What are the responsibilities and job description for the Procurement Strategist - Financial Discipline position at Cross River?
Company Overview
Cross River is a leading financial technology company that powers the future of financial services. With a comprehensive suite of innovative and scalable embedded payments, cards, and lending products, the company delivers financial services for millions of businesses and consumers worldwide.
The company has experienced significant growth over the past three years, tripling in size, while maintaining a strong sense of purpose and community. Cross River's commitment to its mission has earned it recognition as one of the Best Places to Work in Fintech by American Banker for six consecutive years.
Salary
The annual salary for this position ranges from $130,000 to $150,000, offering a competitive compensation package.
Job Description
As an AVP of Procurement, you will play a critical role in supporting and developing the enterprise-wide procurement function at Cross River. You will report directly to the head of the group, who reports to the CFO, and work closely with various stakeholders across the organization to drive strategic sourcing activities and achieve expense discipline goals.
Your responsibilities will include:
- Supporting Cross River's strategic sourcing initiatives to develop and expand the procurement function within the enterprise
- Managing T&E and non-T&E reimbursement requests, ensuring accurate and timely budget allocation and tracking
- Leading expense savings activities within several procurement categories, including IT spend, to reach expense discipline goals and optimize vendor agreement terms
- Collaborating with stakeholders to ensure a smooth review and approval process for sourcing requisitions
- Managing contract negotiations with vendors to maximize enterprise savings and rationalize costs
Requirements
To succeed in this role, you will need:
- A Bachelor's degree in finance, economics, accounting, or a related field
- At least 5 years of relevant work experience in a public financial services firm, preferably in a procurement or sourcing function, with IT procurement experience being a plus
- Strong analytical skills, with the ability to build financial models in Excel and communicate complex concepts simply
- A team player with executive presence, able to work collaboratively across the organization
About Us
Cross River is an Equal Opportunity Employer committed to diversity and inclusion. We do not discriminate on the basis of race, religion, color, sex, gender identity, sexual orientation, age, disability, national origin, or any other protected characteristic.
Salary : $130,000 - $150,000
