Senior Manager, Procurement

Vestwell•New York, NY

8d•Hybrid

About The Position

Vestwell is the financial technology company powering the new savings economy. The New York City-based fintech platform redefines how people save for the critical aspects of life across retirement, education, and healthcare savings needs. Today, Vestwell enables over 350,000 businesses and nearly 1.5 Million active savers, with over $30 billion in assets saved across all 50 United States. Vestwell offers a range of products, including workplace-delivered retirement plans, employer-offered student loan repayment benefits, and various savings accounts for education, emergencies, and individuals with disabilities. Vestwell's platform serves a diverse clientele, including financial advisers, employers, third-party administrators, financial institutions, payroll providers, government agencies, and individual savers. To learn more, visit vestwell.com Vestwell is seeking a Senior Manager, Procurement to join our Finance team. The Senior Manager of Procurement is responsible for leading and executing procurement activities to ensure the efficient, cost-effective, and compliant acquisition of goods and services. This role manages day-to-day purchasing operations, strategic sourcing initiatives, supplier selection, and contract negotiations, while enforcing procurement policies and internal controls. The Senior Manager partners closely with finance, legal, and operational stakeholders to ensure purchasing decisions align with budgetary guidelines, operational needs, and organizational standards. In addition to operational oversight, the Senior Manager of Procurement plays a critical role in improving procurement performance and supporting business objectives. This position analyzes spend data and market trends to identify cost-saving opportunities, manages supplier relationships to drive performance and mitigate risk, and leads continuous improvement initiatives across procurement processes. This is a senior individual contributor role suited for someone who thrives in execution-heavy environments, brings strong judgment to complex purchasing decisions, and is comfortable partnering closely with senior leaders. You are detail-oriented, commercially minded, and capable of independently managing procurement activities end-to-end.

Requirements

7+ years of experience in procurement, strategic sourcing, or vendor management, ideally within fintech, SaaS, or a high-growth technology environment
Demonstrated success independently managing complex vendor negotiations and enterprise-level contracts
Strong financial acumen with experience analyzing spend, forecasting costs, and identifying savings opportunities
Experience partnering cross-functionally with Finance, Legal, IT, and senior business stakeholders
Exceptional organizational and communication skills, with the ability to balance multiple priorities and deadlines
Comfortable operating with a high degree of autonomy in a fast-paced, evolving environment

Nice To Haves

Experience supporting procurement in regulated or compliance-driven environments
Familiarity with procurement systems, contract lifecycle management tools, or spend analytics platforms
Prior experience helping to formalize or scale procurement processes
Exposure to SOC, security, or vendor risk management workflows
Interest in mentoring or providing informal guidance to junior team members, without direct people management responsibility

Responsibilities

Own Vestwell’s day-to-day procurement function, serving as the central point of accountability for sourcing, purchasing, and vendor management.
Lead sourcing and negotiation for software licenses, data providers, payment processors, consulting services and other providers.
Partner closely with Legal, Compliance, Risk, Security, and Finance to ensure vendor engagements meet all company requirements.
Oversee third-party due diligence, including SOC reports, security questionnaires, risk assessments, and ongoing vendor monitoring.
Review, negotiate, and approve contracts.
Ensure adherence to procurement policies, controls, and regulatory expectations.
Track and manage SaaS spend, renewals, and usage to optimize costs and prevent overspend.
Support budgeting and forecasting by monitoring vendor spend against approved budgets.
Manage vendor onboarding and offboarding processes, including coordination with IT.
Analyze spend data to identify cost savings, vendor consolidation opportunities, and efficiency improvements.
Address vendor performance issues, service disruptions, and escalation management.
Maintain accurate procurement and contract documentation to support audits and regulatory reviews.
Identify and implement procurement tools or systems (e.g., contract management, spend analytics, intake workflows) to improve visibility and controls.
Stay current on fintech market trends, vendor landscapes, and regulatory changes impacting third-party relationships.
Provide procurement-related guidance and recommendations to stakeholders across the organization.
Manage RFPs and vendor onboarding processes from intake through execution.
Maintain accurate and organized procurement documentation, including contracts, pricing schedules, and vendor records.
Support ad hoc procurement initiatives tied to new tools, vendors, or business priorities.