Skip to content
KRA & KPI Accounting Sector Introduction...
Read More
JOB DESCRIPTION AND RESPONSIBILITY
KEY RESULT AREA(KRA) & KEY PERFORMANCE INDICATOR(KPI)
Accounting Sector
Junior Accountant
Share this post
Share on facebook
Share on twitter
Share on linkedin
Share on pinterest
Share on email
Introduction
Junior accountants are trained financial professionals who provide support to businesses by managing daily accounting and financial tasks. They compile reports and prepare, maintain and reconcile financial statements and other financial documents.
Soft Skill, Technical Skills and Certification:
It is important for a Professional Accountant to have Organisation skills. They are required to manage multiple accounts at a time and keep track of different contacts associated with accounts hence making Organisation skills very important.
Verbal communication and public speaking are important skills of an Accountant as it is needed regularly and every single day and along with effective communication comes good listening skills. All of these together can make a good Accountant. It's important that the Accountant listen to clients, understand what they heard, and communicates it back to their business team accurately.
The Accountant has to work around tight deadlines and this is a major part of their job. Accountants can have time constraints on closing accounts of prospective as well as old clients. This makes Time Management Skills Necessary.
Job description
An Junior Accountant may work in many fields as accounting is required for all businesses, big and small, and is responsible for helping their companies In some fields, Junior Accountants s are also known as account handlers and sometimes also act as intermediaries between other departments within an organization to ensure the success of their clients.Â
Job Roles and Responsibilities
- The Junior Accountant provides support for clients by learning about and satisfying their needs
- The work of the Junior Accountant also includes Making cold calls or reaching out to prospects
- They need to follow up with potential clients several times throughout the sales cycle to ensure needs are met
- Explain the value of products and services to prospective buyers
- Find trends by analyzing data
- Create long-lasting, mutually beneficial relationships with external contacts as well as internal departments to create a better customer experience
Key Result Areas(KRA)
Key Performance Indicator(KPI)
Sr. No. | KRA | KPI |
1 | How many process journal entries to ensure all business transactions are recorded in a month | No. of process journal entries to ensure all business transactions are recorded in a month |
2 | How many accounts receivable and issue invoices raised in a month | How many accounts receivable and issue invoices raised in a month |
3 | How many accounts payable and reconciliations performed in a month | No. of accounts payable and reconciliations performed in a month |
4 | How many balance sheets, income statements and other financial statements according to legal and company accounting and financial guidelines generated and reviewed | No. of balance sheets, income statements and other financial statements according to legal and company accounting and financial guidelines generated and reviewed |
5 | Monthly expenses, payroll records etc. generated in a month | No. of payroll records etc. generated in a month |
6 | Monthly financial data in databases updated | No. of Monthly financial data in databases updated |
7 | How many weekly/monthly reports generated | No. of weekly/monthly reports generated |
8 | How many senior accountants assisted in the preparation of monthly/yearly closings in a quarter | No. of senior accountants assisted in the preparation of monthly/yearly closings in a quarter |
9 | Other accounting projects or tasks done in a month | No. of other accounting projects or tasks done in a month |
Example of KRA VS KPI Mapped in Organisation and Reporting
Sr. No. | Reporting by the employee | Reporting by the employee |
1 | How many process journal entries to ensure all business transactions are recorded in a month | Process journal entries : 52 |
2 | How many accounts receivable and issue invoices raised in a month | Accounts receivable and issue invoices raised : 5 |
3 | How many accounts payable and reconciliations performed in a month | Accounts payable and reconciliations performed : 10 |
4 | How many balance sheets, income statements and other financial statements according to legal and company accounting and financial guidelines generated and reviewed | Balance sheets : 1, income statements :5 , Other financial statements :3 |
5 | Monthly expenses, payroll records etc. generated in a month | Expenses recorded : 5 , Payroll records :45 |
6 | Monthly financial data in databases updated | Financial data updation in databse : 110 |
7 | How many weekly/monthly reports generated | Weekly/monthly reports : 2 |
8 | How many senior accountants assisted in the preparation of monthly/yearly closings in a quarter | Senior accountants assisted in the preparation of monthly/yearly closings in a quater :0 |
9 | Other accounting projects or tasks done in a month | Other tasks Done : Task 1 ABC , Task 2 : CDF |
An Accountant job is mostly a desk job that needs good skills in accounting, maths, and communicating with their clients. Many accountants and auditors work for public accounting firms, and the work can be demanding. Some accountants and auditors also work for the federal government or for state and local governments.Â
Salary
The Average Junior Accountant Salary in India is somewhere around 4.2 Lakhs per year. However, the actual figure you get may vary from Organisation to organization due to many reasons.
Conclusion
The Junior Accountants often relies on stress and tight deadlines while also dealing with multitasking. However, most organizations rely on Accountants to bankroll the salaries of other members of the organization. It is a very responsible job position and hence is a very lucrative job. The Industry is also growing and there are a lot of new job opportunities for Freshers and Experienced people alike.
To get a Detailed Overview of the Accounting Sector, Click Here.Â
Didn't find the right info?? Looking for a specific topics??
Explore Job Opportunities
Accounts Payable Clerk
KRA & KPI Accounting Sector Introduction...
Read More
Junior Accountant
JOB DESCRIPTION AND RESPONSIBILITY KEY RESULT...
Read More
Accounting Clerk
JOB DESCRIPTION AND RESPONSIBILITY KEY RESULT...
Read More