minutes,
compliance updates, action reports, and presentations.
·       Ensure adherence to trust rules, statutory
requirements, investment guidelines, and governance standards.
·       Coordinate with trustees, auditors, investment
managers, actuaries, legal advisors, and regulatory authorities.
·       Maintain statutory records, filings, returns,
and trust-related documentation.
·       Drive closure of audit observations and
implementation of process improvements.
4. Fund Accounting, Audit
& Financial Reporting
·       Oversee PF Trust accounting, financial
reporting, and regulatory disclosures.
·       Ensure timely reconciliation of contributions,
member balances, investments, bank accounts, and ledgers.
·       Coordinate preparation of annual accounts,
financial statements, and audit schedules.
·       Liaise with auditors, tax advisors, and external
consultants.
·       Review interest calculations, settlement
accounting, and investment income allocation.
·       Support investment monitoring in line with
regulatory guidelines and trustee-approved policies.
5. Payroll, HR & Employee
Services
·       Partner with HR and Payroll to ensure accurate
PF deductions, employer contributions, and compliance reporting.
·       Address employee queries on PF, EPS, transfers,
withdrawals, nominations, UAN, KYC, and retirement settlements.
·       Deliver a high-quality employee experience
through responsive and accurate support.
·       Act as the organization's subject matter expert
on PF and retirement benefits.
6. Process Excellence &
Digital Transformation
·       Drive initiatives to enhance operational
efficiency, accuracy, compliance, and employee experience.
·       Lead automation, digitization, and
simplification of PF and pension administration processes.
·       Strengthen internal controls, documentation
standards, and maker-checker mechanisms.
·       Support implementation and optimization of
payroll, PF accounting, employee self-service, and reporting systems.
Qualification
·       Qualified CMA / CA Inter professional
qualification.
·       Minimum 5-6 years of experience in an
organisation of repute
·  Additional certification or experience in
Provident Fund, Retirement Benefits, Labour Laws, or Employee Benefits
administration will be an advantage.
Location: Head Office,
Kolkata
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