
Lead - Compensation & Benefits
1 day ago
Position: Lead - Compensation & Benefits
Industry: Port/Terminal
Location: East Wharf, Karachi
Education: Masters or Bachelor in Commerce / Business Administration
Requirements:
- Masters/Bachelors in Business Administration are highly preferred
- Knowledge of ERP Payroll Function
- Knowledge of laws related to income tax and wages
- PF Account Management
- Excellent skills in MS Office, ERP, and other related systems
- Strong Interpersonal & Communication skills
- Ability to maintain confidentiality
- Teamwork skills & Analytical Skills
Responsibilities:
- To prepare and process monthly salary through ERP system.
- To ensure all information related to employees' salary is calculated, managed, and updated timely in ERP system.
- To prepare and process bonus disbursement as and when required.
- To update increment data in ERP system.
- To ensure the accuracy of pay authorizations and verify deductions from employee salaries.
- Verify, finalize, and process employees' benefits.
- To prepare monthly income tax PSID of eligible employees and process income tax challans in the FBR system.
- Monitor and report monthly overtime data of all relevant employees.
- Working on monthly Machine Allowance data of equipment operators for salary processing.
- Prepare and distribute salary slips for all employees.
- Collection, verification, and payments of OPD Reimbursement and other claimable expenses.
- To coordinate with TMD for mess deduction of entitled employees.
- To coordinate for PF accounting and investments in organizations approved by Management in a well-effective manner and ensure to keep all records readily available in an organized manner.
- Ensure the distribution of annual PF statements to all employees.
- To coordinate with the bank staff for opening of employee bank accounts.
- To respond to all queries from employees in a timely and helpful manner.
- To provide necessary documents required by EOBI to facilitate retirees' pension cases.
- To process full & final settlements ensuring accurate calculation and disbursement of dues and benefits within a 15 working days timeframe for departing employees.
- To provide necessary data requested by the departments for their working.
- To share accruals related to comp and ben elements such as EOBI, SESSI, etc. with the accounts department.
- Handle government-related queries such as EOBI, SESSI, etc.
- To prepare monthly dashboard.
- Take part in Process innovation and automation of HC processes, give suggestions, and attend meetings as and when called.
- To perform a complete income tax process and ensure the distribution of annual income tax certificates to all employees.
- To ensure the submission of health insurance forms of all employees to the insurance company in a timely manner.
- To conduct the annual renewal process for health and life insurance policies.
- All tasks should be performed in an organized way within timelines effectively.
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