Senior Manager, Procurement

Vestwell is the financial technology company powering the new savings economy. The New York City-based fintech platform redefines how people save for the critical aspects of life across retirement, education, and healthcare savings needs. Today, Vestwell enables over 350,000 businesses and nearly 1.5 Million active savers, with over $30 billion in assets saved across all 50 United States. 

Vestwell offers a range of products, including workplace-delivered retirement plans, employer-offered student loan repayment benefits, and various savings accounts for education, emergencies, and individuals with disabilities.

Vestwell's platform serves a diverse clientele, including financial advisers, employers, third-party administrators, financial institutions, payroll providers, government agencies, and individual savers. To learn more, visit vestwell.com

Who Are We Looking For?

Vestwell is seeking a Senior Manager, Procurement to join our Finance team.  The Senior Manager of Procurement is responsible for leading and executing procurement activities to ensure the efficient, cost-effective, and compliant acquisition of goods and services. This role manages day-to-day purchasing operations, strategic sourcing initiatives, supplier selection, and contract negotiations, while enforcing procurement policies and internal controls. The Senior Manager partners closely with finance, legal, and operational stakeholders to ensure purchasing decisions align with budgetary guidelines, operational needs, and organizational standards.

In addition to operational oversight, the Senior Manager of Procurement plays a critical role in improving procurement performance and supporting business objectives. This position analyzes spend data and market trends to identify cost-saving opportunities, manages supplier relationships to drive performance and mitigate risk, and leads continuous improvement initiatives across procurement processes. 

This is a senior individual contributor role suited for someone who thrives in execution-heavy environments, brings strong judgment to complex purchasing decisions, and is comfortable partnering closely with senior leaders. You are detail-oriented, commercially minded, and capable of independently managing procurement activities end-to-end.

What Will You Be Doing?

• Own Vestwell’s day-to-day procurement function, serving as the central point of accountability for sourcing, purchasing, and vendor management.
• Lead sourcing and negotiation for software licenses, data providers, payment processors, consulting services and other providers.
• Partner closely with Legal, Compliance, Risk, Security, and Finance to ensure vendor engagements meet all company requirements.
• Oversee third-party due diligence, including SOC reports, security questionnaires, risk assessments, and ongoing vendor monitoring.
• Review, negotiate, and approve contracts.
• Ensure adherence to procurement policies, controls, and regulatory expectations.
• Track and manage SaaS spend, renewals, and usage to optimize costs and prevent overspend.
• Support budgeting and forecasting by monitoring vendor spend against approved budgets. 
• Manage vendor onboarding and offboarding processes, including coordination with IT.
• Analyze spend data to identify cost savings, vendor consolidation opportunities, and efficiency improvements.
• Address vendor performance issues, service disruptions, and escalation management. 
• Maintain accurate procurement and contract documentation to support audits and regulatory reviews.
• Identify and implement procurement tools or systems (e.g., contract management, spend analytics, intake workflows) to improve visibility and controls.
• Stay current on fintech market trends, vendor landscapes, and regulatory changes impacting third-party relationships.
• Provide procurement-related guidance and recommendations to stakeholders across the organization.
• Manage RFPs and vendor onboarding processes from intake through execution.
• Maintain accurate and organized procurement documentation, including contracts, pricing schedules, and vendor records.
• Support ad hoc procurement initiatives tied to new tools, vendors, or business priorities.

Requirements

The Necessities

• 7+ years of experience in procurement, strategic sourcing, or vendor management, ideally within fintech, SaaS, or a high-growth technology environment.
• Demonstrated success independently managing complex vendor negotiations and enterprise-level contracts.
• Strong financial acumen with experience analyzing spend, forecasting costs, and identifying savings opportunities.
• Experience partnering cross-functionally with Finance, Legal, IT, and senior business stakeholders.
• Exceptional organizational and communication skills, with the ability to balance multiple priorities and deadlines.
• Comfortable operating with a high degree of autonomy in a fast-paced, evolving environment.

The Extras

• Experience supporting procurement in regulated or compliance-driven environments.
• Familiarity with procurement systems, contract lifecycle management tools, or spend analytics platforms.
• Prior experience helping to formalize or scale procurement processes.
• Exposure to SOC, security, or vendor risk management workflows.
• Interest in mentoring or providing informal guidance to junior team members, without direct people management responsibility.
  
  

This role will be based in the New York City office, and will be part of Vestwell's hybrid in-office operation. For exceptional candidates, we're open to hiring this role fully remote.

The expected base salary range for this position is $135K - $150K base. This position is eligible to participate in the Company Bonus Pool and is eligible to receive new hire equity in the Company. Please note that salary bands are based on NY and other similar metro areas and may differ based on where the role is ultimately hired.

OUR BENEFITS

We’re an innovative, high-growth company, with lots of exciting milestones ahead. We value health and wellness at Vestwell and in addition to a dedicated Employee Wellbeing Committee, we offer competitive health coverage and generous vacation offering. We have adopted a hybrid office policy, but all employees are welcome at our bright, comfortable office with many workspace options in our Midtown Manhattan, Austin, King of Prussia, and Phoenix offices, so everyone has a setting that is the most productive for them. Oh, and naturally we have a great 401(k) plan!

OUR PROCESS

It starts the same for every candidate: getting to know the team members through 1-2 conversations about Vestwell, your experience, and your interests. Next steps can vary by role, but the usual next steps are a skill or experience screen (e.g. a coding interview for an Engineer, a portfolio review for a Designer, deeper experience call for other roles) which leads to a virtual or in-person interview panel after that if the screens go well. Before making an offer, our interview process concludes with a references check stage for your recruiter to meet with a current or former supervisor and peer. We prioritize transparency and lack of surprise throughout the process.

For your awareness you will only receive correspondence from recruiting@vestwell.com any other domain not ending in Vestwell.com is not our Recruitment team.

Vestwell’s Privacy Policy. Attention California residents: In the course of conducting our business and complying with federal, state, and local government regulations governing such matters as employment, tax, insurance, etc., we must collect Personal Information from you. Should you accept employment with Vestwell you may view our California Privacy Rights Act here: Vestwell’s California Privacy Rights Policy.