Senior Purchasing Manager KRA/KPI

Key Responsibility Areas (KRA) & Key Performance Indicators (KPI) for General Ledger Accountant

1. Financial Reporting

KRA: Preparation of accurate financial reports for decision-making.

Short Description: Ensuring timely and precise financial reporting.

• Timeliness of monthly financial reports
• Accuracy of reported financial data
• Adherence to reporting standards
• Reduction in reporting errors

2. Reconciliation Management

KRA: Ensuring all accounts are reconciled and discrepancies resolved.

Short Description: Maintaining accurate balance reconciliations.

• Percentage of reconciled accounts
• Time taken to resolve discrepancies
• Identifying and rectifying accounting errors
• Improvement in reconciliation efficiency

3. Compliance Management

KRA: Ensuring compliance with regulatory requirements and internal policies.

Short Description: Upholding legal and company compliance standards.

• Audit ratings for compliance
• Percentage of adherence to regulations
• Timely submission of statutory filings
• Implementation of compliance recommendations

4. Cost Control

KRA: Monitoring and controlling expenses to optimize financial performance.

Short Description: Efficient management of costs and expenses.

• Variance analysis of budgeted vs. actual costs
• Reduction in unnecessary expenditures
• Cost-saving initiatives implemented
• Improvement in cost-to-income ratio

5. Financial Analysis

KRA: Conducting detailed financial analysis to support strategic decisions.

Short Description: Providing valuable financial insights through analysis.

• Quality of financial forecasts
• Identification of key financial trends
• Contribution to decision-making processes
• Accuracy of financial projections

6. Systems Enhancement

KRA: Identifying system improvements for enhanced financial operations.

Short Description: Driving efficiency through system enhancements.

• Implementation of system upgrades
• User satisfaction with financial systems
• Reduction in manual data entry tasks
• Enhancement of reporting capabilities

7. Budget Management

KRA: Developing and monitoring budgets to align with organizational goals.

Short Description: Effective budget planning and control.

• Accuracy of budget forecasts
• Adherence to budgetary constraints
• Variance analysis of budget performance
• Alignment of budget with strategic objectives

8. Internal Controls

KRA: Implementing and monitoring internal controls to safeguard financial assets.

Short Description: Ensuring integrity through internal controls.

• Effectiveness of internal control measures
• Incidents of fraud or financial mismanagement
• Compliance with internal control policies
• Improvement in control processes

9. Audit Support

KRA: Facilitating internal and external audits through data preparation and cooperation.

Short Description: Streamlining audit processes and documentation.

• Timely provision of audit documentation
• Resolution of audit findings
• Feedback from audit teams
• Reduction in audit queries

10. Continuous Learning

KRA: Engaging in continuous professional development to stay updated with accounting practices.

Short Description: Commitment to ongoing learning and skill enhancement.

• Participation in relevant training programs
• Acquisition of new accounting certifications
• Application of new knowledge in daily tasks
• Feedback from supervisors on skill enhancement