Jelena Lutovac (maiden name Vitomir) was born on May 25, 1981, in Sarajevo, Bosnia and Herzegovina.

Education:
She graduated in 2007 from the Faculty of Foreign Trade, University of East Sarajevo, with the thesis "Equity Capital."
In 2012, she obtained her Master's degree with a thesis titled “Strategic Management of Bank Capital and Growth in Value,” with an average grade of 9.27, from the Faculty of Business Economics, University of East Sarajevo.
She defended her doctoral dissertation titled "Strategic Management of Corporate Performance in Relation to Bank Capital in the Countries of the Western Balkans" in 2016, with an average grade of 9.38 and a grade of 10 for the defense, at the Faculty of Economics in Subotica, University of Novi Sad.

She completed her internship after finishing her undergraduate studies at the Institute for Social and Economic Studies in Bijeljina. As a Master of Economic Sciences, she worked in several financial institutions of the Republic of Srpska in Bijeljina: the Pension and Disability Insurance Fund of the Republic of Srpska (Finance Department), the Ministry of Finance of the Republic of Srpska – Tax Administration, from 2008 to 2013.

Since 2013, she has been employed at the Educational Center of the Faculty of Economics in Subotica. She was appointed Assistant Professor in the field of Finance and Banking in 2014, teaching courses such as Banking, Corporate Banking, Investment Banking, Mortgage Banking, Strategic Bank Management, Marketing in Banking, Financial Markets, and Stock Markets at undergraduate and master's level at the Faculty of Economics in Subotica, as well as its departments in Novi Sad and Bujanovac.

She is the author and co-author of more than 100 scientific and professional papers published in journals or presented at conferences both domestically and internationally (over 15 papers indexed in SCOPUS and WOS in the M20 category), as well as 6 monographs: “Currency Systems and Institutions: From the Gold Standard to the Digital Platform” (2025), “Strategic Management of Bank Capital” (2024), “The New Global Financial Order – The End of Neoliberal Global Policy” (2023), “The Shortest Path to Financial Markets and Corporate Profit” (2022), “Financial Market Management” (2021), and “Corporate Finance” (2019).

Dr. Jelena Lutovac has more than ten years of academic experience in working with students, both in teaching and scientific research. She has been a mentor and a member of the examination committee for several doctoral dissertations, master's, and bachelor's theses.

She is a member of several international projects and has been engaged as an individual consultant both domestically and internationally. She is also a member of the editorial board and a reviewer for several international and domestic scientific journals in the fields of finance, banking, and related areas.

At the beginning of 2024, she attained the scientific title of Research Associate in the field of Social Sciences – Economics, Ministry of Science, Technological Development, and Innovation, Scientific Committee for Law, Economics, and Political Sciences, Belgrade.

She has been employed at Megatrend University since 2019, where she taught finance and banking courses at undergraduate, master's, and doctoral levels. She was appointed acting Dean of the Faculty of Business Studies and also served as Vice-Rector for Teaching.

Selected Published Papers in Scientific Journals and Conferences:

• Jelena Lutovac, Sonja Tomas, Slobodan Popović (2025), “Obtaining loans for energy efficiency depending on the influence of analyzed factors on the decision-making of citizens and small businesses in the Republic of Serbia,” Faculty of Business Economics and Entrepreneurship, International Review (2025 No.1-2), (pp.173-181), Belgrade. DOI: 10.5937/intrev2501173L, UDC: 620.9:336.71 336.71, COBISS.SR-ID 172845321.

• Jelena Lutovac, Mirjana Orašanin, Željko Jokić, (2025), “The Development of Trade from Barter to Digital Platforms,” LIMESplus, Heraedu, 1/2025, ISBN 1820-0869.

• Jelena Lutovac (2024), “Macroeconomic influences on financial stability in the context of banks association: An example of the functioning of the National Bank of Serbia.” Vol.8. Iss.1. (Mar. 2024) 1-8 https://doi.org/10.52576/, TEMEL – ij.

• Jelena Lutovac, Mirjana Orašanin, Vanja Ćosić, (2024), “Rubin Sharma, Ken Honda, Bil Perkins on Money – New Understandings at the Start of the 21st Century,” LIMESplus, Heraedu, 1/2024, ISBN 1820-0869.

• Jelena Lutovac (2024). “Financial management as a development factor of the banking system: An example of the Republic of Serbia,” Zbornik radova Konferencije, Vol. 10/2024, University of East Sarajevo, Faculty of Economics Brčko.

• Jelena Lutovac (2024), “Monetary and credit policy and its impact on the economy: The example of the Republic of Serbia,” 1st International Ayasofya Scientific Researches and Innovation Congress, 16-17 November 2024, Istanbul, Turkey.

• Jelena Lutovac, Aleksandar Đokić, Nebojša Borojević, (2024). “The influence of factors on the costs of different types of loans in business of agricultural farms and medium-sized agricultural enterprises,” doi:10.59267/ekoPolj2401311L UDC 336.77:338.43]:631.1.017. Economics of Agriculture, Year 71, No. 1, 2024, (pp. 311-324), Belgrade.

• Milan Radovic, Jelena Vitomir, Slobodan Popovic, Aleksandar Stojanovic (2023). “The Importance of Establishing Financial Valuation of Fixed Assets in Public Companies Whose Founders Are Local Self-Government Units in the Republic of Serbia,” Inzinerine Ekonomika-Engineering Economics, 34(3), (pp.246–257).

• Jelena Vitomir, Sonja Tomas-Miskin & Slobodan Popović (2023), “The Importance of the Application of Controlling in the Management of Public Enterprises Whose Founders Are Local Self-government Units: The Example of Republic of Serbia,” Lex localis - Journal of Local Self-Government, Vol. 21, No. 3, (pp. 545-565), July 2023.

• Vladimir Živanović, Jelena Vitomir, Bojan Đorđević (2022), “Portfolio Diversification During the COVID-19 Outbreak: Is Gold a Hedge and a Safe-Haven Asset?” https://doi.org/10.18267/j.pep.802, in Prague Economic Papers, April 2022.

• Jelena Vitomir, Milan Radović, Slobodan Popović (2021). “The Effect of Public Finance Control on the Improvement of Work of Internal Auditors in Enterprises Founded by the Local Self-government Units: The Example of the Republic of Serbia,” Lex localis - Journal of Local Self-Government, Volume 19, Issue 3, (pp. 245-261).

• Milan Radović, Jelena Vitomir, Slobodan Popović (2021). “Impact of Internal Control in Enterprises Founded by Local Self-government Units: The Case of Republic of Serbia,” Inzinerine Ekonomika - Engineering Economics, Vol. 32(1), (pp.82-90).

• Jelena Vitomir, Djordje Lazić (2021). “Orthodox Currency Board and Currency Boards of the Second Generation: Operational Aspects,” Vol.31, No.53, pp.205-231, YU ISSN 0353-9008 ISSN (Online) 2683-5797, Institute for Serbian Culture, Heritage.

• Jelena Vitomir, Sonja Tomaš-Miskin, Mladen Ivić, Slobodan Popović (2020). “Implementation of the Tender by the Municipal Service Administration from the Aspect of Management in the Municipalities of the Republic of Serbia,” Lex localis - Journal of Local Self-Government, Vol 18 No. 3, (pp. 469-486), Maribor – Slovenia. https://doi.org/10.4335/18.3.469-486(2020).

• Jelena Vitomir, Djordje Lazić (2021). “External and Internal Macroeconomic Shocks in the Case of Small Economies with Currency Boards,” Megatrend Review, Vol. 18, No. 2, 2021: 31-62. DOI: 10.5937/MegRev2102039V.

• Milan Radović, Jelena Vitomir, Slobodan Popović (2019). “The Importance of Implementation of Internal Audit in Enterprises Founded by the Republic of Serbia Local Self-government Units,” Lex localis - Journal of Local Self-Government, Volume 17, Issue 4, (pp. 1001-1011).

• Vera Zelemović, Jelena Vitomir, Milan Radović (2017), “Serqual Model in the Function of Improving the Quality of Banking Business,” Zbornik radova, Ekonbiz2017., Faculty of Business Economics Bijeljina, University of East Sarajevo, ISBN: 978-99955-45-25-3, UDK: 336.71:005.6.

• Vera Zelenović, Jelena Vitomir, Milan Radović (2016), “Analysis of NPL in the Republic of Serbia and Selected Countries of South-Western Balkans,” Journal of US-China Public Administration, July 2016, Vol. 13, No. 7, (pp.442-454), doi: 10.17265/1548-6591/2016.07.002.

• Milan Radović, Jelena Vitomir, Milan Radaković (2013), “ALM Concept in the Function of Aggregates and Bank Resources,” published in the Annals of the Faculty of Economics in Subotica, Vol. 49, No. 29/2013, pp. 255-272.

• Milan Radović, Jelena Vitomir (2012), “ALM Concept in the Function of Credit Risk Management in Banks,” published in the Annals of the Faculty of Economics in Subotica, Vol. 48, No. 27/2012, pp. 135-149.