Alexander Makarov

Experience

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  Central Economics and Mathematics Institute (Центральный экономико-математический инстиут РАН)

  Jan 2011 - Jan 2012

  Research assistant

  Under research fellowship #10-06-00362 “Modeling of social-ethical aspects of economic systems” (“Моделирование социально-этических аспектов экономических систем”) provided by Russian Foundation for Basic Research (РФФИ) I was taking part in:• Coordinating development of computer model of society;• Creating computer model (C++);• Data analysis and preparing research papers.

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  Russian Standard Asset Management

  Apr 2012 - Oct 2012

  Analyst at Research Department

  During internship at research department I was involved in:• Debt and capital market analysis; • Writing research reports about financial markets and global economy on daily and weekly basises;• Assisting head of research in providing commentaries about market events for company clients and financial news providers (RBC, Vedomosti, Kommersant, RTR Planeta);• Providing support for managers in creating portfolios and investment declarations;• Reporting about company's portfolio performance to clients and top management. Show less

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  Promzakaz OOO (LLC)

  Oct 2012 - Apr 2013

  Financial Analyst

  As a financial analyst at leading russian value-added reseller of telecom equipment my duties included, but were not limited to:• Management reporting (preparation of monthly, quarterly and annual P&L, cash flow statement);• Financial planning and analysis (actual vs. planned performance);• Investment project valuation (NPV, IRR, payback), value for shareholders;• Analysis of the legal documentation.By the end of my employment I managed to:• Introduce management accounting system based on 1C, bank statements and sales managers reports (excel-based solution);• Created business model for new project, which was approved by shareholders. Show less

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  Allianz Russia

  May 2013 - Jul 2014

  Main responsibilities:• Financial planning CEEMA Allianz SE subsidiaries in Russia (life insurance, asset management, pension fund);• Communication with various departments involved in management reporting and coordination of data delivery process;• Cost analysis and control.Achieved results:• Developed new financial model for asset management division (P&L and Cash-flow monthly planning);• Participated in annual group 3-year business planning process and was in charge of updating business models, creating presentations for shareholders. Show less

  • Senior Financial Analyst

    Feb 2014 - Jul 2014

  • Financial Analyst

    May 2013 - Jan 2014
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  Solar Systems, LLC

  Jul 2014 - Feb 2018

  Senior Financial Analyst

  Solar Systems (http://solarsystems.msk.ru) was established in March 2014 in order to develop renewable energy generation in Russia. In 2014-2015 Solar Systems took part in renewables investment projects selection auction and won a 225 MW portfolio of solar parks commissioning in 2016-2019, becoming one of the major players in Russian renewable energy market.As a senior financial analyst I am involved in full range of financial activities (modeling, scenario analysis, projects evaluation), investor relations (fundraising, negotiations with banks and funds) & renewable energy markets analysis. Show less

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  Freelance

  Feb 2018 - now

  • Consulted several energy and agro developers on bank financing and was responsible for financial modelling and approval of credit documentation for a total amount of over 30 billion RUR;• Participated in structuring of largest solar power plant cash flow securitisation transaction on the Russian stock market (fixed income) and was responsible for financial modelling, drafting of transaction documentation;• Participated in structuring a major M&A transaction in the renewable energy sector in the Russian Federation involving a foreign investor and was responsible for financial modeling and drafting of the financial part of the transaction documentation; Show less

  • Health Economics & Outcomes Research (HEOR) consultant

    Mar 2020 - now

  • Financial and investment analyst

    Feb 2018 - Mar 2020
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  Pharmaceutical Analytics Middle East

  Dec 2022 - now

  Head of research unit

  • Pharmacoeconomic evaluation of health technologies• Disease burden estimates• Other health economics modeling and forecasting

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  AIM Carbon

  Jan 2024 - now

  Head of Carbon Investments Department

  • Lead the investment in a clean cookstove project, contributing to reduced carbon emissions and improved air quality in local communities.• Ensure rigorous due diligence and monitoring of carbon projects to maintain high-quality and verifiable emission reductions.• Identify, evaluate, and facilitate the financing of high-impact carbon offset projects, ensuring alignment with sustainability and ESG goals.