VP, Procurement

Axos Bank Target Range: $ / Yr.

- $ / Yr. Actual starting pay will vary based on factors including, but not limited to, geographic location, experience, skills, specialty, and education.

Eligible for an Annual Discretionary Cash Bonus Target: 12.5% and an Annual Discretionary Restricted Stock Units Bonus Target: 12.5%. These discretionary target bonuses may be awarded semi‑annually based on achievement of performance goals and targets.

The VP, Sr. Manager Procurement oversees the procurement process, develops and implements procurement strategies, manages supplier relationships, and ensures compliance with company policies. They analyze market trends, negotiate contracts, and lead a team of procurement professionals to optimize purchasing efficiency and cost‑effectiveness.

• 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.
• Source and engage reliable suppliers and vendors, and initiate business and organization partnerships.
• Examine and test existing contracts; renegotiate as required.
• Lead contract negotiations planning and execution, in collaboration with internal stakeholders.
• Provide counsel to key stakeholders on both key legal and business terms during contract negotiations.
• Develop vendor spend database and tracking.
• Support an improved source‑to‑pay process, including proper review of contracts by all necessary stakeholders, and coordination with Purchase Order creation.
• Oversee 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) and develop/reports on key performance indicators to measure performance and internal/external customer satisfaction levels.
• Track and report key functional and contractual metrics to reduce expenses and improve effectiveness.
• Control spend and build a culture of long‑term savings on total cost of ownership.
• Ensure contracts terms meet regulatory guidance and requirements.
• Ensure vendors and contracts are properly reviewed with Risk, Legal, and other stakeholders for proper due diligence.

• Bachelor’s degree in supply chain management, logistics, business administration, or a relevant degree; MBA preferred.
• 7+ years of procurement or related role experience.
• Deep experience working in procurement consulting, finance shared services, and outsourcing environments, including procurement with thorough understanding of accounting controls in a Sarbanes‑Oxley environment, and managing or oversight of multi‑entity and multi‑state processes.
• Experience managing RFI/RFP processes 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 ability 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.
• Talent in negotiations and networking.
• Good leadership capabilities.
• Proficient in Excel.
• Banking industry experience preferred.
• Experience with online sourcing / procurement tools is a plus.

• Medical, dental, vision, and life insurance.
• Paid sick leave.
• Three weeks' vacation and holidays (approximately 11 per year).
• HSA or FSA account and other voluntary benefits.
• 401(k) retirement savings plan with employer match program and 529 savings plan.
• Employee mortgage loan program.
• Free access to an Axos Bank account with self‑directed trading.

Axos is an Equal Opportunity employer. We are…