Role Summary:

As an Accounting Manager, you will play a crucial role in maintaining accurate financial records, providing financial analysis, and supporting strategic decision-making. You will be responsible for overseeing and managing the financial operations and accounting activities within an organization. Your position will require a high level of expertise in financial management, budgeting, financial reporting, and compliance with accounting standards and regulations.

MUST HAVE \xe2\x80\x93 Acquired a strong knowledge about Value Added Tax (VAT) system in the United Kingdom.

Key Responsibilities:

1. Financial Management:

• Develop and implement financial strategies, policies, and procedures to ensure effective and efficient financial operations.
• Monitor and analyze financial performance, identify areas for improvement, and provide recommendations to reporting manager.
• Prepare and manage the annual budget, including the allocation of resources and monitoring of expenditures.

2. Financial Reporting and Analysis:

• Prepare accurate and timely financial statements, including balance sheets, income statements, and cash flow statements.
• Conduct financial analysis, interpret data, and communicate findings to reporting Manager.
• Ensure compliance with accounting principles, standards, and regulatory requirement.

3. Internal Controls and Compliance:

• Establish and maintain effective internal controls to safeguard company assets and ensure accuracy of financial records.
• Coordinate and oversee internal and external audits, ensuring compliance with audit requirements and addressing any findings.
• Stay updated on changes in accounting standards and regulations, and implement necessary adjustments to accounting processes.

4. VAT Compliance and Reporting:

• Review and analyze transactions to determine VAT applicability and ensure correct VAT treatment.
• Stay updated on UK VAT laws, regulations, and guidelines, and ensure compliance with all applicable requirements.
• Prepare and submit accurate and timely VAT returns to HM Revenue and Customs (HMRC).
• Reconcile VAT accounts and resolve any discrepancies should issues are identified.

5. Communication and Relationship Management:

• Act as the main point of contact for VAT-related inquiries from internal management, external auditors, tax authorities, and other relevant parties.
• Collaborate with cross-functional teams, such as finance, operations, and executive management, to support business objectives and initiatives.
• Communicate financial results, analysis, and recommendations to reporting manager or management.

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