Raffi Odabashian

  • Dumont NJ
Raffi Odabashian

Summary

Selected Achievements:

  • Spearheaded implementation of technology that improved tracking reducing operating expenses 20%.
  • Strategically restructured financial reporting processes in accordance with organizational changes.
  • Manage and control over $100 million dollar of Capital Budget for upgrading our Bridges and Tunnels technology infrastructure for our ITS (Intelligent Transportation System) Division in conjunction with other MTA Agencies.
  • Prepare and manage $10 million Financial Plan for the department that includes several detailed reports such as OTPS (Other Than Personnel Services) Budget, Department Position Schedule, Overtime Budget, Capitalized Asset Budget, and Goals for the department.
  • Prepare reports of actual expenditures ensuring conformity with the audited financial statement. Periodically review Agency’s operating and capital budget data and develop models for projecting future budgets.
  • Prepare a detailed Financial Report to our parent agency MTA (Metropolitan Transit Authority), which includes calculating our planned vs. actual expenditures for the fiscal year and compile new initiatives and forecast for the coming year.
  • Save more than $40,000 in annual expenses through identification of inaccurate and unnecessary vendor payments.
  • Provide direction to Agency management personnel to assist them in understanding financial reports and data, controlling costs, and fulfilling budgetary requirements.
  • Member of a board that establishes procedures for annual budget process including training directors and managers in “how to” prepare their budget and in-depth analysis of actual to budget variances.
  • Analyze and interpret financial data and prepare financial reports, statements, and projections. Research and verify budgetary expenditures for compliance with approved budget and guidelines.
  • Develop a reduction program to reduce overall budget to meet MTA’s requirements during budget constrains.

Work History

Work History
Oct 2004 - Mar 2008

Senior Budget/Contract Analyst

TRIBOROUGH BRIDGES AND TUNNELS AUTHORITY

Directed financial management functions including development of monthly/quarterly financial statements, financial forecasts, and budgets. Oversee general accounting functions, including AR/AP, and account reconciliation,. Administer all financial management systems, evaluating and integrating new applications. Develop highly skilled accounting and financial management team to achieve established objectives. Interact with the Board of Directors and President concerning financial forecasts and reports.

Jun 1995 - Oct 2004

Budget Analyt

HRA/ORI - OFFICE OF REVENUE AND INVESTIGATION

Under limited supervision, I provided overview, coordination, and assistance in the development, implementation, and management of the agency budget by applying fundamental budgetary concepts, practices, and procedures.Participated in the agency’s financial planning and debt financing. Closed and prepared monthly financial statements and audit reports. Performed monthly account reconciliations and monitored general ledger transactions. Worked in collaboration with controller to ensure accuracy and integrity of financial information in support of overall business objectives.