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Assistant Manager - Exit Management

Fedbank Financial Services
Posted on
Fedbank Financial Services logo

Experience
3 - 6 yrs
Job Location
Mumbai, India
Vacancy
1
Designation
Assistant Manager Loss Prevention
Job Type
Not specified

Job Description

Roles and Responsibilities


The F&F Operations Executive is responsible for managing end-to-end employee separation processes, ensuring timely and accurate Full & Final settlements, statutory compliance, exit documentation, and stakeholder coordination. The role requires strong attention to detail, knowledge of payroll processes, and adherence to organizational policies.

Full & Final Settlement Management

  • Process end-to-end Full & Final settlements for resigned, terminated, retired, and absconding employees.
  • Validate employee dues, recoveries, leave encashment, incentives, reimbursements, and statutory deductions.
  • Ensure settlements are completed within defined TATs and compliance requirements.

Exit Management

  • Coordinate with Finance, Admin, IT, and Business teams for employee clearance.
  • Monitor clearance approvals and asset recovery status.
  • Generate and issue separation-related documents such as:
    • Relieving Letters
    • Experience Letters
    • Service Certificates
    • Settlement Statements

Payroll & Compliance

  • Collaborate with payroll teams for accurate computation of employee dues.
  • Ensure compliance with labor laws, company policies, and statutory requirements.
  • Support PF, Gratuity, Superannuation, and other exit-related benefits processing.

Employee Query Resolution

  • Address employee queries related to F&F calculations, deductions, recoveries, and settlement status.
  • Maintain high levels of employee experience during separation.

Required Qualifications

  • Bachelor's degree in Human Resources, Commerce, Finance, Business Administration, or related field.
  • 2-6 years of experience in Payroll, HR Operations, Employee Lifecycle Management, or F&F processing.

Required Skills

  • Strong understanding of payroll concepts and F&F calculations.
  • Knowledge of PF, Gratuity, Leave Encashment, and labor compliance.
  • Proficiency in HRMS, Payroll Systems, and MS Excel.
  • Strong analytical and problem-solving skills.
  • Effective stakeholder management and communication skills.

No Referrers Available

There are currently no referrers available for this job. You can still apply, will let you know once there is any referrer available.