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
