Chief Accountant

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.

Key Responsibilities:

1. Financial Management:

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

2. Financial Reporting and Analysis:

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

3. Internal Controls and Compliance:

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

4. VAT Compliance and Reporting:

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

5. Communication and Relationship Management:

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

Desired Skills

MUST HAVE –Acquired a strong knowledge about Value Added Tax (VAT) system in the United Kingdom.

Qualifications and Skills:

• Bachelor's degree in Accounting, Finance, or a related field.
• Certified Public Accountant (CPA) designation or equivalent certification.
• Proven experience in accounting and financial management, ideally in a managerial role.
• Up-to-date knowledge and experience in UK VAT regulations, compliance, and reporting.
• Proven experience in VAT accounting, including VAT return preparation and submission.
• Strong knowledge of accounting principles, financial reporting, and compliance regulations.
• Strong understanding of VAT treatment for various transactions, including domestic and international transactions.
• Effective communication and interpersonal skills.
• Proficiency in financial analysis, forecasting, and budgeting.
• Excellent leadership and team management skills.
• Advanced proficiency in accounting software and financial management systems.
• Strong analytical and problem-solving abilities.