Senior Manager - PF Management

At Jubilant Foodworks, our premise for success lies in our strong foundations of policies and regulations that comply with the highest of ethos. Were seeking a seasoned Provident Fund compliance manager to help us uphold our company-wide policies, in the most efficient and effective approach. The compliance manager role requires the candidate to be proficient in the developing and transitional Provident Fund compliance laws of the country. Working as a Provident Fund compliance lead, the candidate in question must take charge of curating policies and strategies and effectually transfer this knowledge to the employees. The Provident Fund compliance manager job involves high proficiency in some soft skills such as communication, organisational abilities, and strong interpersonal skills, as it involves liaising with different stakeholders, internally and externally.

Objectives of this role

• Monitoring the current policies and systems in place and ensuring that it complies with legal and regulatory laws of Employee Provident Fund Act.
• Train the employees/Partners on the laws and regulations, so there is no ambiguity in the compliance and risk for the jobs that they perform
• Learn, unlearn and relearn the dynamic changing ecosystem of compliance and regulatory laws of the country
• Report to, and liaise with the senior compliance manager and make decisions based on the guidance received by them
• Curate and maintain control systems to identify and handle breaking of rules and any violations

Responsibilities

1. Supervise all the business processes that involve Provident fund compliance and regulations.
2. Take timely actions to ensure Provident Fund compliance, laws and internal policies of the company
3. Make reports and documentation on potential Provident Fund compliance risks, as a compliance risk manager
4. Establish and carry out proper training programs, so that the employees/ HR Partners are aware of the laws and regulations they need to adhere to
5. Carry out investigations to find gaps in the current strategies, which involve compliance and rectify them as per the regulatory guidelines
6. Guarantee the prompt disbursement of the Provident Fund, eliminating any possibility of error.
7. Maintain comprehensive records and a depository for each transaction executed, along with established processes and policies.
8. Oversee the management of both internal and external audits pertaining to the Provident Fund.

Required skills and qualifications

• Bachelor’s degree in law, business administration, or a similar discipline
• Prior experience working as a compliance manager or in a similar position
• Proficiency in industry trends, laws, and regulations
• Outstanding analytical skills and problem-solving abilities