[Hiring] Senior Manager, Sourcing & Procurement @Acorns

Role Description

Acorns is seeking a Senior Manager, Sourcing & Procurement to lead our company-wide sourcing and purchasing model across all third-party spend. You will oversee end-to-end category strategy, vendor management, and intake workflow operations, partnering closely with Finance, Enterprise IT, Engineering, InfoSec, Legal, Compliance, and business owners across Marketing, Product, and Operations to drive commercial value, operational reliability, and risk oversight across all lifecycle stages.

What you will do at Acorns:

• 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.
• Drive spend segmentation, RFPs, market analysis, vendor consolidation, and multi-year category plans.
• 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.

Qualifications

• 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.
• Hands-on experience developing category strategies, running structured RFPs, consolidating vendor bases, and executing multi-year spend plans.
• Exceptional communication, negotiation, and stakeholder management skills with a collaborative, customer-centric approach.
• Expertise in spend management and procurement intake tools (including Zip and Brex).
• Experience executing cross-functional third-party risk management (TPRM) frameworks.
• Familiarity with technical concepts (architecture, integration, security, SLAs, uptime, incident response) sufficient to partner credibly with Engineering and Enterprise IT and translate technical requirements into commercial terms.
• Deep financial acumen with demonstrated experience driving measurable cost savings, total cost of ownership (TCO) reductions, and risk mitigation.
• Bachelor’s degree in Business, Supply Chain, Finance, or a related field (or equivalent practical experience).
• Hunger to deliver 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.
• 2+ years of people management experience.
• Demonstrated experience motivating, supporting, and developing team members to meet performance expectations and build their careers.
• Ability to align company vision and organizational goals with team execution.
• Commitment to upholding policy and procedures per company standards.
• Own strategic decision-making and effectively communicate direction to team members.

Benefits

• 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.
• Talented and motivated team members who care deeply about one another, our mission, and our customers.
• The rare opportunity to create a new world. We inspire one another every day to do meaningful work that solves big societal challenges.