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
