Olivera Pavlovska

I became an expert for plan and analyses as much I knew every impact and its effect happening in the company I am working. When you have no developed society and even less developed company which follow business trends of development, there are plenty of opportunities to prove yourself and there are a lot of challenges to do something that would be a good practice and will contribute to increased efficiency and reduced costs in the company. I was working so hard and even when I didn’t have direct benefit and it was a little disappointing I continued to contribute in overall work on the finance sector. I often took work outside my job description because there was not enough stuff with good English or educational background or similar reasons and it was very interesting for me that this was opportunity to learn something new or spread my knowledge. In one of these situations I was part of the team working in renewing Accounting Policies of the company according to the IFRS (International Financial Reporting Standards) and IAS (International Accounting Standards) even my job wasn’t accounting directly. My consistent effort enabled me job promotion when auditors increased the need for new section that will take care about the debt and the covenants of the international loan agreements. Even now when I am promoted and I am Head of this department I am trying to spread my interest in a way of understanding technical processes and parameters for production and involve them in my calculation. For capital projects, hydro power plant, modernization of the power plants, wind park, revitalization of the hydro power plants etc, JSC Macedonian Power Plant has borrowed money from reputable financial institutions like: Deutsche Bank, KfW Bank, World Bank, EBRD and from these landings we have obligations arising from contracts and my job is to follow them, project the future outflows, project the risk for indebtedness, currency risk, interest rate risk etc. As the company follows development trends in technology for production of electricity I am part of the team who follows the trends and upgrade and improve the working in finance. When taking in consideration new projects my department projects the financial impact of the company as well as endurance, liquidity and solvency in long term.