Head of Procurement at Opendoor

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About Opendoor:  
Founded in 2014, Opendoor’s mission is to empower everyone with the freedom to move. We believe the traditional real estate process is broken and our goal is simple: build a digital, end-to-end customer experience that makes buying and selling a home simple, certain and fast. We have assembled a dedicated team with diverse backgrounds to support more than 100,000 homes bought and sold with us and the customers who have selected Opendoor as a trusted partner in handling one of their largest financial transactions. But the work is far from over as we continue to grow in new markets. Transforming the real estate industry takes tenacity and dedication. It takes problem solvers and builders. It takes a tight knit community of teammates doing the best work of their lives, pushing one another to transform a complicated process into a simple one. So where do you fit in? Whether you’re passionate about real estate, people, numbers, words, code, or strategy -- we have a place for you. Real estate is broken. Come help us fix it.

About this role:
Opendoor is looking for a Head of Procurement who will lead, inspire, and grow the company’s strategic partner procurement efforts. The Head of Procurement will work with both corporate and business unit leaders to lead centralized sourcing and procurement efforts with strategic partners. The Head of Procurement will be responsible for all end to end efforts of building and running a best in class procurement function, including, but not limited to: developing sourcing strategies, building a centralized team and function with policies & processes, nation-wide and local supplier identification, sourcing execution (i.e., “tendering”), contract negotiation, purchase execution, supply chain & inventory management, and then ongoing real-time risk management in supplier capabilities and contingency plans.

Responsibilities:

  • Develop a comprehensive organizational procurement strategy
  • Develop, build and scale a centralized best in class procurement operation
  • Effectively engage cross-functional leaders to align priorities, drive business results and understand how procurement can most effectively deliver value across the entire organization
  • Identify and realize cost-saving and cost-reduction opportunities across the organization
  • Hire, manage and develop the skills of our procurement team, including training development and knowledge management capabilities
  • Work closely with strategic finance partners to manage budget for categories under the procurement purview
  • Drive an inclusive culture of ongoing continuous improvement, productivity and innovation that fosters a highly engaged procurement team
  • Support executive management in driving overall procurement strategy, policies, and procedures
  • Provide expertise in scope development to ensure procurement activities define requirements in concise statements of work, service level agreements, frame agreements and contracts
  • Evaluate and monitor the risk profile of the supply base, identify mitigation targets, and implement risk improvement initiatives
  • Proactively manage the expiration and re-procurement of existing contracts in collaboration with internal stakeholders
  • Develop, improve, and utilize technologies, tools, templates, and frameworks to support an industry leading sourcing strategy

Requirements:

  • A bachelor’s degree from an accredited university (MBA preferred)
  • At least 10 years of senior procurement experience or experience in other parts of the business (finance, supply chain, engineering, etc.).
  • Proven ability to build and scale centralized procurement operations
  • Comprehensive understanding of business terms in contracts, demonstrated negotiation, decision-making and conflict resolution skills 
  • Seasoned ability to build credibility/confidence and be seen as a trusted advisor and expert across a wide range of leaders, including internal stakeholders, customers, and vendors
  • Strong interpersonal skills, including an ability to “sell” procurement’s value and to run procurement as a services business like any other well-run professional services business
  • Excellent communication and listening skills and a strong desire to understand company culture 
  • Proactive, entrepreneurial approach to solving problems and developing creative processes
  • Experience leading multiple projects at the same time, working with individuals at different skill levels, and negotiating successfully while maintaining positive relationships
  • Strong business and financial acumen, including advanced problem-solving skills, critical thinking, analytical capability, judgement, and customer focus
  • Working knowledge of finance and/or accounting in terms of budgeting, cost management, financial accounting, treasury, risk management
  • A genuine passion for building teams and leaders within your org, and relationships cross-functionally. 
  • Unquestioned integrity with confidence and executive presence

More About Us:
Want to learn more about us and how we are revolutionizing the home buying and selling process? Learn more about us on our website, check out our profile on The Muse to learn more about our culture from our team members, or read our blog posts to hear about the work we are doing.

We Offer the Following Benefits and Perks:
- Full medical, dental, and vision with optional 85% coverage for dependents
- Flexible vacation policy
- Generous parental leave
- Paid time off to volunteer
Please note that these benefits and perks are available only to Full Time team members and do not apply to contract roles.

Opendoor Values Openness:
Our team celebrates our diverse backgrounds. We believe that being open about who we are and what we do allows us to be better. Individuals seeking employment at Opendoor are considered without regards to race, color, religion, national origin, age, sex, marital status, ancestry, physical or mental disability, veteran status, sexual orientation, gender identity or other protected status under all applicable laws, regulations, and ordinances. For California residents: for more information about the categories of personal information that we collect for recruiting purposes, please see our personnel Privacy Policy.

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Candidate Location Eligibility:
San Francisco, CA

Technology we use

  • Engineering
  • Product
  • Sales & Marketing
    • GolangLanguages
    • JavascriptLanguages
    • PythonLanguages
    • RLanguages
    • RubyLanguages
    • ScalaLanguages
    • ReactLibraries
    • Node.jsFrameworks
    • Ruby on RailsFrameworks
    • SparkFrameworks
    • PostgreSQLDatabases
    • SketchDesign
    • FigmaDesign
    • AsanaManagement
    • JIRAManagement
    • WordpressCMS

An Insider's view of Opendoor

What's the biggest problem your team is solving?

My team works with our sales and support operators. We manage our multiple telephony platforms, including our call center software. Last year, we replaced our old call center vendor solution with a new custom-built telephony platform. Building the unique features each team has been one of our central challenges for much of the past year.

Maggie

Sr. Software Engineer

How has your career grown since starting at the company?

I started at Opendoor as an intern, responsible for small improvements to our home valuation model’s accuracy. Now, I am one of the leaders on our team - I’m responsible for setting team vision, overseeing systems design for other IC’s, and leading P0 initiatives such as a pricing workflow overhaul that we launched after COVID-19.

Daniel

Software Engineer

How do you empower your team to be more creative?

Analytical problem solving requires creativity too. I always encourage my team to consider all the tradeoffs between different options - what if you need to solve the problem in 1 day? How about 6 months? How about unlimited compute resources? We often come up with more creative and better solutions when we intentionally consider all options.

Sherry

Data Science Manager

What are Opendoor Perks + Benefits

Culture
Volunteer in local community
Friends outside of work
Eat lunch together
Intracompany committees
Daily sync
Team owned deliverables
Team based strategic planning
Group brainstorming sessions
Pair programming
Open office floor plan
Diversity
Dedicated Diversity/Inclusion Staff
Unconscious bias training
Diversity Employee Resource Groups
Hiring Practices that Promote Diversity
Health Insurance & Wellness Benefits
Flexible Spending Account (FSA)
Disability Insurance
Dental Benefits
Vision Benefits
Health Insurance Benefits
Life Insurance
Pet Insurance
Wellness Programs
Mental Health Benefits
Retirement & Stock Options Benefits
401(K)
Company Equity
Child Care & Parental Leave Benefits
Generous Parental Leave
Flexible Work Schedule
Family Medical Leave
Adoption Assistance
Vacation & Time Off Benefits
Generous PTO
Paid Volunteer Time
Paid Holidays
Paid Sick Days
Perks & Discounts
Casual Dress
Commuter Benefits
Company Outings
Stocked Kitchen
Some Meals Provided
Happy Hours
Relocation Assistance
Home Office Stipend for Remote Employees
Professional Development Benefits
Lunch and learns

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