Senior Strategic Sourcing Manager

Mission Lane is combining the power of data, technology, and exceptional service to pave a clear way forward for millions of people on the path to financial success. By attracting top talent and leveraging cutting-edge technology, we’re enabling people to unlock real financial progress. Sound like a mission you can get behind?

We’re seeking a strategic sourcing professional who is eager to roll up their sleeves and reinvent our vendor lifecycle, from initial need to contract execution and ongoing management.

The Impact You’Ll Make:

You’ll drive forward our mission of empowering people to unlock financial progress by accelerating the speed of our business, achieving significant cost savings, and transforming our contract process into a highly efficient function within your first year.

Reporting to the Head of Cross-functional Planning and Strategic Relationships, you will be the connective tissue between our business units, legal, and risk teams, refining and implementing a robust and efficient process for our contract and vendor relationships.

What You'Ll Do:

This is a build-it-and-run-it role, where you will be both the architect and the operator. While you'll define the process, you'll also be fully responsible for the day-to-day execution of the work, as a department of one.

• Process and Program Leadership: You'll reinvent the framework, define the processes, and create the templates that will govern our approach to vendor and contract management. This includes building a right-sized, agile process that doesn't create undue administrative burden.
• Strategic Consultation: You'll act as a trusted advisor and consultant to our business partners, helping them define their needs, navigate the contracting process, and understand what is reasonable to ask of a vendor. You will lead the RFP process for critical, high-investment vendors.
• Cost and Risk Mitigation: You'll proactively review our vendor portfolio to identify opportunities for cost savings and consolidate redundant services. You'll ensure we have a clear, documented rationale for selecting vendors, which is crucial for our bank sponsors and regulators.
• Problem Solver and Influencer: You will navigate complex situations, including taking the lead on negotiations. Your ability to influence and educate others on the value of our process will be critical to your success.
• Cross-Functional Partnership: You'll partner closely with legal and second-line risk teams to ensure our processes align with the established risk framework, fostering a more seamless, efficient experience for everyone involved.

Minimum Qualifications

• 7+ years of professional experience in a strategic sourcing, vendor management, or similar role.
• Direct experience with managing contracts and vendor lifecycles.
• Demonstrated ability to identify and drive cost savings and process efficiencies.
• Negotiation skills.
• Experience with contract processes is essential.

Key Competencies

• Builder Mentality: You’re excited by the challenge of reinventing a function, not just inheriting it. You can manage the present while building the future, and think strategically while also executing the daily details.
• Influence and Collaboration: You have a proven ability to influence stakeholders at all levels. You are highly collaborative, with the confidence to have a clear point of view, leading through your strategic sourcing expertise.
• Ownership and Prioritization: You can appropriately define ownership and accountability. You are self-driven and skilled at prioritizing the most important challenges.

Compensation

Annual full-time base salary range: $130,000 - $160,000 

Additional compensation in the form(s) of participation in our annual incentive program and equity are dependent on role.  Pay is based on factors such as work experience, education, certification(s), training, skills, and competencies related to the role. Mission Lane also offers a comprehensive benefits plan, which includes paid time off, 401(k) match, a monthly wellness stipend, health/ dental/ vision insurance options, disability coverage, paid parental leave, flexible spending account (for childcare and healthcare), life insurance, and a remote-friendly work environment.

About Mission Lane:

Founded in December 2018, Mission Lane is a purpose-driven fintech company based in the U.S., with headquarters in Richmond, Virginia. 

It all started with a realization:  nearly fifty percent of the adult population in the U.S. doesn’t have access to a clear line of credit. Most traditional credit card companies either overlook or overcharge this group because they have less-than-perfect credit scores or no scores at all. We decided this just wouldn’t do.

In partnership with our sponsor banks, we offer credit cards under the Mission Lane brand name, with better, clearer terms, and a more refined customer experience than the alternatives available to people working hard to improve their credit.

To date, over four million consumers have chosen Mission Lane, earning high customer ratings on Credit Karma for its market segment and industry leading Net Promoter scores. 

Mission Lane has cumulatively raised over $600 million of equity from leading investors, including Invus Opportunities, QED Investors, LL Funds, funds affiliated with Oaktree Capital Management, and other leading investors.

Interested in learning more? Check out The Mission Lane Junction for articles on culture, credit, and community, and The Mission Lane Newsroom for media mentions.

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Our commitment to a workplace built on respect and dignity is guided by our core value of Unity. We believe that everyone plays a vital role in our shared purpose, and we actively cultivate an environment where all individuals have the opportunity to do their best work. By fostering a culture of empathy and collaboration, we create a strong sense of belonging and support for every team member.

Mission Lane is an equal opportunity employer. We do not discriminate on the basis of race, color, religion, sex (including pregnancy, sexual orientation, or gender identity), national origin, age, disability, genetic information, or any other protected status.

Mission Lane provides reasonable accommodations to applicants who need them for medical or religious reasons, as required by law.  Applicants can initiate an accommodation request by contacting peopleexperience@missionlane.com.

Mission Lane is not sponsoring new applicant employment authorization and please, no third-party recruiters.