Who We Are
Cross River is a highly profitable, fast-growing financial technology company powering the future of financial services. Our comprehensive suite of innovative and scalable embedded payments, cards, and lending products deliver financial services for millions of businesses and consumers around the globe. Cross River is backed by leading investors and serves the world’s most essential fintech and technology companies. Together with its partners, Cross River is reshaping global finance and financial inclusion.
We are on a mission to build the infrastructure that propels access, inclusion, and the democratization of financial services. While our company has tripled in size over the last three years, our strong sense of purpose led Cross River to be named to American Banker’s list of Best Places to Work in Fintech for the last 6 years. The reason for this success is simple – our nimble and collaborative family culture lives in every member of our growing team. Together we are at the forefront of technology and innovation, and we invite passionate, collaborative, and motivated high performers to join our expanding team.
What We're Looking For
Cross River’s Procurement team is looking to bring on an AVP to support and develop the enterprise-wise Procurement function. They will report to the head of the group who reports to the CFO. They will work closely with the different stakeholders of the procurement process and business units across the enterprise, supporting both the tactical and strategic aspects of the procurement function build out. Successful performance will allow CRB to exceed savings targets and allow the candidate to grow within the organization.
Responsibilities:
- Support Cross River’s strategic sourcing activities to develop procurement function within the enterprise and expand further expense discipline
- Manage T&E and non-T&E reimbursement requests, and ensure accurate and timely T&E budget allocation and tracking
- Lead expense savings activities within several procurement categories (e.g. IT spend) to reach expense discipline goals and improve management of NIE budget spend
- Support day-to-day procurement requisitions review and approval process
- Collaborate and strengthen relationships with various stakeholders within Finance and across the enterprise to ensure a smooth and compliant review/approval/processing of sourcing requisitions and to increase socialization of procurement flows and PO creation
- Manage contract negotiations with subset of vendors with goal to maximize enterprise savings, rationalize costs and optimize vendor agreement terms
- Grow the procurement function by establishing best practices and market standards strategies and processes
- Monitor and implement proper controls around procurement governance process
Requirements:
- Bachelor’s degree in finance, economics, accounting, or any related field
- 5+ years relevant work experience with a public financial services firm, preferably in a procurement/sourcing function, IT procurement experience preferred
- Ability to build financial models in Excel
- Ability to create Procurement strategies in PowerPoint and communicate them with a broad cross-functional audience
- Strong analytical thinker who uses data to drive decision making
- Ability to explain complex concepts in simple terms to various levels across the enterprise
- Team player, “can do” and client-focused attitude, with executive presence
#LI-TP1 #LI-Hybrid #LI-Onsite
Salary Range: $130,000.00 - $150,000.00
Cross River is an Equal Opportunity Employer. Cross River does not discriminate on the basis of race, religion, color, sex, gender identity, sexual orientation, age, non-disqualifying physical or mental disability, national origin, veteran status or any other basis covered by appropriate law. All employment is decided on the basis of qualifications, merit, and business need.
By submitting your application, you give Cross River permission to email, call, or text you using the contact details provided. We will only contact you with job related information.
Top Skills
What We Do
Cross River provides technology infrastructure powering the future of financial services. Leveraging a proprietary real-time banking core, Cross River delivers innovative and scalable embedded payments, cards, lending, and crypto solutions to millions of consumers and businesses. Cross River is backed by leading investors and serves the world’s most essential fintech and technology companies. Together with its partners, Cross River is reshaping global finance and financial inclusion. Member FDIC.
