Joseph Malixi
Chino,CA
Summary
Strategic planning, Budget and forecast development, Financial modeling and process improvement, Cash flow forecasting, Accounting Background
Overview
14
14
years of professional experience
Work History
Director of Financial Planning and Analysis
Johnny Was
2023.08 - Current
- Head of corporate finance for Johnny Was
- Finance strategic partner for the CEO, retail, and web operations leaders
- Lead the monthly forecast and budgeting for all lines of business
- Identify opportunities for sales and maximize profitability across the company
- Manage and mentor 2 managers responsible for supporting the inventory management and wholesale finance
- Lead transition of finance reporting from offline schedules to SAP BPC for streamlined reporting
- Present monthly results, budgets, and forecasts to brand leadership and parent company leadership
- Full ownership of the budget process and updated budget planning methodologies for all P&L items
- Partner with operations leadership to manage day to day financial KPIs and drove a 10% savings in labor due to providing insights and reporting
- Strategic finance partner in capital project buildouts/acquisitions and provide strategics recommendations to leadership for all openings, closures, remodels, and relocations
- Project lead for sales system/POS upgrade across the enterprise.
- Reduced operational costs by identifying areas of inefficiency and implementing cost-saving measures.
Manager, Field Finance
Chipotle Mexican Grill
2019.01 - 2023.08
- Primary finance lead for the annual sales budgeting/forecast process for the entire enterprise and co-lead pricing review for the enterprise
- Finance lead for planning, forecasting, and strategy for all controllable expenses outside of labor and COS for the entire enterprise
- Regional CFO for area with over 400 restaurants with revenues of approximately $1 Billion
- Assess the financial risk and opportunities of the region
- Primary cross-functional partner for product and process innovations
- Manage, train, and mentor a team of 2 sr Financial analysts responsible for support for the enterprise labor management system and enterprise inventory system
- Developed the annual sales planning process for all 3200 restaurants and built strategic models to determine sales targets
- Support and lead bi-annual pricing action along with any ad-hoc pricing action and calculate any resistance to pricing action
- Provide financial analytical support to cross-functional partners supporting new initiatives before rolling out to restaurants including wage analysis, new equipment, and limited time offerings
- Coordinating with all levels of Regional Management and Finance in assessing needs for financial information, developing plans, reports, analyses, and tools to meet those needs
- Analyzed regional labor results and created reporting which resulted in savings of $3.5 million in labor
- Identified gaps between forecasted results and targets and making recommendations which ensured the region beat the financial plans for all fiscal years
- Developed reporting and helped shaped throughput strategy which led to entrée/transaction growth
- The region has achieved 50% growth in revenue over 3 years
- Developing financial reporting and led enterprise-wide project of knife sharpening to knife ownership within the enterprise resulting in savings of $3 Million
- Manage and led multiple to projects with direct reports to create optimized inventory processes which created savings of $10 Million.
Director of Finance
Pink Taco Restaurant Group
2018.05 - 2019.01
- Senior member of the management team, responsible for all accounting and finance related activities and strategic decision-making in support of a growing restaurant brand
- Manage all financial reporting of results and communication to the board of directors
- Lead in systems transition for point-of-sale, accounting, and budgeting
- Preparation of forecasting models and modeling in support of restaurant operations in multiple geographic locations and potential new unit development opportunities and communication of results to management and the Board of Directors
- Provide ad hoc analysis regarding emerging trends, issues, opportunities and understanding financial reporting and processes for Board of Directors
- Cash management and forecasting across multiple locations
- Participation in evaluation, development and execution of strategic plans
- Directed a weekly re-forecast of P&L, CAPEX, cash, and cash funding requirements.
Financial Planning and Analysis Manager
Live Nation Entertainment
2010.06 - 2018.05
- Manage the annual budget process and monthly re-forecasting, including sales, variable and fixed costs; annual revenues of approximately $400 million for each of the 30 venues and multiple business units within each venue
- Managed the annual budget and monthly re-forecast and identified opportunities and risks
- Directed the $35 million capital expenditure budget process including budgeting, re-forecasting and capital project management for all projects
- Developed and co-lead the dynamic pricing model for all owned and operated venues
- Managed and developed the annual budget and monthly re-forecast process
- Analyze monthly P&L results, budgets, monthly re-forecast and planning focusing on accuracy and timeliness
- Developed weekly sales reporting for the Special Events division, $83 million revenue annually
- Partner with EVP on pricing, packaging, and procedures
- Provide ad hoc analysis regarding emerging trends, issues, opportunities and understanding financial reporting and processes
- Identify and monitor analysis for venue utilization, customer behavior, marketing optimization, and pricing strategies
- Provide analysis for the marketing team and effectiveness of strategy and marketing channels
- Key member of the team in acquiring new venue and building the process to integrate the venues into the division In the 8 years, 15 venues have been added to the division
- Create and evaluate IRR/NPV models for new business acquisitions.
Education
Bachelor of Science - Business Management
Cal Poly Pomona
12.2004
Skills
- Budget Management
- Forecasting Accuracy
- Cash Flow Management
- Cost Control
- Working capital management
- Business Partnering
- Financial reporting and analysis
- Risk Management
- Financial reporting and analysis
- System Knowledge - SAP, Oracle, Power BI, SQL, Tableau, BPC
- Financial reporting and analysis
Timeline
Director of Financial Planning and Analysis
Johnny Was
2023.08 - Current
Manager, Field Finance
Chipotle Mexican Grill
2019.01 - 2023.08
Director of Finance
Pink Taco Restaurant Group
2018.05 - 2019.01
Financial Planning and Analysis Manager
Live Nation Entertainment
2010.06 - 2018.05
Bachelor of Science - Business Management
Cal Poly Pomona
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