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JOB DESCRIPTION AND RESPONSIBILITY
KEY RESULT AREA(KRA) & KEY PERFORMANCE INDICATOR(KPI)

accounting sectors

Chief Accountant

Introduction
Skills Ability
job description
Job Roles and Responsibilities
KRA & KPI
KRA & KPI Mapped
Work environment and Schedule
salary in India
Conclusion
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Introduction

The Chief Accountant is the head of the accounting team and manages activities of both financial and management accounting. They are responsible for preparing financial and performance reports, assisting departments with annual budgets and reviews, internal control, and tax studies.

Soft Skill, Technical Skills and Certification:

Soft skills

Technical Skills and Certification

Job description

Chief Accountants are professionals who oversee all aspects of the bookkeeping process and commonly work with accountants and auditors to ensure that financial records are accurate, complete, and compliant with relevant regulations. Chief Accountants may also be tasked with developing systems procedures to improve efficiency or accuracy. The Chief Accountant also has to create automated reports or databases to make it easier to track transactions or generate reports in the future.

Job Roles and Responsibilities

Key Result Areas(KRA)
Key Performance Indicator(KPI)

Sr. No

KRA

KPI

1

Quarterly Financial Report

Quarterly Financial Report Status

2

Month-end accounting activities such as reconciliations and journal entries.

Month-end accounting activities such as reconciliations and journal entries status

3

How many finance tasks were completed in a month

No. of finance tasks completed in a month 

4

How many computerized accounting systems are introduced

No. of computerized accounting systems are introduced 

5

How many Improvisation are done in IT systems for the month to be compliant with Banking Systems

No. of Improvisation are done in IT systems for the month to be compliant with Banking Systems

6

How many team’s financial reports collected and reviewed

How many team’s financial reports collected and reviewed

7

How many financial discrepancies and recommend effective resolutions are given in a month

No. of financial discrepancies and recommend effective resolutions are given in a month

8

Monthly Review of expenditures, revenues

Monthly Review of expenditures, revenues

9

How many accounting queries has been resolved in a month

No. of accounting queries have been resolved in a month

10

How much training taken for Sub ordinates

No. of training taken for Sub-ordinates

11

Monthly Budget Preparation

Monthly Budget Preparation Status

12

How many Monthly Audits Done at various departments

No. of Monthly Audits Done at various departments

13

How many reviews and recommendations done to changes to existing accounting procedures

No. of review and recommendations done to changes to existing accounting procedures.

Example of KRA VS KPI Mapped in Organisation and Reporting

Sr. No

Reporting by the employee

Reporting by the employee

1

Quarterly Financial Report

Quarterly Financial Report : Yes done

2

Month-end accounting activities such as reconciliations and journal entries.

Month-end accounting activities such as reconciliations and journal entries: Yes done

3

How many finance tasks were completed in a month

How many finance tasks completed in a Month :18

4

How many computerized accounting systems are introduced

How many computerized accounting systems are introduced :0

5

How many improvisation are done in IT systems for the month to be compliant with Banking Systems

How many improvisation are done in IT systems for the month to be compliant with Banking Systems :0

6

How many team’s financial reports collected and reviewed

How many teams finiacial reports collected and Reviewed : 2

7

How many financial discrepancies and recommend effective resolutions are given in a month

How many financial discrepancies and recommend effective resolutions are given in a month : 5

8

Monthly Review of expenditures, revenues

Monthly Review of expenditures ,revenues : PPT And Reports Generated and Presentated to Mangement

9

How many accounting queries has been resolved in a month

How many accountng queries has been resolved in amonth : 8

10

How much training taken for Sub ordinates

How many training taken for Sub oridinates :15

11

Monthly Budget Preparation

Monthly Budget Prepartion : PPT Generated and Presentated to Mangement

12

How many monthly audits done at various departments

How many monthly audits done at various departments : 4

13

How many reviews and recommendations done to changes to existing accounting procedures

How many review and recommend done to changes to existing accounting procedures: 5

The Chief Accountant typically spends the majority of the work day on a desk in front of a computer screen, filing papers, making copies, reviewing reports, and checking invoices. They usually work from 9 to 5 but the timing can change depending on the organization they are working in. They share an office with other staff or have a desk in a central, open location. But it is common for all Chief Accountants to interact with many of the other employees throughout the day.

Salary

The Chief Accountant’s salary in India ranges between ₹ 1.4 Lakhs to ₹ 7.0 Lakhs with an average annual salary of ₹ 3.5 Lakhs.

Conclusion

With Experience in accounting and bookkeeping one can build a successful career as a Chief Accountant. Usually, they start as an intern or in a junior post and have to work to the level of being a senior Chief Accountant. They must also be familiar with the latest tax laws and regulations and other soft skills.

To get a Detailed Overview of the Accounting Sector, Click Here. 

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