Tech & Product Strategic Sourcing Specialist

The shape of it

In the posting’s own words

Procurement is part of Stripe Finance and owns the full supplier lifecycle and buying journey. The team sources and evaluates new vendors, renews and negotiates contracts with existing suppliers, and leads third‑party risk management and compliance activities to ensure suppliers meet Stripe’s standards. Procurement also drafts, reviews, and approves supplier contract structures and terms, aligned with Stripe’s risk appetite and legal requirements.

What it asks for · 6

• A minimum of 8 years of experience in indirect sourcing, procurement, category management, or a related field
• Demonstrated ability to develop and implement strategic sourcing and category management strategies
• Proven negotiation skills and a track record of achieving significant cost savings and supplier value without compromising on quality or service
• Strong analytical and problem-solving skills, with the ability to manage and interpret complex data
• Experience in supplier contracting with a solid understanding of standard commercial terms and conditions to mitigate risks and create clear service level agreements
• Leadership and stakeholder management skills with the ability to elevate ambitions and influence cross-functional and internal team members

Also a plus

• Solution-oriented mindset with enthusiasm for establishing best practice
• Self-disciplined, diligent, proactive and detail oriented
• Comfort with a rapid pace of change, complexity, and working across matrixed functions, preferably within a fast-paced technology or financial services environment
• Strategic mindset with the ability to make sound business decisions based on data and analytics
• Understanding or experience with e-procurement tools and systems (e.g., Zip, Workday Strategic Sourcing, Oracle, etc.)
• Familiarity with the fintech industry and its supply chain and procurement challenges

What the job covers

• Develop and execute strategic sourcing plans for designated categories, identifying opportunities for cost reduction, quality improvement, and process efficiencies
• Lead supplier selection, assessment, and contract negotiation processes, ensuring compliance with Stripe's policies and risk management protocols
• Conduct market research and analysis to inform category strategies and stay ahead of industry trends
• Be an active champion across the company supporting our third party risk programs and fiscal initiatives when engaging in Procurement activities
• Deliver on strategic sourcing management goals including cost savings and spend under management, and implement any necessary process enhancements to ensure that those goals are achieved
• Evaluate existing supplier base and identify rationalization and/or RFx opportunities in partnership with business teams and Finance, allowing Stripe to maximize negotiating leverage
• Work closely with internal teams to drive enterprise-level procurement solutions and increase supplier management effectiveness
• Participate in establishing short-term and long range planning and budget development of the company to support strategic business goals
• Help to develop and execute a roadmap to build and scale an impactful Strategic Sourcing & Category Management function that Stripes recognize and value

Tools and skills named

Words the posting leans on

• supplier11×
• management10×
• procurement8×
• strategic sourcing6×
• requirements5×
• risk5×
• business4×
• contract4×
• experience4×
• negotiation4×
• category management3×
• develop3×
• ensure3×
• establishing3×
• goals3×
• meet3×

Counted from the posting after the mission statement and the legal notices are set aside. The ones near the top are the ones a screener is looking for.

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