Associate Director/Director, Procure to Pay

Company: Verve Therapeutics
Location: Boston
Posted on: October 31, 2024

Job Description:

Associate Director/Director, Procure to PayVerve is a clinical-stage genetic medicines company established with a mission to solve the global health epidemic of cardiovascular disease. Founded by world-leading experts in cardiovascular medicine, human genetics and gene-editing, Verve is pioneering a new approach to the care of cardiovascular disease, potentially transforming treatment from chronic management to single-course gene editing medicines. The company's initial three programs - VERVE-101, VERVE-102, and VERVE-201 - target genes that have been extensively validated as targets for lowering low-density lipoprotein cholesterol (LDL-C), a root cause of cardiovascular disease. VERVE-101 and VERVE-102 are designed to permanently turn off the PCSK9 gene in the liver and are being developed initially for heterozygous familial hypercholesterolemia (HeFH) and ultimately to treat atherosclerotic cardiovascular disease (ASCVD) patients not at goal on oral therapy. VERVE-201 is designed to permanently turn off the ANGPTL3 gene in the liver and is initially being developed for homozygous familial hypercholesterolemia (HoFH) and ultimately to treat patients with refractory hypercholesterolemia. In 2023, Verve was named a Top Place to Work by The Boston Globe for the third consecutive year. Verve is headquartered in Boston, Massachusetts.The PositionThe Associate Director or Director, Procure to Pay will manage the processes of sourcing through to payment for goods and services, covering the entire process of ordering through payment. This individual will manage competitive negotiations to drive the best value for Verve Therapeutics. This role will have oversight over accounts payable metrics and ensure timely vendor payments. This position will also be responsible for managing and cultivating vendor relationships and updating procurement and purchasing policies and procedures as needed.This is a hybrid role and requires 3-days in our Boston office. We are considering local candidates at this time.Job Responsibilities

• Works closely with each function to lead, oversee and coordinate the negotiation strategies / efforts and processes on purchase agreements and vendor selection that results in quality, delivery, and cost effectiveness.
• Partners with departments to understand purchasing needs and ensure adequate funds are available.
• Manages supplier relationships including developing and tracking of key performance indicators for the category of spend, facilitating key/strategic supplier-company business meetings, and supporting key operational due diligence efforts.
• Develops strong working knowledge of spend management platform and works closely with systems consultants to continuously improve and automate new features.
• Develops and maintains Verve's purchasing policy; ensuring our practices are in alignment and the policy is reflective and facilitates the needs of the business.
• Strategic oversight of the Accounts Payable function enabling streamlined processes and optimized workflow.
• Ensure timely and accurate payments to vendors, including vendor onboarding and resolution of escalation issues.
• Oversee and properly maintain vendor records as well as required annual reporting for vendor IRS filings.
• Managerial responsibilities for a team including oversight of day-to-day work assignments and performance, mentoring, providing feedback, and training team members.
• Other duties as assigned.Qualifications
  • Bachelor's degree in finance, accounting, economics, business, or a related field.
  • At least 9 years of relevant strategic sourcing and purchasing experience with at least 4 years' experience within the biotech industry.
  • Experience managing the accounts payable process.
  • Comprehensive knowledge of strategic sourcing best practices and proven negotiation skills.
  • Hands-on system-related skill, including Coupa or similar platform.
  • Solid analytical skills and solution-driven thinking; collects and researches data; uses intuition and experience to complement data.
  • Identifies and resolves problems in a timely manner; develops alternative solutions; works well in group problem solving situations; presents ideas and information in a manner that gets others' attention.
  • Demonstrated communication and teamwork capabilities and the ability to work well across the organization.
  • Strong project management skills, including the ability to prioritize, balance and manage multiple efforts with strong results/goal orientation.
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Keywords: Verve Therapeutics, Newton , Associate Director/Director, Procure to Pay, Executive , Boston, Massachusetts