Provident Fund Accountant

Role Overview:

The incumbent will own the complete lifecycle of Provident Fund (PF) accounting, compliance, and reporting. This includes ensuring regulatory adherence, maintaining accurate financial records, and coordinating across HR, payroll, auditors, and external stakeholders to ensure seamless PF operations.

Key Responsibilities:

• Manage end-to-end PF accounting, including journal entries, accruals, and reconciliations.
• Validate monthly payroll deductions and ensure timely deposit of PF contributions.
• Prepare and maintain PF schedules, reconciliations, and periodic reports.
• Oversee PF trust accounts, including tracking of balances, documentation, and investments (if applicable).
• Ensure compliance with Pakistan labour laws, Companies Act, and PF regulatory requirements.
• Handle employee-related PF transactions including withdrawals, transfers, and final settlements.
• Coordinate with internal/external auditors for PF audits and documentation.
• Liaise with banks, trustees, and regulatory bodies for all PF-related matters.
• Support financial reporting, including disclosures related to employee benefit funds.
• Address employee queries related to PF in coordination with HR and payroll teams.

Core Competencies:

• Strong understanding of PF regulations and labour laws in Pakistan
• High attention to detail with strong reconciliation capabilities
• Analytical mindset with problem-solving ability
• Ability to manage deadlines and work independently
• Strong stakeholder coordination and communication skills

Technical Skills

• Advanced proficiency in MS Excel
• Experience with ERP/accounting systems (e.g., SAP, Oracle, or similar)
• Familiarity with payroll systems and financial reporting tools

Experience Requirements

• Minimum: 3 years of relevant experience
• Preferred: 4+ years in PF, payroll accounting, or employee benefits accounting

Education

• Minimum: BBA / BSc in Finance & Accounting / ACCA (Part Qualified) / CMA (Part Qualified)
• Preferred: MBA / MSc Finance / ACCA / CMA