Giuseppe Fiumara

About Giuseppe Fiumara

THE SHORT STORY In corporate environments where change is ongoing and teams rely on forward-thinking, steady finance leadership to advance strategy, Giuseppe Fiumara is a standout. Recognized as a strategic thinker and transformative business partner, he draws upon his analytical insights and business acumen to position businesses for positive change, improved P&L results, and operational excellence.Giuseppe was recruited to join Fannie Mae in 2010 as a Finance Manager within the COO organization. He was promoted to Director within seven months with subsequent promotions thereafter. His early advancement was due in part to his work in delivering the first-of-its-kind outsourcing strategy and implementation for the group. He collaborated with world-class strategic partners to deliver on this initiative that was visible at the C-suite level and produced eight-figure savings.The trajectory of Giuseppe’s career began at AOL Inc, now Verizon Media Services, where he rapidly advanced from an Accountant to a Principal Financial Analyst during a time of growth, digital transformation, and integration following the AOL-Time Warner merger. Giuseppe holds a B.S. in finance from George Mason University, in Fairfax, VA. He is also a graduate of the Harvard Business School & MIT Executive Leadership Programs.THE SOUNDBYTES - Serving in an interim Vice President role, led the financial turnaround of a division in <1 year. Created a team culture focused on critical thinking and overall business strategy, eliminating a $70M shortfall on $1.4B in annual spend (~40% of company total) with <1% budget variance- Partnered with senior leaders for 2 years to deliver $175M (22%) annual savings by implementing the largest cost-focused initiative in company history. Drove organizational restructuring and rate negotiations that reduced the hourly cost of high-priced contract labor by +20%. Key role in sustaining this rate since the completion of the initiative- Navigated teams and stakeholders through ongoing change, organic growth, post-merger integration, and leadership transitions and gaps- Consistent annual budget performance variance averaging <1% budget vs. the 3–5% industry average- High retention of high-performing team members in the midst of large-scale transformation- Ranked in the top 10% of 700+ directors companywide.

Experience

1. Senior Director Business Unit Finance

   Fannie Mae

   Jun 2014 — Present · Washington, DC, US

   Recruited to lead FP & A functions for the technology group with billions in annual spend (40% of company total). Promoted by senior leadership into an Interim VP position in 2019. Managed a 25-member team (7 direct reports) responsible for financial planning and analysis, forecasting, budgeting, financial metrics, benefit realization, and financial modeling & business cases- As Interim VP/CFO led the transformation of the team in the midst of a pandemic and organizational uncertainty. Created a culture in which the team felt connected to strategic business objectives. Elevated the transparency of financial insights to business units, becoming part of the strategic conversation. Identified critical issues, uncovered root causes, and encouraged innovation to resolve problems across the business- Collaborated with COO leadership on Simplify – a 2-year organizational excellence and cost program. Identified, implemented, and measured, various cost efficiency projects that generated $265M in run rate savings- Effectively steered teams through leadership shifts and the COVID-19 pandemic, including migration to a work-from-home transition. Executed strategies that strengthened communication and collaboration and reduced costs- Developed the first multi-year planning model incorporating financial and strategic impacts enabling enhanced scenario modeling and early identification of budgetary risks and/or opportunities. This resulted various cost optimization actions, improved budget target setting with Corporate FP & A, and more effective decision-making- Developed the business case, benefit realization framework, and reporting to identify, approve, forecast, track, and sustain various run rate savings for the Digital Transformation initiative (Cloud & Data Center Strategy, Operating Model, and Process Efficiency & Automation projects) expected to yield over 20% annualized savings by 2025.

Education

• MIT Sloan School of Management

  Leadership Development

  2019 — 2020

• Harvard Business School Executive Education

  Executive Leadership Program

  2015 — 2015

• George Mason University – Costello College of Business

  Bachelor of Science, Finance

  1994 — 1999