Sourcing and Procurement Sr. Specialist

Sourcing and Procurement Sr. Specialist

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, Make Bold Decisions, Always Build Trust, Never Stop Growing, and Find a Way. These 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.

Acorns is seeking a Sourcing and Procurement Sr. Specialist to partner with internal stakeholders and manage end-to-end procurement activities. Reporting to the Director of Sourcing and Procurement, you’ll drive strategy, negotiation, vendor management, contract reviews, and proposal analysis—primarily in Software, with additional exposure to Marketing, Services, and Infrastructure. You’ll also have the opportunity to support leadership on key sourcing initiatives.

You’re right for the position if you thrive in fast-paced environments and can balance big-picture strategy with attention to detail. You’re resourceful, solutions-oriented, and bring fresh ideas to complex challenges. A strong collaborator and negotiator, you take pride in your work, adapt quickly, and are committed to delivering results that raise the bar.

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

What You’ll Do At Acorns

• Build expertise in Acorns’ vendors, tools, systems, and procurement processes
• Streamline vendor onboarding/offboarding, maintain the vendor master list, and manage contract archives
• Oversee purchase requisitions, purchase orders, renewals, and termination notices to ensure timely execution
• Partner with stakeholders, Finance, and AP to align on budgets, resolve vendor/PO/invoice issues, and maximize cost efficiency
• Collaborate with GH UK to negotiate global vendor contracts and drive process improvements
• Identify opportunities to leverage AI in procurement workflows and led implementation efforts
• Create and maintain contract summaries, vendor scorecards, renewal reports, and risk committee reporting
• Serve as an administrator for procurement and contract systems (workflows, approvals, user permissions, updates)
• Coordinate vendor risk assessments, QBRs, and other critical vendor management activities
• Identify and address gaps in procurement policies, processes, and systems to drive continuous improvement

What You Will Bring To Acorns

• BS/BA in Business or related field
• 4+ years of experience in procurement, sourcing, vendor management, finance, consulting, technology, business development, partnerships, sales, or a related field
• Strong vendor management skills, including performance evaluation, contract negotiation, and procurement policy execution
• Ability to quickly build trust and collaborate across internal teams and external partners
• Project management expertise with a focus on resource planning, timelines, and delivering measurable results
• Solid understanding of commercial contracts, legal terminology, accounting principles, cost analysis, ROI, and Total Cost of Ownership
• Skilled at balancing multiple projects in a fast-paced environment, both independently and as part of a team
• Proficiency in Excel
• Workday and/or Zip experience is considered a plus
• Problem-solver with solution-oriented attitude
• Thirst for delivering 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

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 (Ongoing training sessions, development plans, development check-ins, Cornerstone’s online training platform)
• Roots Leadership Program for Emerging Leaders
• Community week onsite gatherings and various virtual events
• Talented and motivated team members who care deeply about one another, our mission, and our customers.
• The rare opportunity to create a new world. We inspire one another every day to do meaningful work that solves big societal challenges.

About Acorns

Acorns is a financial wellness app that helps everyday people and families save and invest money for the long term. Since 2014, Acorns has grown into a global company with multiple life-stage products serving the needs of kids, teens, adults, and parents. Named one of Time’s “World’s Best Brands of 2024,” Acorns has helped over 14 million people save & invest over $25 billion dollars, much of it from spare change and small amounts.

Compensation Information

The pay range for this position at commencement of employment is expected to be between $101,700 and $106,500/year; however, base pay offered may vary depending on multiple individualized factors, including market location, job-related knowledge, skills, and experience. The total compensation package for this position may also include other elements, including a sign-on bonus, equity grants, and discretionary cash bonus awards in addition to a full range of medical, financial, and/or other benefits (including 401(k) eligibility and various paid time off benefits, such as vacation, sick time, and parental leave), dependent on the position offered. Details of participation in these benefit plans will be provided if an employee receives an offer of employment. If hired, employee will be in an “at-will position” and the Company reserves the right to modify base salary (as well as any other discretionary payment or compensation program) at any time, including for reasons related to individual performance, Company or individual department/team performance, and market factors.

Work Authorization

Acorns participates in E-Verify to confirm the employment eligibility of all newly hired employees. For more information about E-Verify, please visit www.e-verify.gov

Key skills/competency

• Procurement
• Sourcing
• Vendor Management
• Contract Negotiation
• Cost Efficiency
• Project Management
• Financial Analysis
• Workflow Optimization
• Policy Improvement
• Stakeholder Collaboration