Procurement Manager at Melio

Tel Aviv-Yafo, Tel Aviv District, Israel

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Not SpecifiedCompensation

Mid-level (3 to 4 years)Experience Level

Full TimeJob Type

UnknownVisa

FinTech, SaaS, TechnologyIndustries

Requirements

3-5 years of specific experience as a Purchasing or Procurement Manager within a technology-oriented organization (FinTech or SaaS highly desirable)
Proven ability to build and implement smart, lean, and controlled cross-functional processes and drive effective organizational collaboration
Strong commercial negotiation expertise, coupled with outstanding communication and interpersonal skills
Demonstrated knowledge of SW & SaaS procurement, vendor optimization, and managing diverse supplier engagements
Previous experience working with ERP systems (e.g., NetSuite or similar platforms)
Advanced proficiency in written and verbal communication in both English and Hebrew
Bonus points
Experience with building internal business documentation and presentation materials
Demonstrated ability to influence at all levels of the organization and develop strong internal stakeholder relationships
Experience operating within a fast-paced environment and successfully delivering results under pressure
A strong desire to champion innovation and positive social and environmental outcomes through procurement practices

Responsibilities

Design and strategically execute the entire procurement function in the region, taking full ownership of the end-to-end process from market sourcing and strategic negotiations to contract management and supplier integration
Work closely with various departments to develop a thorough understanding of their needs, design new procurement methodologies, and drive a whole-of-company approach to improve commercial position and asset protection
Serve as the dedicated Procurement resource for major projects, including the implementation of Xero systems and the Melio integration into Xero, providing supply market expertise and insight to support leadership decision-making
Manage the full end-to-end procurement lifecycle, from initial sourcing and RFP management to finalizing contracts and managing vendor relationships
Continuously seek and negotiate agreements with reliable vendors and suppliers, reviewing existing contracts to ensure ongoing feasibility and strategic alignment with Melio's growth
Drive efficiency and accuracy within the Finance team by constantly improving procedures, controls, and reports related to the flow of funds and financial data
Work closely with the wider Xero Team, linking Melio and the rest of the Procurement Team, to successfully execute against priorities

Skills

Procurement

Purchasing

Negotiation

Contract Management

Supplier Management

Vendor Optimization

SaaS Procurement

ERP Systems

NetSuite

Cross-functional Collaboration

Melio

Digital payment solution for small businesses

About Melio

Melio Payments provides a digital payment solution aimed at helping small businesses manage their finances more effectively. The platform allows businesses to pay their vendors and suppliers using various methods, including ACH bank transfers and credit cards. A notable feature is the option to defer credit card payments for up to 45 days, which assists in cash flow management. Additionally, businesses can earn rewards on their credit card expenses. Melio charges a 2.9% fee for credit card transactions, while ACH transfers are free, making it a cost-effective choice for many. The platform also enhances expense management by allowing businesses to assign roles, digitize approval workflows, and automate bill payments, all while ensuring the security of financial information. Melio's goal is to simplify the payment process for small businesses in the retail and e-commerce sectors, providing them with greater control over their finances.

New York City, New YorkHeadquarters

2018Year Founded

$636.2MTotal Funding

SERIES_ECompany Stage

Consumer Software, Fintech, Financial ServicesIndustries

501-1,000Employees

Benefits

Health Insurance

Dental Insurance

Vision Insurance

401(k) Company Match

Wellness Program

Paid Vacation

Paid Sick Leave

Hybrid Work Options

Meal Benefits

Professional Development Budget

Performance Bonus

Risks

Increased competition from Amazon Business could reduce Melio's market share.

Valuation cut to $2 billion suggests potential investor concerns about growth.

Rapid feature expansion may strain resources, leading to operational inefficiencies.

Differentiation

Melio offers a 45-day payment deferral using credit cards, aiding cash flow.

ACH transfers are free, providing a cost-effective payment option for small businesses.

Melio's platform allows role assignments and automated workflows, enhancing expense control.

Upsides

Recent $150M Series E funding supports growth through strategic partnerships.

Integration with Amazon Business enhances Melio's reach in the B2B sector.

Growing demand for real-time payments presents an opportunity for Melio's service expansion.

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