--- title: 'Principal, Procurement at Monarch Money' canonical: 'https://feeny.ai/job/principal-procurement-monarch-money-remote-qwq3sdtg1zcv' type: 'job' last_seen: '2026-10-19' --- # Principal, Procurement at Monarch Money - **Company:** Monarch Money - **Location:** Remote - **Employment:** full-time - **Work type:** remote - **Posted:** 2026-09-16 - **Last confirmed live:** 2026-10-19 - **Apply:** https://jobs.ashbyhq.com/monarchmoney/e100d127-e976-469a-bf55-1b8a53d2ea37 ## Job description About Us: Monarch is a powerful, all-in-one personal finance platform designed to help make the complexity of finances feel simple again. Since launching in 2021, we've become the top-recommended personal finance app by users and experts. Our goal? To take the stress out of finances so our members can focus on what truly matters. We are a team of do-ers led by experienced entrepreneurs who are passionate about helping our members reach their financial goals. We're hyper focused on building a product people love, and on finding every edge that helps us do that better. AI is core to how we operate: every person on the team uses it as a partner to sharpen judgment, move faster, and expand what's possible. We're not looking for tool mastery, we're looking for fluency and curiosity. What matters is that AI is part of how you work today and that you're actively raising your own bar on how to use it well. As a fully remote company (even before COVID!), we welcome applicants from almost anywhere. Our team collaborates synchronously mostly from 9 AM – 2 PM PT and embraces asynchronous work to stay connected across time zones. Join us on our mission to transform lives by simplifying money, together. The Role: Monarch is seeking a Principal, Procurement to join our Finance team during a period of rapid growth. Reporting to the Head of Operations and Finance, you will own and mature our existing procurement program, lead strategic sourcing and negotiations, and build a proactive approach to vendor and technology-spend management. This is a senior individual-contributor role with significant company-wide impact. You will partner closely with Finance, Engineering, Legal, Security, IT, People, and business leaders to help Monarch make better purchasing decisions, improve vendor economics, and ensure our technology spend scales efficiently. What You’ll Do: - Own and continuously improve Monarch’s company-wide procurement process, including system administration for Zip, ensuring it remains efficient, scalable, and easy for teams to navigate. - Lead strategic sourcing and negotiations for material vendors, using market intelligence, usage data, and business context to improve pricing, terms, commitments, and overall value. - Build a proactive vendor-management program that provides clear visibility into contracts, spend, ownership, renewals, utilization, performance, and consolidation opportunities. - Partner with Finance, Engineering, and business leaders to improve the commercial economics of Monarch’s SaaS, cloud, data, AI, and other technology spend. - Drive adoption through clear policies, self-service resources, and employee education developed with People, while using AI and automation to make procurement faster and more proactive. What You’ll Bring: - 7+ years of relevant experience in procurement, strategic sourcing, vendor management, or technology-spend management, including personal ownership of material negotiations. - Demonstrated experience owning and meaningfully improving procurement processes in a high-growth technology company, ideally within B2C, subscription, SaaS, or fintech. - Hands-on experience administering a procurement-orchestration or comparable workflow platform, including configuring intake, conditional logic, approval routing, permissions, and reporting. - Experience sourcing and negotiating technology spend, including SaaS, cloud infrastructure, data, AI, or other consumption-based vendor models. - Experience partnering with Finance and Engineering to manage cloud or other usage-based technology spend and translate cost and usage insights into commercial decisions. - Strong commercial and analytical judgment, including the ability to connect spend and utilization data to business value and unit economics. - Excellent written and verbal communication skills, including the ability to influence leaders, challenge requests constructively, create clear employee guidance, and drive cross-functional decisions without formal authority. - A proactive, hands-on operating style and the ability to manage multiple priorities, move between strategy and execution, and bring clear recommendations to ambiguous decisions. - Demonstrated AI fluency: You use AI regularly in your work, have a clear point of view on where it helps and where it doesn’t, and continuously raise your own bar. You are excited to redesign procurement workflows around AI and automation—not just use AI to complete existing tasks faster. Nice to Haves: - Direct experience administering Zip or a comparable procurement-orchestration platform. - Familiarity with AWS and Google Cloud cost structures, committed-use agreements, cloud cost allocation, or cloud-cost-management tooling. - Experience procuring AI models, APIs, financial-data infrastructure, or other high-volume usage-based services. - Experience in fintech, consumer subscription, financial services, or another regulated technology environment. - Familiarity with security, privacy, legal, and third-party risk-review processes. Typical Process: - Recruiter video call - Hiring manager video call - Take-home assignment - Virtual onsite consisting of 2–4 interviews - Reference checks - Offer Benefits : - Work wherever you want! As a fully remote company with no central office, we want you to work wherever you are happiest and most productive. Whether that’s out of your home, a co-working space, or elsewhere. - Competitive cash and equity compensation in a hyper growth, early stage company 🚀. - Stipend to set-up your ideal working environment. - Competitive Benefit Plans for employees based on your location (e.g. in the US we offer: Medical, dental and vision benefits and the ability to contribute to a 401k plan). - Unlimited PTO. - 3 day weekend every month! We take off the “First Friday” every month to focus on rest, recuperation, or just having fun! ## Equal Opportunity & Non-Discrimination We are an equal opportunity employer and value diversity. We do not discriminate on the basis of race, religion, color, national origin, sex (including pregnancy and gender identity), sexual orientation, age, marital status, veteran status, disability status, or genetic information. Applicant Notices California & San Francisco: Pursuant to the California Fair Chance Act and the San Francisco Fair Chance Ordinance, qualified applicants with arrest and conviction records will be considered for employment. We comply with all applicable fair chance hiring laws. ## About Monarch Money ## Company Overview - **One-liner**: Monarch Money provides a comprehensive personal finance platform that aggregates all accounts into a single view for budgeting, tracking spending, and collaborative financial planning. - **Entity Type**: Private (Series B; most recent round $75M in June 2025) - **Headquarters**: San Francisco, California, United States - **Founded**: 2019 - **Founders**: Val Agostino (Co-Founder & CEO), Jon Sutherland (Co-Founder & Head of Design), Ozzie Osman (Co-Founder) ## Core Business - **Primary industry/industries**: Personal Finance Technology, Fintech - **Target customers**: B2C individuals and couples/families who want to manage their money; financial advisors - **Mission or purpose statement**: "Transform lives by simplifying money, together." The company believes everyone deserves tools that make money simple, transforming your relationship with money so you can build a life you love. ## Products & Services - **Monarch Money App (Platform)** : A mobile and web application that aggregates all financial accounts (banking, credit cards, investments, loans) into a single dashboard with automatic transaction categorization, flexible budgeting, goal tracking, and collaborative features for couples or financial advisors. ## Market Standing - **Valuation/Market Cap**: $37.8M - $94.8M (conflicting reports; LinkedIn reports $94.8M total funding; Latka reports a $37.8M valuation in 2025) - **Key Metric**: Annual Revenue (Private) — $12.6M ARR (2025 per Latka); LinkedIn reports $4.5M annual revenue. However, a $75M Series B in June 2025 suggests a much higher valuation than the Latka figure. - **Notable Investors/Partners**: Forerunner, FPV Ventures (co-led Series B), Menlo Ventures (led Series A), Accel (led seed round), Adam Marchick - **Growth Signals**: Massive headcount growth (+147.7% YoY to 126 employees); Raised $75M Series B in June 2025; Expanding internationally across 11 countries; LinkedIn follower growth of +160.5% YoY; Active hiring with 5+ open roles. ## Competitive Advantages - **Collaborative focus**: Unique 'household' view that lets partners merge accounts seamlessly, differentiating from single-user competitors like Mint. - **Design-led & User Experience**: Co-founded by a Head of Design, the product is known for its beautiful, intuitive UI that makes complex finances approachable. - **Early-stage, high-growth**: As a Series B company in a massive TAM (personal finance), employees have outsized impact and growth opportunity. - **Full AI integration**: Active open roles for AI Engineers suggest they're building new AI-powered features to stay ahead. ## Strategic Focus - **AI-led product expansion**: Hiring a Head of AI Engineering and multiple Senior/Staff AI roles signals a major push into AI-powered financial insights. - **International growth**: Operating in 11 countries already, with plans to grow further. - **Revenue expansion**: Has hired for "Revenue Expansion" roles; the company is moving toward monetization beyond subscriptions. - **Team scaling**: Doubled headcount in the last year, building out Engineering, Product, and Design functions heavily. ## Why Work Here - **Fully remote & async-first**: Monarch is a fully distributed, remote-first company with an async communication style. First Friday off every month. Flexible time off. They emphasize "agency to work in ways that fit your life." - **Meaningful mission**: Many employees were users before joining, and there's a strong culture of building something that "directly improves the financial lives of real people." - **Strong compensation**: Competitive pay, best-in-class health coverage, fertility benefits, generous parental leave (all paths supported). - **Growth & learning**: "Monarch Grow" gives every employee a $1,500 annual development stipend and a structured L&D program tailored to personal interests. - **Engineering culture**: Rapidly growing engineering org (22+ engineers), modern stack, and early-stage impact. Roles include Senior/Staff AI, Security, and Product Engineering. - **Open roles** (as of mid-2026): Director of Product Design, Software Engineer AI (Senior/Staff), Senior Security Engineer (Detection & Response), Senior Engineering Manager (Product Security), IT Support Engineer. ## Sources 1. [monarch.com/careers](https://www.monarch.com/careers) 2. [jobs.ashbyhq.com/monarchmoney](https://jobs.ashbyhq.com/monarchmoney) 3. [linkedin.com/company/monarch-money](https://www.linkedin.com/company/monarch-money) 4. [monarch.com/about](https://www.monarch.com/about) 5. 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