Vimeo is looking for a Procurement Manager to join our Finance team and take ownership of procurement, vendor management and the day to day ownership of operating expenses. In this role, you will assist Finance leadership and actively partner with all current vendor managers on the procurement process relating to new or renewing vendor relationships. This role is highly visible within Vimeo and requires a comprehensive understanding of each functional area so as to leverage available analysis and insights into each and every vendor contract that Vimeo enters into and dollar we spend.

What you'll do:

  • Evaluate and improve Vimeo’s overall approach to procurement:
    • Develop a procurement strategy across Vimeo to deliver targeted benefits and financial savings, ensure Vimeo has the most favorable rates and terms, and work with Legal through the execution of the contract
    • Evaluate and improve the processes and systems for effective procurement
    • Interface with department heads and associated stakeholders to support their strategic objectives, as well as to identify and prioritize cost-savings and efficiency opportunities cross functionally
  • Build and leverage a strong supplier network:
    • Develop a clear and consistent RFP (Request for Proposals) process for all supplier negotiations
    • Develop strategies and identify risks associated with the main purchasing categories that support the business needs
    • Conduct regular category reviews to drive improved outcomes for the business
    • Harness vendor expertise, as well as conduct due diligence on technology trends that provide solutions to meet the company’s changing business needs and/or requirements
    • Define and manage key supplier relationships to deliver breakthrough performance in cost, service and quality
  • Negotiations and vendor management:
    • Conduct RFP’s and use sourcing tools (i.e., bid processes, benchmarks, or competitive market data) to drive savings, company efficiencies, and service improvements
    • Lead the negotiations on nearly all Vimeo vendor contracts and partner with senior leadership on select high value, strategic relationships
    • Partner with IAC and its affiliates in cross collaborative negotiations with shared vendors
    • Respond to and address vendor service and/or quality related issues to mitigate negative impact on the company and operating metrics
  • Own and manage monthly expense reporting:
    • Own and manage the monthly budget vs. actuals meetings with leadership and their respective teams
    • Own the master Operating Expense model and partner with Accounts Payable on monthly accruals ensuring all expenses and proper timing is accounted for in the monthly close
    • Own the annual budgeting process as it relates to Operating Expenses across Vimeo
    • Produce regular reports on performance and provide comprehensive management information and in-depth analysis when requested, including spend analysis, savings secured and potential savings

Skills & knowledge you should possess:

  • Minimum of 5+ years of progressive responsibility in procurement and vendor management with strong operational background and demonstrated expertise managing rapid scale
  • Bachelor’s degree required; procurement continuing education a plus
  • Experience working with and procuring for technology companies
  • Core understanding of software and technology licensing, SaaS, seat/usage based models, etc
  • Excellent negotiation skills and willingness to be aggressive with vendors of all sizes
  • Strong business and financial acumen and deep understanding of contracts and legal terms
  • Strong verbal and written communication skills, and impeccable attention to detail   
  • Ability to influence people without a direct reporting relationship; executive presence required
  • Develop strong partnerships with Accounts Payable and Legal teams
  • Ability to multi-task, work under pressure and meet tight deadlines
  • Highest level of personal integrity in handling privileged and confidential information

About us:

At Vimeo, our mission is to empower video creators to tell exceptional stories and connect with their audiences and communities. Home to more than 90 million members in over 150 countries, Vimeo is the world’s largest ad-free open video platform, providing powerful tools to host, share and sell videos in the highest quality possible.

We work hard to enable creators of all kinds to succeed, and to that end, we prioritize attracting diverse talent and cultivating an inclusive environment that encourages collaboration and creativity. We’re committed to building a company and a community where people thrive by being themselves and are inspired to do their best work every day.

Vimeo is based in New York City, with additional offices in Europe and India. Vimeo is an operating business of IAC (NASDAQ: IAC). Learn more at www.vimeo.com.

 

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