Head - Procurement & Payments - FinTech/Banking

Description:

The Head of Procurement and Payment is a strategic leadership role responsible for the entire lifecycle of company spend. You will oversee everything from identifying and vetting suppliers to ensuring timely, accurate payments. The goal is to optimize the supply chain, drive cost savings, and implement seamless automated payment workflows while maintaining strict financial controls.

Key Responsibilities:

Strategic Sourcing & Procurement:

• Develop and execute a global procurement strategy to maximize value and minimize risk.

• Lead high-stakes negotiations for enterprise-level contracts and service-level agreements (SLAs).

• Conduct regular market analysis to identify emerging suppliers and cost-saving opportunities.

• Implement a "Category Management" approach to streamline spend across departments (IT, Marketing, Operations, etc.).

Payment Operations & Accounts Payable (AP):

• Oversee the end-to-end Accounts Payable function, ensuring 100% accuracy in invoice processing and vendor payments.

• Manage cash flow by optimizing payment terms (e.g., transitioning from Net-30 to Net-60 or utilizing early payment discounts).

• Ensure compliance with tax regulations (1099s, VAT, etc.) and internal audit requirements.

Process Transformation & Technology:

• Own the Source-to-Pay (S2P) technology stack (e.g., SAP Ariba, Coupa, or Oracle).

• Drive the automation of manual tasks, such as three-way matching and invoice indexing, to increase departmental efficiency.

• Develop and report on Key Performance Indicators (KPIs) such as Cost Savings, Spend Under Management, and Days Payable Outstanding (DPO).

Vendor Relationship Management (VRM):

• Build and maintain "Partner of Choice" relationships with key strategic vendors.

• Conduct annual performance reviews with top-tier suppliers to ensure quality and compliance standards are met.

Candidate Profile: Qualifications & Skills:

• Experience: 12+ years in Procurement, Supply Chain, or Finance, with at least 5 years in a senior leadership role.

• Education: Bachelors degree in Business, Finance, or Supply Chain Management. An MBA or CPSM (Certified Professional in Supply Management) is a major plus.

• Technical Savvy: Deep experience with ERP systems and automated procurement software.

• Analytical Mindset: You don't just see "costs"; you see patterns, risks, and opportunities for leverage.

• Negotiation Skills: A proven track record of reducing spend without sacrificing quality or vendor goodwill.