Kristi Hõrrak MBA CPA PCPA CIA

Experience

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  PwC Estonia

  Aug 2001 - Jul 2014

  Leading Authorized Auditor (CPA)

  1. Strategic Leadership at PwC: - Led in shaping company direction, expanded client base, and enhanced audit processes. - Provided expert client advisory in financial reporting, Estonian GAAP, IFRS, and taxation.2. Financial and Business Consulting: - Offered guidance on financial budgeting, M&A, and internal control optimization. - Conducted business risk evaluations and strategic consulting.3. Project Management: - Oversaw large-scale audit projects, ensuring technical excellence and professional standards. - Enhanced team knowledge through industry meetings and training sessions.4. People Management: - Managed projects holistically, resolving conflicts and enhancing team efficiency. - Focused on effective delegation and team development.5. Risk Management: - Mitigated audit risks, applying appropriate management tools.6. Development Initiatives: - Mentored and coached team leaders, focusing on their professional growth.7. Client Relationship Management: - Engaged with top CEOs, presented audit results, and forged strong client relationships.8. Public and Educational Role at PwC: - Acted as a lecturer and public speaker, representing PwC at industry events. Show less

• 

  Forus Grupp OÜ

  Jul 2018 - Mar 2020

  Group Chief Financial Officer (CFO)

  1. Financial Strategy Development:- Spearheaded the formulation of comprehensive financial strategies aligned with the company's long-termgoals.- Implemented financial models and forecasting tools to enhance decision-making and optimize resource allocation.2. Financial Reporting and Compliance:- Oversaw the production of accurate and timely financial reports, ensuring compliance with regulatorystandards and industry best practices.- Successfully navigated complex accounting standards, such as GAAP and IFRS, to maintain transparencyand accountability.3. Risk Management and Mitigation:4. Capital Allocation and Investment Analysis, MA-s- Played a pivotal role in capital allocation decisions, prioritizing investments to maximize ROI andshareholder value.- Conducted rigorous fi nancial analysis to evaluate potential mergers, acquisitions, and strategicpartnerships.5. Mergers and Acquisitions: A pivotal role in identifying, evaluating, and executing strategic mergers andacquisitions, expanding the bank's market presence and diversifying revenue streams.6. Cost Control and Effi ciency Improvement:- Led cost-control initiatives that resulted in signifi cant savings without compromising quality or servicelevels.- Implemented effi ciency improvement programs across departments to streamline operations and enhanceprofi tability.7. Treasury and Cash Management:- Effectively managed cash fl ows and liquidity, optimizing working capital to support business operations.- Established relationships with financial institutions to secure favorable lending terms and credit facilities.8. Financial Leadership and Team Development:- Provided visionary fi nancial leadership to cross-functional teams, fostering a culture of accountability andinnovation.- Mentored and developed finance professionals, contributing to a highly skilled and motivated team.9. Digitalisation; BI Implementation10. Cost efficiencies Show less

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  Finora Capital

  Aug 2020 - now

  Group Chief Financial Officer (CFO)

  Spearheaded the process of obtaining a bank license from the European Central Bank (ECB) in collaborationwith the CEO. - Led preparations for the bank's operational launch, including the development of mandatory bank reporting,group restructuring, and cross-border compliance.1. Strategic Financial Stewardship: Orchestration of the bank's financial strategy, aligning it with long-termorganizational goals, and ensures compliance with IFRS, fostering transparent and globally recognizedfi nancial reporting practices.2. Risk Management: Overseeing a multifaceted risk management framework3. Regulatory Compliance: Pioneering of the transition to IFRS, ensuring seamless adoption across the organization, and collaborates with regulatory bodies to maintain exemplary compliance standards.4. Taxation Expertise: Demonstration of exceptional profi ciency in tax planning, optimizing the bank's taxstrategy to minimize liabilities while adhering to all tax laws and regulations.5. Managerial Leadership: Holding a key leadership position amond management, overseeing thebank's overall operations, organizational strategy, and corporate governance6. Financial Reporting Excellence: Directing the preparation of precise fi nancial statements adhering to IFRS,elevating the bank's fi nancial reporting practices to international standards of excellence.7. Cost Optimization: Championing in cost-effective initiatives, ensuring resource allocation effi ciency acrossdepartments, resulting in signifi cant cost savings without compromising operational excellence.8. Investment Strategy: Leading the formulation and execution of investment strategies.9. Mergers and Acquisitions: Identifying, evaluating, and executing strategic mergers andacquisitions, expanding the bank's market presence and diversifying revenue streams.10. Capital Market Engagement: Actively engaging with capital markets to secure funding at advantageousterms, fortifying the bank's capital adequacy and fi nancial resilience. Show less

• 

  Bankish

  Apr 2021 - now

  Chairman Of The Supervisory Board
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  Finora Bank

  Sept 2022 - now

  Member of the management board, Chief Financial Officer (CFO)

  1. Strategic Financial Stewardship: Orchestration of the bank's fi nancial strategy, aligning it with long-termorganizational goals, and ensures compliance with IFRS, fostering transparent and globally recognizedfi nancial reporting practices.2. Risk Management Leadership: Overseeing a multifaceted risk management framework, encompassingcredit, operational, and market risk assessments, while providing strategic guidance on risk mitigationstrategies.3. Regulatory Compliance: Pioneering of the transition to IFRS, ensuring seamless adoption across theorganization, and collaborates with regulatory bodies to maintain exemplary compliance standards.4. Taxation Expertise: Demonstration of exceptional profi ciency in tax planning, optimizing the bank's taxstrategy to minimize liabilities while adhering to all tax laws and regulations.5. Managerial Leadership: Holding a key leadership position as a management board member, overseeing thebank's overall operations, organizational strategy, and corporate governance, effectively leading a dynamicteam of executives.6. Financial Reporting Excellence: Directing the preparation of precise fi nancial statements adhering to IFRS,elevating the bank's fi nancial reporting practices to international standards of excellence.7. Cost Optimization: Championing in cost-effective initiatives, ensuring resource allocation effi ciency acrossdepartments, resulting in signifi cant cost savings without compromising operational excellence.8. Investment Strategy: Leading the formulation and execution of investment strategies.9. Mergers and Acquisitions: A pivotal role in identifying, evaluating, and executing strategic mergers andacquisitions, expanding the bank's market presence and diversifying revenue streams.10. Capital Market Engagement: Actively engaging with capital markets to secure funding at advantageousterms, fortifying the bank's capital adequacy and fi nancial resilience. Show less