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Principal, Procurement

Monarch MoneyRemoteOperations
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Salary
$175K - $205K USD
Job type
Full-time
Work mode
Remote
Posted
16 Sept 2026
Status
Open · checked 7d ago

About this role

Monarch is seeking a remote Principal, Procurement to drive strategic sourcing, vendor management, and financial optimization across the organization. This senior individual-contributor opportunity suits an experienced procurement professional looking to shape purchasing strategies in a high-growth tech environment.

Role Overview

Monarch is hiring a Principal, Procurement to join the Finance team and manage the company-wide purchasing program. Reporting directly to the Head of Operations and Finance, this role takes charge of strategic sourcing, vendor negotiations, and technology-spend management. Working as a senior individual contributor, the person in this position will collaborate with internal teams like Engineering, Legal, Security, IT, People, and Finance to ensure that company spending scales efficiently and delivers strong economic value.

Key Responsibilities

Own and continuously improve the organization-wide procurement process, including managing system administration for platforms like Zip.
Lead strategic sourcing and complex negotiations for key vendors, leveraging market intelligence and usage data to secure favorable pricing and terms.
Build a proactive vendor-management program that provides complete visibility into contracts, renewals, utilization, and consolidation opportunities.
Collaborate with Finance, Engineering, and business units to enhance the commercial economics of SaaS, cloud, data, and AI technology spend.
Drive internal policy adoption using self-service resources and employee education while implementing automation and AI to accelerate procurement workflows.

Requirements

At least 7 years of relevant professional experience in strategic sourcing, procurement, vendor management, or technology-spend management.
Demonstrated background in owning and enhancing procurement workflows within a fast-growing technology company, such as subscription, SaaS, B2C, or fintech.
Practical experience administering a workflow platform or procurement-orchestration tool, covering intake configurations, conditional logic, and reporting.
Proven track record of sourcing and negotiating consumption-based vendor models, including cloud infrastructure, SaaS, and AI services.
Strong analytical and commercial judgment with the ability to connect utilization data to business unit economics.
Exceptional written and verbal communication skills to influence leaders and drive cross-functional decisions.
Demonstrated AI fluency, incorporating artificial intelligence into daily work and workflow redesign.

Nice to Have

Direct administrator experience with Zip or similar procurement-orchestration software.
Familiarity with Google Cloud and AWS cost structures, committed-use agreements, and cost-management tools.
Experience procuring AI models, APIs, or financial-data infrastructure.
Background in fintech, consumer subscription, or regulated tech environments.
Familiarity with legal, security, privacy, and third-party risk reviews.

Skills and Tools

Strategic Sourcing and Contract Negotiations
Vendor Management Systems and Zip Administration
SaaS, Cloud, and AI Technology Spend Management
Financial Data Analysis and Commercial Judgment
Cross-functional Communication and Stakeholder Influence
AWS and Google Cloud Cost Awareness
Artificial Intelligence Workflow Integration

Salary and Benefits

Annual base salary ranging from $175,000 to $205,000 in USD.
Fully remote work arrangement allowing employees to work from a home office, co-working space, or location of choice.
Competitive cash and equity compensation packages.
Dedicated stipend to establish an ideal remote working environment.
Comprehensive benefit plans based on location, including US medical, dental, vision, and 401k plan contributions.
Unlimited paid time off (PTO).
Monthly three-day weekends featuring the "First Friday" of every month off for rest and personal time.

About the Company

Monarch operates as an all-in-one personal finance platform designed to simplify complex financial management. Launched in 2021 and recognized as a top-recommended finance app, the company relies on a fully remote team that collaborates synchronously between 9 AM and 2 PM PT while utilizing asynchronous work models across multiple time zones.

How to Apply

Interested candidates should submit their application directly on the official company careers page to be considered for this remote role.

Skills and tech stack

AWS

Questions candidates ask

What is the salary range for the Principal, Procurement role?

The salary range is $175,000 to $205,000 USD per year.

Is this a remote position?

Yes, this is a fully remote role, and applicants can work from almost anywhere.

What level of experience is required?

Candidates must have 7+ years of relevant experience in procurement, strategic sourcing, vendor management, or technology-spend management.

What department does this role sit in?

This role sits within the Operations and Finance department.

What are the core working hours for the team?

The team primarily collaborates synchronously from 9 AM to 2 PM PT and relies on asynchronous work for different time zones.

Ready to apply?

The application is on the official Monarch Money careers page.

Apply on company site