mx51 · 9 hours ago
Commercial Manager
United States
Full-time
Remote
Mid Level
3+ years expmx51 is a payments-as-a-service solution for banks, non-bank acquirers, and other merchant service providers. They are seeking a Commercial Manager to manage procurement processes, vendor management, and contract management for the company.
FinanceFinancial ServicesFinTechPayments
Responsibilities
Manage the procurement process, including:
Meeting with internal stakeholders to understand business needs
Understanding mx51’s contractual obligations with its customers, and ensure that the supplier contracts comply with mx51’s contractual obligations
Reviewing and negotiating contracts
Negotiating pricing
Working with Risk and Security team on the more strategic / complex suppliers
Manage the post-contract vendor management process, including:
Working with stakeholders to monitor customer performance, including SLA performance
Reviewing fees to see if there are any efficiencies that could be made; in particular working with Finance on minimising costs across the whole portfolio of suppliers
Responding to internal stakeholders’ queries about contract interpretation
Manage POS partner agreements, including:
Negotiating amendments to the POS partner agreements
Keeping track of the status of the POS partner agreements around multiacquirer
Manage the contract management system being the single source of truth for all contracts
Qualification
Required
3-5 years experience in a procurement or commercial function
Experience in private practice, or in-house
Law degree
Company
mx51
mx51 empowers acquirers and payment providers to connect seamlessly with merchants and their customers.
51-200 employees
Funding
Current Stage
Growth StageTotal Funding
$57.5MKey Investors
HedosophiaWestpac
2022-07-19Series B· $32.5M
2021-05-24Series A· $25M
2017-07-01Seed
Leadership Team
Victor Zheng
Chief Executive Officer
Recent News
Google Patent
2025-02-10
Company data provided by crunchbase