Procurement Manager

Stenn is one of the leading FinTechs in Europe and a category leader in the verticals and markets it operates in. Founded in 2015, Stenn’s purpose is to connect international SMEs to the global financial system, helping to bridge a reported $3.6 trillion (USD) financing gap through a fast, simple online platform. To date, Stenn has enabled over $18 billion (USD) of finance to SMEs in 3 verticals and 4 markets, with capital provided by several blue-chip banks and institutional fund managers across the globe. 

Rapid expansion continues at Stenn, as under-served SMEs seek financing solutions to manage significant macroeconomic and supply chain disruption; and this follows our $50 million Series A fundraise in 2022, valuing Stenn at $900 million.

Our HQ is in London with employees across the globe, including the USA, Europe and China. We are made up of diverse, highly skilled professionals who work in an innovative way to develop and drive our business further. Our people are empowered to work autonomously through a trusting leadership style which encourages learning.

The Role:

As our Procurement Manager you will be responsible for assessing our current purchasing and procurement practices at Stenn. It will be your responsibility to advise on our approach to implement and embed our function globally at Stenn.

• Conduct a comprehensive review of the company's current purchasing processes.
• Identify gaps, inefficiencies, and areas for improvement.
• Assess the company's procurement needs, goals, and objectives regarding risk, cost and growth.
• Provide recommendations to deliver against Stenn’s needs.

Responsibilities:

1. Comprehensive Review and Assessment:

• Conduct an in-depth analysis of current purchasing processes.
• Identify gaps, inefficiencies, and potential areas for improvement.
• Assess the company’s procurement needs, goals, and objectives regarding risk, cost, and growth.
• Provide actionable recommendations to optimize procurement practices.

1. Risk Management:

• Assess procurement-related risks and develop robust risk mitigation strategies.
• Ensure compliance with legal and regulatory requirements.

1. Stakeholder Engagement:

• Collaborate with key stakeholders, including Executive Leadership Team (ELT) and Senior Leadership Team (SLT), to understand and align with their needs.
• Establish effective communication channels to gather input and ensure collaboration across departments.

1. Procurement Policy and Procedures:

• Develop and document procurement policies and procedures tailored to Stenn’s specific needs.
• Define clear procurement roles and responsibilities within the organization.

1. Vendor Evaluation and Selection:

• Consolidate existing suppliers and identify potential risks.
• Establish comprehensive supplier evaluation criteria.
• Create a robust supplier selection process.
• Set up vendor management processes, including ongoing performance monitoring.

1. Cost Analysis and Savings:

• Conduct detailed cost analysis to identify cost-saving opportunities.
• Develop and implement strategies to negotiate better pricing and terms with suppliers.

1. Tooling and Technology:

• Evaluate and recommend procurement software or tools that align with the company's requirements.
• Oversee the implementation of procurement technology solutions as necessary.

1. Handover and Support:

• Support the recruitment of appropriate full-time employees (FTEs) for the procurement function.
• Manage the handover process to new FTEs.
• Provide ad hoc support over the following weeks as needed.

Background/Experience:

• Demonstrable experience in establishing procurement functions.
• Demonstrable experience with previous greenfield clients.
• In-depth knowledge of procurement best practices and industry trends.
• Strong negotiation, analytical, and project management skills.
• CIPS qualified.
• Bachelor’s degree in Business Administration, Supply Chain Management, or related field.
• Minimum of 5 years of experience in procurement, preferably in a global setting.
• Exceptional analytical and strategic thinking abilities.
• Excellent communication and stakeholder management skills.
• Proficiency in procurement software and tools.

We appreciate the support recruitment agencies can provide, however our in-house team do not require any 3rd party assistance at this time. 

At Stenn, we believe that every team member deserves to feel like they belong. We foster a culture of inclusivity, respect, and collaboration where everyone's unique perspectives are valued. Join us and be part of a team where you can thrive and grow, both professionally and personally.