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

Accounting Sector

Junior Accountant

Share this post

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:

Organization Skills

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.

Communication and Public Speaking Skills

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.

Time Management

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.

Job Roles and Responsibilities

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

Work Environment and Schedule

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.

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.

Take Career FREE Counselling

Looking for the right job??

Didn't find the right info?? Looking for a specific topics??

Explore Job Opportunities

Accounts Payable Specialist

KRA & KPI Accounting Sector Introduction...

December 29, 2022

Accounts Payable Clerk

KRA & KPI Accounting Sector Introduction...

December 29, 2022