Senior Manager, Sourcing & Procurement

Acorns

3d•$160,700 - $189,000•Remote

About The Position

Acorns is seeking a Senior Manager, Sourcing & Procurement to lead the company-wide sourcing and purchasing model across all third-party spend. The role oversees end-to-end category strategy, vendor management, and procurement intake workflows, partnering 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 throughout the vendor lifecycle. The position owns and enhances Acorns’ third-party management program, including planning, intake, evaluation, contracting, and lifecycle management. It leads negotiations and renewals across indirect and strategic spend; develops category strategies; manages intake workflows and supporting automation; and advances risk-tiered sourcing practices to meet SEC, FINRA, and bank-partner expectations. The Senior Manager directly manages, mentors, and develops one team member. Acorns is a remote-first organization, with optional access to office space in Irvine, California. The position’s stated annual base pay range is $160,700–$189,000. Compensation may vary based on individualized factors, and the total package may include equity grants, discretionary cash bonuses, and benefits.

Requirements

10+ years of progressive experience in strategic sourcing, enterprise procurement, or vendor management within high-growth technology or financial services environments.
Proven experience negotiating complex, multi-year enterprise SaaS 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 frameworks.
Familiarity with technical concepts such as architecture, integration, security, SLAs, uptime, and incident response, sufficient to partner with Engineering and Enterprise IT and translate technical requirements into commercial terms.
Deep financial acumen and demonstrated experience driving measurable cost savings, total cost of ownership reductions, and risk mitigation.
Bachelor’s degree in Business, Supply Chain, Finance, or a related field, or equivalent practical experience.
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 company policies and procedures.
Ability to own strategic decision-making and effectively communicate direction to team members.
Hunger to deliver game-changing products; exceptional drive and precision in delivery; belief that work is tied to one’s life mission; and optimism about the potential of societal change.

Responsibilities

Own and enhance the third-party management program across planning, intake, evaluation, contracting, and lifecycle management; assess and redesign policies, processes, and procedures as needed and establish 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 indirect and strategic spend, securing competitive pricing, terms, and service levels.
Develop and run category strategies across technology, marketing, product, operations, professional services, and corporate functions.
Own company-wide intake and procurement workflows and supporting automation, involving Enterprise IT, InfoSec, and Compliance 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.
Enhance spend analytics, benchmarking, and executive reporting to identify savings and forecast procurement needs.
Manage, mentor, and develop one team member through coaching, performance feedback, and guidance.

Benefits

Competitive salary and stock options.
Comprehensive benefits package for employees and their families.
Flexible work location and hours, and paid time off.
401(k) matching.
Monthly Acorns account contribution and GoHenry account for the employee’s family.
Mindfulness and financial wellness resources, including Headspace and Addition Wealth.
Acorns Career Development Program, including ongoing training sessions, development plans, development check-ins, and Cornerstone’s online training platform.
Roots Leadership Program for Emerging Leaders.
Community week onsite gatherings and various virtual events.
Medical, financial, and other benefits, with vacation, sick time, and parental leave noted.