Retiral Benefits Coordinator

At Bayer we’re visionaries, driven to solve the world’s toughest challenges and striving for a world where ,Health for all, Hunger for none’ is no longer a dream, but a real possibility. We’re doing it with energy, curiosity and sheer dedication, always learning from unique perspectives of those around us, expanding our thinking, growing our capabilities and redefining ‘impossible’. There are so many reasons to join us. If you’re hungry to build a varied and meaningful career in a community of brilliant and diverse minds to make a real difference, there’s only one choice.

Retiral Benefits Coordinator

Job Purpose:

To ensure the effective administration and compliance of employee benefit schemes including Gratuity, Superannuation, Provident Fund, NPS by managing statutory processes, facilitating timely settlements and contributions, liaising with stakeholders such as LIC, fund managers, and auditors, and maintaining accurate reporting and policy renewals. The role plays a critical function in securing employee entitlements while ensuring adherence to regulatory requirements and internal governance standards.

Role And Responsibilities:

Gratuity:

Ensure Timely settlement of Gratuity claims

TDS payment and filing of quarterly and annual returns

Issue form 16 for gratuity settlement

Provide employee data to LIC for the annual renewal of gratuity policies

Gratuity funding for policy renewal

Conduct Trusts Audit

Regularly connect with fund managers

Provide updates to trustees on fund status

Support internal and external auditors

Update trustees with MOM with bank representatives

Superannuation:

Process monthly superannuation contributions to LIC

Handle superannuation withdrawal claims

Manage return of corpus claims in death cases

Share Superannuation statements with employees

Facilitate superannuation transfer to NPS

Support ex-employees with annuity number, policy number, and existence certificate requests

Provident Fund:

Share monthly PF & ESIC reports with Team

Ensure PF payments are made before the 15th of every month

Share Accounting entries related to payment

Reconcile PF liabilities and payments     

Renew EDLI policies for BCS, BBSPL, and BPPL annually

Liaising with PF department to ensure closure of pending issues

Who You Are:

• Graduate with at least 5+ years of experience in handling retiral benefits is must.
• Ability to handle Ex-employees with outmost care and empathy. Flexibility to meet customer needs and deadlines is a must.
• Excellent communication skills, both written and verbal.
• Stakeholder management across cultures.
• Ability to take ownership of responsibilities.

Ever feel burnt out by bureaucracy? Us too. That’s why we’re changing the way we work— for higher productivity, faster innovation, and better results. We call it Dynamic Shared Ownership (DSO). Learn more about what DSO will mean for you in your new role here https://www.bayer.com/en/strategy/strategy
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    YOUR APPLICATION      

Bayer is an equal opportunity employer that strongly values fairness and respect at work. We welcome applications from all individuals, regardless of race, religion, gender, age, physical characteristics, disability, sexual orientation etc. We are committed to treating all applicants fairly and avoiding discrimination.

      Location: India : Maharashtra : Thane      Division: Enabling Functions     Reference Code: 853840          Contact Us   + 022-25311234