Daniel Dornhoff Cordsen
Chief Financial Officer (CFO) at SÆTHER- Claim this Profile
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Bio
Experience
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SÆTHER
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Denmark
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Personal Care Product Manufacturing
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200 - 300 Employee
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Chief Financial Officer (CFO)
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Dec 2016 - Present
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Chief Financial Officer (CFO)
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Mar 2016 - Nov 2016
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SÆTHER
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Denmark
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Personal Care Product Manufacturing
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200 - 300 Employee
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Økonomichef / Finance manager
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Jul 2013 - Feb 2016
Company profile: The Sæther Nordic Group distributes more than 45 respected international cosmetics- and perfume brands in Scandinavia. The Group employs 150-200 persons and has a yearly turnover of approx. 620mDKK. (2013). All sales go through sales subsidiaries in Denmark (425mDKK), Sweden (140mDKK) and Finland (25mDKK) with high focus on local market conditions. Work & responsibilities: • Group CFO retired and CEO/Board decided not to replace the position. Instead CO-CEO… Show more Company profile: The Sæther Nordic Group distributes more than 45 respected international cosmetics- and perfume brands in Scandinavia. The Group employs 150-200 persons and has a yearly turnover of approx. 620mDKK. (2013). All sales go through sales subsidiaries in Denmark (425mDKK), Sweden (140mDKK) and Finland (25mDKK) with high focus on local market conditions. Work & responsibilities: • Group CFO retired and CEO/Board decided not to replace the position. Instead CO-CEO entered the board of directors, and I was promoted to "Økonomichef/Finance Manager", which is now the highest position in the Group's finance organization. Acting "CFO". • Reporting directly to CO-CEO and CEO. • Work and responsibilities are as described below under "Regnskabschef/Accounting manager" at Sæther Nordic. Except the fact that I am now sole responsible for all financial areas described. • Participate in and present financial figures (Group figures, liquidity etc.) at Board meetings • Responsible for all insurances and bank agreements within in Group. • Sparring partner for CEO, managing directors etc. within in the Group
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Regnskabschef / Accounting Manager
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Nov 2010 - Jun 2013
Company profile: See description above under "Finance Manager/Økonomichef" at Sæther Nordic A/S Work & responsibilities: • Referring to Group CFO. • Accounting manager being responsible for all financial aspects such as compliance, accounting, controlling, management reporting, budget process, insurance, cash management in the Sæther Group with a yearly turnover of 500k DKK covering subsidiaries in Denmark, Finland, Sweden. • Consolidation of group result and reporting… Show more Company profile: See description above under "Finance Manager/Økonomichef" at Sæther Nordic A/S Work & responsibilities: • Referring to Group CFO. • Accounting manager being responsible for all financial aspects such as compliance, accounting, controlling, management reporting, budget process, insurance, cash management in the Sæther Group with a yearly turnover of 500k DKK covering subsidiaries in Denmark, Finland, Sweden. • Consolidation of group result and reporting hereof. • Responsible for supporting sales and marketing directors, brand managers in all financial/controlling aspects • Manager of financial/accounting department consisting of 5 persons – 3 book keepers (receivable, payable, salary and assets, 1 business/financial controller and 1 part time all around person (crediting, office supply). • Responsible for all financial reporting to management and preparation of board presentations. • Sparring partner for CFO, CEO within in the Group • Responsible for implementing new ERP system regarding all financial aspects. • Search and selection of new hires in accounting department and also participant in interviews in other hires within the administration. • Ad hoc assignments for CFO, CEO. • Participant in Group management meeting regarding commercial and financial strategies.
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Chairman
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Apr 2010 - Apr 2012
Chairman of the owners' association "Ørnegården" consisting of approx. 140 apartments. Chairman of the owners' association "Ørnegården" consisting of approx. 140 apartments.
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Nilfisk
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Denmark
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Machinery Manufacturing
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700 & Above Employee
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Senior Group Controller
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Aug 2010 - Nov 2010
Company profile: Nilfisk-Advance employs 5,000 people globally and markets hundreds of different models of professional cleaning equipment and high pressure washers own sales companies. Nilfisk-Advance maintains manufacturing facilities in Denmark, Italy, China, Hungary and the United States of America. Products are sold in 80 countries around the world.The parent company of Nilfisk-Advance is NKT Holding listed on the Danish exchange stock. Responsibilities: • Referring to… Show more Company profile: Nilfisk-Advance employs 5,000 people globally and markets hundreds of different models of professional cleaning equipment and high pressure washers own sales companies. Nilfisk-Advance maintains manufacturing facilities in Denmark, Italy, China, Hungary and the United States of America. Products are sold in 80 countries around the world.The parent company of Nilfisk-Advance is NKT Holding listed on the Danish exchange stock. Responsibilities: • Referring to General Manager of Group Finance. • Controller responsibility for subsidiaries in Singapore, Malaysia, Thailand, US, France, Greece, Germany • Support function in all financial aspects for subsidiaries and responsible for compliance with group policy and IFRS • Cash Manager for the Nilfisk group comprising identifying/collecting currency exposure in the group and hedging hereof, optimizing cash flow and setting cash limits per subsidiaries, evaluation of cash pools, preparation of all aspects of necessary documentation to annual IFRS report (IFRS 7 and IAS39) • Skilled Hyperion user • Preparation of detailed monthly Power Point presentations and financial reporting to Group Management and Board Meetings • Solid knowledge within working capital optimizing – Strong focus area in group finance. • Participated in business acquisitions and • Responsible for preparation and presentation of financial issues with the rest of Group Finance at international finance manager meetings • Ad hoc financial projects within the group including direct ad hoc assignments from group management
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Group Controller
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Jan 2008 - Jul 2010
Company profile and responsibilities: See "Senior Group controller at Nilfisk Advance" above.
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Financial Controller
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May 2006 - Dec 2007
Company profile: See "accounting manager" at Sæther Nordic A/S above. Responsibilities: • Referring to Group Account Manager. • Financial controller supporting the accounting manager and CFO in all financial aspects (including ad hoc assignments). • Responsible for reporting of Danish subsidiary with yearly turnover of 350m DKK • Responsible for preparation of material for auditors. • Implementing of business intelligence system • Experiences user of Movex, ERP… Show more Company profile: See "accounting manager" at Sæther Nordic A/S above. Responsibilities: • Referring to Group Account Manager. • Financial controller supporting the accounting manager and CFO in all financial aspects (including ad hoc assignments). • Responsible for reporting of Danish subsidiary with yearly turnover of 350m DKK • Responsible for preparation of material for auditors. • Implementing of business intelligence system • Experiences user of Movex, ERP system • Support function for all brand managers within the group regarding financial aspects, cost controlling, monthly BM meeting etc. • Responsible for budget processes • Responsible for stock reconciliations and daily control of error reports. • Super user in excel and experienced in analyzing big data files. Show less Company profile: See "accounting manager" at Sæther Nordic A/S above. Responsibilities: • Referring to Group Account Manager. • Financial controller supporting the accounting manager and CFO in all financial aspects (including ad hoc assignments). • Responsible for reporting of Danish subsidiary with yearly turnover of 350m DKK • Responsible for preparation of material for auditors. • Implementing of business intelligence system • Experiences user of Movex, ERP… Show more Company profile: See "accounting manager" at Sæther Nordic A/S above. Responsibilities: • Referring to Group Account Manager. • Financial controller supporting the accounting manager and CFO in all financial aspects (including ad hoc assignments). • Responsible for reporting of Danish subsidiary with yearly turnover of 350m DKK • Responsible for preparation of material for auditors. • Implementing of business intelligence system • Experiences user of Movex, ERP system • Support function for all brand managers within the group regarding financial aspects, cost controlling, monthly BM meeting etc. • Responsible for budget processes • Responsible for stock reconciliations and daily control of error reports. • Super user in excel and experienced in analyzing big data files. Show less
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Deloitte
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Business Consulting and Services
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700 & Above Employee
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(Assistant) Auditor
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Sep 2002 - Apr 2006
Company profile: Deloitte is a worldwide audit/advisory company offering audit, consulting, financial advisory, risk management and tax services. Responsibilities: • Referring to various audit team managers and directly to audit partners on smaller clients. • Worked as auditor with primarily middle size and large clients in Denmark. Over time sole responsible for audit of middle size companies and training of audit trainees. • The work as auditor gave me great… Show more Company profile: Deloitte is a worldwide audit/advisory company offering audit, consulting, financial advisory, risk management and tax services. Responsibilities: • Referring to various audit team managers and directly to audit partners on smaller clients. • Worked as auditor with primarily middle size and large clients in Denmark. Over time sole responsible for audit of middle size companies and training of audit trainees. • The work as auditor gave me great experience/insight in auditing, accounting and tax service. • Completed 4 years internal audit school • For a 3 months period working as accounts receivable/net sales responsible at Sterling due to their acquisition of Maersk Air (special consultant assignment) Show less Company profile: Deloitte is a worldwide audit/advisory company offering audit, consulting, financial advisory, risk management and tax services. Responsibilities: • Referring to various audit team managers and directly to audit partners on smaller clients. • Worked as auditor with primarily middle size and large clients in Denmark. Over time sole responsible for audit of middle size companies and training of audit trainees. • The work as auditor gave me great… Show more Company profile: Deloitte is a worldwide audit/advisory company offering audit, consulting, financial advisory, risk management and tax services. Responsibilities: • Referring to various audit team managers and directly to audit partners on smaller clients. • Worked as auditor with primarily middle size and large clients in Denmark. Over time sole responsible for audit of middle size companies and training of audit trainees. • The work as auditor gave me great experience/insight in auditing, accounting and tax service. • Completed 4 years internal audit school • For a 3 months period working as accounts receivable/net sales responsible at Sterling due to their acquisition of Maersk Air (special consultant assignment) Show less
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Education
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Copenhagen Business School
Diploma in Economics (HD-R), Accounting -
Lolland Handelsgymnasium
HHX