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Director, Procurement

Company Description

Are you ready to trade your job for a journey? Become a FlyMate!

Passion, excitement & global collaboration are all core to what it means to be a FlyMate. At Flywire, we’re on a mission to deliver the world’s most important and complex payments. We use our Flywire Advantage - the combination of our next-gen payments platform, proprietary payment network and vertical specific software, to help our clients get paid, and help their customers pay with ease - no matter where they are in the world.

What more do we need to truly be unstoppable? Perhaps, that is you! 

Who we are: 

Flywire is a global payments enablement and software company, delivering high-stakes, high-value payments across the global education, healthcare, travel and B2B industries.

Today, we’ve digitized payments for more than 4,000+ global clients in more than 140 currencies across 240 countries and territories around the world.  And, we’re just getting started!

With over 1,300+ global FlyMates, representing more than 40 nationalities, and in 12 offices world-wide, we’re looking for FlyMates to join the next stage of our journey as we continue to grow.

Job Description

The Opportunity:

Flywire is seeking a Director of Procurement to lead and evolve our procurement function globally. Reporting to the Vice President of Treasury, Credit Risk & Procurement, this role will spearhead the development and execution of procurement strategies, focusing on optimizing vendor relationships, driving cost efficiencies, and enhancing procurement operations.

The ideal candidate is a results-oriented leader with deep expertise in global procurement practices, strategic sourcing, and supplier relationship management. Proven expertise in leading and driving transformational initiatives within procurement functions, particularly in globally scaled and complex organizations, is essential. . This role requires a strategic thinker who can thrive in a fast-paced, growth-focused environment while delivering measurable business value.

Key Responsibilities:

  • Procurement Strategy:

    • Develop and implement a comprehensive global procurement strategy that aligns with Flywire’s business goals.

    • Leverage data and market insights to identify opportunities for cost savings, process improvements, and risk mitigation.

  • Vendor & Supplier Management:

    • Build and maintain strong relationships with vendors, ensuring favorable terms and adherence to Flywire’s standards.

    • Negotiate complex contracts for a variety of spend categories, including technology, professional services, and indirect procurement.

  • Operational Excellence:

    • Establish and refine procurement processes, policies, and systems to ensure scalability and compliance.

    • Collaborate with Finance, Legal, IT, and other key stakeholders to implement robust procurement systems (e.g., Coupa or equivalent tools).

  • Cost Optimization:

    • Identify and implement cost-reduction initiatives while ensuring quality and service standards.

    • Monitor and manage budget adherence across procurement projects.

  • Leadership & Development:

    • Build and lead a high-performing procurement team, fostering a culture of accountability, innovation, and continuous improvement.

    • Serve as a trusted advisor to Flywire’s leadership team on procurement-related matters.

Qualifications

Here’s What We’re Looking For:

  • Bachelor’s degree in Business Administration, Supply Chain Management, Finance, or related field; MBA or equivalent experience is a plus.

  • Procurement professional certification, such as CPSM, CIPS, CSP or equivalent.

  • 10+ years of progressive experience in procurement, strategic sourcing, and supplier management, preferably in a global organization.

  • Demonstrated success in building and optimizing procurement functions to support high-growth, global businesses.

  • Proven ability to negotiate complex contracts across diverse spend categories.

  • Expertise in procurement systems, tools, and reporting (e.g., Coupa, SAP, Oracle, or similar).

  • Strong analytical skills with the ability to leverage data to drive decisions and optimize procurement strategies.

  • Excellent interpersonal and communication skills, with a track record of influencing stakeholders at all levels.

  • Experience working in SaaS, FinTech, or similar industries.

Additional Information

What We Offer:

  • Competitive compensation, including Restricted Stock Units 

  • Employee Stock Purchase Plan (ESPP)

  • Flying Start - Our immersive Global Induction Program (Meet our Execs & Global Teams)

  • Work with brilliant people that will keep you on your toes, learn more about their journeys by checking out #InsideFlywire on social media

  • Dynamic & Global Team (we have been collaborating virtually for years!)

  • Wellbeing Programs (Mental Health, Wellness, Yoga/Pilates/HIIT Classes) with Global FlyMates 

  • Be a meaningful part in our success - every FlyMate makes an impact

  • Competitive time off including FlyBetter Days to volunteer in a cause you believe in and Digital Disconnect Days!

  • Great Talent & Development Programs (Managers Taking Flight – for new or aspiring managers!)

Submit today and get started!

We are excited to get to know you! Throughout our process you can expect to meet with different FlyMates including the Hiring Manager, Peers on the team, the VP of the department, and a skills assessment. Your Talent Acquisition Partner will walk you through the steps and be your “go-to” person for any questions.

Flywire is an equal opportunity employer. With over 40 nationalities across 12 different offices diversity, gender equality, and inclusion are at the core of our people agenda. We believe our FlyMates are our greatest asset, and we’re excited to watch our unique culture evolve with each new hire.

The US base salary range for this full-time position is $134,000-$191,000 plus bonus, restricted stock units and benefits. Our salary ranges are determined by role, position level, and location. The range displayed on this job posting reflects the minimum and maximum target for new hire salaries for the position across all US locations. Within the range, individual pay is determined by work location and several other factors, including job-related skills, experience, relevant education and training. Your Talent Acquisition Partner can share more about the specific salary range for your preferred location during the hiring process.

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Average salary estimate

$162500 / YEARLY (est.)
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$134000K
$191000K

If an employer mentions a salary or salary range on their job, we display it as an "Employer Estimate". If a job has no salary data, Rise displays an estimate if available.

What You Should Know About Director, Procurement, Flywire

Are you ready to take your career to new heights? Join Flywire as a Director of Procurement in beautiful Boston, MA! At Flywire, we are on a mission to redefine payments on a global scale. As a pivotal member of our team, you will lead and evolve our procurement function, working directly with our Vice President of Treasury, Credit Risk & Procurement. This isn't just about managing vendors—it's about creating strategic procurement initiatives that drive cost efficiencies and optimize our supplier relationships. We are looking for someone who has a wealth of experience in global procurement practices and a proven track record of navigating complex organizations. If you thrive in fast-paced environments, enjoy tackling transformational projects, and are passionate about leading a high-performing team, this role could be your perfect fit! You'll develop procurement strategies aligned with our business goals, refine operational processes for scalability, and collaborate with key stakeholders to implement top-notch procurement systems. Your talent for negotiation will shine as you manage various contract negotiations and ensure that we meet our quality standards. At Flywire, we believe that every FlyMate makes an impact; we value collaboration, innovation, and a dynamic spirit. If you're ready to be a game-changer in the procurement space, we invite you to apply and join us on this exciting journey!

Frequently Asked Questions (FAQs) for Director, Procurement Role at Flywire
What are the main responsibilities of the Director of Procurement at Flywire?

The Director of Procurement at Flywire is responsible for developing and implementing a comprehensive global procurement strategy. This includes optimizing vendor relationships, negotiating complex contracts across various spend categories, and establishing procurement processes that ensure scalability and compliance. The role also involves collaborating with cross-functional teams to enhance procurement operations and identifying cost-saving opportunities.

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What qualifications are needed to be eligible for the Director of Procurement position at Flywire?

To be eligible for the Director of Procurement position at Flywire, candidates should have a Bachelor's degree in Business Administration, Supply Chain Management, Finance, or a related field. An MBA or a professional procurement certification such as CPSM or CIPS is a plus. Furthermore, at least 10 years of progressive experience in procurement within a global organization is required.

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How does the Director of Procurement contribute to Flywire’s mission?

The Director of Procurement plays a crucial role in Flywire's mission by aligning procurement strategies with business goals, ensuring cost efficiency while maintaining high-quality service standards. By building strong vendor relationships and implementing data-driven decision making, this position directly supports Flywire's goal of delivering exceptional payment solutions globally.

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What skills are essential for the Director of Procurement role at Flywire?

Essential skills for the Director of Procurement at Flywire include strong analytical abilities, excellent negotiation skills, and expertise in procurement systems like Coupa or SAP. Additionally, interpersonal and communication skills are vital for influencing stakeholders at all levels and building a high-performing team committed to innovation and accountability.

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What can I expect from the recruitment process for the Director of Procurement at Flywire?

The recruitment process for the Director of Procurement position at Flywire is thorough and collaborative. Candidates can expect to meet with various FlyMates, including the Hiring Manager, team peers, and the VP of the department. There will also be a skills assessment to ensure a good fit for both the candidate and Flywire.

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Common Interview Questions for Director, Procurement
What strategies would you implement to enhance procurement operations at Flywire?

It’s best to indicate that you would start with a thorough analysis of current processes, identify inefficiencies, and leverage data analytics to drive improvements. Discuss building relationships with vendors and collaboration with other departments to create a strategic plan that aligns with Flywire's goals.

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How do you prioritize vendor relationships and manage conflicts?

Explain the importance of consistent communication and establishing clear expectations with vendors. You can mention specific strategies like regular check-ins and setting up a feedback loop to ensure issues are addressed quickly and amicably.

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Can you describe a successful cost-saving initiative you led in a previous role?

Share a specific example that quantifies your success, emphasizing your analytical approach to identify savings and the collaborative process required to implement changes. Highlight your negotiation skills and how they resulted in measurable cost benefits.

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What experience do you have with procurement systems, and how have they improved processes?

Discuss your familiarity with systems like Coupa or SAP and how you have used them to streamline procurement functions. Share examples of how these tools enhanced visibility into spend data, aided in supplier management, or automated processes.

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How do you ensure compliance with procurement policies across different departments?

Describe your approach to education and training within the organization, emphasizing the importance of clear communication regarding policies and expectations. You might also highlight the role of regular audits and feedback mechanisms.

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In your opinion, what trends will shape the future of procurement in SaaS and FinTech industries?

Talk about current trends like increased automation, the necessity for agility in supplier selection, and the importance of sustainability. Articulate how these trends align with the evolving needs of companies like Flywire.

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How would you build a high-performing procurement team?

Discuss the importance of hiring diverse talents, fostering a culture of continuous improvement, and setting clear performance metrics. Share your ideas on mentoring and professional development opportunities to enhance team skills.

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What are some key metrics you would track to monitor procurement success?

Explain you would track metrics like cost savings achieved, vendor compliance rates, procurement cycle times, and user satisfaction surveys to assess the performance of procurement initiatives and to drive future strategies.

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How do you navigate negotiations in complex contracts?

Illustrate your approach to negotiations, highlighting the value of preparation, understanding the vendor's position, and finding win-win outcomes. Mention the importance of building rapport while remaining steadfast on critical points.

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What would you consider the biggest challenge in procurement today?

Identify challenges such as supply chain disruptions or the need for digital transformation. You can talk about how adaptability and data-driven decision-making are key to overcoming these obstacles in a company like Flywire.

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Flywire ensures organizations deliver on their customers’ most important moments.

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BENEFITS & PERKS
Dental Insurance
Disability Insurance
Vision Insurance
Performance Bonus
Paid Holidays
FUNDING
DEPARTMENTS
SENIORITY LEVEL REQUIREMENT
TEAM SIZE
EMPLOYMENT TYPE
Full-time, on-site
DATE POSTED
December 14, 2024

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