Current

Procurement Manager

Current$145K — $180K *
Business Services
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • 5+ years of experience in strategic sourcing, procurement, or vendor management, preferably in a high-growth technology environment.
  • Bachelor's degree in Procurement, Supply Chain Management, Business Administration, Commerce, Economics, or related field.
  • Strong understanding of procurement and negotiation techniques.
  • Excellent communication skills to convey project status and risks.
  • Proficient in project management to facilitate timelines and deliverables.

Responsibilities

  • Collaborate with internal stakeholders to negotiate contracts with vendors and suppliers.
  • Design and implement an effective procurement process and tools.
  • Review existing contracts and create standard vendor contract guidelines.
  • Oversee vendor life-cycle strategy, including planning, sourcing, and managing performance.
  • Assist in onboarding new vendors through a structured approval process.
  • Cultivate partnerships with internal stakeholders to understand and meet their requirements.

Benefits

  • Meaningful equity in the form of stock options.
  • 401(k) plan with competitive match.
  • Discretionary performance bonus program.
  • Comprehensive medical, dental, and vision coverage at no cost for employees and dependents.
  • Flexible time off alongside paid holidays.
  • Generous parental leave policy for new families.
  • Commuter benefits to ease travel costs.
  • Fitness benefits to support employee wellness.
  • Employee Assistance Programs focusing on mental health resources.
  • Access to mental health apps for ongoing support.
  • A vibrant NYC office environment with modern amenities and catered lunches.
Full Job Description
PROCUREMENT MANAGER

We are hiring a Procurement Manager on our finance team. As our expert in procurement, you will help Current design and implement a robust procurement process. This manager collaborates across teams, acts as a trusted partner to business owners, and cultivates a culture of accountability and governance.

RESPONSIBILITIES
  • Proactively collaborate with internal business partners and stakeholders to facilitate contract negotiations with external vendors and suppliers; develop negotiation approaches, fallback positions and acceptable terms and conditions through contract completion and identify key benchmarks to measure contractual arrangements with focus on financial cost efficiencies, understanding of key drivers of spend and areas of risks.
  • Design and implement a procurement process & tools with appropriate cross functional stakeholder review.
  • Review existing contracts and understand business requirements; formulate guidelines and design and implement standard vendor contract protocols.
  • Establish vendor life-cycle strategy to oversee planning, sourcing and selection of new vendors, manage data for vendor performance and manage vendor off-boarding and transition.
  • Assist business partners in onboarding new vendors, products or services through the cross functional third-party on-boarding flow (e.g., Finance approval, IT approval, legal Approval, etc.).
  • Establish and maintain effective partnerships with key internal stakeholders aimed at identifying, understanding and fulfilling their requirements.

ABOUT YOU
  • Proactively work to resolve performance or diligence issues with vendors to ensure effective and timely resolution.
  • Support other ad hoc projects as needed.
  • 5+ years of experience in strategic sourcing, procurement or vendor management preferably in a high growth technology environment.
  • Strong communication and project management skills to demonstrate project status, key actions, risks and opportunities.
  • Bachelor's degree preferably in Procurement, Supply Chain Management, Business Administration, Commerce, Economics or related field.
  • Strong understanding of procurement and negotiation techniques.

This role has a base salary range of $145,000 - $180,000. Compensation is determined based on experience, skill level, and qualifications, which are assessed during the interview process. Current offers a competitive total rewards package which includes base salary, equity, and comprehensive benefits.

BENEFITS
  • Competitive salary
  • Meaningful equity in the form of stock options
  • 401(k) plan
  • Discretionary performance bonus program
  • Biannual performance reviews
  • Medical, Dental and Vision premiums covered at 100% for you and your dependents
  • Flexible time off and paid holidays
  • Generous parental leave policy
  • Commuter benefits
  • Fitness benefits
  • Healthcare and Dependent care FSA benefit
  • Employee Assistance Programs focused on mental health
  • Healthcare advocacy program for all employees
  • Access to mental health apps
  • Team building activities
  • Our modern NYC office with open floor plan, stocked kitchen, and catered lunches

About Current

Current is a financial technology company that provides mobile banking services. The company's platform offers checking accounts, debit cards, and money management tools, as well as rewards and cashback programs. Current's services are available to individuals and families. The company was founded in 2015 and is headquartered in New York, New York.
Learn more about Current
Size
200 employees
Industry
Net Income
-$10 million
Founded
2015
5 Year Trend
+250%
Revenue
$50 million

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