5+ years of experience in strategic sourcing, procurement, or vendor management, ideally in a high-growth tech environment.
Bachelor's degree in Procurement, Supply Chain Management, Business Administration, Commerce, Economics, or a related field.
Strong understanding of procurement and negotiation techniques.
Excellent communication skills for project management and stakeholder engagement.
Proven ability to resolve vendor performance issues proactively.
Responsibilities
Collaborate with internal teams to negotiate contracts with vendors and suppliers, focusing on cost efficiencies and risk management.
Design and implement a comprehensive procurement process and tools with stakeholder input.
Review and standardize existing vendor contracts based on business needs.
Establish a vendor life-cycle strategy for planning, sourcing, and managing vendor performance.
Assist in onboarding new vendors through a structured approval process involving multiple departments.
Build and maintain effective partnerships with key internal stakeholders to meet their procurement needs.
Benefits
Competitive salary
Meaningful equity in the form of stock options
401(k) plan
Discretionary performance bonus program
Biannual performance reviews
100% coverage of medical, dental, and vision premiums for employees and 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
Modern NYC office with open floor plan, stocked kitchen, 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.
