Upstart

Our mission is to enable effortless credit based on true risk.

Head of Procurement

ProcurementProcurementFull TimeRemoteTeam 1,001-5,000Since 2012H1B SponsorCompany SiteLinkedIn

Location

United States

Posted

52 days ago

Salary

$184.5K - $255.4K / year

Bachelor Degree10 yrs expEnglishCloudCyber Security

Job Description

• Develop and lead a clear, scalable procurement strategy aligned with Upstart’s business priorities, cost goals, and risk frameworks. • Champion a unified, user-friendly procurement experience that minimizes friction and maximizes cross-functional collaboration. • Drive transformation of procurement workflows and Procurement systems configuration, ensuring end-to-end ownership and accountability. • Establish procurement as a key business partner across departments through data-driven insights, reliability, and proactive service. • Guide sourcing strategy across all major categories: Technology (SaaS, cloud, software), Engineering, Marketing, HR, Professional Services, and Risk. • Partner closely with FP&A and budget owners to influence planning, forecasting, and tradeoff decisions and deliver on cost savings and cost avoidance goals. • Advocate for the Sourcing team with their work with Business teams to shape demand, build sourcing plans, and deliver value beyond cost (speed, quality, security, sustainability). • Negotiate complex enterprise contracts with a focus on optimizing commercial, legal, and cybersecurity terms. • Partner with Legal and InfoSec to streamline standard templates and review paths for faster execution. • Build a comprehensive supplier governance program—from onboarding and due diligence to performance monitoring and renewals in alignment with applicable financial services regulations. • Ensure alignment with SOX, internal audit standards, and public company reporting requirements. • Lead efforts to expand and diversify Upstart’s supplier base while ensuring operational continuity. • Lead, coach, and develop a growing team of procurement professionals. • Foster a culture of accountability, agility, continuous improvement, and strong business partnership. • Promote learning and development in areas like category strategy, negotiation, and vendor relationship management.

Job Requirements

  • Bachelor’s degree in Business, Supply Chain, Finance or a related field; MBA or advanced degree preferred.
  • 10+ years of progressive procurement leadership experience, including 5+ years managing complex indirect spend in a tech-forward or regulated environment (e.g., FinTech, financial services, SaaS).
  • Experience leading procurement in a public company and working across cross-functional compliance frameworks (Legal, Security, Risk, Finance, TPRM).
  • Demonstrated success in transforming, standardizing, and digitizing procurement processes—including intake, approvals, contract lifecycle, and supplier performance.
  • Strategic thinker with hands-on execution skills—able to toggle between big-picture vision and operational detail.
  • Deep expertise in strategic sourcing, contract negotiation, and category management.
  • Strong knowledge of SOX controls, vendor risk, and the regulatory nuances of working in a public company.
  • Exceptional stakeholder management skills—able to influence and partner across all levels, from ICs to executives.
  • Collaborative leader with high integrity, a builder’s mindset, and a passion for enabling great work through great systems.
  • Strong process mapping and optimization mindset.

Benefits

  • Competitive Compensation (base + bonus & equity)
  • Comprehensive medical, dental, and vision coverage with Health Savings Account contributions from Upstart
  • 401(k) with 100% company match up to $4,500 and immediate vesting and after-tax savings
  • Employee Stock Purchase Plan (ESPP)
  • Life and disability insurance
  • Generous holiday, vacation, sick and safety leave
  • Supportive parental, family care, and military leave programs
  • Annual wellness, technology & ergonomic reimbursement programs
  • Social activities including team events and onsites, all-company updates, employee resource groups (ERGs), and other interest groups such as book clubs, fitness, investing, and volunteering
  • Catered lunches + snacks & drinks when working in offices

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