VP, Procurement

About the role

Axos Bank Target Range: $120,000.00/Yr. - $150,000.00/Yr. Actual starting pay will vary based on factors including, but not limited to, geographic location, experience, skills, specialty, and education.

Responsibilities

• Develop sourcing strategies in conjunction with key business partners to ensure achievement of business requirements
• Develop key category strategies, including outsourced services and IT/development, in collaboration with stakeholders, to address risk, total cost, supply, etc.
• Monitor economic drivers, supply market, to assess impact to Axos
• Liaise with key internal stakeholders to determine their product and service needs; collaborate to ensure clarity of specifications and expectations are anticipated and met
• Proactively bring cost management opportunities to stakeholders
• Sources and engages reliable suppliers and vendors, and initiates business and organization partnerships
• Examines and tests existing contracts; renegotiates as required
• Leads contract negotiations planning and execution, in collaboration with internal stakeholders
• Provides counsel to key stakeholders on both key legal and business terms during contract negotiations
• Develops/vendor spend database and tracking
• Supports an improved source to pay process, including proper review of contracts by all necessary stakeholders, support coordination with Purchase Order creation
• Oversees preparation of regular management reports and spend analysis (e.g., total vendors, vendor changes, new vendors, top vendors, Open Purchase Orders, highest vendors, contract compliance, etc.) and develops/reports on key performance indicators to measure performance and internal/external customer satisfaction levels
• Tracks and reports key functional and contractual metrics to reduce expenses and improve effectiveness
• Controls spend and builds a culture of long-term savings on total cost of ownership
• Ensures contracts terms meet regulatory guidance and requirements. Ensures vendors and contracts are properly reviewed with Risk, Legal, and other stakeholders for proper due diligence

Qualifications

• Bachelor's degree in supply chain management, logistics, business administration, or relevant degree; MBA preferred
• 7+ years of procurement or related role
• Deep experience working in procurement consulting, finance shared services, and outsourcing environment including procurement with thorough understanding of accounting controls in a Sarbanes Oxley environment, and managing or oversight of multi-entity and multi-state processes, including managing external service providers and vendors
• Experience with managing RFI/RFP process for large complex categories of spend
• Experience with implementation and operational management of requisition to PO process
• Demonstrated problem solving skills with a detail-oriented mindset and able to work with complex business challenges
• Excellent analytical abilities and ability to apply mathematical concepts such as statistical data, fractions, percentages, ratios, and proportions to practical situations
• Collecting and analyzing data
• Talent in negotiations and networking
• Good leadership capabilities
• Proficient in Excel
• Banking industry preferred
• Experience with online sourcing / procurement tools is a plus