UK Accounting and Compliance Lead

Company Introduction

Pacific Group of companies :

Established in 2008, Pacific was formed to serve the clients with the best services in the field of outsourced accounting. As years passed, we have become leaders in the Outsourcing field because of our excellent client service and dedicated efforts. Pacific has always been a ‘People First’ organization where each resource is valued for the skills and dedication they have. The drive to help our clients grow and succeed has led the organization’s phenomenal growth over the past few years. Today, the Pacific Group has not just marked its success in Outsourced Accounting, but also in Software, Recruitment and Marketing fields.

Responsibilities

Job description

UK Accounting

• Review the complete bookkeeping process for UK-based clients, including accounts payable, accounts receivable, and general ledger entries and reconciliations as per UK GAAP and client-specific procedures / SOPs.
• Review bank reconciliations and payroll journals and finalize the monthly financial statements, ensuring accuracy and timely delivery.
• Review VAT returns and ensure compliance with UK tax regulations, including necessary adjustments or updates.
• Act as the primary point of contact for client queries, providing guidance and addressing complex financial concerns.
• Provide regular updates to clients and senior management regarding financial activities and status.
• Identify opportunities for process improvements, automation, and optimization in bookkeeping operations.
• Prepare and review financial forecasts and budgets and provide detailed financial analysis and strategic recommendations based on financial data.
• Support for preparing MIS reports, providing detailed insights into financial performance, trends, and key metrics to support decision-making and strategic planning.