Description:
Key Responsibilities and Duties:
1. Payroll Management:
- Process payroll for employees of all group companies, including calculation of salaries, deductions, and taxes.
- Maintain payroll records, including employee information, attendance, and leave balances.
- Coordinate with HR and other departments to ensure accurate payroll processing.
- Handle payroll queries and discrepancies, and address employee concerns related to payroll.
- Manage employee contributions to provident and gratuity funds, including deductions from salaries and employer matching contributions.
- Process withdrawal requests and facilitate timely payouts to eligible employees as per fund rules and regulations.
- Process final settlement requests and facilitate timely payouts to ex-employees as per fund rules and regulations.
- Ensure accurate recording and reporting of contributions, withdrawals, settlements, and fund balances.
2. Gratuity and Provident Fund Accounting:
- Maintain accurate records of transactions related to provident and gratuity funds, including contributions, withdrawals, investments, and fund balances.
- Prepare annual financial statements and reports for provident and gratuity funds of all group companies.
- Reconcile fund accounts and resolve discrepancies, ensuring the integrity and reliability of financial data.
- Coordinate with external auditors to facilitate audits of provident and gratuity funds, including preparation of audit schedules, supporting documentation, and responses to audit inquiries.
- Prepare half yearly and annual financials of gratuity funds of all group companies for actuarial valuation.
- Prepare financial reports of all the above funds for SECP & other regulatory bodies.
3. Individual Tax Return Filing:
- Prepare and file individual tax returns for employees in compliance with local tax laws and regulations.
- Assist employees with tax-related queries and provide guidance on tax planning and deductions.
Skills and Requirements:
- Bachelor’s degree in Business, Accounting, Finance or related field from an recognized institution.
- 2 to 3 years of core experience in payroll functions.
- Strong working knowledge of local regulations and policies related to payroll and HR.
- Ability to prioritize multiple tasks while meeting deadlines timely and accurately.
- Strong verbal and written skills to connect with clients and align with various stakeholders.
- Strong interpersonal skills, explaining complex issues at an understandable level.
- Passionate about working in a dynamic and fast-paced environment.
- Advanced knowledge of local payroll software solutions.
- Intermediate knowledge of Microsoft Excel / Google Sheets.
- Strong ethical standards and highest level of integrity.
- Strong attention to detail.