Sprout Social is looking to hire a Procurement Manager to join the Finance team. This position will work in tandem with our Accounting, Legal and IT department and will manage the procurement of Sprout’s goods and services. You will lead our contract administration, managing our vendor relationships, and strategic sourcing. You’ll partner with stakeholders across our teams from supplier discovery and identifying renewals to contract signing. If you enjoy relationship driven work, are a tactful negotiator, master record keeper, workflow conductor, and thought leader, we want to grow with you.

Why join Sprout’s Finance team?

As a member of Sprout’s finance team, you’ll help better position Sprout for future growth while maintaining compliance and integrity at the highest level. No matter your role, everyone on the team has the opportunity to be a part of creating best-in-class processes and practices that can scale with the organization. Our team is unique because we value transparency and direct ownership of responsibilities—meaning, you’ll always have our trust to help contribute to our overall goals and success as a department and organization.

What you’ll do

• Manage the procurement of Sprout’s goods and services.
• Collaborate and consult with subject matter experts on our Legal, IT, and other Finance support teams.
• Strengthen and mature our intake-to-procure process to ensure alignment between Sprout’s policies, legal requirements, and compliance controls for new and renewing vendors.
• Be a relationship manager for both internal stakeholders and external suppliers, championing transparency and prioritizing efficiency throughout the procurement process.
• Increase awareness and education to stakeholders about our procurement practices and policies across the company.
• Analyze departmental budgets, pricing structures, manage multiple sources of information and viewpoints and propose meaningful recommendations.
• Work toward automating our standard practices and renewal procedures
• Guide in the strategic selection of suppliers and contract negotiations for new and renewing contracts who are aligned with our policies and values.

What you’ll bring

The minimum qualifications for this role include:

• 5+ years in procurement or related experience.
• Excellent negotiation and communication skills to work with partners at all levels internally and externally.
• Experience independently performing expense analyses and cash flow modeling for different pricing scenarios.

Preferred qualifications for this role include:

• Experience with Netsuite.
• Implementation and/or administration of a contract lifecycle management or procure-to-pay tool (e.g. SAP Ariba, Zip).
• Project management experience.
• Experience in applying ESG standards to vendors.

How you’ll grow

Within 1 month, you’ll plant your roots, including:

• Complete Sprout’s New Hire training program alongside other new Sprout team members. You’ll gain a broader understanding of our organization.
• Partner with the Director of Finance to set initial priorities and expectations for your role.
• Start building relationships with Accounting, IT, and Legal leadership as well as across the broader Sprout organization.
• Performing the first line of review of contracts for system and security, and legal requirements.
• Ensuring control compliance and efficiently progress work flow processes. 
• Assisting our Accounting team in performing reconciliations between contracts and invoices.

Within 3 months, you’ll start hitting your stride by:

• Running reporting and perform outreach to stakeholders and initiate contract renewals.
• Be a steward of the company’s budget, determine funding and track procurement expenses. 
• Performing expense analyses and cash flow modeling.
• Confirming alignment between Sprout’s policies, legal requirements, and compliance controls for new and renewing vendors.
• Creating reporting to track procurement activities and expenses.
• Auditing and organizing our records to ensure they are complete and accurate.
• Applying data and insights to inform conclusions, develop solutions and recommendations. 

Within 6 months, you’ll be making a clear impact through:

• Collaborating with contract owners and peers to implement a request for proposal, fair bidding and contracting processes.
• Conducting supplier audits to identify opportunities to streamline solutions and tooling, and tracking vendor accreditations. 
• Analyzing vendor spend to provide insight on changes and deviations and update expense forecasts. 
• Participating in the development of performance metrics and reporting on them monthly.

Within 12 months, you’ll make this role your own by:

• Meeting or exceeding savings targets, risk management and other performance targets.
• Evaluating the return of investment of our contracts.
• Assisting in budget cycle, providing reporting and guidance for continuing and new investments.
• Maturing our procurement strategy to align with our policies and compliance requirements, promote supplier diversity, equity and inclusion, and introduce automation to best meet our business needs.
• Being a strategic advisor and subject matter expert, providing solutions for our sourcing needs and creating standards in negotiating contractual arrangements.

Of course what is outlined above is the ideal timeline, but things may shift based on business needs and other projects and tasks could be added at the discretion of your manager.

Our Benefits Program

We’re proud to regularly be recognized for our team, product and culture. Our benefits program includes:

• Insurance and benefit options that are built for both individuals and families
• Progressive policies to support work/life balance, like our flexible paid time off and parental leave program 
• High-quality and well-maintained equipment—your computer will never prevent you from doing your best
• Wellness initiatives to ensure both health and mental well-being of our team
• Ongoing education and development opportunities via our [email protected] program and  employee-led diversity, equity and inclusion initiatives.
• Growing corporate social responsibility program that is driven by the involvement and passion of our team members
• Beautiful, convenient and state-of-the-art offices in Chicago’s Loop and downtown Seattle, for those who prefer an office setting

Whenever possible, Sprout wants to provide our team with the flexibility to work in the location that makes the most sense for them. Sprout maintains a remote workforce in many places in the United States. However, we are not set up in all states, so please look at the drop-down box in our application to see whether your state is listed. Few roles require an office setting. If your position requires a physical presence in a Sprout office, it will be evident in the job listing and your offer letter.

The base pay range for this role is $68,000 to $102,000 USD annually. Individual base pay is based on various factors, including relevant experience and skills, the responsibility of the role, and job duties/requirements. In addition to base pay, some Sales and Success roles can earn sales incentives. 

Sprout’s compensation ranges are intentionally broad to allow for our team members’ growth within their role. These ranges were determined by a market-based compensation approach; we used data from trusted third-party compensation sources to set equitable, consistent and competitive ranges. We also evaluate compensation bi-annually, identify any changes in the market and make adjustments to our ranges and existing employee compensation as needed.

Base pay is only one element of an employee’s total compensation at Sprout. Every Sprout team member has an opportunity to receive restricted stock units (RSUs) under Sprout’s equity plan. Employees (and their dependents) are covered by medical, dental, vision, basic life, accidental death, and dismemberment insurance, and Modern Health (a wellness benefit).  Employees are able to enroll in Sprout’s company’s 401k plan, in which Sprout will match 50% of your contributions up to 6% with a maximum contribution. Sprout offers “Flexible Paid Time Off” and ten paid holidays. We have outlined the various components to an employee’s full compensation packagehere to help you to understand our total rewards package.

Sprout Social is proud to be an Equal Opportunity Employer and an Affirmative Action Employer. We do not discriminate based on identity- race, color, religion, national origin or ancestry, sex (including sexual identity), age, physical or mental disability, pregnancy, veteran or military status, unfavorable discharge from military service, genetic information, sexual orientation, marital status, order of protection status, citizenship status, arrest record or expunged or sealed convictions, or any other legally recognized protected basis under federal, state, or local law. Learn more about our commitment to diversity, equity and inclusion in our 2021 DEI Report.

If you need a reasonable accommodation for any part of the employment process, please contact us by email at [email protected] and let us know the nature of your request and your contact information. We’ll do all we can to ensure you’re set up for success during our interview process while upholding your privacy, including requests for accommodation. Please note that only inquiries concerning a request for reasonable accommodation will be responded to from this email address.

For more information about our commitment to equal employment opportunity, please click here (1) Equal Opportunity Employment Poster  (2) Sprout Social’s Affirmative Action Statement (3) Pay Transparency Statement. 

When you apply for employment with Sprout Social, we will process your job applicant data, including your employment and education history, transcript, writing samples, and references as necessary to consider your job application for open positions. For more information about our privacy practices please visit our Privacy Policy. California residents have additional rights and should review the Additional Disclosures for California Residents section in our Privacy Policy.

Additionally, Sprout Social participates in the E-Verify program in certain locations, as required by law. 

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