What are the responsibilities and job description for the VP/FVP, Procurement position at Axos Bank?
Axos Bank
Target Range:
$140,000.00/Yr. - $160,000.00/Yr.
Actual starting pay will vary based on factors including, but not limited to, geographic location, experience, skills, specialty, and education.
Eligible for an Annual Discretionary Cash Bonus Target: 15%
Eligible for an Annual Discretionary Restricted Stock Units Bonus Target: 15%
These discretionary target bonuses may be awarded semi-annually based upon your achievement of performance goals and targets.
About This Job
Axos is seeking a VP or FVP, Procurement who responsible for developing and executing an organization's procurement strategies to optimize costs, improve efficiency, and ensure a reliable supply chain. In this role, you will collaborate closely with stakeholders across various departments to align purchasing strategies with organizational goals. This role involves strategic planning, supplier relationship management, contract negotiations, risk mitigation, and driving innovation within the procurement function.
Responsibilities:
- Develop sourcing strategies in conjunction with key business partners to ensure achievement of business requirements
- Form key category strategies, including outsourced services and IT/development, in collaboration with stakeholders, to address risk, total cost, supply, etc. Monitor economic drivers, supply market, to assess impact to Axos.
- Liaise with key internal stakeholders to determine their product and service needs; collaborate to ensure clarity of specifications and expectations are anticipated and met. Lead fit-gap analysis
- Proactively bring cost management opportunities to stakeholders
- Source and engage reliable suppliers and vendors, and initiate business and organization partnerships
- Examine and test existing contracts; renegotiate as required
- Lead contract negotiations planning and execution, in collaboration with internal stakeholders
- Provide counsel to key stakeholders on both key legal and business terms during contract negotiations
- Develop vendor spend database and tracking
- Support an improved source to pay process, including proper review of contracts by all necessary stakeholders, support coordination with Purchase Order creation
- Oversee preparation of regular management reports and spend analysis (e.g., total vendors, vendor changes, new vendors, top vendors, Open Purchase Orders, highest vendors, contract compliance, etc.) and develops/reports on key performance indicators to measure performance and internal/external customer satisfaction levels. Track and report key functional and contractual metrics to reduce expenses and improve effectiveness
- Control spend and build a culture of long-term savings on total cost of ownership
- Ensure contract terms meet regulatory guidance and requirements
Qualifications:
- Bachelors' degree in supply chain management, logistics, business administration, or relevant degree; MBA from a reputable university preferred
- 5 years of hands-on strategic sourcing and/or procurement operations or related role; demonstrated experience at companies with developed procurement / strategic sourcing practices
- Deep experience working in procurement consulting, finance shared services, and outsourcing environment
- Thorough understanding of accounting controls in a Sarbanes Oxley environment, and managing or oversight of multi-entity and multi-state processes, including managing external service providers and vendors
- Managed RFI/RFP process for large complex categories of spend
- Problem solving skills with a detail-oriented mindset; able to work with complex business challenges
- Excellent analytical abilities and ability to apply mathematical concepts such as statistical data, fractions, percentages, ratios, and proportions to practical situations
- Good leadership and networking capabilities
- Excel proficiency
- Exceptional contract negotiations
- Software contracts review
- Thrive in a fast-paced, ever changing environment
Axos Employee Benefits May Include:
- Medical, Dental, Vision, and Life Insurance
- Paid Sick Leave, 3 weeks’ Vacation, and Holidays (about 11 a year)
- HSA or FSA account and other voluntary benefits
- 401(k) Retirement Saving Plan with Employer Match Program and 529 Savings Plan
- Employee Mortgage Loan Program and free access to an Axos Bank Account with Self-Directed Trading
About Axos
Born digital-first, Axos delivers financial tools and services that allow individuals, small businesses, and companies to access and manage their money how, when, and where they want. We’re a diverse team of dynamic, insightful, and independent innovators who are excited to provide technology-driven solutions that offer unbeatable value to our customers.
Axos Financial is our holding company and is publicly traded on the New York Stock Exchange under the symbol "AX" (NYSE: AX).
Learn more about working at Axos
Pre-Employment Background Check and Drug Test:
All offers are contingent upon the candidate successfully passing a credit check, criminal background check, and pre-employment drug screening, which includes screening for marijuana. Axos Bank is a federally regulated banking institution. At the federal level, marijuana is an illegal schedule 1 drug; therefore, we will not employ any person who tests positive for marijuana, regardless of state legalization.
Equal Employment Opportunity:
Axos is an Equal Opportunity employer. We are committed to providing equal employment opportunities to all employees and applicants without regard to race, religious creed, color, sex (including pregnancy, breast feeding and related medical conditions), gender, gender identity, gender expression, sexual orientation, national origin, ancestry, citizenship status, military and veteran status, marital status, age, protected medical condition, genetic information, physical disability, mental disability, or any other protected status in accordance with all applicable federal, state, and local laws.
Job Functions and Work Environment:
While performing the duties of this position, the employee is required to sit for extended periods of time. Manual dexterity and coordination are required while operating standard office equipment such as computer keyboard and mouse, calculator, telephone, copiers, etc.
The work environment characteristics described here are representative of those an employee may encounter while performing the essential functions of this position. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of this position.
Salary : $140,000 - $160,000
