Senior Strategic Sourcing Manager, Mission Lane
$130-160k
Additional compensation in the form(s) of participation in our annual incentive program and equity are dependent on role
Providing access to fair and clean credit
Job no longer available
Providing access to fair and clean credit
201-500 employees
Job no longer available
$130-160k
Additional compensation in the form(s) of participation in our annual incentive program and equity are dependent on role
201-500 employees
Company mission
To revolutionize access to financial tools in credit, debit, and beyond to pave a clear way forwards for millions of Americans.
Role
Who you are
- 7+ years of professional experience in a strategic sourcing, vendor management, or similar role
- Direct experience with managing contracts and vendor lifecycles
- Demonstrated ability to identify and drive cost savings and process efficiencies
- Negotiation skills
- Experience with contract processes is essential
- Builder Mentality: You’re excited by the challenge of reinventing a function, not just inheriting it. You can manage the present while building the future, and think strategically while also executing the daily details
- Influence and Collaboration: You have a proven ability to influence stakeholders at all levels. You are highly collaborative, with the confidence to have a clear point of view, leading through your strategic sourcing expertise
- Ownership and Prioritization: You can appropriately define ownership and accountability. You are self-driven and skilled at prioritizing the most important challenges
What the job involves
- You’ll drive forward our mission of empowering people to unlock financial progress by accelerating the speed of our business, achieving significant cost savings, and transforming our contract process into a highly efficient function within your first year
- Reporting to the Head of Cross-functional Planning and Strategic Relationships, you will be the connective tissue between our business units, legal, and risk teams, refining and implementing a robust and efficient process for our contract and vendor relationships
- This is a build-it-and-run-it role, where you will be both the architect and the operator
- While you'll define the process, you'll also be fully responsible for the day-to-day execution of the work, as a department of one
- Process and Program Leadership: You'll reinvent the framework, define the processes, and create the templates that will govern our approach to vendor and contract management. This includes building a right-sized, agile process that doesn't create undue administrative burden
- Strategic Consultation: You'll act as a trusted advisor and consultant to our business partners, helping them define their needs, navigate the contracting process, and understand what is reasonable to ask of a vendor. You will lead the RFP process for critical, high-investment vendors
- Cost and Risk Mitigation: You'll proactively review our vendor portfolio to identify opportunities for cost savings and consolidate redundant services. You'll ensure we have a clear, documented rationale for selecting vendors, which is crucial for our bank sponsors and regulators
- Problem Solver and Influencer: You will navigate complex situations, including taking the lead on negotiations. Your ability to influence and educate others on the value of our process will be critical to your success
- Cross-Functional Partnership: You'll partner closely with legal and second-line risk teams to ensure our processes align with the established risk framework, fostering a more seamless, efficient experience for everyone involved
Our take
The world of credit can be a murky place, however, companies such as Mission Lane are being established to bring clarity to the industry. The fintech company aims to help people with low credit build their scores and improve their financial lives – this comprises an estimated 100 million people in the US.
Originally a spinoff from the fintech company LendUp, Mission Lane fits a similar mold to larger credit cards startups such as Petal, Tally, and Brex. It uses advanced technology and machine learning to expand credit access.
Despite the global pandemic providing an uncertain backdrop, Mission Lane saw more than 100% revenue growth in its early years. More recently, it strengthened its position in the market by expanding its partnership with Plaid, working together to offer additional connected solutions to underbanked customers. With these developments, Mission Lane remains well-positioned to drive financial inclusion and support for underserved communities.
Freddie
Company Specialist at Welcome to the Jungle
Insights
43% employee growth in 12 months
Company
Funding (last 2 of 4 rounds)
Jul 2022
$150m
LATE VC
Oct 2021
$150m
LATE VC
Total funding: $707.2m
Company benefits
- Work: Join an engaging culture with access to training programs and advancement opportunities
- Life: Get full health, dental, and vision benefits, FSA, paid parental leave, and 401k Company Match
- Balance: Enjoy generous PTO, flexible schedules, a Calm App subscription, and more
Company HQ
Gravel Hill, Richmond, VA
Leadership
Brandon Black
(CEO)Prior to Mission Lane, there worked at Encore Capital Group for over 15 years, while there they served as the COO, President, and CEO. The also served as the Vice President of Risk Operations at Capital One Financial Services for 2 years.
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