Senior Manager, Sourcing & Procurement

About this role

At Acorns, our mission is to look after the financial best interests of the up-and-coming, beginning with the empowering, proud step of micro-investing. How do we accomplish our mission? Our values.

Lead With Heart - With compassion, integrity, and tenacity, inspire yourself and others to move past all previous thresholds of possibility

Make Bold Decisions - We are creating a new world. Be optimistic, adventurous, and courageous. Leap fearlessly into the future

Always Build Trust - Say what you mean, mean what you say, and do what you say you’re going to do. We are all owners. We are one team

Never Stop Growing - Change IS the constant. Stay hungry and curious. Be relentless in the pursuit of progress

Find a way - Never settle, no excuses, nothing is impossible. Just make it happen

Our values guide us, and our mission drives us. Come join us and help deliver financial wellness for the whole family, putting the tools of wealth-making into everyone’s hands.

SENIOR MANAGER, SOURCING & PROCUREMENT | ACORNS

Acorns is seeking a Senior Manager, Sourcing & Procurement to lead our company-wide sourcing and purchasing model across all third-party spend. You will oversee end-to-end category strategy, vendor management, and intake workflow operations, partnering closely with Finance, Enterprise IT, Engineering, InfoSec, Legal, Compliance, and business owners across Marketing, Product, and Operations to drive commercial value, operational reliability, and risk oversight across all lifecycle stages.

Acorns is a remote-first organization, offering the flexibility to work remotely while providing optional access to office space in Irvine, CA.

WHAT YOU WILL DO AT ACORNS:

- Own and enhance Acorns’ existing third-party management program, covering planning, intake, evaluation, contracting, and lifecycle management of all third-party engagements. Evaluate current policy, processes, and procedures, redesign where needed, and establish defined accountability at each stage. Partner with Enterprise IT, Engineering, InfoSec, Legal, Compliance, Finance, and business owners across Marketing, Product, and Operations.

- Lead commercial negotiations, contract structuring, and renewals across all indirect and strategic spend, securing competitive pricing, terms, and service levels.

- Develop and run category strategies across technology, marketing, product, operations (including data, KYC/identity and customer support), professional services, and corporate functions (including legal and compliance tools).

- Own company-wide intake and procurement workflows and supporting automation, bringing Enterprise IT, InfoSec, and Compliance in during planning and evaluation, before vendor selection or commitment.

- Drive spend segmentation, RFPs, market analysis, vendor consolidation, and multi-year category plans.

- Mature the risk-tiered sourcing framework to meet SEC, FINRA, and bank-partner expectations, including inventorying, auditing, and benchmarking strategic suppliers against commercial, operational, security, and regulatory standards for each tier

- Enhance spend analytics, benchmarking, and executive reporting to identify savings and forecast procurement needs.

- Directly manage, mentor, and develop one team member, providing ongoing coaching, performance feedback, and guidance to support their professional growth and successful execution of sourcing and procurement priorities.

WHAT YOU WILL BRING TO ACORNS:

- 10+ years of progressive experience in strategic sourcing, enterprise procurement, or vendor management within high-growth technology or financial services environments.

- Proven track record negotiating complex, multi-year enterprise SaaS software agreements, marketing and agency agreements, professional services contracts, and strategic third-party vendor partnerships.

- Hands-on experience developing category strategies, running structured RFPs, consolidating vendor bases, and executing multi-year spend plans.

- Exceptional communication, negotiation, and stakeholder management skills with a collaborative, customer-centric approach.

- Expertise in spend management and procurement intake tools (including Zip and Brex).

- Experience executing cross-functional third-party risk management (TPRM) frameworks.

- Familiarity with technical concepts (architecture, integration, security, SLAs, uptime, incident response) sufficient to partner credibly with Engineering and Enterprise IT and translate technical requirements into commercial terms.

- Deep financial acumen with demonstrated experience driving measurable cost savings, total cost of ownership (TCO) reductions, and risk mitigation.

- Bachelor’s degree in Business, Supply Chain, Finance, or a related field (or equivalent practical experience).

- Hunger to deliver game-changing products

- Exceptional drive and precision in delivery

- A belief that your work is tied to your life's mission

- Optimistic about the potential of societal change

- 2+ years of people management experience

- Demonstrated experience motivating, supporting, and developing team members to meet performance expectations and build their careers

- Ability to align company vision and organizational goals with team execution

- Commitment to upholding policy and procedures per company standards

- Own strategic decision-making and effectively communicate direction to team members

You are not expected to have experience with all listed requirements. If you feel passionate about Acorns' mission, vision, and values, please apply.

WHAT WE OFFER:

- Competitive salary and stock options

- A comprehensive benefits package for you and your family

- Flexible work location, hours, and paid time off

- 401(k) matching

- Monthly Acorns account contribution & GoHenry account for your family

- Mindfulness and Financial Wellness resources, Headspace and Addition Wealth

- Acorns Career Development Program…