IBM

As a Retirals Manager, your primary responsibility is to oversee and manage all aspects of the employee retiral benefit process, ensuring a smooth, compliant, and positive experience for departing employees while safeguarding the organization's interests. Your role involves strategic planning, operational execution, and ensuring compliance with relevant regulations.

• Manage the end-to-end process of retiral benefits administration, including application processing, calculation of benefits (Gratuity, Superannuation, PF & Pension), and timely disbursement.
• Supervise the management of in-house Retirals proces including financial oversight, trustee meetings and compliance.
• Ensure timely and accurate preparation and submission of statutory returns and reports to relevant authorities.
• Create communication strategies and tools for informing employees about retirement policies and benefits. 
  
• Ensure accurate and up-to-date maintenance of all retirement-related records and documentation for compliance and audit purposes.
• Address and resolve employee queries and grievances related to retiral process.
• Lead and establish a team of retiral practitioners to enhance collaboration and efficiency.
• Collaborate effectively with internal stakeholders like offboarding, payroll, employee Manager, Finance, Legal, and other relevant departments.
• Liaise with regulatory authorities (e.g., EPFO) and other external partners

• Ensure all retiral processes comply with relevant statutory regulations (e.g., PF Act, Gratuity Act, Pension Schemes, Income Tax rules) and internal policies, mitigating potential risks.
• Continuously identify areas for process improvement and implement changes to enhance efficiency, accuracy, and the employee experience.
• Set performance goals, provide feedback, and conduct performance appraisals for the team.
• Identify training needs and ensure the team has the necessary knowledge and skills to perform their roles effectively. 
• A Retirals Manager should possess strong leadership, strategic thinking, project management, and decision-making skills. They should also have a strong ethical compass and a commitment to employee welfare and regulatory compliance.

·        The core objective is to ensure a seamless and compliant retirals process for all employees.

• Design, review, and update the organization's retiral benefit process are in line with legal requirements and best practices.
• Contribute to the overall strategy for retiral benefits, ensuring they are competitive, sustainable, and aligned with the organization's goals.
• Liaise with regulatory authorities (e.g., EPFO) and other external partners.