Responsibilities | Key Performance Indicators (KPIs) |
Employee Insurance (GPA, GTI & GMI) - Oversee the settlement of Group Insurance policies including Group Medical Insurance (GMI), Group Term Insurance (GTI), and Group Personal Accident Insurance (GPA) for 40 entities within stipulated timelines.
- Facilitate timely renewal of all Group Insurance and Gratuity policies with LIC, aligned with policy due dates.
- Execute monthly statutory remittances related to Professional Tax (PT) in accordance with applicable legal provisions.
- Address and resolve employee grievances related to Gratuity, Superannuation Fund (SAF), Employeesâ Provident Fund (EPF), Employeesâ State Insurance (ESI), and Insurance, adhering to defined TAT.
- Manage the settlement of employee benefit claims including approximately 90âÂÂ100 Gratuity claims and 60âÂÂ70 Superannuation claims per quarter, ensuring processing within TAT.
- Coordinate and complete Trust audits in line with Income Tax Department regulations, ensuring timely submission.
- Administer 30 Gratuity Trusts covering all group employees, including handling of equitable transfers for approximately 250âÂÂ300 employees, managing a corpus of around â¹5 crore.
| - Insurance Policy Compliance and Renewal Timeliness
- Employee Benefit Claim TAT
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Statutory Compliances - Responsible for overseeing and providing expert guidance on compliance with statutory provisions of Labour Laws across the Group, ensuring adherence to all regulatory requirements.
- Guide and support the team in the timely execution of monthly PT remittances for Bangalore and Hyderabad locations (covering 59 entities), including managing registrations, renewals, and filing of statutory returns in accordance with applicable laws.
| - Statutory Compliance Accuracy and Timeliness
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Trust Administration - Administer Gratuity and Superannuation Fund Trusts across the Group, including formation of new trusts and securing necessary approvals from Income Tax authorities.
- Facilitate timely and adequate funding of Trusts during annual renewals and communicate funding status to actuaries for actuarial valuation reports.
- Process gratuity and superannuation settlements within defined TATs, maintaining strict adherence to internal policies and regulatory guidelines.
- Liaise with LIC for smooth and timely settlement of Gratuity and Superannuation claims.
- Coordinate with banks to manage and maintain Gratuity and Superannuation Fund Trust accounts effectively.
- Collaborate with auditors for annual preparation of trust financials and maintain accurate and timely filing of returns with IT authorities.
- Coordinate with senior officials at GMR for the formation of new gratuity trusts, facilitate KYC updates, and obtain necessary approvals for gratuity-related matters.
| - Timely processing of gratuity and superannuation settlements within defined TAT
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