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For Companies At a Glance
- Tasks: Lead sourcing strategies for professional services and drive cost-saving initiatives.
- Company: Join Paysafe, a global leader in payment solutions with a dynamic culture.
- Benefits: Competitive salary, flexible work options, and opportunities for professional growth.
- Why this job: Make a real impact in a fast-paced environment while innovating sourcing strategies.
- Qualifications: 10+ years in strategic sourcing with strong negotiation skills required.
- Other info: Hybrid role based in Jacksonville or London with excellent career advancement potential.
The predicted salary is between 48000 - 72000 ÂŁ per year.
About Paysafe
Paysafe is a leading payments platform with an extensive track record of serving merchants and consumers in the global entertainment sectors. Its core purpose is to enable businesses and consumers to connect and transact seamlessly through industry‑leading capabilities in payment processing, digital wallet, and online cash solutions. With 29 years of online payment experience, an annualized transactional volume of $152 billion in 2024, and approximately 3,000 employees located in 12+ countries, Paysafe connects businesses and consumers across 260 payment types in 48 currencies around the world. Delivered through an integrated platform, Paysafe solutions are geared toward mobile‑initiated transactions, real‑time analytics and the convergence between brick‑and‑mortar and online payments.
Summary
The Indirect Sourcing Director is responsible for developing and executing sourcing strategies across all professional services categories, including managed services, consulting, advisory, audit, tax, legal, and specialized services. This role ensures cost optimization, supplier innovation, and favorable business terms that deliver measurable value to the organization. This hybrid position can be based in our Jacksonville, FL or London, UK office and requires three days per week on site.
Core Competencies
- Expertise in professional services procurement across multiple categories
- Deep strategic sourcing, cost optimization, and competitive bidding expertise
- Procurement leadership and vendor management expertise
- Expert negotiation and commercial contract management skills
- Financial acumen including working capital optimization
- Supplier relationship management and performance management
- Trusted advisor to business stakeholders
- Cross‑functional collaboration and engagement expertise
- Strategic thinker and ability to drive innovation
Key Responsibilities
- Develop and implement sourcing strategies for professional services categories: managed services, consulting, advisory, audit, tax, legal, and specialized services.
- Conduct market analysis and benchmarking to identify cost‑saving opportunities and innovative solutions.
- Negotiate contracts inclusive of favorable business terms such as working capital optimization, performance‑based incentives, and risk‑sharing mechanisms.
- Build and maintain trusted advisor relationships with business stakeholders.
- Manage strategic relationships with professional services firms and providers.
- Work in concert with Vendor Management and Risk teams to implement supplier performance management.
- Partner with internal organizations in Finance, Legal, and Compliance to align sourcing strategies with business objectives.
- Ensure adherence to regulatory requirements and company policies.
- Work collaboratively with Supplier Risk Management.
- Lead continuous improvement initiatives and support governance frameworks.
Measurements
- Cost Savings: Achieve annual cost reduction targets (e.g., 10‑20% hard and soft savings).
- Working Capital Impact: Improve cash flow through optimized payment terms and discount programs.
- Supplier Performance: Maintain compliance and quality standards via SLAs and KPIs.
- Contract Compliance: Ensure 100% adherence to negotiated terms.
- Innovation: Introduce supplier strategies (e.g., consolidations, new providers that improve client and stakeholder experience).
- Stakeholder Satisfaction: Via net‑promoter scores and other tools, receive positive feedback from business community on sourcing expertise, partnership, and responsiveness.
Education & Qualifications
- Bachelor’s degree in Business Administration, Supply Chain Management, Finance, or related field.
- 10+ years of experience in strategic sourcing or procurement, with at least 5 years in professional services category leadership.
- Strong negotiation and contract management skills, including working capital strategies.
- Experience managing professional services categories such as consulting, audit, tax, and legal.
- Preferred: Master’s degree (MBA or equivalent).
- Professional certifications: CPSM, CSCP, or equivalent.
- Working knowledge of use of AI.
Equal Employment Opportunity
Paysafe provides equal employment opportunities to all employees, and applicants for employment, and prohibits discrimination of any type with regard to ethnicity, religion, age, sex, national origin, disability status, sexual orientation, gender identity or expression, or any other protected characteristics. This policy applies to all terms and conditions of recruitment and employment. If you need any reasonable adjustments please let us know. We will be happy to help and look forward to hearing from you.
Indirect Sourcing Director employer: Paysafe
Contact Detail:
Paysafe Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Indirect Sourcing Director
✨Tip Number 1
Network like a pro! Reach out to your connections in the industry, attend relevant events, and don’t be shy about asking for introductions. We all know that sometimes it’s not just what you know, but who you know that can land you that dream job.
✨Tip Number 2
Prepare for interviews by researching Paysafe and its competitors. Understand their services and recent developments. We want you to show up with insights that demonstrate your knowledge and passion for the role of Indirect Sourcing Director.
✨Tip Number 3
Practice your negotiation skills! As an Indirect Sourcing Director, you’ll need to showcase your ability to negotiate favourable terms. We suggest role-playing with a friend or mentor to refine your approach and boost your confidence.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who take the initiative to engage directly with us.
We think you need these skills to ace Indirect Sourcing Director
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Indirect Sourcing Director role. Highlight your experience in strategic sourcing and procurement, especially in professional services. We want to see how your skills align with what we're looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for this role at Paysafe. Share specific examples of your negotiation successes and how you've driven cost savings in previous positions.
Showcase Your Strategic Thinking: In your application, demonstrate your ability to think strategically. Discuss how you've developed and implemented sourcing strategies in the past, and how you can bring that expertise to our team at Paysafe.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows us you're keen on joining our team!
How to prepare for a job interview at Paysafe
✨Know Your Sourcing Strategies
Before the interview, brush up on your knowledge of sourcing strategies specific to professional services. Be ready to discuss how you've developed and executed these strategies in the past, especially in areas like consulting and legal services.
✨Showcase Your Negotiation Skills
Prepare examples that highlight your negotiation prowess. Think about times when you secured favourable terms or optimised working capital. This role requires strong contract management skills, so be ready to demonstrate your expertise.
✨Understand the Business Landscape
Familiarise yourself with Paysafe's business model and the payment processing industry. Knowing their core purpose and how they connect businesses and consumers will help you align your answers with their goals during the interview.
✨Build Relationships
Emphasise your experience in building trusted advisor relationships with stakeholders. Prepare to discuss how you've collaborated cross-functionally in previous roles, particularly with teams in Finance, Legal, and Compliance.
