Senior Procurement Manager

We’re on a mission to make migration easy. We started building Marshmallow in 2017. Since then, we’ve grown from 3 to 700+ people, gained unicorn status, raised ~£140M over three funding rounds, turned profitable, insured millions of drivers and lent millions in car loans. But we’re only just getting started. Our goal is to become one of the largest financial services providers in the world. Over the next 10 years we’ll grow exponentially, not only by scaling our existing products, but also by building new ones. To achieve our goals we need incredibly ambitious, commercially driven people who never settle for ‘good enough’. Marshmallowers are hungry for autonomy and ownership, and would rather improve than coast. Everyone raises standards and has an impact, with a focus on collective success over self-interest. We’ve created an environment where curious, tenacious people win and grow together. If that sounds motivating, this could be the place for you. This is a rare opportunity for a commercially sharp procurement professional to build something from the ground up. We're an insurance and Car Finance business that has grown quickly, and our procurement function hasn't kept pace — spend is fragmented, supplier relationships are informal, and there are few consistent processes or controls in place. We're looking for someone who thrives in ambiguity, has the confidence to challenge the status quo, and gets genuine satisfaction from creating order out of chaos. You'll be the first dedicated procurement hire, which means you'll have real autonomy — and real accountability — to shape how we buy across the business. Whilst procurement is the primary focus of the role, the Senior Procurement Manager will also support the management of key partnerships (alongside the Partnerships Manager). London (hybrid, 3 days in office) Please note we are not in a position to offer sponsorship and/or a visa for this position. What you’ll be doing - Build the foundation Design and implement a procurement framework that's fit for purpose — covering policy, approval controls, supplier onboarding, purchase-to-pay processes procurement tool operationalization and spend visibility. This isn't a theoretical exercise; we need something practical that people will actually use. - Own commercial negotiations Lead negotiations with key suppliers across categories including [e.g. professional services, technology, facilities, logistics]. You'll be expected to drive meaningful cost savings and improved contract terms, not just manage existing arrangements. - Drive cross-business engagement Work closely with department heads and budget holders to understand their needs, challenge unapproved and unnecessary spend, and bring structured thinking to how we procure that sits within budget guardrails. You'll need to build credibility quickly and influence without always having formal authority. - Establish governance and controls Introduce appropriate approval workflows, delegation of authority set up, contract management disciplines, and supplier performance monitoring. You'll define what good looks like and hold the business to it. - Create visibility of spend Develop reporting and analytics that give leadership a clear picture of where money is going, which suppliers carry risk and where savings opportunities exist. This will include assessing duplication of suppliers, what the impact is of these and what consolidation would entail. - Build for scale As the function matures, you may build out a small team. You'll define roles, ways of working, and the tools needed to support a growing business. - Third Party Risk Management Build and embed a third party risk management framework from the ground up, defining how we identify, assess, and continuously monitor supplier and vendor risk across the procurement lifecycle Who you are We're looking for someone who moves fast without cutting corners, challenges the status quo with a solutions mindset, and takes genuine ownershi