Olga V. Makarova (Dr.),Ph.D., MBA,
Ph.D., MBA
Certified Management & Business Educator (CMBE, CABS, UK)
St.Petersburg, Russia
https://sites.google.com/site/ovmakarovafinance/ ov.makarova@yahoo.com
https://www.hse.ru/en/org/persons/132669901 omakarova@hse.ru
Basic education:
- prof.diploma: МВА, IMISP, 1999
international program in English: IMISP - HENLEY - SDA BOCCONI - ESADE - E.M.LYON
- academic degree: Candidate of Sciences,Economics (Ph.D. diploma in Russia), StPb University of the Economics & Finance (SPbUE&F), Finance Dept., 1999
paper: "Specifics of Financial Management in Russian Subsidiaries of TNCs"
- graduate degree: StPb University of the Economics & Finance (SPbUE&F), 1993
specialisation: economist, international economic relations
- secondary: #393 (gimnazium, spec: math.),1987; #239 (lyceum, spec: math.); school#183 (spec: engl.).
Languages: English - professional (Cambridge Cert.: C1 Business Higher), French - basic, Serbian - basic.
Information systems & ERP, implementation &/or use:
Scala, Platinum, Sunsystems, Oracle, 1C-8, Hyperion, SAP S/4 HANA, Monolit
Business management experience - with subsidiaries of international companies.
2006-2008 - GeoLogistics CIS, later Agility CIS (logistics & transportation), CFO for CIS.
2004-2006 - Pratt & Whitney Rus, branch of PW Canada (engineering), finance director, controller
1999-2004 - FORA Communications, later Tele2 St.Peetrsburg (cellular operator), Deputy CFO, Acting CFO
1999-1999 - Metrosvyaz Ltd. (cellular network HQ, Moscow), financial consultant in project for CDMA all-Russia network
1997-1998 - Gillette Russia, later branch of P&G (FMСG production), supervisor at the reporting and capex control department
1993-1997 - AT&T, later Lucent Technologies, Alcatel-Lucent (cellular equipment engineering projects), finance manager, assistant of EMEA CFO, chief accountant
1992-1993 - Thomesto StPb (pulpwood and Husquarna chainsaws international trade), finance assistant
Professional Advise Projects (since 1998г. till now):
Shef-Povar (meatproducts production) - management reporting audit, KPIs and management reporting system based on marginal approach, clients & product groups profitability analysis
Dipaul (Equipment for high-tech industry) - management reporting and budgeting system development, divisional transfer pricing system, educational seminars for top-managers.
Normann (investment & construction company) - developing management accounting for construction projects profitability analysis, cross-departmental budgeting model, HR costs planning model, content-coordination of ERP system implemetation, framing & mapping information for ERP, Investor Ambassador in ERP implementation project.
Center of Affordable Housing (state entity, social programs on housing and mortgages) - financial model for departmental budgeting(switching from CF-approach to P&L-approach), defining financing sources, developing payroll incentives financial model for analysis and planning.
Miks (fast-food chain), FitnessFamily (fitness clubs, development projects) - audit of business-plans performance and management reporting, crisis management, financial and analytical support for investment and marketing decisions, IT system implementation for budget control and management accounting. Investor Ambassador with CFO functions.
Jenavi (jewellery bijouterie production) - audit of financial and management accounting system, budgeting financial model, management reporting system, performance management and motivation systems implementation
Gepta (meatproducts production) - crisis financial management, marginal profitability analysis and sales planning system implementation
Bеaureau Veritas (certification services) - payroll and accounting system implementation in subsidiary, payroll calculations backwards restoration
Other companies - management accounting implementation, IT systems implementation, internal management reporting system, budgeting.
Academic Advise & Consulting Projects with companies:
MTS, Megafon, Netwrix, Ahlers, Gazpromneft, Rosneft, Almatyinzhstroy, Amrest, L'Oreal, P&G
Academic and administrative experience at Universities (rus & engl):
Area of Interest:
Business Finance, Strategic Finnancial Management, New Business Models & Metrics, Business-planning, Budgeting & Performance Management, Doing Business in Russia (for foreign students), Technological Entrepreneurship, Project Finance and Evaluation, Management Accounting and Decision-making, Financial Accounting and Analysis, Working Capital Management, Internal Control & Audit, Business Analytics for Managers, Business Architecture, Information Systems in Financial Management
ACCA accreditation for the discipline "Management Accounting" at GSOM SPbU bachelor program (2011, 1st academic ACCA accreditation in Russia)
Teaching & Admin
2021 - now (since 2014 part-time) - Higher School of Economics, St.Pb School of Economics and Management (HSE, SEM)
Finance Department
teaching (in English): Data Analysis Techniques in Finance; Financing, Fundraising & Crowdfunding, Corporate Finance, Sustainable Finance, Working Capital Management, Introduction to Financial Management
2021 - now (part-time) - joint Executive MBA program, AlmaU & GSOM, visiting professor
teaching: Financial Analysis for Decision-Making, Business Analytics for Managers
2015 - 2021, 2008-2011 - Graduate School of Management (GSOM), St.Petersburg University
Academic Director, International Programs, Double Degree programs (2015-2021);
CEMS Executive Board Member, member of CEMS Finance Committee (2015-2019)
Director of Master Programs (2015-2016), #23 in MIM FT ranking 2018
Director of Executive Education Center (2009-2011)
Academic Director of Executive Education Programs (2008-2011)
Strategic & International Management Department (2015-2021),
Finance & Accounting Department (2008-2011)
teaching (in English and Russian): Doing Business in Russia, Business-Planning, Financial Management, Management Accounting, Budgeting & Management Control Systems, Working Capital Management, Internal Control & Audit, Ivestment Projects Evaluation
2013 - 2015 - swiss-american Hospitality Business School (SWISSAM) (hotels, restaurants, tourizm)
teaching (in English): International Financial Accounting and Reporting, Management Accounting, Financial Analysis, Business-planning, evaluation of investment projects
2000 - 2001 (part-time) - StPb University of the Economics & Finance (SPbUE&F), Finance Dept
teaching (undergraduate): Financial Management Basics, Investment Projects Evaluation
Author's courses and master-classes (in Russian, in English):
- on-line course Doing Business in Russia (at SPbU) on Coursera (co-author) DBiR at Courcera
https://gsom.spbu.ru/en/all_news/event2019-12-9_1/
- Basic financial management instruments and budgeting system - series of seminars for management of engineering company Dipaul
- Cost reduction at food production enterprises - open program organized by School of Food Production Management
- Basics of Working Capital Management and Commercial Decisions - seminars for commercial department of Neva Milk (formerly Nevsky Cheeses)
- Financial Management Basics for Owners - seminars for shareholders of Jenavi
- Financial reports analysis, marginal approach - seminar for pulpwood production company-exporter Lemo
- Financial indicators, departmental marginal contribution - series of seminars for top & departmental management of mobile operator Tele2
- Other seminars for management and owners upon request
International conferences, guest lectures & courses:
- Guest lectures at Corvinus University Business School, МВА, Ms.Sc. (Hungary, 2019)
- Staff programs at Vienna University of Busieness and Economics - WU (Austria, 2017, 2019)
- Annual Conference EBES (Indonesia, 2019)
- Annual conference of British Academy of Management - BAM (UK, 2018)
- Guest lecture at Durham University, Ms.Sc. (UK, 2018)
- Conference ABS' Teaching, Learning and Student Experience (UK, 2018)
- International Conference on Business and Innovation (Japan, 2017)
- Academic conference of Eastern Academy of Management - EAM (USA, 2017)
- Expanding boundaries: The Scolar+Practioner. Workshop on case writing. Eastern Academy of Management - EAM (USA, 2011)
- Financial Management Strategies and operations in Healthcare - workshops by HFMA (USA, 2009)
- Strategic Management Seminar - workshops by Haas School of Business, Berkeley University (US, 2008)
- Internal Control: Sorbanes-Oxley act - seminar (Ernst & Young, 2006)
- Introduction of ACE (Achieving Competitive Excellence) approach in operations (Pratt & Whitney, Canada, 2005, 2006)
- Presidential Management Training Programme and Company Internship, pilot project (USA,1998)
- Project Accounting for Profitability - workshop (AT&T-Lucent Technologies, USA, 1996)
- Fundamental Accounting – part of CIMA program (BPP Institute, London, 1995)
Additional education and certificates (russian):
- Organizing Distant Interactive Groupwork (HSE, 2021)
- Data Storage and Analysis (ITMO, 2021)
- Big Data Analysis (Synergy, 2021)
- Teaching in BlackBoard System (SPbU, 2020)
- E-marketing (Texterra, 2020)
- SAP & S4/HANA - Intellectual Enterprise Process Management (СПбПУ, 2019)
- System of efficient tasks in distance and blended learning (2018)
- Information Systems Administrator, PG diploma (LIMTU, 2014)
paper: Budgeting and Management Reporting Automatization by 1C:ERP and 1C:Consolidation Implementation for Decentralised Companies
- Internal control: Sorbanes-Oxley Act - seminar (Ernst & Young, 2006)
- Accounting for local GAAP and IAS reporting (IMISP, 2001)
- Financial Accounting, Management Accounting - seminars (Artur Anders, 1995-97)
Memberships at International Accociations:
- Certified Management & Business Educator (CMBE) (UK, 2019-now)
- British Academy of Management (ВАМ), Treasurer at Performance Management SIG (2017- now)
- European association of International Education (EAIE) (2019 - now)
- Certified Institute of Management Accounts (CIMA) (1994-1996, 2016)
- Healthcare Financial Management Association (HFMA) (2009-2011)
Other interests:
Travelling, Photography, Mountin Skiing