Summary
Work History
Education
Skills
Timeline
Generic
THOR GRØNNING JOHANSEN

THOR GRØNNING JOHANSEN

Frederikshavn

Summary

Talented financial leader well-versed in accounting principles and regulations. Motivated to keep company financial operations compliant, accurate and cost-effective. Ready to bring 16+ years of experience and take on challenging new role.

Currently working as Finance Director (CFO) in Arval a marked leading player in the Automotive sector. I have the overall responsibility of Finance in Arval Denmark an refers to the CEO with a dotted line to the regional CFO of Nordics and ASIA based in Paris. I am a highly professional and experienced finance executive with a huge drive. It is key to me, that the finance function support the business and claim our right, by being a trusted and ambitious business partner – that deliver value for our stakeholders.

My mission is to establish and communicate policies and procedures necessary to ensure the proper and efficient use of the companiesʼ resources, securing a strong control environment that enables reporting in high quality.

I am very passionate about my work and always eager to learn new things. While I enjoy all aspects of my job, I think my primary motivation is to make a difference and to see the result of the team's and my work through effective management.

I am looking for a place to work where I can make a difference.

Work History

FINANCE DIRECTOR (CFO)

Arval BNP Paribas Group
04.2020 - Current
  • Overall responsible of all financial aspect of the Danish entity of Arval
  • Leading and managing financial processes as well as month‑end closing and reporting for Arval Denmark
  • Cash Management
  • Funding of a fleet to a value of some DKK 1.3 bill
  • Risk Management: Together with specialised corporate team Identify and mitigate financial risks to protect the company's financial position
  • Preparation of board material
  • Streamlined financial processes by implementing efficient budgeting and forecasting systems.
  • Improved financial performance through thorough analysis of company expenditures and revenues.
  • Strategic Planning; Together with the management team developing and implementing the financial strategies
  • Budgeting and forecasting
  • Responsible for credit procedures and collection procedures and handling of AML
  • Adapting to BNP Paribas' control framework
  • Outsourcing of activities to Shared Service center in Bratislava
  • Direct Manager of a small team of 5 FTEs

FINANCE MANAGER

3Shape A/S
11.2017 - 04.2020
  • Leading and managing financial processes as well as month-end closing and reporting for 3Shape
  • Managing payments through effective cash management
  • Optimizing procedures, manuals, guidelines and reporting for the Finance Team
  • Responsible for the Groups credit policy
  • Key driver in external audits and preparation of annual reports
  • Reporting VAT and taxes to Danish authorities
  • Increased financial efficiency by streamlining and automating financial reporting processes
  • Payroll management
  • Support to other teams in the Finance organisation
  • Managing a diverse Finance Team and leading people
  • Ad-hoc tasks for stakeholders

HEAD OF FINANCIAL CONTROLLING

Saxo Bank
02.2016 - 11.2017
  • Responsible for financial controlling for Saxo Bank Group, a fully licensed Danish bank with an online trading platform facilitating investment across global financial markets
  • Self-motivated, with a strong sense of personal responsibility
  • Skilled at working independently and collaboratively in a team environment
  • Responsible for daily and weekly income reporting across all product types and earning components to the executive team and other key stakeholders
  • Biannual disclosure of consolidated results in accordance with IFRS and "regnskabsbekendtgørelsen"
  • Responsible for maintaining and reinforcing internal controlling in accordance with internal guidelines


HEAD OF GROUP CONTROLLING

Maersk Tankers
06.2013 - 02.2016
  • Responsible for Group controlling for Maersk Tankers Group, market leading within the industry
  • Monthly, Quarterly and Year-End reporting and analysis of consolidated financials to Management, Group Accounting and auditors
  • Extensive exposure to senior management
  • Responsible for driving the process of faster monthly closing (From 12 days in 2013 to now 6 days)
  • Increased team productivity by implementing efficient project management strategies
  • Responsible for maintaining and reinforcing the APMM control framework RICC (Risk, Internal Control and Compliance) in accordance with Eurosox and as part of that monitoring that all controls are performed
  • System owner of the consolidation tool SAP/BPC
  • Responsible for various projects such as closure of companies and optimising the Maersk Tankers capital structure
  • Team is among the 25% quartile within Maersk but also externally in overall engagement score
  • Performance above targets

Group Financial Controller

Svitzer
02.2010 - 06.2013
  • Consolidation and Controlling for SVITZER Group, covering approximately 150 entities and + USD 1 billion revenue
  • Monthly, Quarterly and Year-End reporting and analysis of consolidated financials to Management, Group Accounting and auditors
  • Responsible of preparing the annual financial statement according to IFRS
  • Perform training in financial reporting for the global organisation
  • Extensive exposure to the global finance organisation by day to day communication with finance and accounting managers
  • Responsible for financial integration in various restructuring projects
  • Strengthened financial control by implementing rigorous internal audit processes and risk management strategies
  • Reviewing financial reporting from subsidiaries, assisting them with accounting issues and performing controller visits targeting both financials and internal controls
  • Optimized cash flow management with effective forecasting, budgeting, and reporting systems
  • Extensive knowledge in Hyperion Financial Management
  • Project manager with the responsibility of successful implementation of the APMM control framework RICC (Risk, Internal Control and Compliance) in accordance with Eurosox and development of SOPʼs (standard operating procedures)
  • Responsible for the annual capital allocation process
  • Preparation of consolidated 5 quarters rolling forecasts
  • During the offshoring/outsourcing of finance processes in the SVITZER head office I was responsible for the day to day training of our Indian colleagues
  • Performance above targets

AUDITOR

Ernst & Young revisionsaktieselskab
05.2007 - 02.2010
  • Teamleader during the last year within audit
  • Experience from international groups and large and medium sized companies in a variety of industries
  • Preparation of financial statements according to Danish GAAP and IFRS hereunder preparation of consolidated financial statements with, recognition of foreign subsidiaries
  • Enhanced financial accuracy by conducting thorough audits and identifying discrepancies in financial statements
  • Consultancy work involving due diligence, IPOs, financial control
  • Sarbanes Oxley Act and external course in Excel
  • Has held internally induction course for new started employees
  • Performance above targets

AUDIT ASSISTANT

R60 Revisionsaktieselskab
04.2006 - 05.2007
  • Audit of smaller Danish owned companies and various tasks including preparation of tax returns for persons including tax planning and optimization
  • Enhanced audit efficiency by streamlining and automating various audit procedures

Education

Master of Science - Auditing and Business economics

Copenhagen Business School
Copenhagen, Denmark
08.2008

Bachelor of Science - Business Administration

Roskilde University
Roskilde, Denmark
06.2006

Skills

  • Finance
  • Cash Flow Management
  • Debt management
  • Tax Compliance
  • Stakeholder Management
  • Internal Controls
  • IFRS Knowledge
  • Cost accounting
  • Financial Forecasting

Timeline

FINANCE DIRECTOR (CFO)

Arval BNP Paribas Group
04.2020 - Current

FINANCE MANAGER

3Shape A/S
11.2017 - 04.2020

HEAD OF FINANCIAL CONTROLLING

Saxo Bank
02.2016 - 11.2017

HEAD OF GROUP CONTROLLING

Maersk Tankers
06.2013 - 02.2016

Group Financial Controller

Svitzer
02.2010 - 06.2013

AUDITOR

Ernst & Young revisionsaktieselskab
05.2007 - 02.2010

AUDIT ASSISTANT

R60 Revisionsaktieselskab
04.2006 - 05.2007

Master of Science - Auditing and Business economics

Copenhagen Business School

Bachelor of Science - Business Administration

Roskilde University

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THOR GRØNNING JOHANSEN