Senior Manager, Sourcing & Procurement

This is a fully remote position, open to applicants in California.

📋 Description

• Spearhead Acorns' comprehensive sourcing and purchasing strategy for all third-party expenditures.

• Take ownership of and improve the third-party management program, which includes planning, intake, evaluation, contracting, and lifecycle management.

• Assess and redesign policies, processes, and procedures while establishing accountability at each phase.

• Collaborate with Enterprise IT, Engineering, InfoSec, Legal, Compliance, Finance, Marketing, Product, and Operations teams.

• Lead commercial negotiations, contract structuring, and renewals for indirect and strategic spending.

• Develop and implement category strategies across technology, marketing, product, operations, professional services, and corporate functions.

• Manage company-wide intake and procurement workflows along with supporting automation initiatives.

• Drive spend segmentation, RFPs, market analysis, vendor consolidation, and multi-year category planning.

• Advance the risk-tiered sourcing framework to satisfy SEC, FINRA, and banking partner expectations.

• Inventory, audit, and evaluate strategic suppliers against commercial, operational, security, and regulatory standards.

• Improve spend analytics, benchmarking, and executive reporting processes.

• Identify cost-saving opportunities and forecast procurement requirements.

• Directly oversee, mentor, and develop one team member.

• Offer coaching, performance feedback, and guidance to facilitate professional growth and the successful execution of sourcing priorities.

⛳️ Requirements

• Over 10 years of progressive experience in strategic sourcing, enterprise procurement, or vendor management within dynamic technology or financial services sectors.

• Proven ability to negotiate complex, multi-year enterprise SaaS software agreements, marketing and agency contracts, professional services agreements, and strategic third-party vendor partnerships.

• Practical experience in developing category strategies, managing structured RFPs, consolidating vendor bases, and implementing multi-year spending plans.

• Outstanding communication, negotiation, and stakeholder management skills with a collaborative, customer-focused approach.

• Proficient in spend management and procurement intake tools, including Zip and Brex.

• Experience in executing cross-functional third-party risk management (TPRM) frameworks.

• Familiarity with technical concepts such as architecture, integration, security, SLAs, uptime, and incident response.

• Strong financial acumen with a proven track record of driving measurable cost savings, total cost of ownership reductions, and risk mitigation.

• Bachelor’s degree in Business, Supply Chain, Finance, or a related field, or equivalent practical experience.

• At least 2 years of experience in people management.

• Demonstrated ability to motivate, support, and develop team members.

• Capability to align the company's vision and organizational goals with team execution.

• Commitment to adhering to policies and procedures in line with company standards.

• Ability to take charge of strategic decision-making and effectively communicate direction to team members.

• Passion for delivering transformative products.

• Exceptional drive and attention to detail in project delivery.

• A belief that work is connected to life's mission.

• Optimism regarding the potential for societal change.

• Must fulfill U.S. work authorization requirements; Acorns participates in E-Verify.

🏝️ Benefits

• Competitive salary.

• Stock options.

• Comprehensive benefits package for you and your family.

• Flexible work location and hours.

• Paid time off.

• 401(k) matching.

• Monthly Acorns account contribution.

• GoHenry account for your family.

• Resources for mindfulness and financial wellness.

• Access to Headspace.

• Addition Wealth.

• Acorns Career Development Program.

• Ongoing training sessions.

• Development plans and regular development check-ins.

• Cornerstone’s online training platform.

• Roots Leadership Program for Emerging Leaders.

• Community week onsite gatherings.

• Various virtual events.

• Optional access to office space in Irvine, CA.

• Equity grants.

• Discretionary cash bonus awards.

• Medical benefits.

• Financial benefits.

• Vacation, sick time, and parental leave.