Avant, LLC is an online consumer lender who seeks to lower costs and barriers to borrowing for US-based consumers. They are a high growth financial technology company that utilizes online data and machine-learning algorithms to provide highly customized and streamlined credit options for middle-income borrowers. Since its inception in 2012, Avant has connected over one million customers to $6.5 billion in loans and to 200,000 credit cards. Avant has been featured in The Wall Street Journal, The New York Times, TechCrunch, Fortune, Bloomberg, and has raised over $600 million of equity capital.
Avant is headquartered in Chicago, IL. They are a privately equity-owned company with annual revenue just over $300M and they have 550 employees within the U.S.
In the two short years since its inception, the Procurement function at Avant has shown the ability to produce significant cost savings through improvements in organizational processes and close coordination with business leaders. They are aiming to expand upon this success by focusing on new cost categories and continuing to ingrain robust procurement processes into the business. The Category Manager role will provide an environment for Procurement professionals to help mature the function and be challenged with complex problems.
The Category Manager will partner with functional leaders to help design and implement category management and sourcing strategies aligned with Avant’s core objectives. An effective candidate will foster strong partnerships with business stakeholders to develop knowledge of Avant’s vendor landscape and assist in managing vendor partnerships. The individual should be knowledgeable of best-practice procurement methods and will use their expertise to contribute to the negotiation of conditions, terms, quality specifications, and aid in the development of strategic suppliers. Additionally, the candidate will have the opportunity to contribute to the roll-out of a new Source to Contract tool, Scout, helping to shape Avant’s future vendor management strategy.
This position is based in Avant’s corporate offices in Chicago, IL.
The Category Manager will report to the Head of Procurement.
KEY PERFORMANCE OBJECTIVES:
COMPENSATION & BENEFITS
Competitive compensation and benefits package commensurate with experience.