Sourcing and Procurement Sr. Specialist Job at Acorns

Job Description

Acorns is seeking a Sourcing & Procurement Sr. Specialist to partner with internal stakeholders and manage end-to-end procurement activities. Reporting to the Director of Sourcing & Procurement, you’ll drive strategy, negotiation, vendor management, contract reviews, and proposal analysis—primarily in Software, with additional exposure to Marketing, Services, and Infrastructure. You’ll also have the opportunity to support leadership on key sourcing initiatives.

Job Responsibility

Build expertise in Acorns’ vendors, tools, systems, and procurement processes
Streamline vendor onboarding/offboarding, maintain the vendor master list, and manage contract archives
Oversee purchase requisitions, purchase orders, renewals, and termination notices to ensure timely execution
Partner with stakeholders, Finance, and AP to align on budgets, resolve vendor/PO/invoice issues, and maximize cost efficiency
Collaborate with GH UK to negotiate global vendor contracts and drive process improvements
Identify opportunities to leverage AI in procurement workflows and led implementation efforts
Create and maintain contract summaries, vendor scorecards, renewal reports, and risk committee reporting
Serve as an administrator for procurement and contract systems (workflows, approvals, user permissions, updates)
Coordinate vendor risk assessments, QBRs, and other critical vendor management activities
Identify and address gaps in procurement policies, processes, and systems to drive continuous improvement

Requirements

BS/BA in Business or related field
4+ years of experience in procurement, sourcing, vendor management, finance, consulting, technology, business development, partnerships, sales, or a related field
Strong vendor management skills, including performance evaluation, contract negotiation, and procurement policy execution
Ability to quickly build trust and collaborate across internal teams and external partners
Project management expertise with a focus on resource planning, timelines, and delivering measurable results
Solid understanding of commercial contracts, legal terminology, accounting principles, cost analysis, ROI, and Total Cost of Ownership
Skilled at balancing multiple projects in a fast-paced environment, both independently and as part of a team
Proficiency in Excel

Nice to have

Workday and/or Zip experience
Problem-solver with solution-oriented attitude
Thirst for delivering game-changing products
Exceptional drive and precision in delivery
A belief that your work is tied to your life's mission
Optimistic about the potential of societal change

What we offer

Competitive salary and stock options
A comprehensive benefits package for you and your family
Flexible work location, hours, and paid time off
401(k) matching
Monthly Acorns account contribution & GoHenry account for your family
Mindfulness and Financial Wellness resources, Headspace and Addition Wealth
Acorns Career Development Program (Ongoing training sessions, development plans, development check-ins, Cornerstone’s online training platform)
Roots Leadership Program for Emerging Leaders
Community week onsite gatherings and various virtual events

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Sourcing and Procurement Sr. Specialist

Job Description

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Requirements

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