Senior Accountant Officer KRA/KPI

Key Responsibility Areas (KRA) & Key Performance Indicators (KPI) for Senior Accountant Officer Job Description

1. Financial Reporting

KRA: Ensuring accurate and timely preparation of financial reports for stakeholders.

Short Description: Responsible for financial reporting activities.

• Accuracy of financial statements
• Timeliness of financial report submissions
• Compliance with reporting standards
• Reduction in reporting errors

2. Budgeting and Forecasting

KRA: Developing, monitoring, and analyzing budgets to support decision-making processes.

Short Description: Manages budgeting and forecasting functions.

• Variance analysis of budgets
• Accuracy of forecasting models
• Alignment of actual vs. budgeted expenses
• Identifying cost-saving opportunities

3. Internal Controls

KRA: Establishing and monitoring internal control procedures to safeguard assets and ensure compliance.

Short Description: Oversees internal control frameworks.

• Effectiveness of internal control measures
• Incidents of control breaches
• Adherence to internal control policies
• Recommendations for control enhancements

4. Tax Compliance

KRA: Managing tax compliance activities to minimize tax liabilities and risks.

Short Description: Responsible for tax-related matters.

• Accuracy of tax filings
• Timely submission of tax returns
• Compliance with tax regulations
• Reduction in tax penalties

5. Financial Analysis

KRA: Conducting financial analyses to support strategic business decisions.

Short Description: Performs financial analysis tasks.

• Profitability analysis
• Trend analysis
• Financial ratio analysis
• Recommendations based on financial insights

6. Audit Support

KRA: Collaborating with auditors and providing necessary support during financial audits.

Short Description: Facilitates audit processes.

• Audit completion within deadline
• Audit query resolution time
• Minimal audit adjustments
• Audit rating outcomes

7. Cash Management

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

Short Description: Manages cash flow activities.

• Cash conversion cycle efficiency
• Working capital management
• Optimal cash reserves maintained
• Reduction in idle cash balances

8. Regulatory Compliance

KRA: Ensuring adherence to financial regulations and laws applicable to the industry.

Short Description: Ensures regulatory compliance.

• Compliance audit results
• Number of compliance incidents
• Training completion on regulations
• Updates on regulatory changes implemented

9. Financial Systems Management

KRA: Overseeing the implementation and maintenance of financial systems to enhance efficiency and accuracy.

Short Description: Manages financial systems.

• System uptime and reliability
• User satisfaction with system functionalities
• Integration of financial systems
• Reduction in manual data entry errors

10. Cost Control

KRA: Identifying cost-saving opportunities and implementing cost control measures.

Short Description: Focuses on cost management strategies.

• Cost reduction initiatives implemented
• Variance analysis of costs
• Cost-saving achievements
• Cost efficiency ratios improvement