STEVEN TREACY
Lake Worth,FL
Summary
Finance Executive with 30+ years of experience leading Financial Planning & Analysis (FP&A), budgeting, forecasting, procurement, operational finance, and strategic business initiatives. Proven success managing multi-billion-dollar budgets, leading cross-functional teams, negotiating complex supplier contracts, and driving operational efficiencies. Recognized for partnering with executive leadership to improve financial performance, streamline business processes, and support strategic growth initiatives. Experienced in post-merger integrations, financial systems implementation, and executive-level decision support.
Overview
2025
2025
years of professional experience
Work History
Associate Director, Financial Operations
Verizon
01.2022 - 01.2025
- Led Purchasing, Supplier Management, and Subscriber Services Financial Operations.
- Served as primary finance liaison for integration of TracFone purchasing and supplier management into Verizon financial systems.
- Managed financial accounting and controls for approximately $5B in annual customer revenue from credit cards and alternative payment channels.
- Directed testing and financial validation of new product launches and pricing changes to ensure accurate revenue recognition.
Senior Director, Corporate Procurement
TracFone Wireless Inc.
01.2019 - 01.2021
- Executive leader responsible for enterprise-wide procurement strategy, supplier management, and sourcing initiatives supporting a national wireless organization.
- Oversaw strategic vendor partnerships, high-value negotiations, and procurement operations while driving cost optimization, supply continuity, and operational efficiency.
- Directed corporate procurement activities across goods and services, with primary accountability for high-spend categories, strategic sourcing, and critical business components.
- Led multi-million-dollar supplier negotiations in partnership with Supply Chain, IT, Finance, and business stakeholders to achieve cost savings, service improvements, and delivery objectives.
- Managed Procurement, Supplier Management, and Marketing Performance teams, providing strategic direction and operational oversight.
- Developed and implemented supplier management strategies to strengthen vendor performance, mitigate risk, and ensure business continuity.
- Analyzed contract structures, pricing models, and supplier agreements to identify savings opportunities and maximize enterprise value.
- Partnered with key suppliers throughout the COVID-19 pandemic to maintain supply chain stability and minimize operational disruption.
Director, Budget Management
TracFone Wireless Inc.
01.2015 - 01.2019
- Senior finance leader responsible for enterprise budgeting, forecasting, financial planning, and performance management for the nation’s largest prepaid wireless provider, generating more than $7 billion in annual service revenue.
- Partnered with executive leadership to align financial strategy with corporate objectives established by parent company América Móvil.
- Led the annual budgeting and forecasting process, overseeing corporate operating expenses, acquisition costs, and strategic investment planning.
- Managed key areas of the company’s P&L, including $500M+ in Discretionary Sales & Marketing expenses, $450M+ in General & Administrative expenses, and approximately $50M in Capital expenditures.
- Provided executive-level financial analysis and recommendations to support strategic decision-making, cost optimization, and resource allocation.
- Directed capital planning activities in partnership with PMO, IT, and Fixed Asset teams to ensure alignment with corporate investment priorities.
- Supervised and developed financial analysts responsible for operating expense and capital budget management.
- Prepared monthly financial reporting packages highlighting budget variances, key business drivers, and corrective action opportunities.
- Partnered with Accounting leadership during month-end close activities, including financial review, journal entry validation, and general ledger accuracy.
- Supported contract negotiations and investment reviews through detailed financial modeling and cost-benefit analysis.
Senior Budget Manager
Tracfone Wireless Inc.
01.2010 - 01.2014
- Provided financial leadership for company-wide budgeting, forecasting, and cost management initiatives across multiple business functions.
- Expanded financial planning responsibilities across the organization, supporting comprehensive P&L budgeting and forecasting activities.
- Partnered with the Vice President of Finance to implement Hyperion Essbase/Planning, improving forecasting capabilities and financial reporting accuracy.
- Served as Finance Administrator for Hyperion, managing account hierarchies, data integrations, reporting structures, and system maintenance.
- Negotiated and implemented cost reduction initiatives resulting in more than $1.5M in annual savings for data center services.
- Delivered financial insights and recommendations to improve operational efficiency and strengthen expense management.
Budget Manager
Tracfone Wireless Inc.
01.2005 - 01.2009
- Managed corporate budgeting, forecasting, and financial analysis activities supporting enterprise operations, technology investments, and marketing initiatives.
- Directed budgeting and forecasting for Corporate G&A, Sales & Marketing programs, promotional investments, and capital expenditures.
- Managed capital budget reporting by project, ensuring investment visibility, accountability, and alignment with business priorities.
- Partnered with IT leadership to evaluate technology spending, consulting costs, and hardware/software support requirements.
- Identified and implemented cost optimization strategies resulting in more than $1M in annual savings through improved technology support models.
Budget Administrator
Boston Public Health Commission
1998 - 01.2005
- Managed financial planning, budgeting, forecasting, and reporting for a $100M+ operating budget consisting of more than 200 cost centers supported by municipal funding, state and federal grants, contracts, foundation awards, and departmental revenue.
- Directed the annual budgeting and quarterly forecasting processes in accordance with City of Boston financial management guidelines.
- Provided financial leadership and oversight to department managers, ensuring accurate forecasting, responsible spending, and alignment with organizational objectives.
- Supervised six fiscal managers responsible for developing departmental budgets and maintaining financial accountability.
- Prepared executive-level financial reports and analysis for Finance leadership and City stakeholders.
- Developed monthly reporting packages identifying spending trends, budget variances, and opportunities for improved financial performance.
Accounts Payable Supervisor
Boston Medical Center
01.1995 - 01.1998
- Managed Accounts Payable operations for a major healthcare institution, overseeing high-volume invoice processing, vendor relationships, and financial controls.
Education
Bachelor of Business Administration -
University of Massachusetts, Amherst
05-1990
Skills
- Oracle Financials
- SAP
- Hyperion Essbase/Planning
- Microsoft Excel
- Microsoft Office Suite
- Noetix
CORE COMPETENCIES
- FP&A
- Budgeting & Forecasting
- Executive Financial Leadership
- Strategic Planning
- Procurement
- Supplier Management
- Cost Reduction
- Contract Negotiation
- Capital Planning
- Operational Finance
- Business Process Improvement
- Team Leadership
- M&A Integration
- Hyperion
- Oracle Financials
- SAP
CAREER HIGHLIGHTS
- 30+ years of finance leadership across Fortune 500 and healthcare organizations.
- Managed financial operations supporting over $7B in annual revenue.
- Directed budgets exceeding $1B in operating expenses and capital investments.
- Negotiated multi-million-dollar supplier savings and procurement initiatives.
- Led key financial integration activities during Verizon’s acquisition of TracFone.
Timeline
Associate Director, Financial Operations
Verizon
01.2022 - 01.2025
Senior Director, Corporate Procurement
TracFone Wireless Inc.
01.2019 - 01.2021
Director, Budget Management
TracFone Wireless Inc.
01.2015 - 01.2019
Senior Budget Manager
Tracfone Wireless Inc.
01.2010 - 01.2014
Budget Manager
Tracfone Wireless Inc.
01.2005 - 01.2009
Accounts Payable Supervisor
Boston Medical Center
01.1995 - 01.1998
Budget Administrator
Boston Public Health Commission
1998 - 01.2005
Bachelor of Business Administration -
University of Massachusetts, Amherst