Acorns Senior Manager, Sourcing & Procurement at Acorns leads company-wide sourcing and purchasing across all third-party spend. The role includes vendor management, contract negotiations, and category strategy development.
Responsibilities
Own and enhance Acorns’ existing third-party management program, covering planning, intake, evaluation, contracting, and lifecycle management of all third-party engagements. Evaluate current policy, processes, and procedures, redesign where needed, and establish defined accountability at each stage. Partner with Enterprise IT, Engineering, InfoSec, Legal, Compliance, Finance, and business owners across Marketing, Product, and Operations.
Lead commercial negotiations, contract structuring, and renewals across all indirect and strategic spend, securing competitive pricing, terms, and service levels.
Develop and run category strategies across technology, marketing, product, operations (including data, KYC/identity and customer support), professional services, and corporate functions (including legal and compliance tools).
Own company-wide intake and procurement workflows and supporting automation, bringing Enterprise IT, InfoSec, and Compliance in during planning and evaluation, before vendor selection or commitment.
Mature the risk-tiered sourcing framework to meet SEC, FINRA, and bank-partner expectations, including inventorying, auditing, and benchmarking strategic suppliers against commercial, operational, security, and regulatory standards for each tier
Enhance spend analytics, benchmarking, and executive reporting to identify savings and forecast procurement needs.
Directly manage, mentor, and develop one team member, providing ongoing coaching, performance feedback, and guidance to support their professional growth and successful execution of sourcing and procurement priorities.
What you will bring to Acorns:
10+ years of progressive experience in strategic sourcing, enterprise procurement, or vendor management within high-growth technology or financial services environments.
Proven track record negotiating complex, multi-year enterprise SaaS software agreements, marketing and agency agreements, professional services contracts, and strategic third-party vendor partnerships.
