Head of Finance

You will own management reporting, financial control, settlements, budgeting, cash-flow planning, and team development.

About Utorg

Founded in 2019, Utorg builds the infrastructure for stablecoin payments: on- and off-ramps, self-custodial wallets, and crypto cards. Over 2 million users across 130+ countries already buy, hold, and spend crypto through our app. On the B2B side, the same rails power 2,100+ platforms, with $2.4B+ moved to date. Fully MiCA-authorized across the EEA. PCI DSS Level 2 certified. Backed by Dragonfly, TA Ventures, and Hypra.

About the Role

We are looking for an experienced Head of Finance to lead and build out our Finance function. You will own management reporting, financial control, settlements, budgeting, cash-flow planning, and team development. Treasury (liquidity management, payment execution, FX operations, and fund movements) is a separate function and is not part of this role. You will collaborate closely with Treasury but will not have direct administrative authority over it.

Key Responsibilities

• Own and deliver end-to-end management reporting: P&L, Cash Flow Statement, Balance Sheet, plan-vs-actual analysis, and profitability by product, merchant, payment method, and legal entity.
• Build and maintain the budgeting cycle: operating budget, payment calendar, cash-flow forecast, gap analysis, scenario planning, and obligation tracking.
• Design and run the financial control framework: regular reconciliations (internal system vs. PSP vs. bank), mismatch classification, SLA-driven resolution process, approval flows, and audit trail.
• Manage merchant settlements: settlement amount calculation, provider fees, minimum fees, surcharges, refunds, chargebacks, FX conversions, and balance transfers.
• Oversee multi-entity finance: consolidated reporting across several legal entities, currencies, and intercompany transactions; prepare data for statutory accounting and external audits.
• Act as the business owner of financial automation: formalize financial logic, define KPIs and data sources, set requirements for Data Analysts, Data Engineers, and Development teams, and accept dashboards and reports into production.
• Lead and develop the Finance team: hire, structure roles, assign accountability, and drive continuous improvement in a fast-changing environment.
• Report financial results and insights to the CEO and founders in clear, business-oriented language.

Experience we are looking for:

• 8+ years in finance, with at least 3 years managing a finance team or function.
• Background in at least one of: fintech, payments/PSP, acquiring, EMI, banking, crypto payments, or another high-volume transactional business.
• Proven track record of building or transforming financial processes and moving from manual Excel-based reporting to automated pipelines.
• Experience managing multiple legal entities, currencies, and intercompany operations.

Management Reporting

• Hands-on ownership of P&L, Cash Flow, Balance Sheet, and plan-vs-actual reporting.
• Ability to define financial metrics and standard calculation formulas; build unit economics.
• Profitability analysis by product, client, channel, or business line.
• Confident working with Volume, Revenue, Total Clearing Cost, COGS, Gross Profit & Margin, EBITDA, SG&A, Merchant Obligations, Provider Costs, Net Position, and Cash Flow.
• Experience presenting financial results to C-level executives and board members.

Payments & Financial Operations

• Deep understanding of money flow in a payment business.
• Experience with settlement cycles, provider fees, processing and clearing costs, refunds, chargebacks, FX conversions, and balance transfers.
• Ability to trace the financial result from a single transaction up to the consolidated P&L.

Reconciliation & Financial Control

• Practical experience organizing regular reconciliations: internal data vs. PSP, PSP vs. bank, obligations vs. actual payouts.
• Ability to classify discrepancies, set acceptable thresholds, assign ownership, define SLAs, and build a resolution process.
• Experience with audit trail, separation of duties (calculation, verification, execution), and control of manual adjustments.

Data Team Collaboration & Automation

• Ability to formalize financial business logic and define formulas, data sources, and acceptance criteria for reports and dashboards.
• Experience setting requirements for Data Analysts, Data Engineers, and Development teams.
• Ability to validate calculations, detect discrepancies between dashboards and source data, and prioritize automation by business impact.

Tools

• Advanced Excel / Google Sheets and experience building financial models.
• Experience with BI tools (Power BI, Tableau, Grafana, Looker Studio, or similar).
• Comfortable working with large data volumes.

Language

• English B2+ (Upper-Intermediate or higher). You will work with contracts, bank and PSP correspondence, participate in calls, and explain financial calculations to international counterparts.

Nice to Have

• Hands-on experience with crypto payments: on-ramp/off-ramp, crypto-fiat and crypto-crypto conversions, blockchain fees, wallet balance reconciliation.
• SQL knowledge; experience with BigQuery or other DWH.
• Experience implementing ERP, reconciliation systems, or treasury management systems.
• Background in an international company; experience with European PSPs, EMIs, or banks.
• Experience building a finance department from scratch or leading a finance transformation.
• External audit experience.
• Remote team management experience.

What We Expect in 6 Months

• A clear Finance department structure with defined roles and accountability.
• Automated P&L reporting with minimal manual Excel work.
• Regular cash-flow forecasting in place.
• Merchant settlement monitoring and discrepancy control are running smoothly.
• Clear boundaries of responsibility between Finance, Treasury, and the Data team.

What we offer:

• Work fully remote as part of an international company.
• A data-driven environment with an established Data Platform, automated reconciliations, and data-quality checks already in place.
• Direct reporting line to the founders and CEO, with full ownership over the Finance function.
• A clear mandate and timeline: within 6 months, you will build a structured Finance department, automate P&L reporting, launch regular cash-flow forecasting, and establish merchant settlement controls with the resources and support to make it happen.
• A team ready for leadership. Existing finance staff, a dedicated Data team to partner with on automation, and a separate Treasury function that handles execution so you can focus on strategy and control.
• Career growth as the company scales across multiple entities, currencies, and markets.
• Competitive salary based on experience and individual performance review.
• Transparent feedback and a culture that values ownership, open dialogue, and visible impact.