Sr. Procurement Manager

Finance

Remote

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Rated 4.7/5

(5056 reviews)

About NEXT

Location: Remote   NEXT’s mission is to help entrepreneurs thrive. We’re doing that by building the only technology-led, full-stack provider of small business insurance in the industry, taking on the entire value chain and transforming the customer experience.    Simply put, wherever you find small businesses, you’ll find NEXT.   Since 2016, we’ve helped hundreds of thousands of small business customers across the United States get fast, customized and affordable coverage. We’re backed by industry leaders in insurance and tech, and we still have room to grow — that’s where you come in.   What You’ll Do:  <ul> <li>Contract Management: <ul> <li>Lead the review, negotiation, and finalization of complex procurement contracts to ensure alignment with company objectives, legal standards, and risk management strategies</li> </ul> </li> <li>Strategic Procurement Management: <ul> <li>Develop and implement comprehensive procurement strategies aligned with business objectives.</li> <li>Identify cost-saving opportunities and implement strategies to optimize spending.</li> <li>Manage risk and compliance with procurement policies, regulations, and standards.</li> </ul> </li> <li>System Implementation:   <ul> <li>Assist in the implementation and optimization of procurement software systems and integration with existing ERP systems.</li> <li>Oversee the selection, customization, testing, and deployment process. </li> </ul> </li> <li>Supplier Relationship Management: <ul> <li>Build and maintain strong relationships with key suppliers and stakeholders.</li> <li>Negotiate contracts to achieve favorable terms and conditions for the organization.</li> <li>Monitor supplier performance to ensure quality, timeliness, and adherence to agreements.</li> </ul> </li> <li>Operational Excellence: <ul> <li>Oversee day-to-day procurement activities, ensuring efficient and timely operations.</li> <li>Utilize data analytics to monitor procurement performance and identify improvement areas.</li> <li>Ensure proper documentation and maintenance of procurement records.</li> </ul> </li> <li>Budget and Financial Oversight: <ul> <li>Develop and manage the procurement budget.</li> <li>Analyze financial data to ensure procurement activities align with cost-saving objectives.</li> <li>Provide regular reports to senior management on procurement performance and expenditures.</li> <li>Work with the Director of Revenue Accounting to ensure compliance with Revenue Recognition accounting standards.</li> </ul> </li> </ul> What We Need:  <ul> <li>Educational Qualifications: <ul> <li>Bachelor’s degree in Business Administration, Legal, Supply Chain Management, Finance or related field.  MBA or equivalent is preferred.</li> <li>Professional certifications such as Certified Professional in Supply Management (CPSM) or Chartered Institute of Procurement & Supply (CIPS) are a plus.</li> </ul> </li> <li>Experience: <ul> <li>Minimum of 8–10 years of procurement experience</li> <li>Demonstrated success in developing and implementing procurement strategies.</li> <li>Strong experience in contract negotiation and supplier relationship management.</li> </ul> </li> <li>Technical Skills: <ul> <li>Proficient with procurement software and tools (Sudozi, Coupa, SAP Ariba, etc)</li> <li>Proficient with Contract Management tools (Ironclad, DocuSign CLM) </li> <li>Strong analytical skills with the ability to interpret and act on data insights.</li> <li>Knowledge of sourcing practices and supplier management principles.</li> </ul> </li> <li>Leadership and Communication Skills: <ul> <li>Excellent communication and interpersonal skills, with the ability to influence stakeholders at all levels.</li> <li>Strong decision-making and problem-solving abilities under pressure.</li> </ul> </li> <li>Other Attributes: <ul> <li>High degree of integrity and commitment to ethical procurement practices.</li> <li>Ability to adapt to changing business environments and priorities.</li> <li>Results-driven, with a focus on continuous improvement.</li> </ul> </li> </ul>  <div class="content-pay-transparency"><div class="pay-input"><div class="description">The range displayed on this job posting reflects the minimum and maximum target for new hire salaries for the position across all US locations. Within the range, individual pay is determined by work location and additional factors, including, without limitation, job-related skills, experience, and relevant education or training. NEXT employees are eligible to participate in our equity incentive program and will also receive our benefits package, consisting of our partially subsidized medical plan, fully subsidized vision/dental options, life insurance, disability insurance, 401(k), flexible paid time off, parental leave and more.</div><div class="title">US annual base salary range for this full-time position:</div><div class="pay-range">$110,000—$148,000 USD</div></div></div><div class="content-conclusion">  Don’t meet every single requirement? Studies have shown that some underrepresented people are less likely to apply to jobs unless they meet every single qualification. At NEXT, we are dedicated to building a diverse, inclusive and respectful workplace, so if you’re excited about this role but your past experience doesn’t align perfectly with every qualification in the job description, we encourage you to apply anyways. You may be just the right candidate for this or other roles.   One of our core values is 'Play as a Team'; this means making sure everyone has an equal chance to participate and make a difference. We win by playing together. Next Insurance is an equal opportunity employer and prioritizes building a diverse and inclusive workplace. We provide equal employment opportunities to all employees and applicants of any type and do not discriminate based on race, color, religion, national origin, gender, age, sexual orientation, physical or mental disability, genetic information or characteristic, gender identity and expression, veteran status, or other non-job-related characteristics or other prohibited grounds specified in applicable federal, state, and local laws. Next's policy is to comply with all applicable laws related to nondiscrimination and equal opportunity and will not tolerate discrimination or harassment based on any of these characteristics. This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation, and training. </div>