Sr. Procurement Manager

Posted 2 Days Ago
Be an Early Applicant
Hiring Remotely in USA
Remote
110K-148K Annually
Senior level
Fintech • Insurance
Next Insurance provides affordable and customizable policies to small business owners.
The Role
The Sr. Procurement Manager will lead contract management, develop comprehensive procurement strategies, manage supplier relationships, oversee procurement activities, and provide budget oversight. This role requires strong negotiation skills and analytical capabilities to optimize procurement processes and align them with business objectives.
Summary Generated by Built In

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: 

  • Contract Management:
    • Lead the review, negotiation, and finalization of complex procurement contracts to ensure alignment with company objectives, legal standards, and risk management strategies
  • Strategic Procurement Management:
    • Develop and implement comprehensive procurement strategies aligned with business objectives.
    • Identify cost-saving opportunities and implement strategies to optimize spending.
    • Manage risk and compliance with procurement policies, regulations, and standards.
  • System Implementation:  
    • Assist in the implementation and optimization of procurement software systems and integration with existing ERP systems.
    • Oversee the selection, customization, testing, and deployment process.
  • Supplier Relationship Management:
    • Build and maintain strong relationships with key suppliers and stakeholders.
    • Negotiate contracts to achieve favorable terms and conditions for the organization.
    • Monitor supplier performance to ensure quality, timeliness, and adherence to agreements.
  • Operational Excellence:
    • Oversee day-to-day procurement activities, ensuring efficient and timely operations.
    • Utilize data analytics to monitor procurement performance and identify improvement areas.
    • Ensure proper documentation and maintenance of procurement records.
  • Budget and Financial Oversight:
    • Develop and manage the procurement budget.
    • Analyze financial data to ensure procurement activities align with cost-saving objectives.
    • Provide regular reports to senior management on procurement performance and expenditures.
    • Work with the Director of Revenue Accounting to ensure compliance with Revenue Recognition accounting standards.

What We Need: 

  • Educational Qualifications:
    • Bachelor’s degree in Business Administration, Legal, Supply Chain Management, Finance or related field.  MBA or equivalent is preferred.
    • Professional certifications such as Certified Professional in Supply Management (CPSM) or Chartered Institute of Procurement & Supply (CIPS) are a plus.
  • Experience:
    • Minimum of 8–10 years of procurement experience
    • Demonstrated success in developing and implementing procurement strategies.
    • Strong experience in contract negotiation and supplier relationship management.
  • Technical Skills:
    • Proficient with procurement software and tools (Sudozi, Coupa, SAP Ariba, etc)
    • Proficient with Contract Management tools (Ironclad, DocuSign CLM) 
    • Strong analytical skills with the ability to interpret and act on data insights.
    • Knowledge of sourcing practices and supplier management principles.
  • Leadership and Communication Skills:
    • Excellent communication and interpersonal skills, with the ability to influence stakeholders at all levels.
    • Strong decision-making and problem-solving abilities under pressure.
  • Other Attributes:
    • High degree of integrity and commitment to ethical procurement practices.
    • Ability to adapt to changing business environments and priorities.
    • Results-driven, with a focus on continuous improvement.


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.

US annual base salary range for this full-time position:

$110,000$148,000 USD


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.

The Company
HQ: Palo Alto, CA
651 Employees
Hybrid Workplace
Year Founded: 2016

What We Do

The needs of business owners have significantly changed over the past decade, the insurance industry hasn’t. When you’re running your own business, you’re placing a huge bet on yourself. Your ideas, your passion, your blood, sweat and tears define your success. Next Insurance was created to give your business the coverage it deserves. Simple, affordable and tailored. So no matter what you do, no matter how you define success, we’re right there, next to you. Behind our groundbreaking AI-based technology there are hundreds of us. Data scientists, insurance advisors, product managers, designers & more. We are passionate about helping businesses achieve their goals & are committed to serve the needs of business owners. Even our three founders started their path as small business owners so they have been there and are committed to supporting the journey of your business.

Why Work With Us

Next Insurance is looking for explorers who are filled with curiosity, have the desire to travel the unbeaten path, and realize new heights in providing small business owners with the peace of mind to run their businesses. If you move fast, customer-focused, and willing to challenge the status quo, Next Insurance might just be your next journey.

Gallery

Gallery

Similar Jobs

MetroStar Logo MetroStar

Sr. Procurement Manager (5554)

Information Technology • Consulting
Remote
USA
250 Employees
Remote
3 Locations
5395 Employees
Remote
3 Locations
1200 Employees

ecoATM Gazelle Logo ecoATM Gazelle

Sr. Manager, Indirect Strategic Sourcing & Procurement

eCommerce • Retail • Software • Automation
Remote
USA
376 Employees

Similar Companies Hiring

EDGE Thumbnail
Software • Fintech • Financial Services • Analytics
Chicago, IL
20 Employees
Bectran, Inc Thumbnail
Software • Machine Learning • Information Technology • Fintech • Automation • Artificial Intelligence
Schaumburg, IL
51 Employees
MassMutual India Thumbnail
Insurance • Information Technology • Fintech • Financial Services • Big Data
Hyderabad, Telangana

Sign up now Access later

Create Free Account

Please log in or sign up to report this job.

Create Free Account