Petar currently leads the controlling and strategy division of Air Serbia with a €250 million budget. Previously at Deloitte and PwC, he also worked on 20+ M&A projects and various audit, valuations, and restructuring engagements in Eastern Europe, serving industries such as oil & gas, pharmaceuticals, and trade. Petar freelances to advise clients on complex financial modeling and due diligence, and link business and finance perspectives.
University of Belgrade, Faculty of Organizational Sciences
Revenue & Expense Projections
Profit & Loss (P&L)
Business Case Development
Cash Flow Modeling
Three Statement Operating Model
Manager, Financial Controlling and Strategy
2014 - 2018
Guided the budgeting and controlling processes for four years, within a 97% level of accuracy.
Owned various profit improvement initiatives, of which 70% were successfully implemented.
Produced company strategy and business transformation projects such as a complete sales channel strategy redefinition, product offering transformation, brand repositioning, and operational fulfilment redesign.
Reduced the cost of sales by 20% over the accountable periods by performing deep dive analyses, identification of gaps, and constructive goal-setting processes.
Developed a strategic plan and financial forecasting model in support of a $100+ million cost group.
Introduced a sales channel strategy, based on deep financial and investment analyses.
Produced an analysis to support decision-making, such as the board decisions support, sensitivity analysis, financial gap identifications and mitigation, and risk exposures quantification.
Built detailed financial models for various projects, including capital projects rate of return analysis, complex contract evaluation, and purchase of property valuations.
Managed successfully numerous projects for premium clients in Balkan region. Primarily supported M&A, valuations and restructuring deals in industries such as oil and gas, pharmaceutical, trade, entertainment, and dairy.
Utilized valuation methods such as comparable companies analysis, discounted cash flow analysis, precedent transactions, and leveraged buyout analysis.
Sourced, screened, and performed full-scope due diligence engagements with 20+ companies (mid to large size) with EUR 100+ million in revenues.
Completed more than ten M&A transactions from teaser to finalization.
Led the advisory engagements with up to ten associates and interns per project.
Built detailed financial models covering profit and loss, cash flow, and balance sheets with projections with advance sensitivity analysis and risk assessments for diverse industry-specific indicators and risks.