Assistant Manager Accounts KRA/KPI

Key Responsibility Areas (KRA) & Key Performance Indicators (KPI) for Assistant Manager Accounts

1. Financial Reporting and Analysis

KRA: Ensuring accurate and timely financial reporting for decision-making.

Short Description: Manage financial reporting processes efficiently.

• Timeliness of monthly financial reports submission
• Accuracy of financial data presented
• Variance analysis on budget vs. actuals
• Implementation of cost-saving initiatives based on analysis

2. Budget Planning and Control

KRA: Developing and monitoring budgets to achieve financial goals.

Short Description: Ensure effective budget utilization.

• Percentage of budget utilization within set limits
• Identification of budget variances and corrective actions taken
• Accuracy of budget forecasts
• Successful execution of cost control measures

3. Internal Controls and Compliance

KRA: Establishing and monitoring internal controls to ensure compliance.

Short Description: Uphold regulatory and internal control standards.

• Risk assessment and mitigation effectiveness
• Adherence to regulatory standards and reporting requirements
• Audit findings resolution rate
• Training completion rate on compliance policies

4. Cash Flow Management

KRA: Managing cash flow to meet operational needs and investment opportunities.

Short Description: Optimize cash flow for business sustainability.

• Days Sales Outstanding (DSO) reduction
• Effective cash flow forecasting accuracy
• Investment opportunities explored vs. realized returns
• Working capital efficiency improvement

5. Financial Audits Coordination

KRA: Coordinating financial audits for accurate financial reporting.

Short Description: Ensure successful completion of audits.

• Audit completion within scheduled timelines
• Number of audit exceptions identified and resolved
• Positive audit outcomes and recommendations implementation
• Enhancement of audit processes for efficiency

6. Team Development and Performance

KRA: Developing and managing the accounting team for optimal performance.

Short Description: Nurture a high-performing accounting team.

• Team training hours per quarter
• Employee turnover rate within the accounting department
• Performance appraisal completion rate
• Team satisfaction survey results improvement

7. Financial Systems Enhancement

KRA: Identifying and implementing enhancements in financial systems.

Short Description: Improve financial systems for efficiency.

• Number of system enhancements implemented
• User satisfaction rating with system improvements
• Reduction in manual processes through system automation
• System downtime minimization rate

8. Cost Optimization Initiatives

KRA: Initiating and overseeing cost-saving projects to improve profitability.

Short Description: Drive cost-saving initiatives for financial health.

• Cost reduction percentage achieved annually
• Implementation of cost-saving projects on time
• Identification of cost-saving opportunities vs. actual savings realized
• ROI calculation for cost optimization projects

9. Stakeholder Relationship Management

KRA: Building and maintaining relationships with key stakeholders.

Short Description: Foster strong stakeholder connections.

• Stakeholder satisfaction survey results improvement
• Number of stakeholder meetings held per quarter
• Timely resolution of stakeholder queries
• Feedback incorporation into financial processes enhancement

10. Strategic Financial Planning

KRA: Contributing to the development of long-term financial strategies.

Short Description: Align financial planning with organizational goals.

• Alignment of financial plans with company objectives
• Long-term financial strategy effectiveness evaluation
• Return on Investment (ROI) on strategic financial initiatives
• Financial planning flexibility for changing market conditions