1 · Portland, OR 97229 · Home: +1 503 671 8085 · · Allan.Jakobsen@Nike.com ·
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| · | I am looking for a challenging job with a mix of Treasury implementation projects and Corporate HQ Treasury duties... AND I HAVE FOUND IT AT NIKE. I THEREFORE CURRENTLY DON'T LOOK FOR A JOB.
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| · | My preference would be to be based out of Portland (Oregon), but I am also willing to consider other temporary arrangements or heavy travel in the beginning, before achieving that goal.
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BRIEF SUMMARY OF FULL CAREER:
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I have a Master degree in Finance + 10 years experience , covering:
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| · | SAP FI and SAP Treasury system setup, Support and Training
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| · | Proven adaptability to foreign cultures. For example : Oregon (half year), Singapore (6 years), Holland (3 years) and Denmark where I am from (40 years!) and now USA 4 years. Colleagues can confirm I embrace challenges with a positive attitude.
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| · | FX risk management, correlations, value at risk, volatilities, exposures
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| · | Payment configuration and testing / Electronic Bank statements config and support. Coordination of bank setup and interfaces rollout.
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| · | Planning conversion and system cutover activities.
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| · | Treasury Accounting and Book keeping (FX, Derivatives and Cash instruments)
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| · | Accounting for Investments in Subsidiaries (Mergers & Acquisitions, restructuring, intercompany, dividends)
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| · | Internet accounting system Consulting (application service provider which never made it to IPO!!)
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| · | Hyperion Consolidation package rollout to Division
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| · | Hyperion consolidation administration and management reporting. Ratios on Working capital
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| · | Conducting Treasury training classes.
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January 2002 - Present |
SAP Treasury Business System Analyst
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Portland, OR |
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| · | 2008 FX correlation risk analysis, Basket option Monte Carlo modelling, Value at Risk and Exposure analysis.
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| · | 2008 Nike balance sheet FX exposure dashboard in BW for centralized risk management.
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| · | 2008 Treasury workstation vendor evaluation and contract negotiation, SWIFT service bureau vendor evaluation
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| · | 2007 Nike Canada SAP lockbox project; Nike USA cash position worksheet / SAP cash management redesign, current day reporting.
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| · | 2005 and 2006 SAP Treasury implementation in Latin America (Mexico, Chile, Argentina and Brasil). Involving config, multibanking, collections, EBS reporting and config, Cash positioning, investment instruments and accounting. Collections banking product implementation (CitiConnect).
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| · | 2003 worked on a SAP upgrade to 4.6 project + rollout project for 12 Non-EUR companies.
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| · | 2002 year SAP 4.5b rollout to Nike European network of companies.
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| · | Worked with technicians on payments interfaces with banks and MT101 Swift payment messages
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| · | Tested payments and accounting configuration for FX, Money Market and Cash management Zero Balancing transactions setup to speed up cash concentration.
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| · | Built SAP IDoc to CitiDirect payments interface with Citibank and technical team at Nike.
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| · | Setup of Electronic bank statements (EBS, MT940 reporting, BAI2 reporting)
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| · | Conducted Training classes for Treasury staff.
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| · | BW reports: FX balance sheet exposure reporting; Global bank balance reporting directly into Excel (credit risk report).
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| | The East Asiatic Company (Trading company/finance) |
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May 2001 - November 2001 |
External SAP Consultant
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Singapore |
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The project entailed: Integration of SAP (GL, AR, AP and Fixed Assets and Treasury) setup between a company in Denmark and a company in Singapore.
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The completion of the project has enabled the two companies to:
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| · | Share the Treasury setup
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| · | Enabled users of the AP module to book payments within SAP and load the payment information directly into an External online Bank system for Vendor payment.
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| · | Share Fixed Asset depreciation setup.
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| | BizTone (Internet Accounting delivered as a Service - ASP) |
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November 2000 - April 2001 |
Business Consultant
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Singapore |
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With BizTone.net I was performing a very broad set of activities quite unlike earlier accounting and IT jobs. I had real customer interaction and conducted Demos:
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| · | Helping building a Sales organization / channel for ERP accounting software product
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| · | Meeting clients, demonstrating the accounting software online for them and writing business proposals
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| · | Testing the accounting software for the developers
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| · | Building training material for the web
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| · | Writing Implementation Guidelines
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| · | Presenting slide-shows for large groups of endusers on userevent days
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| · | Helping clients and partners in implementation projects with technical issues
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Clearly, working for BizTone.com exposed me to many new dimensions of Business and improved my confidence and experience in customer related situations. In this fast paced internet-environment, my ability to learn quickly, create ideas and to work as part of a team proved very valuable.
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| | The East Asiatic Company (EAC parent company Finance Dept)) |
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May 1998 - October 2000 |
Assistant Financial controller / SAP FI + Treasury project manager
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Singapore |
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When it was decided to upgrade the financial systems in the EAC Finance Department to SAP Treasury, I was the assistant Financial Controller and I was appointed to drive and co-ordinate its implementation. This entails
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establishing optimal work processes, documenting the system requirements and doing the SAP configuration within the finance department, covering:
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| · | SAP General ledger and AR accounting system with direct link to treasury transaction system
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| · | SAP Treasury system to handle various financial products, including:
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| · | External and inter-company money market deposits / loans
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| · | Foreign currency spot and forward transactions
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| · | Interest rate derivatives and Securities
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| · | SAP Cash management / liquidity forecast system
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| · | Market Risk Management indicators (currency and interest exposure and Value at Risk).
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| · | Prototype system in test environment
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| · | Prepare user instructions (technical and end-user guides)
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| · | Security setup (authorization profiles).
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| · | Write program specification for interface for SAP balances download to Hyperion EAC Group consolidation tool. I worked closely with ABAP programmers to achieve this.
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The project was successfully completed on time and within budget, resulting in substantial reduction of time and manpower required to generate month end accounts and significantly improved cash and risk management tools.
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After the project completion I worked as part of the team of accountants in the corporate headquarter, using the bank account dial up systems and Hyperion consolidation software - I also worked on Group Equity accounting, investments in subs., intercompany elimination, dividends, currency translation adjustments and various group restructuring transactions. I also performed ad-hoc financial analysis and “mark to market” calculations of Derivatives.
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| | The East Asiatic Company (Nutritional Division - regional center) |
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October 1996 - April 1998 |
Project manager (Hyperion consolidation)
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Singapore |
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Reporting directly to the CFO of the Dumex Nutrition division of EAC, I was given the mission to set up a new system to capture financial and management information for the newly established Dumex Regional Center in Singapore in a standardized format, covering 4 production companies. The software used was a combination of a Hyperion Enterprise and links to Excel spreadsheets and the information collected was complete monthly financial statements in foreign currency, sales volumes by product and inventory and accounts receivables information for working capital performance measurement (DSO).
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Upon completion of the reporting package development, I proceeded to on-site implementation in Thailand, Malaysia, China (Shanghai) and Denmark to install the package and train the users in the operating units. The number of users was 4-5 each place and the implementation was completed within a tight timeframe.
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Thereafter, I worked as an administrator/controller of the database and had frequent interaction with the reporting operating units. The information was used as input in the monthly consolidated management report and for performance measurement of the business units. This ultimately evolved into a balanced scorecard concept for the Dumex group of companies. Each month I could re-use the same Excel template for tables and charts.
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| | The East Asiatic Company (Singapore subsidiary) |
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October 1995 - September 1996 |
Accounts / IT trainee
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Singapore |
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With a fresh Master degree in Finance, I packed my bag and went from Denmark to Singapore to work one year.
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| · | It turned out well and I stayed in Singapore 5 years more.
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| · | As trainee I had a great mentor and learned quickly.
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| · | I can obviously provide several references from my 5.5 years with EAC. colleagues.
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| | The Aarhus Scool of Business |
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February 1995 |
Master of Business (MBA)
Finance
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Aarhus, Denmark / Oregon USA |
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Below is briefly the areas covered by my Financial degree.
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I have since my graduation keept up with various developments within financial theory by reading the occasional text book.
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| · | Derivatives, volatilities, GARCH, Correlations
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Banking / financial industry:
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| · | Risk manangement, FX exposure management, Value at Risk, VaR
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Elective International subjects:
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| · | 5 months at Oregon State Uni., USA
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| · | Danish Deposit Insurance viewed as a "Put option" (an empirical Bank industry analysis involving Option-Calculus and analysis.
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| | Business School of Southern Denmark |
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June 1992 |
Bachelor of Business Administration
Economics
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Esbjerg, Denmark |
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A broad and general Bachelor degree covering:
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| · | Micro Economics / Macro Economics
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It was here that I got the interest in Finance/Economics/Statistics, leading to the Master degree in Finance.
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| · | Excel : Very Advanced user level and experienced in handling large sets of data, models and report templates. Statistical modelling, Value at Risk (VaR), Correlations, Volatilities, Risk management.
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| · | SAP FI + Treasury ver. 4.0 and 4.5 and 4.6 : Advanced user/configuration level for FI (GL, AR, AP and Fixed Assets) and all TR (Treasury) modules. During the implementation,
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I also configured large parts of the Authorization profile setup.
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No ABAP/4 programming capability, but good technical understanding of database tables and data-structures. I have worked closely with ABAP programmers to specify programs, GAPs and bug fixes.
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| · | Hyperion Enterprise: Administrator/system developer level at Hyperion version 1.8.1. Training of Hyperion end users. Extensive Excel Hyperion retrieve macro-programming experience. End-user of Hyperion 4.7 XA. Consolidation.
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| · | MS Access: During my EAC Treasury job, I have become an average user of Access as I have collected and consolidated information about Banking facilities and utilization from all subsidiaries of EAC on a monthly basis.
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| · | PowerPoint : At EAC Dumex I produced a massive number of chart-slides for the CFO and I held some presentations myself. At BizTone.com I continued to improve my presentation skills.
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Enjoys skiing, mountaineering and Hiking.
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Nerdish stuff about Risk management and financial markets and financial models.
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| · | Fluent English (written and spoken)
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| · | Danish (written and spoken, my mother tounge)
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| · | German can be read well and I speak some, but written German would need a serious brush-up.
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