PROCUREMENT MANAGER
Current is a leading consumer fintech platform transforming financial access for everyday Americans with over 6 million members. We provide access to financial solutions that seamlessly work together to solve the needs of our members and enable all Americans to build better financial futures. Based in NYC, our results-driven environment drives us to build better products, grow faster and empower everyone on our team to have an impact on our business and mission to improve financial outcomes.
ABOUT THE ROLE
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
Skills Required
- 5+ years of experience in strategic sourcing, procurement, or vendor management
- Experience with contract negotiations and managing vendor lifecycle (selection, performance tracking, off-boarding)
- Strong communication and project management skills to report status, risks, and actions
- Strong understanding of procurement and negotiation techniques
- Ability to design and implement procurement processes, tools, and standard vendor contract protocols
- Bachelor's degree in Procurement, Supply Chain Management, Business Administration, Commerce, Economics or related field
- Experience in a high-growth technology/fintech environment
- Experience collaborating with cross-functional teams (Finance, IT, Legal) for third-party onboarding
What the Team is Saying
What We Do
Current is a U.S. based consumer fintech and payments platform with over four million members and a mission to improve financial outcomes. It provides mobile banking services that give its members access to opportunities to improve their financial lives, such as paychecks up to two days early, up to 4% APY, fee-free overdraft, money management tools and insights, fee-free ATMs, no fee crypto trading, a cash back rewards system and family banking.
Why Work With Us
We turn ideas into reality. We're leaders beyond our titles and experience. Focused on our rapid growth, we're a social team with diverse backgrounds and perspectives that celebrates our successes together. At Current, we all make an impact. Above all, we’re committed to our mission and dedicated to being a part of building something great.
Gallery
Current Offices
Hybrid Workspace
Employees engage in a combination of remote and on-site work.
