Curriculum Vitae

Morten Melchiors

Address: Vennely Allé 9, 2500 Valby

Date of birth: 13.07.1975

Marital status: Married

Children: One Child

Mobile: +45 50 77 52 19

E-mail: mm@mel-con.dk

Executive summary

From my point of view, I see corporation and coordination between finance and the rest of the organization as vital; through this corporation massive advantages and gains can be harvested.

Therefore, it is vital for any company – small or lager – to ensure that the link between finance and the rest of the company is strong, it is of other most importance that the corporation is carried out in mutual understanding of the overarching goal – growth and prosperity of the company – and in mutual respect between the various departments and employees.

As a controller, I act as a mediator between the business and finance, I see myself as a consultant who works together with all parts of the organization to get the overall understanding of a problem at hand and based on pros and cons, come up with the best possible options, for the organizations, in a given situation.

As a coworker people describe be as outgoing and easy to talk to and get in contact with, I always enjoy a laugh at the office, and it is particularly important to me with a positive can-do mindset at the office.

Relevant educations

1999 – 2002 M.Sc. in Economics (Cand.Polit), University of Copenhagen
1999 – 1995 B.Sc. in Economics (BA Polit.), University of Copenhagen

Languages

Danish (mother tongue) – English (fluent) – German (advanced) – Scandinavian (basic) – French (poor)

Career summary

2018 – Present Senior Financial Controller, Interim/self-employed
2016 – 2018 Business Controller, Pandora A/S, Copenhagen, Denmark
2016 – 2009 Senior Financial Controller, DONG Energy A/S, Copenhagen, Denmark
2006 – 2009 Financial Controller, Rockwool International A/S, Roskilde, Denmark
2002 – 2006 Economist, The World Bank, Washington D.C. USA
2003 – 2003 Economist, FAO (United Nations), Rome, Italy
2001 – 2002 Economist, Abel Projects ApS, Copenhagen, Denmark
2001 – 2001 Economist, Community Water and Sanitation Agency, Accra, Ghana
1998 – 2000 Advisor, Into Denmark ApS, Hillerød, Denmark

Major areas of expertise

Business Controlling
⦁ Project reporting
⦁ Setting up project controlling framework
⦁ Day to day project progress follow up
⦁ Hands on contact and follow up with project managers
⦁ Member of project steering committee

Financial Controlling
⦁ Monthly, quarterly and annual closing and reporting
⦁ Accounting dialog with external accountants
⦁ Budget and Forecast process owner and input provider
⦁ Developing controlling frameworks (excel models)
⦁ Adjusting equity based on new own developments

International Experience
⦁ Worked 12 years for multinational corporations
⦁ Worked 6 years for UN organizations and NGO’s
⦁ Worked and lived 6 years abroad
⦁ Work experience from 4 continents
⦁ Worked and lived in development countries

Board of Directors
⦁ 15 years of experience as a professional board member
⦁ Strategic development and planning
⦁ Heading financial planning and forecasting
⦁ Executing strategic development plans and turn-arounds
⦁ Chairman of Board of Directors

Business partnering
⦁ Working directly with project managers
⦁ On the ground presence and hands-on involvement
⦁ Permanent member of management team
⦁ Directly involvement in financial and budget decisions
⦁ Direct support on financial issues – go to guy

Financial modeling
⦁ Designing and creating financial models in excel
⦁ Collect and organize financial data
⦁ Design, manage and carrying out surveys
⦁ Analyze survey data
⦁ Survey experience from developing countries

Training
⦁ Designing training courses
⦁ Implementing training courses
⦁ Putting together and creating training materials
⦁ Facilitate training courses
⦁ Delivering training sessions

Change management
⦁ Company redesign – strategy and focus
⦁ Reorganizations
⦁ Restructuring processes
⦁ Company sales: involvement in sale of power plants
⦁ HR strategy and initiatives

Career in details

01.03.2020 - Financial Controller; interim (self-employed)

VSMO ApS
VSMO ApS is a medium size developer – working with all fields of construction and building.

Responsibilities
⦁ Monthly, quarterly and annual closing
⦁ Monthly, quarterly and reporting to direct and upper management
⦁ Monthly Asset and investment controlling
⦁ Budget and forecast input provider
⦁ Develop Standard Operating Procedures and descriptions for monthly and quarterly closing process
⦁ Evaluating project economy prior to project approval and initiation

Achievements & and results
⦁ Building and implementing financial and business controlling instruments and procedures
⦁ Developed procedures and guidelines for monthly and quarterly closing
⦁ Asset and investment controlling
⦁ Development of new controlling guidelines

01.10.2018 – Financial Controller; interim (self-employed)

29.02.2020 - Danfoss A/S

Danfoss A/S manufactures products and provides services used in cooling food, air conditioning, heating buildings, variable
frequency drives, gas compressors, variable-frequency drives and powering mobile machinery. Danfoss employs
approximately 28,000 people worldwide and has an annual turnover of around 50 Billion DKK.

Achievements & and results
⦁ Successfully closed and report and commented the monthly results
⦁ Developed procedures and guidelines for monthly and quarterly closing
⦁ Asset and investment controlling
⦁ Development of new controlling guidelines
⦁ Quarterly Transfer pricing calculation and charge out

15.05.2018 – Financial Controller; interim (self-employed)

30.09.2018 - SAXO Bank A/S

SAXO Bank is a Danish investment bank specializing in online trading and investment. SAXO Bank offers trading through its
online platforms in Forex, stocks, CFDs, futures, funds, bonds and futures spreads. The company functions as an online
broker with a bank license, without offering traditional banking products. More than 100 financial institutions globally
service their end clients with Saxo Bank’s platforms.

Responsibilities
⦁ Monthly and quarterly closing
⦁ Monthly and quarterly reporting to direct and upper management
⦁ Budget and forecast input provider
⦁ Develop Standard Operating Procedures and descriptions for monthly and quarterly closing process
⦁ Draft half yearly report/statement for SAXO Bank A/S for first half year 2018

Achievements & and results
⦁ Developed procedures and guidelines for monthly and quarterly closing
⦁ Completed initial draft of half year report for first half of 2018
⦁ Successfully closed and report and commented the monthly results

01.02.2008 – Financial Controller; interim (self-employed)

Maltbazaren ApS
Maltbazaren ApS sells brewing equipment and ingredients to professionals as well as to consumers.

01.11.2016 - Business Controller

31.05.2018 - Pandora A/S

PANDORA designs, manufactures and markets hand-finished and contemporary jewelry made from high-quality materials
at affordable prices. PANDORA jewelry is sold in more than 100 countries on six continents through around 7.800 points of sale, including more than 2.400 concept stores.

Responsibilities
⦁ Evaluating and quantifying new IT projects – pre-evaluation and quantification prior to board presentation and decision
⦁ Assisting project managers with new IT project cases – assist with financial modeling and quantification
⦁ Monthly project reporting
⦁ Monthly project follow-up with project managers
⦁ Monthly and annual closing of the books
⦁ Adjusting equity based on new own developments

Achievements & and results
⦁ Designing, developing and implementing a new business case template for all IT projects in the Pandora Group
⦁ Designing and implementing new project follow-up tools and reports for project managers
⦁ Designing and implementing a new model and report for follow-up on organization wide IT cost
⦁ Streamlining of project forecast models

30.10.2016 - Senior Financial Controller

01.08.2009 - Dong Energy Thermal Power A/S (Ørsted A/S)

DONG Energy Thermal Power operates thermal power stations and biomass-fired boilers in Denmark. The company produces heat and electricity. DONG Energy Thermal Power A/S operates as a subsidiary of DONG Energy A/S.

Responsibilities
⦁ Monthly, quarterly and annual closing
⦁ Monthly, quarterly and annual reporting to direct and upper management
⦁ Budget and forecast process owner and input provider
⦁ Financial support and advice for Region East in Dong Energy Thermal Power and all DONG Energy Danish harbors
⦁ Evaluating project economy prior to project approval and initiation
⦁ Working directly with and in the management group as financial advisor
⦁ Hands on involvement in day to day operation and problem solving

Achievements
⦁ Designing, developing and implementing a new monthly reporting tool and a new report linked to the new tool
⦁ Participate in the design and development of a new budget and forecast model
⦁ Participating in the design and development of a new data model for Dong Energy Thermal Power
⦁ Created a new hands-on controlling manual to be used in and by the business
⦁ Design, development and implementation of a new budget and forecast template
⦁ Implementing a business partnering setup in Region East in Dong Energy Thermal Power and all DONG Energy Danish harbors
⦁ Assist on all financial aspect of a major insurance claim and settlement, direct contact to the insurance company and experts appointed by the insurance company – insurance settlement related to 2012 fire in biomass silo at Avedøreværket
⦁ Assist in the execution of a sale of 9 decentralized powerplants – participate in sales meetings, provide data and answer financial related questions to potential buyers via a data room

31.07.2009 - Financial Controller

01.06.2006 - Rockwool International A/S

Rockwool International A/S, is a multinational manufacturer of mineral wool products headquartered in Greater Copenhagen, Denmark. Rockwool is the world’s largest producer of stone wool insulation materials. 90% of the company’s revenue comes from the sale of insulation products, while 80% comes from sales within Europe.

Responsibilities
⦁ Monthly, quarterly and annual closing
⦁ Monthly, quarterly and annual reporting to direct and upper management
⦁ Budget and forecast process owner and input provider
⦁ Hands on involvement in day to day operation and problem solving
⦁ Business partner for Group IT
⦁ Working directly with and in the management group as financial advisor
⦁ Carry out SAP training for and in the business
⦁ “CFO” for the IT company/Group IT in Rockwool

Achievements
⦁ Creating the overall financial framework for a global group IT organization
⦁ Implementing the framework for a global group IT organization – setting up the financial structures
⦁ Designing, developing and implementing new monthly reporting tools and reports
⦁ Design, development and implementation of a new budget and forecast template
⦁ Creating the business partnering setup between global IT and finance
⦁ Creating a SAP training framework for the business

30.05.2006 - Economist

01.04.2002 - The World Bank (IBRD)

The World Bank is an international financial institution that provides loans to countries of the world for capital projects. The World Bank’s stated goal is the reduction of poverty. However, according to its Articles of Agreement, all its decisions must be guided by a commitment to the promotion of foreign investment and international trade and to the facilitation of capital investment.

Responsibilities
⦁ Deliver training sessions
⦁ Designing and implement training courses, training programs and conferences
⦁ Create case studies to be used in training courses carried out by the World Bank
⦁ Putting together and creating training materials
⦁ Facilitate and moderate training courses and panel discussions
⦁ Assist in research carried out by the World Bank Institute
⦁ Assessor for the Development Marketplace, under the overarching theme innovations for livelihoods in a sustainable environment, on the topic of sustainable use of natural resources

Achievements
⦁ Designing training courses on various topics within supply chain management, land reform, water management, conflict resolution and horticulture
⦁ Creating training materials including writing new training materials to be used by the world Bank for training purposes
⦁ Lead role in designing and implementing international conferences on three different continents – among these an international conference in China with the participation of leaders from more than 20 different countries
⦁ Carry out and facilitate training courses on three different continents
⦁ Writing and reviewing parts of a book on agriculture in an economic context – the book was written in connection with an international conference in China and published in China

30.10.2003 - Economist

01.05.2003 - Food and Agricultural Organization of the United Nations (FAO)

FAO is a specialized agency of the United Nations that leads international efforts to defeat hunger. FAO acts as a neutral forum where all nations meet as equals to negotiate arguments and debate policy. FAO is also a source of knowledge and information, and helps developing countries in transition modernize and improve agriculture, forestry and fisheries practices.

Responsibilities
⦁ Carry out a review of all irrigation projects carried out by international organizations in the period from 1945 to 2000
⦁ Design and build an excel model to simulate investment cost associated with building future irrigation systems any where in the developing world
⦁ Handover excel model to contractor and department responsible for the future utilization of the model

Achievements
⦁ Created an Excel model that modelled costs of carry out irrigation projects any where in the developing world
⦁ Complete review of all irrigation projects carried out between 1945 and 2000 by international organizations
⦁ Create a “how to use and how to update” excel model manual
⦁ Handover of excel model to contractor (FAO)

30.05.2002 - Economist - consultant

01.09.2001 - Abel Projects ApS

Consultancy company, based in Copenhagen, carrying out consultancy assignment within the world of development economics, for clients such as The World Bank, the United Nations, EU and DANID. The major field of expertise was the economics of agriculture and agricultural development in the developing world.

Responsibilities
⦁ Carry out consultancy assignments for international organizations or NGO’s
⦁ Design and implement training courses and workshops
⦁ Participate in the project proposal writing process
⦁ Develop and follow leads that could lead to future assignments and contracts
⦁ Run and manage the home office of Abel Projects, including running the office staff

Achievements
⦁ Created a financial model for the report on the Sustainable Tourism Stewardship Council published by the University of Salford Manchester and funded by the Ford foundation
⦁ Design and organization of a workshop on beef production and beef byproducts in Botswana for the Botswana Development Corporation
⦁ Developed a business development training program for sunflower farmers and processors in Albania for UMCOR, funded by the United States Department of Agriculture
⦁ Review of the agricultural marketing structure and supply chains in the central highlands of Vietnam, study carried out for the Government of Vietnam, funded by the World Bank

30.08.2001 - Economist

01.04.2001 - Community Water and Sanitation Agency

The Community Water and Sanitation Agency is responsible for the implementation of sustainable water, sanitation and hygiene services delivery to rural communities and small towns, under Ghana’s National Community Water and Sanitation Program, the agency is supported by Danish Development Aid.

Responsibilities
⦁ Collect data on willingness and ability to pay for water resources in the rural parts of the Eastern Region
⦁ Review existing studies on willingness and ability to pay for water resources in western Africa
⦁ Hire and manage a survey team
⦁ Writ up a case study on willingness and ability to pay for water resources in the rural parts of the Eastern Region
⦁ Present the study findings to various stakeholders in the Eastern Region

Achievements
⦁ Carried out the largest “Willingness and Ability to pay for water” survey ever carried out in Ghana (by 2001)
⦁ Analysis willingness and ability to pay for water among the rural population in the Eastern Region of Ghana
⦁ Recommendation on policy changes, regarding the payment schemes and payment setups aimed at local water supply organizations for services supplied by the Community Water and Sanitation Agency
⦁ Case study on willingness and ability to pay for water resources
⦁ Organized a workshop on willingness and ability to pay for water resources – outlining the study findings

30.06.2000 - Advisor

01.06.1998 - INTO Denmark ApS

INTO Denmark is part of the greater INTO student exchange organization based in several European countries. INTO organizes student exchange trips for high school students who which to study a year abroad, the organization organizes all aspects of a student exchange experience, including finding host families and schools as well as all practical aspects of visas, study permits as well as travel arrangements, etc.

Responsibilities
⦁ Assist exchange students while abroad, and their parents, on day to day problems at home or at school
⦁ Assist inbound, foreign, students on exchange in Denmark on every day issues at home or at school
⦁ Work closely together with schools and student councilors on issues related to the students on exchange in Denmark
⦁ Design, organize and implement training courses for futures exchange students preparing for going abroad
⦁ Carry out sales meetings with potential new clients

Achievements
⦁ Designed and implemented a new college exchange program designed for the Danish marked
⦁ Redesign INTO Denmark’s sales and marketing presentation to potential clients
⦁ Initiated dialogues with potential new partners in New Zealand
⦁ Designing and carrying out a major survey of student exchange in Denmark, aimed at improving the sales and marketing strategy of INTO Denmark

Board expertise

2010 – 2018 Chairman of the Board, Maltbazaren ApS
2008 – 2018 Board member, Rhetorica ApS
2008 – 2010 Board member, Café Globen
2002 – 2006 Board member, Abel Projects ApS
1998 – 2000 Board member, INTO Danmark

Additional education / training

2017 – 2017 Problem Solving, Pandora training course (McKinsey development and design)
2016 – 2016 Positive Psychology in Management, University of Aarhus
2015 – 2015 Positive Psychology in everyday life, University of Aarhus
2014 – 2014 Specialist Development Program, DONG Energy internal development program
2014 – 2014 Working on the Board of Directors, University of Aarhus
2013 – 2013 The methods of Positive Psychology, University of Aarhus
2013 – 2013 Annual closing, taxation and the law, Regnskabsskolen
2013 – 2013 Introduction to the Energy Sector, University of Southern Denmark
2008 – 2008 Exanimated Controller Education, Controller Forum and DJØF

Additional experience

1991 – 1995 Mathematical High School graduate, Fredericia Amtsgymnasium
1993 – 1994 High School Exchange student living abroad for a year, Brock High School, Texas, USA

Spare time / private activities

Playing tennis in the summer and skiing in the winter. Member of travel guild Denmark. Enjoys traveling and outdoor life when time permits it.

Mel-Con ApS