Full-Time

VP/Managing Director

Procurement

Confirmed live in the last 24 hours

OneMain Financial

OneMain Financial

5,001-10,000 employees

Provides personal loans for consumers

Fintech
Financial Services

Senior, Expert

Irving, TX, USA

Flexible Hybrid schedule.

Category
Procurement & Sourcing
Operations & Logistics
Required Skills
Supply Chain Management
Coupa
Requirements
  • Bachelor’s degree in supply chain management, Business Administration, or a related field; a master's degree is strongly preferred
  • 12+ years of experience in Procurement, with at least 7 years in a senior leadership role.
  • Proven track record or developing and executing success procurement strategies in a large, complex organization.
  • Exceptional leadership and team management skills, with experience in leading and developing high performing teams.
  • Strong negotiation skills with extensive experience in managing large scale contracts and supplier relationships.
  • Excellent strategic thinking and analytical skills, with the ability to align Procurement activities with broader business objectives.
  • Superior communication and interpersonal skills, with the ability to influence and collaborate with stakeholders at all levels
  • Ability to manage complex projects and meet deadlines in a fast-paced environment.
  • Proficiency in Procurement software and tools; experience with platforms like Coupa is preferred.
  • High level of integrity and professionalism, with a commitment to ethical procurement practices.
Responsibilities
  • Develop and implement a Procurement strategy that aligns with company goals and drives cost savings, quality improvements, and innovation.
  • Lead and mentor a team of senior Procurement leaders, including the Heads of Category Management and Tactical Buying, ensuring alignment and collaboration across all Procurement activities.
  • Oversee the end-to-end Procurement process, from supplier selection and contract negotiation to performance management and risk mitigation.
  • Establish and maintain strong relationships with key suppliers, ensuring that procurement activities deliver optimal value to the company.
  • Ensure compliance with all Procurement policies, ethical standards, and legal requirements, promoting a culture of integrity and transparency.
  • Collaborate with executive leadership and cross functional teams to identify business needs and integrate them into the procurement strategy.
  • Report to senior management on Procurement performance and strategic initiatives.

OneMain Financial provides personal loans to individuals, particularly those who may not qualify for traditional banking services due to lower credit scores or financial challenges. The company offers both secured loans, which require collateral like a car or home, and unsecured loans that do not. This variety allows OneMain to meet diverse financial needs, such as debt consolidation and home improvements. Revenue is generated through interest and fees on loans, and the company also utilizes a securitization platform called Springleaf Funding Trust to bundle and sell loans as securities, ensuring a steady flow of capital for further lending. OneMain distinguishes itself from competitors by focusing on customer-centric solutions, offering personalized financial support through its extensive branch network and online resources. The goal of OneMain Financial is to provide accessible financial solutions to clients across the U.S.

Company Stage

IPO

Total Funding

N/A

Headquarters

Baltimore, Maryland

Founded

N/A

Growth & Insights
Headcount

6 month growth

4%

1 year growth

0%

2 year growth

4%
Simplify Jobs

Simplify's Take

What believers are saying

  • OneMain's acquisition of Foursight Capital expands its reach into the auto lending market, diversifying its portfolio and growth opportunities.
  • The company's Build: Credit Fundamentals education program demonstrates a commitment to financial literacy, potentially fostering long-term customer loyalty.
  • Significant investments from firms like Adage Capital Partners and Benjamin F. Edwards & Company indicate strong market confidence in OneMain's business model and growth prospects.

What critics are saying

  • Facing a class action lawsuit over alleged Military Lending Act violations could damage OneMain's reputation and financial standing.
  • The competitive consumer lending market requires continuous innovation and adaptation to maintain market share.

What makes OneMain Financial unique

  • OneMain Financial specializes in serving nonprime consumers who often lack access to traditional banking services, setting it apart from many competitors.
  • The company's securitization platform, Springleaf Funding Trust, provides a unique method of capital generation through bundling and selling loans as securities.
  • OneMain's extensive branch network across 44 states enhances its customer-centric approach, offering personalized financial solutions both online and offline.

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