Harvest by Acorns · 1 month ago
Sourcing and Procurement Sr. Specialist
Brooklyn, NY
Full-time
Hybrid
Mid, Senior Level
$102K/yr - $106K/yr
4+ years expAcorns is a financial wellness app dedicated to helping individuals and families save and invest money for the long term. They are seeking a Sourcing & Procurement Sr. Specialist to manage procurement activities, drive strategy, negotiate contracts, and support leadership on key sourcing initiatives.
Artificial Intelligence (AI)BankingConsumerFinancial ServicesFinTechInternetMachine Learning
Responsibilities
Build expertise in Acorns’ vendors, tools, systems, and procurement processes
Streamline vendor onboarding/offboarding, maintain the vendor master list, and manage contract archives
Oversee purchase requisitions, purchase orders, renewals, and termination notices to ensure timely execution
Partner with stakeholders, Finance, and AP to align on budgets, resolve vendor/PO/invoice issues, and maximize cost efficiency
Collaborate with GH UK to negotiate global vendor contracts and drive process improvements
Identify opportunities to leverage AI in procurement workflows and led implementation efforts
Create and maintain contract summaries, vendor scorecards, renewal reports, and risk committee reporting
Serve as an administrator for procurement and contract systems (workflows, approvals, user permissions, updates)
Coordinate vendor risk assessments, QBRs, and other critical vendor management activities
Identify and address gaps in procurement policies, processes, and systems to drive continuous improvement
Qualification
Required
BS/BA in Business or related field
4+ years of experience in procurement, sourcing, vendor management, finance, consulting, technology, business development, partnerships, sales, or a related field
Strong vendor management skills, including performance evaluation, contract negotiation, and procurement policy execution
Ability to quickly build trust and collaborate across internal teams and external partners
Project management expertise with a focus on resource planning, timelines, and delivering measurable results
Solid understanding of commercial contracts, legal terminology, accounting principles, cost analysis, ROI, and Total Cost of Ownership
Skilled at balancing multiple projects in a fast-paced environment, both independently and as part of a team
Proficiency in Excel
Problem-solver with solution-oriented attitude
Thirst for delivering game-changing products
Exceptional drive and precision in delivery
A belief that your work is tied to your life's mission
Optimistic about the potential of societal change
Preferred
Workday and/or Zip experience is considered a plus
Benefits
Competitive salary and stock options
A comprehensive benefits package for you and your family
Flexible work location, hours, and paid time off
401(k) matching
Monthly Acorns account contribution & GoHenry account for your family
Mindfulness and Financial Wellness resources, Headspace and Addition Wealth
Acorns Career Development Program (Ongoing training sessions, development plans, development check-ins, Cornerstone’s online training platform)
Roots Leadership Program for Emerging Leaders
Community week onsite gatherings and various virtual events
Company
Harvest by Acorns
Harvest uses AI & automation to help consumers increase net worth & achieve financial stability based on the PRO Index™, the leading indicator of financial health.
2-10 employees
Funding
Current Stage
Early StageTotal Funding
$3.21MKey Investors
Barclays Corporate BankingTechstarsFinTech Sandbox
2021-03-12Acquired
2019-09-06Seed· $3.1M
2018-09-10Pre Seed· $0.11M
Company data provided by crunchbase