Senior Strategic Sourcing Manager

May 9

Upstart

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Our mission is to enable effortless credit based on true risk.

Personal Loans • FinTech • Marketplace Lending • Artificial intelligence • Finance

1001 - 5000

Description

• Conduct detailed market/supplier research, perform data analysis, review and comprehend Company spend, communicate findings through meaningful research summaries • Develop Category and Stakeholder Engagement plans for assigned business units • Perform cost modeling, RFx strategy development and creation • Project manage sourcing projects and RFx processes to meet stakeholder project timelines • Conduct negotiations (both commercial and contractual) and supplier performance management • Manage total contract lifecycle including RFP creation, negotiation, execution, ongoing management of all new and existing agreements to ensure business needs are met while minimizing risk to Upstart. • Perform contract reviews of commercial terms (including redlining and driving deal execution) • Interact with key SME groups, e.g., Legal, Infosec, Compliance, etc., articulating areas of concern and developing language that minimizes risk for the Company while driving closure of open items. • Actively participate in team initiatives, including but not limited to supplier rationalization, cost savings initiatives, risk mitigation, assessing supplier financial viability, demonstrating and communicating the value of Procurement • Perform total cost of ownership evaluations, pricing audits, buy vs. lease evaluations pursuing continuous cost improvements • Drive stakeholder engagement • Collaborate with all levels and provide guidance securing a position as a Trusted Advisor • Effectively communicate and document the impact of sourcing decisions to internal stakeholders and leadership, as appropriate

Requirements

• 7+ years relevant experience • Prior experience negotiating technology agreements including a broad range of services • High energy and ability to operate with a sense of urgency • Ability to influence stakeholders • Excellent quantitative skills with the ability to dissect problems and provide various solutions • Demonstrated skills in rigorous, fact-based analysis that drive creative problem solving, proposal preparation, and negotiation • Ability to drive deals to execution with excellent attention to detail • Working knowledge of GSuite and Microsoft Suite • Able to take initiative in a fast-paced work environment and to interface with all functions and at all levels within and outside the company • Knowledge and previous experience with eSourcing tools, P2P, contract management database systems, ZIP a plus • Ability to effectively communicate both verbally and in written form • Bachelor’s degree in Finance, Business, Supply Chain or equivalent line of business • Team player and self-starter with a can-do attitude

Benefits

• Competitive Compensation (base + bonus & equity) • Comprehensive medical, dental, and vision coverage with Health Savings Account contributions from Upstart • 401(k) with 100% company match up to $4,500 and immediate vesting and after-tax savings • Employee Stock Purchase Plan (ESPP) • Life and disability insurance • Generous holiday, vacation, sick and safety leave • Supportive parental, family care, and military leave programs • Annual wellness, technology & ergonomic reimbursement programs • Social activities including team events and onsites, all-company updates, employee resource groups (ERGs), and other interest groups such as book clubs, fitness, investing, and volunteering • Catered lunches + snacks & drinks when working in offices