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Head of Finance/CFO (Lithuania)

Remote: 
Full Remote
Experience: 
Expert & Leadership (>10 years)
Work from: 

Offer summary

Qualifications:

Several years of experience as CFO, Knowledge of global payment products, Experience in fintech and regulated environments, Strong analytical and negotiation skills.

Key responsabilities:

  • Ensure accurate bookkeeping and financial accounts
  • Manage payroll, expenses, and inter-entity funds transfers
ZEN.COM logo
ZEN.COM Financial Services SME https://www.zen.com
201 - 500 Employees
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Job description

We're inviting you to work together on a tool that will help customers from all over the world manage their money with zero effort.

Join the ZEN team now and change the world of finance for the better. At ZEN you will get to work with a lot of exciting new technologies.

We are looking for a Head of Finance / Chief Financial Officer to join our team in Lithuania. If you are looking for challenging projects in a start-up environment with high autonomy and ownership this offer is for you.

Responsibilities

  • Ensure that sound processes and procedures are in place for accurate, timely and complete bookkeeping.
  • Ensure that accurate and timely financial accounts are maintained in accordance with the applicable Generally Accepted Accounting Practice.
  • Ensure all transactions and relevant adjustments are booked on a monthly basis, oversee but also being hands-on when preparing the accounting ledgers within UAB ZEN.COM ; ensuring monthly reviews and reconciliations are performed.
  • Review month end templates of UAB ZEN.COM and to ensure adherence to UAB ZEN.COM’s month end procedures. Follow up on any queries and oversee training and support as necessary In conjunction with the HR team, ensure that payroll-related and timesheet transactions are accurately recorded in the finance system, and such accounts are reconciled on a monthly basis Ensure that staff expenses, cash advances and corporate credit card transactions are processed accurately, completely and in a timely manner, and in accordance with UAB ZEN.COM accounting policies and procedures
  • Manage UAB ZEN.COM’s inter entity funds transfer process
  • Oversee and support the team with the preparation of various regular reports
  • Ensure Forecasting and Budgeting are prepared on a timely manner and reported to the Board of UAB ZEN.COM.
  • Oversee and being hands on if necessary to perform variance analysis, scenario and test testing according to Internal Policies and procedures, in compliance with the Lithuanian requirements.
  • Escalation of various matters to the Board of UAB ZEN.COM according to the Governance framework.
  • Regular reporting to the Board of UAB ZEN.COM
  • Manage the annual external audit process for the UAB ZEN.COM , including preparation of all supporting schedules and statutory disclosures.
  • Oversee the completion of all necessary statutory returns and filings in an accurate and timely manner, including to the Regulator Bank of Lithuania.
  • Ensure accurate and timely submission for VAT returns, corporation tax return and other reports to the administration, and ensure returns reconcile to the finance system
  • Maintain day-to-day relationships with the Regulator, auditors and other external advisors, as appropriate
  • Review and approve the daily Segregation of Clients funds from Corporate funds and ensure funds are not commingled, nor there is a mis-match between Clients and corporate funds.
  • Daily approval of the safeguarded funds and escalation to the Board when necessary
  • Support to the Outsourced Finance Functions for Policy and Procedure implementation.
  • Prepare, monitor, analyse the Capital Adequacy of the company to ensure UAB ZEN.COM is capitalised and compliant with the requirements of the Regulator Bank of Lithuania.
  • Maintain the necessary Governance framework in the Finance function of UAB ZEN.COM with maintain all relevant policies and Procedure up to date and compliant with Lithuanian legislation.
  • Develop, maintain, communicate and implement policies and procedures for Lithuanian employees relating to Finance, and lead on their implementation and regular review.
  • Implement appropriate financial controls and sophisticated framework for Internal controls in UAB ZEN.COM to ensure compliance on all finance areas, including over payments/funds transfers and bank transactions in particular, as set out in UAB ZEN.COM accounting policies and procedures, ensuring timely and efficient payments to suppliers and partners.
  • Working with other Finance Team members, provide advice and support to outsourced teams, financial controls and financial systems and procedures.
  • Provide line management of the Finance team in house of UAB ZEN.COM through objective setting, continuous performance management, annual appraisal, training provision and personal development planning to develop individuals and their functions
  • Review team roles, responsibilities and capacity and develop in accordance with business need and budget, in accordance with the Finance department work plan.
  • System implementation and development
  • Training of staff
  • Support to other departments
  • Support Payroll and HR outsourced functions for Lithuanian team for developing Policies and Procedures and their implementation.

Requirements

  • Several years of experience in the fintech industry or payments as CFO
  • Very good knowledge of payment products / methods available on the global market
  • Very good knowledge of the method of settling payment methods
  • Very good knowledge of cashflow in a fintech organization
  • Ability to critically analyze the products offered by the organization and increase their profitability over time
  • Ability to work in a regulated environment along with a good knowledge of standard financial regulatory requirements for the fintech industry
  • The ability to look at business over a longer period of time along with the ability to anticipate reporting / regulatory impacts
  • A person looking for solutions, process optimization, coming out with a business initiative
  • High efficiency of operation and implementation of improvements / new ideas
  • Presentation and representation skills in banks cooperating with the organization, a good negotiator with banks
  • Knowledge transfer skills in a team, a good mentor
  • Professional successes are welcome (building non-standard solutions, implemented ideas)

What We Offer

  • Competitive salary.
  • A non-corporate working atmosphere in a professional team focused on common goals.
  • Work in rapidly growing international organization.
  • Work available immediately.
  • Elastic schedule.
  • Internal and external trainings.

Starting from 5000 EUR gross

Required profile

Experience

Level of experience: Expert & Leadership (>10 years)
Industry :
Financial Services
Spoken language(s):
English
Check out the description to know which languages are mandatory.

Other Skills

  • Forecasting
  • Budgeting
  • Knowledge Transfer
  • Mentorship
  • Team Management
  • Communication
  • Problem Solving

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