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KRA & KPI Accounting Sector Introduction...
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JOB DESCRIPTION AND RESPONSIBILITY
KEY RESULT AREA(KRA) & KEY PERFORMANCE INDICATOR(KPI)
ACCOUNTING SECTORS
Cash Manager
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Introduction
The Job Responsibilities of a Cash Manager include handling the financial transactions of a company while being an essential figure in any sector of business, as cash and payments are a cornerstone of any business.
Soft Skill, Technical Skills and Certification:
Soft Skills
Technical Skills and Certification
- Advanced Excel ​
- MS Office Suite
- Financial Reporting
Job description
They oversee the income as well as the outflow of cash in a business organization hence the name. They oversee all types of cash flows from vendors, clients, etc, so the efficiency of the business is maintained. they must be able to make sound financial decisions on a daily basis, including everything from deciding which invoices should be paid immediately versus waiting until the next payday, to determining how much cash should be kept in reserve at any given time.
Job Roles and Responsibilities
- Maintain cash flow in and out of the business
- Reviewing reports on cash inflows and outflows and making adjustments as needed to ensure that there is enough cash
- Preparing cash forecasts to help determine how much cash will be needed
- Reviewing accounts payable invoices
- Preparing reports on cash balances and other financial activities for management review
- Coordinating with external vendors such as banks
Key Result Areas(KRA)
Key Performance Indicator(KPI)
Sr. No | KRA | KPI |
1 | Company funds Allocation for the month  | Company Funds Allocation Report for the Month |
2 | Monthly Cash balances Report | Company Cash Balance Report |
3 | How many loans, disbursements, and investments for Month | No. of Loans Disbursements, No. of Monthly Investments |
4 | How many Reviews forecast of balances, shortages or overages | No. of reviews and Forecast of Shortage Done |
5 | Maintaining Compliance to state financial laws | Monthly Reviews of compliance and Financial Laws |
Example of KRA VS KPI Mapped in Organisation and Reporting
Sr. No | Reporting by the employee | Reporting by the employee |
1 | Company funds Allocation for the month  | Company Funds Allocation Report for the Month |
2 | Monthly Cash balances Report | Company Cash Balance Report |
3 | How many loans, disbursements, and investments for Month | No. of Loans Disbursements, No. of Monthly Investments |
4 | How many Reviews forecast of balances, shortages or overages | No. of reviews and Forecast of Shortage Done |
5 | Maintaining Compliance to state financial laws | Monthly Reviews of compliance and Financial Laws |
A Cash manager might be seen working at a Bank, Credit union, or other financial institutions on a full time bases. Their work hours are mostly of regular work hours or business hours. Their job is a Desk job where they have to work using a computer and accounting system such as tally, etc.
Salary
Cash Manager salary in India ranges between ₹ 0.2 Lakhs to ₹ 6.2 Lakhs with an average annual salary of ₹ 2.2 Lakhs.
Conclusion
Being a Cash Manager is a great career choice for anyone who wants to find footing in the banking and finance industry. A candidate for a cash manager must have good accounting skills and knowledge of the same. They must be learned and experienced candidates in a viable sector. With experience, they may move into more senior positions such as head teller, assistant manager, or branch manager. Some cash management officers may also become loan officers, credit analysts, or bank examiners.
To get a Detailed Overview of the Accounting Sector, Click Here.Â
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