Who we are:
Electra is reinventing iron production to tackle the nearly 10% of global carbon dioxide emissions produced from iron and steelmaking. Its patented process uses chemistry and renewable energy to transform a variety of grades of iron ore into environmentally responsible pure iron at scale. By maximizing the value of Earth’s resources and minimizing our environmental footprint and carbon emissions, Electra is forging a green future from the ground up. With a collaborative culture and passion for disrupting the status quo, careers at Electra offer challenge, reward, and the opportunity to bring to market solutions that dramatically improve the health of the planet.
What you will do:
The Director of Purchasing is responsible for developing and implementing procurement strategies to acquire goods and services to enable Electra’s operations. This role involves managing a team of purchasing professionals, negotiating contracts, ensuring supplier performance, and maintaining cost-effective procurement practices while ensuring compliance with company policies, quality and safety guidelines, financial and business ethics policies, and regulatory requirements.
Responsibilities include:
- Develop and execute procurement strategies aligned with the company's goals and objectives
- Analyze market trends and conditions to anticipate procurement needs, opportunities and risks
- Lead and mentor the purchasing team, providing guidance, training, and support
- Manage departmental performance, including setting goals, conducting performance reviews, and addressing any issues
- Identify, evaluate, establish and maintain relationships with suppliers and vendors
- Negotiate contracts, terms, and pricing with suppliers to achieve optimal value and conditions
- Monitor supplier performance and ensure adherence to contract terms and quality standards
- Oversee the purchasing process, including requisition, order placement, and inventory management
- Ensure timely and accurate delivery of goods and services while managing costs
- Create, implement and enforce procurement policies, procedures, and best practices
- Develop and manage the purchasing budget, ensuring cost-effectiveness and adherence to financial targets
- Ensure compliance with legal, regulatory, and company policies related to procurement
- Assess and mitigate risks associated with suppliers, contracts, and procurement processes
- Prepare and present reports on procurement activities, performance metrics, and cost savings
- Engage in analysis of procurement data and provide insights to support decision-making and strategic planning
- Collaborate with internal departments, such as finance, operations, and logistics, to ensure procurement needs are met and aligned with overall business objectives
- Read, understand, and comply with all workplace health and safety policies, safe work practices, and company policies and procedures
- Perform other duties as assigned by manager
What we need you to bring to the team:
- Bachelor’s degree in Business Administration, Supply Chain Management, Finance, or a related field.
- At least 7-10 years of experience in procurement or purchasing, with at least 3-5 years in a managerial or leadership role
- Strong negotiation and contract management skills
- Excellent analytical and problem-solving abilities
- Proficiency in procurement software and Microsoft Office Suite
- Effective communication and interpersonal skills
- Leadership ability, including influencing without authority
- Ability to manage multiple priorities, exhibit a sense of urgency, and maintain equilibrium in a fast-moving and changing startup environment
- Proficiency with, or ability to quickly learn, Microsoft Office suite of programs including Word, Excel, PowerPoint, Outlook, OneDrive, and SharePoint
What we want you to bring to the team:
- Master's degree or relevant certifications (e.g. CPP, CPSM)
Compensation:
- The anticipated starting pay range for this position is $160,000-$205,000 annually and may be more or less depending upon skills, experience, and education.
Benefits For You:
- 100% paid premiums across all medical, dental, vision, telemedicine, short-term disability, long-term disability, and basic life insurance plans
- Reasonable use PTO
- $1,800 in annual employer HSA contributions (health savings account)
Benefits For Your Family:
- 100% paid premiums across all medical, dental, vision, and telemedicine plans
- $3,600 in annual employer HSA contributions (health savings account)
- 12 weeks of paid parental leave
Benefits For Your Future:
- 401k with up to 5% matching contributions which vest 100% on day one
- Eligibility for incentive stock options
