Procurement, Buyer



Accounting & Finance, Operations
Posted on Tuesday, August 29, 2023

About Upstart

Upstart is a leading AI lending marketplace partnering with banks and credit unions to expand access to affordable credit. By leveraging Upstart's AI marketplace, Upstart-powered banks and credit unions can have higher approval rates and lower loss rates across races, ages, and genders, while simultaneously delivering the exceptional digital-first lending experience their customers demand. More than two-thirds of Upstart loans are approved instantly and are fully automated.

Upstart is a digital-first company, which means that most Upstarters can live and work anywhere in the U.S. We also have offices in San Mateo, California; Columbus, Ohio; and Austin, Texas.

Most Upstarters join us because they connect with our mission of enabling access to effortless credit based on true risk. If you are energized by the impact you can make at Upstart, we’d love to hear from you!

The Team

Upstart’s Procurement team is made up of Procurement Operations, Supplier Management, and Strategic Sourcing verticals. These groups are responsible for developing policies/processes, negotiating deals that provide goods/services at the best possible price, implementing tools and systems that will aid in the automation of the procurement function, and collaborating with various teams to minimize third party risk.

As a Buyer at Upstart, you will have responsibility for guiding users through the Procure- to-Pay (P2P) process and ensure that all controls are followed resulting in minimal risk while ensuring a great customer experience.

Position Location - This role is available in the following locations: Remote, San Mateo

Time Zone Requirements - This team operates on the West/East Coast time zones.

Travel Requirements - This team has regular on-site collaboration sessions. These typically occur 3 days per Quarter at the San Mateo office. If you need to travel to make these sessions, Upstart will cover all travel related expenses.

How you’ll make an impact:

  • First line of support for end users in the Procure-to-Pay process. This involves guiding end users through purchase requisition submission, creation of purchase orders, provide training, and fielding questions.
  • Monitor requests entered by users to ensure requests are moving towards closure, collaborating with Subject Matter Expert (SME) groups on stale requests, communicating with end users and escalating to management where necessary.
  • Ensure compliance with procurement policies and procedures for all purchases
  • Report out on metrics for the Procurement Operations area of responsibility
  • Maintain and support new and legacy data included in Procurement’s database
  • Process POs
  • Create dashboards and swim lane process flow documentation
  • Conduct pricing negotiations for low risk purchases
  • Supports the company’s Supplier Diversity initiatives
  • Manages Docusign requests for execution of agreements

What we’re looking for:

  • Minimum requirements:
    • 2 years prior experience within an indirect procurement function
    • Prior experience working as a Buyer in a Procure-to-Pay platform(s)
    • Analytical skills and ability to interpret and manipulate data from various sources
    • Detailed oriented and ability to execute
    • Ability to work and collaborate across all levels
    • Working knowledge of GSuite and/or Microsoft Suite applications
    • Working knowledge of contract management systems
    • Ability to effectively communicate both verbally and in written form
    • Ability to work efficiently in a fast-paced, hyper-growth environment
    • Team player and self-starter with a can-do attitude
  • Preferred qualifications:
    • Bachelor’s degree in Finance, Business, Supply Chain or equivalent line of business
    • 2+ years in an indirect procurement function
    • Extensive experience with ZIP Procure-to-Pay System, Workday Strategic Sourcing (formerly ScoutRFP)

What you'll love:

  • Competitive Compensation (base + bonus & equity)
  • Comprehensive medical, dental, and vision coverage with Health Savings Account contributions from Upstart
  • 401(k) with 100% company match up to $4,500 and immediate vesting and after-tax savings
  • Employee Stock Purchase Plan (ESPP)
  • Life and disability insurance
  • Generous holiday, vacation, sick and safety leave
  • Supportive parental, family care, and military leave programs
  • Annual wellness, technology & ergonomic reimbursement programs
  • Social activities including team events and onsites, all-company updates, employee resource groups (ERGs), and other interest groups such as book clubs, fitness, investing, and volunteering
  • Catered lunches + snacks & drinks when working in offices



At Upstart, your base pay is one part of your total compensation package. The anticipated base salary for this position is expected to be within the below range. Your actual base pay will depend on your geographic location–with our “digital first” philosophy, Upstart uses compensation regions that vary depending on location. Individual pay is also determined by job-related skills, experience, and relevant education or training. Your recruiter can share more about the specific salary range for your preferred location during the hiring process.

In addition, Upstart provides employees with target bonuses, equity compensation, and generous benefits packages (including medical, dental, vision, and 401k).

United States | Remote - Anticipated Base Salary Range
$76,000$105,000 USD

Upstart is a proud Equal Opportunity Employer. We are dedicated to ensuring that underrepresented classes receive better access to affordable credit, and are just as committed to embracing diversity and inclusion in our hiring practices. We celebrate all cultures, backgrounds, perspectives, and experiences, and know that we can only become better together.