Procurement Specialist

Socket.dev; New York, Stamford (NY, CT); On-site; USD 120,000 - 200,000; Full time

Benefits offered by this job

Fully-paid health care benefits

Generous parental and family leave

Mental and physical wellness programs

Volunteer opportunities

Non-profit matching gift program

Support for employee-led affinity grou

Tuition assistance

401(k) employer match

Job summary

Point72’s Finance team seeks an experienced procurement professional to own end-to-end technology sourcing and high-value SaaS agreements. You will negotiate with major vendors, review complex contracts, and build cases for technology investments that optimize cost and risk.

You will collaborate with Legal, Technology, and Finance to align procurement decisions with governance, and lead the contract lifecycle from execution to renewal, ensuring favorable terms and compliant processes.

Qualifications

• 5+ years of procurement or strategic sourcing experience focused on software/SaaS/technology
• Bachelor's degree or higher in a relevant field
• Experience negotiating SaaS and software agreements including enterprise license agreements
• Strong contract review skills covering renewals, price escalators, IP, data-use rights, and audits
• Experience leading full competitive sourcing processes (scoping, supplier engagement, evaluation, selection, award)

Responsibilities

• Own end-to-end technology procurement for Point72, shaping high-value agreements
• Lead negotiations for SaaS subscriptions, enterprise licenses, and professional services with major vendors
• Identify key terms on renewals, price changes, data portability, audits, SLAs, and service commitments
• Benchmark pricing and commercial structures to strengthen negotiation strategies
• Build total cost of ownership analyses and business cases for stakeholders
• Structure deals to align commitments with forecasted usage and priorities
• Manage contract lifecycle, renewal planning, amendments, and statements of work
• Monitor spend, supplier performance, market conditions, and renewal timelines for savings
• Partner with Legal, Technology, Finance, and stakeholders to align procurement with governance and risk management

Skills

Procurement strategy

SaaS contract negotiation

Contract review

Sourcing processes

Financial modeling (Excel)

Spend analytics

Education

Bachelor's degree in business, finance, economics, law, supply chain management, or related analytical discipline

Tools

Excel

Job description

A Career with Point72’s Finance Team

The Finance team provides a broad range of timely, accurate, relevant, and objective financial information, advice, and services to its business partners, with commitment to the highest professional and ethical standards. Our team offers a dynamic and collaborative environment where our colleagues can learn at a fast pace and are rewarded with advanced opportunities both within Finance and across the firm.

What you’ll do

• Own end-to-end technology procurement for Point72, shaping high-value agreements that support the firm’s technology strategy
• Lead negotiations for SaaS agreements, enterprise software subscriptions, enterprise license agreements, and professional services contracts with major technology vendors
• Identify and redline key contract terms covering automatic renewals, price escalators, data portability, audit rights, service-level agreements, and service commitments
• Benchmark pricing and commercial structures to strengthen negotiation strategies, support vendor decisions, and identify cost optimization opportunities
• Build total cost of ownership analyses and business cases that help stakeholders evaluate trade-offs, risks, and long-term value
• Structure technology deals that align commitments with forecasted usage, business priorities, risk considerations, and future operating needs
• Manage the technology contract lifecycle, including execution, repository accuracy, renewal planning, amendments, and statement of work oversight
• Monitor technology spend, supplier performance, market conditions, and renewal timelines to identify savings, cost avoidance, and vendor optimization opportunities
• Partner with Legal, Technology, Finance, and other stakeholders to align procurement decisions with governance, regulatory requirements, and commercial risk management

What’s required

• 5+ years of procurement or strategic sourcing experience, with the majority focused on software, SaaS, or technology categories
• Bachelor's degree in business, finance, economics, law, supply chain management, or a related analytical discipline
• Experience in financial services, investment management, or another regulated environment, procurement certifications, or procurement platform experience
• Proven experience independently negotiating SaaS and software agreements, including enterprise license agreements, subscription contracts, and professional services statements of work
• Strong contract review skills, including redlining commercial and legal provisions covering automatic renewals, price escalators, intellectual property, data-use rights, and audit clauses
• Experience leading full competitive sourcing processes, including scoping, supplier engagement, evaluation, selection, and award
• Deep understanding of SaaS commercial models, including per-seat, concurrent-user, consumption-based, outcome-based, and enterprise license structures
• Solid grounding in procurement principles, including category management, total cost of ownership analysis, benchmarking, cost modeling, and supplier performance management
• Strong analytical skills, including experience working with spend data, building Excel-based cost models, and presenting commercial analysis to senior stakeholders

We take care of our people

We invest in our people, their careers, their health, and their well‑being. When you work here, we provide:

• Fully-paid health care benefits
• Generous parental and family leave policies
• Mental and physical wellness programs
• Volunteer opportunities
• Non-profit matching gift program
• Support for employee-led affinity groups representing women, minorities and the LGBT+ community
• Tuition assistance
• A 401(k) savings program with an employer match and more

About Point72

Point72 is a leading global alternative investment firm led by Steven A. Cohen. Building on more than 30 years of investing experience, Point72 seeks to deliver superior returns for its investors through fundamental and systematic investing strategies across asset classes and geographies. We aim to attract and retain the industry's brightest talent by cultivating an investor-led culture and committing to our people's long‑term growth. For more information, visit https://point72.com/.

The annual base salary range for this role is $120,000-$200,000 (USD), which does not include discretionary bonus compensation or our comprehensive benefits package. Actual compensation offered to the successful candidate may vary from posted hiring range based upon geographic location, work experience, education, and/or skill level, among other things.