AM Employee Funds

Employees Gratuity Fund
Maintain precise records of every employee's "admission" to the scheme and eventual termination Track service length to determine eligibility Ensure disbursements are made within the legally required timeframe Maintain detailed logs of trust bank transactions, employer contributions, and payments to employees Coordinate annual actuarial valuations to assess the fund's future liability and ensure it is properly funded Facilitate independent annual audits of the fund's income and expenditures to ensure transparency and prevent fraud Coordinate with employees, HR, and finance departments, and issue member benefit statements and other relevant information Maintain books of accounts, prepare financial statements

Employees Provident Fund

Collect and accurately record monthly deductions from employee wages and corresponding employer matching contributions. Facilitate the opening of individual member accounts and ensure personal details are up-to-date. Calculate and distribute annual profits/interest to member accounts based on their closing or average balances. Submit biannual financial reports to the regulator (SECP/FBR) Coordinate with external chartered accountants to perform a mandatory annual audit of the fund's financial statements for transparency. Maintain precise records of every employee's "admission" to the scheme and eventual termination Track service length to determine eligibility Ensure disbursements are made within the legally required timeframe Maintain books of accounts, prepare financial statements

Employee Loans Payment & Costing

Timely processing of employee loan applications through HCM. Guide employees’ w.r.t. loan status, processing etc. Ensure compliance on DBR, eCIB, FIU & performance checks etc. Monitor employee loans pool vs actual o/s loans. Support/assist CAD & Payroll in reconciliation and other auxiliary matters.

Payroll Support & OF Reconciliations

Assist in monthly payroll reconciliations Assist in Salary Hold Cases & Its reconciliations (staff loans non-compliance cases) Assist in GL reconciliation of all payroll related / assigned accounts Adjustment posting in OF post identification of variance/difference Assist in T24 payment file preparation and entries Readiness as backup of Manager Payroll.

Payroll Audit & Compliance

Assist in all payroll audits, internal, external, regulatory, etc. Proactive in terms of payroll audit & compliances Readiness wrt ledgers and data for audits

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