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Strategic Sourcing Specialist
2 months ago
About Stripe
Stripe is a financial infrastructure platform for businesses. Millions of companies—from the world’s largest enterprises to the most ambitious startups—use Stripe to accept payments, grow their revenue, and accelerate new business opportunities. Our mission is to increase the GDP of the internet, and we have a staggering amount of work ahead. That means you have an unprecedented opportunity to put the global economy within everyone’s reach while doing the most important work of your career.
About Finance Operations
The Finance Operations (FinOps) team provides and enhances core business services that are the backbone for Stripe. FinOps uses data and operational excellence to deliver technology solutions, procurement, billing and payroll services, strategic sourcing, and supplier relationship management to Stripe.
About Procurement
Global Procurement, which is part of Stripe's Finance Operations (FinOps), is responsible for the entire buying journey, from sourcing new suppliers or renewing engagements with existing ones to facilitating purchase order approvals, paying valid supplier invoices, and managing Stripe's travel and expense program. The team also reviews and advises on contract structures and terms, conducts risk assessments to ensure suppliers meet Stripe's standards, and onboards suppliers for secure payment processing.
What you’ll do
We're looking for a Sourcing Specialist to join our growing team. In this role you will play a crucial role in supporting the global strategic sourcing events and category management while collaborating with cross functional teams. You will be responsible for conducting market research, gathering supplier information, developing sourcing strategies, and facilitating sourcing events to optimize the company's spend and drive value. This role requires strong analytical skills, attention to detail, and the ability to work collaboratively with cross-functional teams.
Responsibilities
The responsibilities for this role include but are not limited to the following:
RFx event support:
Draft RFx documents for specific projects in collaboration with global category managersPrepare RFx communications, scoring templates, summaries, and other supporting documents
Prepare and retain RFx project documentation for historical record
Execute NDAs for RFx events
Lead regional RFx projects when needed
Benchmarks / Rates:
Conduct initial category-specific market researchAnalyze rate submissions from Suppliers with industry benchmarks
Develop supplier profiles with data sourced from resources like Tropic, Pitchbook, other internal tools, and publicly available data
Lead regional rate card negotiations when needed
Contracting:
Contract analysis to inform category strategies and/or individual transaction strategiesData cleanup on renewal dates, termination notice periods, and other relevant sourcing metadata in the Contract database
Setup and execute proactive tracking of SLA violations and ensure appropriate processes are initiated to claim any possible service credits/refunds
General Support:
Monitor procurement process and manage escalations for sourced deal transactionsWork closely with internal teams to drive enterprise-level procurement solutions and increase supplier management effectiveness
Participate in establishing short-term and long-range planning and budget development of the company to support strategic business goals
Help to develop and execute a roadmap to build and scale an impactful Strategic Sourcing & Category Management function that Stripe recognizes and values
Who you are
We’re looking for someone who meets the minimum requirements to be considered for the role. If you meet these requirements, you are encouraged to apply. The preferred qualifications are a bonus, not a requirement.
Minimum requirements:
A minimum of 7+ years of experience in indirect sourcing, procurement, category management, or a related fieldStrong understanding of procurement principles and supply chain management
Strong experience in negotiations and achieving significant cost savings and supplier value without compromising on quality or service
Experience in supplier contracting with an understanding of standard commercial terms and conditions to mitigate risks and create clear service level agreements
Excellent communication and interpersonal skills, with the ability to convey complex information in an understandable way
Strong analytical and problem-solving skills with a keen eye for detail
Strong organizational skills and the ability to manage multiple priorities in a dynamic, fast-paced environment
A team player with a proactive attitude and the ability to work independently when required
Demonstrated experience successfully partnering with cross-functional stakeholders
You will also likely have (not required):
Familiarity with the fintech industry and its supply chain and procurement challengesEducational background in Business, Economics, Supply Chain, or related fields
Procurement and supply chain certification like CPSM, CSCP, CPPM, CIPS, etc.
Understanding or experience with e-procurement tools and systems (e.g., Zip, Agiloft CLM, etc.)
Experience with ERP systems (e.g., Oracle) is preferred
The ability to be flexible and comfortable with changing requirements
A builder's mindset and a willingness to question assumptions and conventional wisdom
A passion for creating new systems and solving problems via infrastructure and automation
In-office expectations
Office-assigned Stripes in most of our locations are currently expected to spend at least 50% of the time in a given month in their local office or with users. This expectation may vary depending on role, team and location. For example, Stripes in our Bucharest, Romania site have an 80% in-office expectation, and those in Stripe Delivery Center roles in Mexico City, Mexico and Bengalaru, India work 100% from the office. Also, some teams have greater in-office attendance requirements, to appropriately support our users and workflows, which the hiring manager will discuss. This approach helps strike a balance between bringing people together for in-person collaboration and learning from each other, while supporting flexibility when possible.
Pay and benefits
Stripe does not yet include pay ranges in job postings in every country. Stripe strongly values pay transparency and is working toward pay transparency globally.
