[Remote] Sourcing and Procurement Sr. Specialist at Acorns

Remote

Acorns Logo
Not SpecifiedCompensation
Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level
Full TimeJob Type
UnknownVisa
Financial Services, BiotechnologyIndustries

Requirements

Candidates should possess a BS/BA in Business or a related field and at least 4 years of experience in procurement, sourcing, vendor management, finance, consulting, technology, business development, partnerships, sales, or a related area. Strong vendor management skills, including performance evaluation, contract negotiation, and procurement policy execution, are essential. The role requires project management expertise with a focus on resource planning, timelines, and delivering measurable results, along with a solid understanding of commercial contracts, legal terminology, accounting principles, cost analysis, ROI, and Total Cost of Ownership. Proficiency in Excel is necessary, and experience with Workday and/or Zip is considered a plus. The ability to balance multiple projects in a fast-paced environment, both independently and as part of a team, is also required.

Responsibilities

The Sourcing and Procurement Sr. Specialist will partner with internal stakeholders to manage end-to-end procurement activities, driving strategy, negotiation, vendor management, contract reviews, and proposal analysis, primarily in Software, with additional exposure to Marketing, Services, and Infrastructure. Responsibilities include building expertise in Acorns' vendors, tools, systems, and procurement processes, streamlining vendor onboarding/offboarding, and maintaining the vendor master list and contract archives. The role involves overseeing purchase requisitions, purchase orders, renewals, and termination notices, partnering with stakeholders, Finance, and AP to align on budgets and resolve issues, and collaborating to negotiate global vendor contracts and drive process improvements. Additionally, the specialist will identify opportunities to leverage AI in procurement workflows, create and maintain contract summaries and vendor scorecards, serve as an administrator for procurement and contract systems, coordinate vendor risk assessments and QBRs, and identify and address gaps in procurement policies, processes, and systems to drive continuous improvement.

Skills

Sourcing
Procurement
Negotiation
Vendor Management
Contract Review
Proposal Analysis
Software Procurement
Marketing Procurement
Services Procurement
Infrastructure Procurement
Strategy Development
Stakeholder Management
Problem-Solving
Collaboration

Acorns

Micro-investing platform for everyday users

About Acorns

Acorns simplifies investing for everyday people, particularly those new to investing or preferring a hands-off approach. Its main product is a micro-investing platform that allows users to invest spare change from everyday purchases. For instance, if a user buys a coffee for $2.50, Acorns rounds up the purchase to $3.00 and invests the $0.50 difference. This makes investing accessible for those without large sums to invest upfront. Acorns also offers retirement accounts, checking accounts, and educational resources to help users make informed financial decisions. Unlike many competitors, Acorns operates on a subscription model, charging users a monthly fee based on the level of service. The company also partners with brands to provide cashback rewards that are automatically invested into users' accounts. Acorns aims to make investing easy and accessible, helping clients grow their financial knowledge and wealth.

Irvine, CaliforniaHeadquarters
2012Year Founded
$491.2MTotal Funding
IPOCompany Stage
Fintech, Financial ServicesIndustries
501-1,000Employees

Benefits

Healthcare
401(k)
Equity
Competitive Compensation
Flexible Paid Time Off
Learning & Development
Wellness
Flexible Work Hours
Quarterly Team Outings
Personal Development Plans
Annual Compensation Reviews
Recognition

Risks

Increased BNPL usage among Gen Z may reduce their investment capacity with Acorns.
Unpredictable IPO market could affect Acorns' public offering plans and valuation.
Privacy concerns may hinder adoption of Acorns' payment solution for kids.

Differentiation

Acorns offers micro-investing by rounding up purchases to invest spare change.
Partnerships with Vanguard and BlackRock provide Acorns users access to diversified portfolios.
Acorns collaborates with financial experts like Suze Orman for trusted financial advice.

Upsides

Acorns plans to go public, potentially increasing its market presence and resources.
The 'great wealth transfer' could expand Acorns' user base among younger investors.
Collaboration with Google Wallet targets younger audiences, enhancing long-term customer retention.

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