Target Range:$120,000.00/Yr. - $150,000.00/Yr.
Actual starting pay will vary based on factors including, but not limited to, geographic location, experience, skills, specialty, and education.
Eligible for an Annual Discretionary Cash Bonus Target: 12.5%
Eligible for an Annual Discretionary Restricted Stock Units Bonus Target: 12.5%
These discretionary target bonuses may be awarded semi-annually based upon your achievement of performance goals and targets.
About This JobThe VP, Sr. Manager Procurement oversees the procurement process, develops and implements procurement strategies, manages supplier relationships, and ensures compliance with company policies. They analyze market trends, negotiate contracts, and lead a team of procurement professionals to optimize purchasing efficiency and cost-effectiveness.
Responsibilities:- Develop sourcing strategies in conjunction with key business partners to ensure achievement of business requirements
- Develop key category strategies, including outsourced services and IT/development, in collaboration with stakeholders, to address risk, total cost, supply, etc. Monitor economic drivers, supply market, to assess impact to Axos.
- Liaise with key internal stakeholders to determine their product and service needs; collaborate to ensure clarity of specifications and expectations are anticipated and met.
- Proactively bring cost management opportunities to stakeholders
- Source and engage reliable suppliers and vendors, and initiate business and organization partnerships
- Examine and test existing contracts; renegotiate as required
- Lead contract negotiations planning and execution, in collaboration with internal stakeholders
- Provide counsel to key stakeholders on both key legal and business terms during contract negotiations
- Develop vendor spend database and tracking
- Support an improved source to pay process, including proper review of contracts by all necessary stakeholders, support coordination with Purchase Order creation
- Oversee preparation of regular management reports and spend analysis (e.g., total vendors, vendor changes, new vendors, top vendors, Open Purchase Orders, highest vendors, contract compliance, etc.) and develops/reports on key performance indicators to measure performance and internal/external customer satisfaction levels. Track and report key functional and contractual metrics to reduce expenses and improve effectiveness
- Control spend and build a culture of long-term savings on total cost of ownership
- Ensure contracts terms meet regulatory guidance and requirementsEnsure vendors and contracts are properly reviewed with Risk, Legal, and other stakeholders for proper due diligence
Qualifications:- Bachelors' degree in supply chain management, logistics, business administration, or relevant degree; MBA preferred
- 7+ years of procurement or related role
- Deep experience working in procurement consulting, finance shared services, and outsourcing environment including procurement with thorough understanding of accounting controls in a Sarbanes Oxley environment, and managing or oversight of multi-entity and multi-state processes, including managing external service providers and vendors
- Experience with managing RFI/RFP process for large complex categories of spend
- Experience with implementation and operational management of requisition to PO process
- Demonstrated problem solving skills with a detail-oriented mindset and able to work with complex business challenges
- Excellent analytical abilities and ability to apply mathematical concepts such as statistical data, fractions, percentages, ratios, and proportions to practical situations
- Collecting and analyzing data
- Talent in negotiations and networking
- Good leadership capabilities
- Proficient in Excel
- Banking industry preferred
- Experience with online sourcing / procurement tools is a plus
Axos Employee Benefits May Include:- Medical, Dental, Vision, and Life Insurance
- Paid Sick Leave, 3 weeks' Vacation, and Holidays (about 11 a year)
- HSA or FSA account and other voluntary benefits
- 401(k) Retirement Saving Plan with Employer Match Program and 529 Savings Plan
- Employee Mortgage Loan Program and free access to an Axos Bank Account with Self-Directed Trading
Job Functions and Work Environment:While performing the duties of this position, the employee is required to sit for extended periods of time. Manual dexterity and coordination are required while operating standard office equipment such as computer keyboard and mouse, calculator, telephone, copiers, etc.
The work environment characteristics described here are representative of those an employee may encounter while performing the essential functions of this position. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of this position.
