Shweta Rawat

Retiral Benefits, Audit Management, Process Control & Process Re-engineering

Responsibilities:

• Leading the process control and process re-engineering Team responsible for identifying process gaps and process improvement opportunities across the employee life cycle right from hire to retire.
• Ensure putting in effective checks and controls in HR Ops processes to minimize failures and institutionalize pro-active controls.
• Ensure process improvements and process re-engineering across HR processes through Gap analysis and design level changes
• Efficient Project management for swift and timely implementation of the process improvement projects
• Efficient stakeholder management with Process owners and Auditors to ensure NIL escalations and minimum Audit observations
• Periodic Dashboards publishing to stakeholders and drive closures of various drives like Mandatory Leave and Staff Rotation
• Managing the Axis Bank Provident Trust transactions and overall investment administration
• Handling Investments as per the investment pattern shared by the authority.
• Managing the Axis Bank Gratuity Trust transactions and overall investment administration
• Managing the Overall demise claim benefits administration

• Efficient and timely settlements of retiral benefits
• Ensuring regulatory requirements are done within TAT, it includes payment of monthly income tax on PF / gratuity before due date, filling of quarterly income tax return for PPF and payment of monthly EPS before due date
• Handling superannuation process and ensuring unclaimed balance is minimized.
• Creating separate modules for retirees wherein they will be able to view documents / information required on retirement
• Ensuring that all the data is shared with TSR with accuracy before the due date
• Liaison with EPFO & LIC authority
• Handling Statutory Audit for Provident Fund by EPFO authority.
• Ensuring closures with EPFO authority
• Monitoring of Query resolution
• Preparing Agenda for quarterly trustee meeting.
• Handling demise cases settlements
• EPFO Grievance handling

· Processing payroll for PAN India employees.

· Sharing inputs with Vendor partner for payroll processing

· Checking output files shared by Vendor partner

· Preparation of Variance report and seeking approval from the approving authority

· Query resolution of the queries raised on data shared.

· Handling staff loan approvals for PAN India employees.

· Preparing MIS reports for audit and compliance

· Processing Executive Health Check-up, LTA for tax exemption and control of all other investment functions of payroll

· Income Tax remittance

· Replying Queries related Salary & all Staff Loans

· Vendor management

· Processing of Stipend to interns

· Staff Loan applications scrutiny

· Salary on hold release processing

· Meal Plan Benefits administration & processing

· Health Plan Benefits applications processing

· Reconciliation & Sharing of salary inputs to vendor partner

· Checking the Salary output shared by Vendor partner