What are the responsibilities and job description for the Procurement & Accounts Payable Manager position at Roofstock?

Job Description

What we do and why we do it

As the leading end-to-end investment platform for single-family rental homes (SFR), our mission is to make real estate investing radically accessible, cost effective, and simple. We successfully merge our passion for helping investors build wealth through real estate with cutting edge technology that transforms the way they do it.

How it's going (and growing)

With a talented team of 600 Roofsters, our collaborative, can-do culture is what fuels our growth. In 2022, we closed on our Series E, raising $240 million, and have offices in California, Texas, and New York as well as many remote opportunities. Our growth includes recent acquisitions of Stessa (financial and asset management software), RentPrep (tenant screening and placement service for landlords), and Mynd (property management platform for both Retail and Institutional investors).

About The Role

The Procurement & AP Manager will oversee the entire procurement process, from identifying supplier needs to managing vendor contracts, while simultaneously managing the Accounts Payable function, ensuring timely and accurate payments to suppliers, all while adhering to company policies and financial regulations; this role requires strong analytical skills to identify cost-saving opportunities, excellent communication to build strong supplier relationships, and meticulous attention to detail for accurate financial reporting.

Requirements

Procurement Strategy :

Develop and implement procurement strategies to optimize cost, quality, and delivery timelines.
Identify potential suppliers, conduct thorough vendor evaluations, and negotiate favorable contract terms.
Manage supplier relationships, including performance reviews and addressing any issues.
Conduct market analysis to identify cost-saving opportunities and new vendors.

Accounts Payable Management :

Oversee the entire AP process, including invoice verification, data entry, and payment processing.

Ensure timely and accurate payments to suppliers, adhering to company policies and payment terms.

Review vendor coding to ensure the accuracy of journal entries into the GL system

Monitor and resolve invoice discrepancies, including communication with vendors to rectify errors.

Implement and maintain internal controls to prevent fraud and errors in AP transactions.

Financial Reporting and Analysis :

Generate regular procurement and AP reports, including spending analysis, cost trends, and supplier performance metrics.

Identify areas for cost reduction and implement cost-saving initiatives.

Create and monitor the AP aging report weekly to ensure timely vendor payments.

Collaborate with the finance and accounting team to ensure timely and accurate financial reporting monthly.

Team Leadership :

Lead and manage 2-4 offshore AP specialists, including performance evaluations, coaching, and development.

Delegate tasks effectively and ensure team efficiency.

Foster a collaborative work environment within the team and with cross-functional departments.

Work closely with the VP-Finance, Controller, and Assistant Controller on ad hoc projects, as needed

Qualifications :

5-7 years of experience in procurement and accounts payable management

2-3 years of supervisory experience overseeing AP team members

Bachelor's degree in Business Administration, Accounting, Finance, or related field

Strong analytical skills with proficiency in data analysis and financial reporting

Excellent negotiation and contract management skills

Strong communication and interpersonal skills to build effective relationships with suppliers, vendors, and internal stakeholders

Prior experience with Zip, Ramp, Netsuite, and other ERP software is a plus

Ability to work independently and manage multiple priorities effectively

Team player who works well in a fast-paced environment

Location

This position is classified as HYBRID within the Greater Oakland Area. with an expectation to be in-office on Tuesdays and Thursdays weekly.

Compensation

112,500-$132,500

Pay Transparency

Our compensation reflects several US geographic markets. The base pay for this position represents the expected salary for this position. Ultimately, in determining your pay it will be based on several factors including location, job-related knowledge, skills, experience and other job related factors. Roofstock is a total compensation company; the base salary is only part of our total compensation package.

Competitive & Unique Benefits Package

Generous PTO Policy

13 Paid Holidays

Volunteer Time Off

Paid Parental Leave

401k Program

Wellness and home office / cell phone subsidies

Robust health, dental, vision insurance, and more

Must be authorized to work in the U.S. is a precondition of employment and we are unable to sponsor H1-B Visas at this time.

Any offer of employment is conditioned upon the successful completion of a background investigation.

Commitment to Equal Employment Opportunity

The company provides equal opportunity in all of our employment practices to all qualified employees and applicants without regard to race, color, religion, sex, gender, gender expression, gender identity, national origin, ancestry, citizenship, age, physical or mental disability, marital status, sexual orientation, military or veteran status, genetic information or any other category protected by federal, state and local laws. This policy applies to all aspects of the employment relationship, including recruitment, hiring, compensation, promotion, transfer, disciplinary action, layoff, return from layoff, training and social, and recreational programs. All such employment decisions will be made without unlawfully discriminating on any prohibited basis.

LI-ONSITE

LI-NL1

Salary : $112,500 - $132,500

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Procurement & Accounts Payable Manager

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