Vestwell · 6 hours ago
Senior Manager, Procurement
New York, NY
Full-time
Hybrid
Senior Level
$0/yr - $0/yr
7+ years expVestwell is a financial technology company powering the new savings economy, enabling businesses and savers to manage their financial needs. The Senior Manager of Procurement will lead procurement activities, ensuring efficient acquisition of goods and services while managing vendor relationships and compliance with company policies.
Employee BenefitsFinanceFinancial ServicesFinTechRetirement
Responsibilities
Own Vestwell’s day-to-day procurement function, serving as the central point of accountability for sourcing, purchasing, and vendor management
Lead sourcing and negotiation for software licenses, data providers, payment processors, consulting services and other providers
Partner closely with Legal, Compliance, Risk, Security, and Finance to ensure vendor engagements meet all company requirements
Oversee third-party due diligence, including SOC reports, security questionnaires, risk assessments, and ongoing vendor monitoring
Review, negotiate, and approve contracts
Ensure adherence to procurement policies, controls, and regulatory expectations
Track and manage SaaS spend, renewals, and usage to optimize costs and prevent overspend
Support budgeting and forecasting by monitoring vendor spend against approved budgets
Manage vendor onboarding and offboarding processes, including coordination with IT
Analyze spend data to identify cost savings, vendor consolidation opportunities, and efficiency improvements
Address vendor performance issues, service disruptions, and escalation management
Maintain accurate procurement and contract documentation to support audits and regulatory reviews
Identify and implement procurement tools or systems (e.g., contract management, spend analytics, intake workflows) to improve visibility and controls
Stay current on fintech market trends, vendor landscapes, and regulatory changes impacting third-party relationships
Provide procurement-related guidance and recommendations to stakeholders across the organization
Manage RFPs and vendor onboarding processes from intake through execution
Maintain accurate and organized procurement documentation, including contracts, pricing schedules, and vendor records
Support ad hoc procurement initiatives tied to new tools, vendors, or business priorities
Qualification
Required
7+ years of experience in procurement, strategic sourcing, or vendor management, ideally within fintech, SaaS, or a high-growth technology environment
Demonstrated success independently managing complex vendor negotiations and enterprise-level contracts
Strong financial acumen with experience analyzing spend, forecasting costs, and identifying savings opportunities
Experience partnering cross-functionally with Finance, Legal, IT, and senior business stakeholders
Exceptional organizational and communication skills, with the ability to balance multiple priorities and deadlines
Comfortable operating with a high degree of autonomy in a fast-paced, evolving environment
Preferred
Experience supporting procurement in regulated or compliance-driven environments
Familiarity with procurement systems, contract lifecycle management tools, or spend analytics platforms
Prior experience helping to formalize or scale procurement processes
Exposure to SOC, security, or vendor risk management workflows
Interest in mentoring or providing informal guidance to junior team members, without direct people management responsibility
Benefits
Competitive health coverage
Generous vacation offering
Great 401(k) plan
Company
Vestwell
Vestwell is the backbone of the modern savings economy; a fintech company powering savings for retirement, education, and healthcare.
201-500 employees
H1B Sponsorship
Vestwell has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (4)
2024 (3)
2023 (5)
2022 (3)
2021 (3)
2020 (2)
Funding
Current Stage
Late StageTotal Funding
$238.82MKey Investors
Lightspeed Venture PartnersGoldman Sachs Growth EquityF-Prime
2023-12-21Series D· $125M
2021-07-20Series C· $70M
2019-04-02Series B· $31.27M
Leadership Team
Aaron Schumm
Founder, Chairman, & CEO
David Sheen
Chief Financial Officer
Recent News
2025-12-23
Pulse 2.0
2025-12-21
Company data provided by crunchbase