Procurement Lead
December 9
Description
• Mercury is building a complete finance stack for startups. • We work hard to create the easiest and safest banking experience possible to simplify entrepreneurs' and business owners’ financial lives. • Ensure our business is running smoothly with an efficient, yet robust procurement process. • Proactively negotiate new agreements and manage renewals with vendors to drive cost reductions and improve contract terms. • Analyze spend data to identify potential cost-saving opportunities. • Oversee the procurement system to reduce costs, mitigate risks, improve spend compliance and establish best practices. • Assess vendor risk profiles based on existing third-party risk management policies and ensure adherence to regulatory and company standards. • Identify opportunities for automation and efficiency improvements, ensuring scalability and adaptability as the company grows. • Establish new policies, processes, and templates for the procurement process, balancing controls with stakeholder experience. • Manage RFP processes by collaborating with employees to understand business requirements and researching alternative solutions. • Collaborate with Finance, IT, Compliance, Legal and, employee stakeholders to ensure compliance with policies.
Requirements
• 5+ years of procurement/strategic sourcing experience, including contract negotiations of software. • Bachelors degree in business administration, supply chain management, IT systems, finance, accounting. • Proven track record in vendor negotiations, contract management, and cost-saving initiatives. • Strong problem-solving and decision-making skills using first-principles thinking. • Experience managing third-party risk and ensuring vendor compliance with regulatory requirements and internal policies. • Strong understanding of procurement best practices, including vendor evaluation, negotiation tactics, and spend analysis. • Excellent communication and negotiation abilities. • Familiarity with procurement software (ie. Zip, Coupa, SAP).
Benefits
• The total rewards package at Mercury includes base salary, equity (stock options), and benefits. • Our salary and equity ranges are highly competitive within the SaaS and fintech industry and are updated regularly using the most reliable compensation survey data for our industry. • New hire offers are made based on a candidate’s experience, expertise, geographic location, and internal pay equity relative to peers.
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