Head of Procurement
Who we are
SoFi is a digital personal finance company whose mission is to help its members achieve financial independence to realize their ambitions, whether that be to buy a house one day, start a family on their own terms or be debt free. We aim to be at the center of our members’ financial lives, and to help every member Get Their Money Right®. By joining SoFi, you’ll become part of a forward-thinking company that is transforming financial services by embracing technology to build innovative loan products, investment tools, and more. One of the fastest growing fintech companies, we’ve grown from 250 employees in 2015 to over 1,500 employees today, and are well on our way to reaching 1 million members. With offices across the US, we offer the excitement of a rapidly growing startup with the stability of a seasoned management team and some of the best talent around. As an employer, we strive to hire employees who are committed to both our company’s mission and our desire to build the best culture in the world. If you are driven, passionate about what you do, and excited about the SoFi mission, we would love to hear from you.
As the Head of Procurement for SoFi, you will build and lead a world class procurement function across the company. Reporting to the EVP & Group Business Unit Leader, the Head of Procurement will architect the Procurement function at SoFi. This office will be responsible for all of the contract work that SoFi does with over 650 independent 3rd party suppliers. You will strategically align with SoFi’s legal and risk departments in this highly visible role.
What you’ll do:
Develop a companywide procurement program, purchasing, contracts, negotiations & vendor selection, including frameworks for vendor evaluation, engagement and RFP ownership.
Understand market trends and identify proper supplier expertise required to deliver plans
Conduct capital spend analysis, identify and prioritize strategic sourcing, cost-reduction opportunities and execute corresponding RFIs/RFPs and supplier negotiations as necessary
Categorize spend, measuring against quality, service, risk and cost
Perform supplier performance and SLA measurement
Negotiate to establish, measure, enforce contractual terms that protect the company from supplier failure to perform
Develop, direct, and manage overall cost reduction targets and category-level long-term strategic plans tied to business and company goals, including contracted savings
Establish cross-functional internal procurement organization process and develop internal partnerships with cross-functional teams, including Finance, Technology, Marketing, Risk, Business Development, Legal, Compliance etc.
Implement and/or leverage existing/upcoming enterprise systems to establish automated procurement requests, invoicing, and payment processes
Establish enterprise reporting standards on procurement volume by unit, spend and category/types
Evaluate and improve procurement processes, procedures and governance, ensuring continuous improvement and cost savings
Build a team of 1-3 procurement experts to handle and execute all company purchasing decisions
What you’ll need:
Bachelor's degree in Finance or Business preferred
12+ years procurement experience
Experience developing and leading high-performing teams
Skilled in establishing and maintaining relationships with key stakeholders, including suppliers, vendors, customers and colleagues
Strong analytical skills with the ability to visualize, articulate and solve complex problems and concepts
Demonstrated experience developing strategies across multiple categories including technology, marketing and logistics spend
Strong negotiation skills
Demonstrated passion and attention to detail
High standard of accountability for oneself and others
Creative and problem solver
Why you’ll love working here
Competitive salary packages and bonuses
Comprehensive medical, dental, vision and life insurance benefits
Generous vacation and holidays
Paid parental leave for eligible employees
401(k) and education on retirement planning
Tuition reimbursement on approved programs
Monthly contribution up to $200 to help you pay off your student loans
Great health & well-being benefits including: telehealth parental support, subsidized gym program
Employer paid lunch program (except for remote employees)
Fully stocked kitchen (snacks and drinks)
SoFi provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion (including religious dress and grooming practices), sex (including pregnancy, childbirth and related medical conditions, breastfeeding, and conditions related to breastfeeding), gender, gender identity, gender expression, national origin, ancestry, age (40 or over), physical or medical disability, medical condition, marital status, registered domestic partner status, sexual orientation, genetic information, military and/or veteran status, or any other basis prohibited by applicable state or federal law.
Pursuant to the San Francisco Fair Chance Ordinance, we will consider for employment qualified applicants with arrest and conviction records
SoFi does not seek salary history information from job applicants.