Raj Raithatha: Associate Manager, Capital Planning in Pasadena, CA
Raj Raithatha
Associate Manager, Capital Planning
Pasadena | United States
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Work experience
LIVE NATION
Associate Manager, Capital Planning | 05/2018 - Current
Responsible for all aspects of the Capital Budget for the Venues division (Owned & Operated Amphitheaters).
Responsibilities:
• Manage the preparation, administration and tracking of the annual capital budget for the division totaling $91MM and consisting of 50+ venues.
• Review, analyze and track national initiatives.
• Coordinate monthly reallocation process which identifies & balances the total capital for the division.
• Produce monthly reforecasts of cash flows for national initiatives.
• Aid project managers with project tracking.
• Conduct training for venues personnel on use of the planning system.
Key Accomplishments:
• Implemented SAP BPC to streamline Capital Budget submissions.
• Developed processes for the implementation of SAP BPC for monthly cash flow reforecasts.
• Created processes to track vendor agreements and their corresponding invoices.
• Played a key role in the implementation of Power Automate/Microsoft Flows to more efficiently process project invoices.
FOX ENTERTAINMENT
Manager of Financial Planning & Analysis - Network Engineering & Operations | 12/2008 - 07/2017
Responsible for all facets of planning, organizing, and executing the Network Engineering & Operations (NE&O) financial planning process.
Responsibilities:
• Effectively managed the preparation and administration of the annual operating budget for the NE&O division totaling $357MM and consisting of 100+ operating and management departments.
• Perform critical review, analysis and consolidation of divisional annual budgets, and quarterly forecasts.
• Assist in drafting the narratives that support the underlying assumptions of the fiscal year budgets.
• Support senior management in the development of long term strategic and financial plans.
• Employee hiring, onboarding, and performance management.
Key Accomplishments:
• Produced zero-based budgets for cable and broadcast television groups which consist of costs from Post Production, Broadcast Operations, Stage Production, Facilities, Engineering, and Digital Media.
• Served as division lead in the successful implementation of COGNOS and TM1 for budgeting and forecasting.
• Reduced union labor costs by 5% by producing Shift Tracking templates in order to gauge efficiencies in labor scheduling.
PARAMOUNT PICTURES
Manager of Finance / Budget Coordinator | 02/2001 - 03/2008
Responsible for the preparation and management of all IT budgets, driving internal improvement projects and initiatives, and providing a broad range of financial and accounting support to the IT division.
Responsibilities:
• Effectively managed the preparation and administration of the annual operating, capital and cash flow budgets (Operating $40MM & Capital $42MM).
• Performed monthly and quarterly close activities.
• Coordinated and provided oversight for all Capital Appropriation requests.
• Audited capital projects to ensure appropriateness of charges.
• Assisted auditors during audit reviews and responded to open audit issues.
• Performed fixed asset analysis on a quarterly basis.
• Applied standard accounting concepts and principles.
• Coordinated purchasing activities.
• Employee hiring, onboarding, and performance management.
• Invoice processing.
PARAMOUNT PICTURES
Sr. Financial Analyst | 07/1997 - 01/2001
Member of management team that was responsible for the consolidation and reporting of the company-wide overhead budgets and estimates. Prepared monthly overhead reporting schedules and variance analysis for senior management. Managed the overhead budgets for various corporate departments.
PARAMOUNT PICTURES
Financial Analyst | 07/1995 - 06/1997
Lead analyst responsible for the consolidation and reporting of Paramount Stations capital expenditures and cash flows.
PARAMOUNT PICTURES
Jr Financial Analyst | 07/1993 - 06/1995
Member of corporate financial reporting team responsible for maintaining & reporting various inter-company, suspense, and balance sheet accounts.
PARAMOUNT PICTURES
Financial Analyst Intern/Temp | 11/1991 - 06/1993
Assisted senior management with the consolidation and preparation of a monthly overhead summary report.