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Sourcing and Procurement Sr. Specialist

Acorns

Sourcing and Procurement Sr. Specialist

Acorns

Remote

·

Remote

·

Full-time

·

1w ago

Compensation

$101,700 - $106,500

Benefits & Perks

Equity

401(k)

Flexible Hours

Remote Work

Unlimited PTO

Mental Health

Learning Budget

Parental Leave

Equity

401k

Flexible Hours

Remote Work

Unlimited Pto

Mental Health

Learning

Parental Leave

Required Skills

Vendor Management

Contract Negotiation

Procurement

Excel

Project Management

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.


Sourcing and Procurement Sr. Specialist | Acorns

Acorns is seeking a Sourcing & Procurement Sr. Specialist to partner with internal stakeholders and manage end-to-end procurement activities. Reporting to the Director of Sourcing & 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 & Go Henry 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 http://www.e-verify.gov/www.e-verify.gov http://www.e-verify.gov

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About Acorns

Acorns

Acorns

Series E

Acorns is a micro-investing app that automatically rounds up purchases and invests the spare change into diversified portfolios. The platform offers automated investing, retirement accounts, and financial education tools for everyday consumers.

201-500

Employees

Irvine

Headquarters

$2B

Valuation

Reviews

3.6

2 reviews

Work Life Balance

1.0

Compensation

2.0

Culture

1.5

Career

1.5

Management

1.0

5%

Recommend to a Friend

Pros

Product learning opportunities

Application process thoroughness

Senior leadership involvement

Cons

Poor management and micromanagement

Overnight shifts causing mental exhaustion

Unrealistic and inappropriate job duties

Salary Ranges

190 data points

L2

L3

L4

L5

L6

Mid/L4

Senior/L5

L2 · Financial Analyst L2

0 reports

$112,959

total / year

Base

$45,184

Stock

$56,480

Bonus

$11,296

$79,071

$146,847

Interview Experience

8 interviews

Difficulty

2.5

/ 5

Duration

14-28 weeks

Offer Rate

25%

Experience

Positive 38%

Neutral 25%

Negative 37%

Interview Process

1

Application Review

2

Recruiter Screen

3

Technical Phone Screen

4

Take-home Assignment

5

Technical Interview with Engineer

6

Behavioral Interview

7

Senior Leadership Interview

8

Offer

Common Questions

Technical Knowledge

Coding/Algorithm

Behavioral/STAR

Past Experience

Culture Fit