Strategic Sourcing Manager

Greenlight is the leading family fintech company on a mission to help parents raise financially smart kids. We proudly serve more than 6 million parents and kids with our award-winning banking app for families. With Greenlight, parents can automate allowance, manage chores, set flexible spend controls, and invest for their family’s future. Kids and teens learn to earn, save, spend wisely, and invest. 

At Greenlight, we believe every child should have the opportunity to become financially healthy and happy. It’s no small task, and that’s why we leap out of bed every morning to come to work. Because creating a better, brighter future for the next generation depends on it.

We are looking for a Strategic Sourcing Manager to join Greenlight’s growing Procurement team. We are looking for someone who takes ownership and accountability with managing the source to pay lifecycle process from sourcing intake through vendor exit strategies or termination. 

As a part of the Procurement team, you will be a strong advocate and change agent across the organization to drive Procurement and Vendor Management requirements across our key stakeholders. Under the support and guidance of Procurement leadership, you will support the end-to-end Source to Pay process and ensure adherence across organization requirements across Procurement, Vendor Management, Finance, Compliance, InfoSec, and Third-Party Risk Management policies.

Your day-to-day:

• Lead sourcing events across Greenlight entities. Conduct extensive contract reviews and negotiations across designated purchasing categories ensuring Greenlight has secured favorable business terms including cost reduction, process improvements, and can track exceptions (if/when warranted).
• Acts as point of contact for managing Purchase Requests, Purchase Order Changes and other aspects relative to P2P platform workflows.
• Manages the purchasing process including Policy driven sourcing requirements, vendor intake, due diligence and ensuring that all appropriate stakeholders have provided their approvals prior to contract signatures manage sourcing projects and handle business and technical contract negotiations for mid-tier and top-tier vendors.
• Serving as negotiation lead on deal terms including presenting position, counters, and developing fallbacks to produce material savings, improved terms and conditions, and risk reduction.
• Help lead the request for proposal/quote/information (RFX) process and the competitive bid process for vendor selection, where applicable.
• Deliver cost savings through daily work and through driving proactive cost savings initiatives as part of the Sourcing team.
• Act as liaison for Business Unit Stakeholders across Legal, Finance, Security, and Procurement and other Greenlight departments throughout contract negotiation and relationship management process.
• Partners with Legal to maintain contract expiry and review process that allows Greenlight to maximize leverage across negotiations, new/revised business scope, and ensure adherence to appropriate company policies.
• Embrace automation and the use of technology towards an evolving Procurement and Vendor Management function.
• Supports KRI/KPI data aggregation for Procurement and Vendor Management reporting across stakeholders and executive sponsors.

What you’ll bring to the team:

• 4-7 years experience within Procurement, Strategic Sourcing/Vendor Management, Contract Management or equivalent background.
• Demonstrated understanding of Source to Pay and Procure to Pay best practices including but not limited to: Request for Proposal (RFP), purchase request / PO process, standard agreement terms and conditions, contractual pricing considerations, vendor due diligence and risk assessments, vendor performance oversight, risk escalation and mitigation planning.
• Strong experience negotiating contract terms.
• Experience holding vendors accountable to their agreements, including creating action plans if/when not met.
• Ability to identify operational deficiencies and escalate appropriately.
• Ability to operate collaboratively and provide influence as a trusted partner.
• Demonstrated ability to build and lead teams, and partner effectively cross various functions or levels.
• Demonstrated experience with Source to Pay, eSourcing, Procure to Pay, Vendor Management, and Third-Party Risk Management technology platforms.

Work perks at Greenlight:

• Medical, dental, vision, and HSA match 
• Paid life insurance, AD&D, and disability benefits 
• Traditional 401k with company match and Roth IRA
• Unlimited PTO 
• Paid company holidays and pop-up bonus holidays 
• Professional development stipends
• Mental health resources
• 1:1 financial planners
• Fertility healthcare
• 100% paid parental and caregiving leave, plus cleaning service and meals during your leave
• Flexible WFH, both remote and in-office opportunities
• Fully stocked kitchen, catered lunches, and occasional in-office happy hours
• Employee resource groups

Our stance on salaries:

Greenlight provides a competitive compensation package with a market-based approach to pay and will vary depending on your location, experience and skill set. The total compensation package for this position will also include a discretionary performance bonus, equity rewards, medical benefits, 401K match, and more. Greenlight conducts continuous compensation evaluations across departments and geographies to ensure we are keeping our pay current and competitive.

The estimated base pay range for this position in (NY, CA, WA): $85,000-110,000

The estimated base pay range for this position in (CO): $85,000-100,000

Who we are:

It takes a special team to aim for a never-been-done-before mission like ours. We’re looking for people who love working together because they know it makes us stronger, people who look to others and ask, “How can I help?” and then “How can we make this even better?” If you’re ready to roll up your sleeves and help parents raise a financially smart generation, apply to join our team.

Greenlight is an equal opportunity employer and will not discriminate against any employee or applicant based on age, race, color, national origin, gender, gender identity or expression, sexual orientation, religion, physical or mental disability, medical condition (including pregnancy, childbirth, or a medical condition related to pregnancy or childbirth), genetic information, marital status, veteran status, or any other characteristic protected by federal, state or local law.