Head of Global Procurement
Block has an exciting career opportunity for a Head of Global Procurement that will be responsible for driving the procurement vision and strategy, working cross functionally to enable procurement from initial request though final delivery, contract negotiation, and execution, as well as ongoing vendor performance management. The procurement lead will be responsible for key sourcing categories that have a current annual spend of over $2B across Block’s global operations. The position will manage strategic and tactical sourcing, the buyer function, procurement operations and third party risk management.
This role is an opportunity for a highly motivated individual with a demonstrated background in procurement and supplier management capable of both hands-on individual contribution and strong leadership in a dynamic fast paced environment. The individual must demonstrate highly effective collaboration internally and externally, have a passionate focus on success, commitment to continuous improvement and a relentless drive to win. The role will proactively develop, maintain and execute plans for our supplier portfolio and in collaboration with our business partners be primarily responsible for managing the ‘cradle to grave’ vendor management lifecycle. Key responsibilities will include partnering with business partners to select third party service providers, vendor due diligence, support business acquisitions, conduct risk assessments and support compliance audits, successfully negotiate business contracts and SLAs, leverage vendor relationships, report exceptions, conduct QBRs with strategic vendors and oversee ongoing vendor monitoring. The successful candidate must have strong analytical and communication skills and a proven ability to build relationships with senior level stakeholders across the organization to ensure overall alignment of objectives and priorities. The position will report to the Chief Accounting Officer.
The primary responsibilities include:
Continue to build and scale a world-class global procurement team to support Block’s growth
Oversight of the daily operations of the Global Procurement functions (Strategic Sourcing, Buyers, Procurement Operations, TPRM) and serve as a hands-on leader that understands and performs the daily tactical and strategic functions as necessary
Driving continuous improvement in source to pay processes and development of requisite process improvement activities in sourcing and vendor management expertise across the Company
Lead the procurement team in designing and delivering the team’s strategic global vision on sourcing, negotiating, and supplier partnerships
Build strong relationships with key stakeholders including compliance, finance, accounting, finance business systems and internal business partners to identify, understand and fulfill their requirements
Continually exploring new technologies in partnership with Business Technology to optimize performance, efficiency, and transparency to stakeholders
Partner across the business units to develop and execute strategies for spend categories
Proactively collaborating with business partners and stakeholders to lead contract negotiation with suppliers; develop negotiation approaches, fallback positions and acceptable terms and conditions through contract completion and identify key benchmarks to measure contractual arrangements
Educate stakeholders on the sourcing processes and how procurement can add value
Lead and set strategy for supplier contract negotiations and supplier rationalization plan to optimize existing vendors to deliver cost reduction, supply assurance, quality improvement, innovation and increased vendor utility
Review existing contracts and understand business requirements; formulate guidelines and design standard vendor contract protocols
Identifying risks associated with key vendors and manage and monitor supplier performance against negotiated SLA and MSA terms
Refinement of procurement policy to establish a preferred vendor list that addresses financial viability, compliance with company policies and procedures, industry regulations and business continuity plans
Establishing vendor life-cycle strategy to oversee planning, sourcing and selection of new vendors, manage data for vendor performance and manage vendor off-boarding and transition
Requesting and/or assisting in the development of corrective action plans to address non-compliance by key vendors
Streamline procurement and sourcing processes and procedures, driving controls, visibility and efficiency
Development of financial analytics to support commercial term negotiations with performance dashboards and ROI based evaluation tools
Establish, measure, and report on team OKRs, KPIs and global procurement strategy
Creation and presentation of financial analysis to include total costs, business case development, cost modeling, cash flow analysis and impact to annual operating plans
Identification and realization of cost-saving and cost-reduction opportunities and build a culture of long-term savings on procurement costs without compromising supply assurance or quality
Creation and maintenance of the appropriate workplace culture to demonstrate effective people leadership, setting clear performance standards, delivering feedback and coaching team members
Direct and oversee sourcing and procurement professionals, including training, mentoring and ensuring professional development
Maintenance of a global procurement training program for both internal customers and vendors
Supporting internal and external audit, SOX compliance and due diligence requests as necessary
Supporting other ad hoc projects as needed, such as procurement integration due to M&A
Creation, maintenance and development of relationships within the vendor community
15+ years of strategic sourcing, procurement or vendor management experience; in a high growth technology environment preferred
5+ years in head-of-function leadership capacity with the proven ability to hire, develop and mentor staff members
Must be comfortable building an organization and department in its entirety
Strong management skills, including communicating, directing, planning, organizing and problem solving
Exceptional negotiating skills, along with a strong presence and ability to influence others, including senior leadership
Strong communication and project management to demonstrate project status, key actions, risks and opportunities
Self-directed, able to work independently, as well as work in a team-orientated and dynamic environment
Nimble with ability to take decisive action to address business needs that meet corporate business objectives
Superior interpersonal and presentation skills with proven track record of success in prior roles
Demonstrated quantitative and analytical skills to problem solving with a focus on managing within a team environment with strong attention to detail and sense of urgency
Proactively work to resolve performance issues with assigned suppliers to ensure effective and timely resolution
Ability to successfully leverage technology and financial systems to extract and analyze data
Bachelor’s degree from an accredited top tier university preferably in Procurement, Supply Chain Management, Business Administration, Commerce, Economics or related field. MBA/advanced technical degree preferred
Block takes a market-based approach to pay, and pay may vary depending on your location. U.S. locations are categorized into one of four zones based on a cost of labor index for that geographic area. The successful candidate’s starting pay will be determined based on job-related skills, experience, qualifications, work location, and market conditions. These ranges may be modified in the future.
Zone A: USD $245,100 - USD $299,500
Zone B: USD $245,100 - USD $299,500
Zone C: USD $245,100 - USD $299,500
Zone D: USD $245,100 - USD $299,500
To find a location’s zone designation, please refer to this resource. If a location of interest is not listed, please speak with a recruiter for additional information.
Benefits include the following:
- Healthcare coverage
- Retirement Plans including company match
- Employee Stock Purchase Program
- Wellness programs, including access to mental health, 1:1 financial planners, and a monthly wellness allowance
- Paid parental and caregiving leave
- Paid time off
- Learning and Development resources
- Paid Life insurance, AD&D. and disability benefits
- Perks such as WFH reimbursements and free access to caregiving, legal, and discounted resources
This role is also eligible to participate in Block's equity plan subject to the terms of the applicable plans and policies, and may be eligible for a sign-on bonus. Sales roles may be eligible to participate in a commission plan subject to the terms of the applicable plans and policies. Pay and benefits are subject to change at any time, consistent with the terms of any applicable compensation or benefit plans.
We’re working to build a more inclusive economy where our customers have equal access to opportunity, and we strive to live by these same values in building our workplace. Block is a proud equal opportunity employer. We work hard to evaluate all employees and job applicants consistently, without regard to race, color, religion, gender, national origin, age, disability, veteran status, pregnancy, gender expression or identity, sexual orientation, citizenship, or any other legally protected class.
We believe in being fair, and are committed to an inclusive interview experience, including providing reasonable accommodations to disabled applicants throughout the recruitment process. We encourage applicants to share any needed accommodations with their recruiter, who will treat these requests as confidentially as possible. Want to learn more about what we’re doing to build a workplace that is fair and square? Check out our I+D page.
Additionally, we consider qualified applicants with criminal histories for employment on our team, assessing candidates in a manner consistent with the requirements of the San Francisco Fair Chance Ordinance.
Block, Inc. (NYSE: SQ) is a global technology company with a focus on financial services. Made up of Square, Cash App, Spiral, TIDAL, and TBD, we build tools to help more people access the economy. Square helps sellers run and grow their businesses with its integrated ecosystem of commerce solutions, business software, and banking services. With Cash App, anyone can easily send, spend, or invest their money in stocks or Bitcoin. Spiral (formerly Square Crypto) builds and funds free, open-source Bitcoin projects. Artists use TIDAL to help them succeed as entrepreneurs and connect more deeply with fans. TBD is building an open developer platform to make it easier to access Bitcoin and other blockchain technologies without having to go through an institution.