Head of Accounting & Financial Reporting

Position Overview

We are seeking a highly experienced and people-focused Head of Accounting & Financial Reporting to lead and continuously develop our accounting and statutory reporting function within a regulated financial services environment.
This is a senior leadership role with full ownership of financial reporting integrity, regulatory compliance, and team performance. Beyond technical excellence, the role requires a strong leader who can build capability, drive accountability, and influence cross-functional stakeholders at executive level.
The successful candidate will play a key role in strengthening financial governance, enhancing reporting quality, and supporting strategic decision-making at Board and senior management level.

Key Responsibilities

Strategic Leadership & Team Management

• Lead, mentor, and develop a high-performing accounting and financial reporting team (8 FTE), fostering accountability, collaboration, and continuous improvement.
• Set clear objectives, performance standards, and development plans for the team.
• Drive process optimization, efficiency improvements, and reporting excellence.
• Build succession planning and strengthen internal technical capabilities.
• Act as a trusted advisor to senior management on financial reporting and regulatory matters.

Financial & Regulatory Reporting

• Take full ownership of monthly, quarterly, and annual financial reporting in accordance with IFRS and applicable local GAAP.
• Oversee regulatory reporting to supervisory authorities, including solvency and risk-based capital submissions.
• Ensure strict compliance with Bank of Lithuania regulatory frameworks and statutory deadlines.
• Lead preparation and presentation of Board reports, management accounts, and shareholder reporting.
• Monitor and proactively assess changes in accounting standards and regulatory requirements.

Accounting & Technical Oversight

• Oversee accounting for business contracts, including premium recognition, claims reserves, acquisition costs, and technical provisions.
• Work closely with Actuarial to ensure accuracy of reserves, liabilities, and solvency calculations.
• Ensure consistency, robustness, and proper documentation of accounting policies and technical interpretations.

Audit, Controls & Governance

• Lead all external and internal audit engagements and act as primary liaison with auditors and regulators.
• Strengthen and maintain internal controls over financial reporting.
• Ensure alignment with risk management, governance, and compliance frameworks.

Stakeholder Engagement & Business Partnership

• Collaborate closely with Actuarial, Risk, Compliance, Underwriting, and Investments teams.
• Provide financial insight to support pricing strategy, underwriting decisions, capital management, and reinsurance structures.
• Present financial and regulatory results confidently to senior management and the Board.
• Serve as a key finance representative in strategic and regulatory discussions.

Qualifications & Experience

• Bachelor’s degree in Accounting, Finance, or related field (Master’s preferred).
• Professional qualification (CPA, CA, ACCA, or equivalent) required.
• 7+ years of progressive accounting experience, including at least 3 years in a regulated financial services environment.
• Proven experience leading and developing teams, with demonstrated ability to drive performance and accountability.
• Strong knowledge of IFRS, regulatory reporting, and solvency frameworks.
• Solid experience managing audits in a regulated environment.
• Strong ERP and financial systems experience.

Key Competencies

• Strong people leadership and team development capability
• Executive presence and ability to influence senior stakeholders
• Deep technical expertise in accounting and regulatory reporting
• Strong understanding of risk and capital frameworks
• High integrity, ownership mindset, and accountability
• Ability to lead under pressure in a deadline-driven, regulated environment

What We Offer

• Senior leadership role within a regulated financial services organization
• Real opportunity to shape and strengthen the finance function
• Competitive compensation and benefits package
• Gross monthly salary: €5,500 – €6,500
• Professional growth in a dynamic and evolving environment