VP, Procurement

Axos Bank • San Diego, CA

3d • $120,000 - $150,000

About The Position

The VP, Sr. Manager Procurement oversees the procurement process, develops and implements procurement strategies, manages supplier relationships, and ensures compliance with company policies. The role analyzes market trends, negotiates contracts, and leads procurement professionals to optimize purchasing efficiency and cost-effectiveness.

The position partners with business stakeholders to develop sourcing and category strategies, including for outsourced services and IT/development. It manages supplier engagement, contract negotiations and review, spend tracking, source-to-pay processes, reporting, and performance measurement. It also supports cost management and savings initiatives and ensures contracts and vendors receive appropriate risk, legal, and regulatory review.

The position requires a bachelor's degree in a relevant field and at least seven years of procurement or related experience. An MBA is preferred. Banking industry experience and experience with online sourcing or procurement tools are also noted as preferred qualifications.

The stated target salary range is $120,000 to $150,000 per year. The role is eligible for discretionary annual cash and restricted stock unit bonus targets of 12.5% each, which may be awarded semi-annually based on performance goals and targets.

Requirements

• Bachelor's degree in supply chain management, logistics, business administration, or a relevant field.
• Seven or more years of procurement or related experience.
• Deep experience in procurement consulting, finance shared services, and outsourcing environments, including procurement and a thorough understanding of accounting controls in a Sarbanes-Oxley environment.
• Experience managing or overseeing multi-entity and multi-state processes, including external service providers and vendors.
• Experience managing RFI/RFP processes for large, complex spend categories.
• Experience implementing and operationally managing a requisition-to-purchase-order process.
• Demonstrated problem-solving skills, attention to detail, and ability to work with complex business challenges.
• Strong analytical abilities and ability to apply mathematical concepts such as statistical data, fractions, percentages, ratios, and proportions to practical situations.
• Ability to collect and analyze data.
• Negotiation and networking skills.
• Leadership capabilities.
• Proficiency in Excel.

Nice To Haves

• MBA preferred.
• Banking industry experience preferred.
• Experience with online sourcing or procurement tools is a plus.

Responsibilities

• Develop sourcing strategies with key business partners to meet business requirements.
• Develop category strategies, including for outsourced services and IT/development, in collaboration with stakeholders; assess risk, total cost, supply, economic drivers, and supply-market impacts.
• Work with internal stakeholders to identify product and service needs and clarify specifications and expectations.
• Proactively identify cost-management opportunities for stakeholders.
• Source and engage reliable suppliers and vendors and initiate business and organizational partnerships.
• Examine and test existing contracts and renegotiate them as required.
• Plan and lead contract negotiations in collaboration with internal stakeholders.
• Advise stakeholders on key legal and business terms during contract negotiations.
• Develop a vendor-spend database and tracking process.
• Support improvements to the source-to-pay process, including contract review by appropriate stakeholders and coordination with purchase order creation.
• Oversee management reporting and spend analysis, and develop and report key performance indicators for performance and customer satisfaction.
• Track and report functional and contractual metrics to reduce expenses and improve effectiveness.
• Control spending and foster long-term savings based on total cost of ownership.
• Ensure contract terms meet regulatory guidance and requirements, and coordinate vendor and contract due diligence with Risk, Legal, and other stakeholders.
• Lead a team of procurement professionals.

Benefits

• Medical, dental, vision, and life insurance.
• Paid sick leave, three weeks of vacation, and approximately 11 holidays per year.
• HSA or FSA account and other voluntary benefits.
• 401(k) retirement savings plan with employer match.
• 529 savings plan.
• Employee mortgage loan program.
• Free access to an Axos Bank account with self-directed trading.
• Eligible for annual discretionary cash bonus target of 12.5%.
• Eligible for annual discretionary restricted stock units bonus target of 12.5%.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior