---
title: 'Procurement Analyst at Novo'
canonical: 'https://feeny.ai/job/procurement-analyst-novo-new-york-55x5xzb300r4'
type: 'job'
last_seen: '2026-09-13'
---

# Procurement Analyst at Novo

- **Company:** Novo
- **Location:** New York, NY
- **Compensation:** $70k–$100k
- **Employment:** full-time
- **Work type:** remote
- **Posted:** 2026-09-09
- **Last confirmed live:** 2026-09-13
- **Apply:** https://jobs.ashbyhq.com/novo/abb35c59-da97-4569-8644-ff8a0ad8bca5

## Job description

About Us: Small businesses are the backbone of the US economy, comprising almost half of the GDP and the private workforce. Yet, big banks don’t provide the access, assistance and modern tools that owners need to successfully grow their business. We started Novo to challenge the status quo—we’re on a mission to increase the GDP of the modern entrepreneur by creating the go-to banking platform for small businesses (SMBs). Novo is flipping the script of the banking world, and we’re excited to lead the small business banking revolution. At Novo, we’re here to help entrepreneurs, freelancers, startups and SMBs achieve their financial goals by empowering them with an operating system that makes business banking as easy as iOS. We developed modern bank accounts and tools to help to save time and increase cash flow. Our unique product integrations enable easy access to tracking payments, transferring money internationally, managing business transactions and more. We’ve made a big impact in a short amount of time, helping thousands of organizations access powerfully simple business banking. Why Novo?

- Novo is a rapidly growing series B fintech startup with a mission-driven team that’s passionate about helping every small business in America
- Positive, inclusive, supportive culture cheering you on your journey
- We work with very new technologies and architecture patterns
- Offices in NYC and India.

Role Summary: We're looking for a Procurement Analyst to own the day-to-day operations of Novo's third-party risk management (TPRM) and procurement process end to end. You'll be the person who keeps every vendor request moving chasing down documents, following up with stakeholders, and making sure nothing falls through the cracks between Legal, InfoSec, Compliance, and the business teams who requested the vendor in the first place. This is a hands-on, individual contributor role for someone who's comfortable being the connective tissue across a lot of moving parts. You'll take full ownership of the Zip platform and the vendor lifecycle it manages, freeing up Finance to focus on strategic analysis rather than day-to-day process management. About the Role: Own procurement operations end to end

- Manage the Zip platform for every vendor/procurement request, from intake through close-out
- Monitor renewal alerts, follow up with Deal Sponsors on upcoming renewals, and post renewal notifications in the Third Party Management Requests Slack thread
- Track vendor and contract records — pricing, terms, spend by department/category — and flag cost-savings or cancellation opportunities

Keep due diligence moving

- Review new contracts/order forms for accuracy (cost, agreement type, legal entity) and run adverse media checks before routing for review
- Determine whether a vendor requires InfoSec review and, if so, gather the relevant due-diligence documents (SOC 2 reports, penetration test summaries, terms of use) directly from vendors or their trust centers
- Confirm the correct expense/procurement tagging category for each request

Drive approvals to the finish line

- Chase internal stakeholders (Legal, InfoSec, Compliance, ELT) via Zip and the TPRM Slack channel to keep reviews and approvals moving, and follow up on any findings that need resolution
- Follow up with ELT/CEO to secure and log required approvals in Zip
- Coordinate contract execution, including routing agreements for signature via DocuSign, and retain fully executed agreements in Zip

Partner cross-functionally

- Work with FP&A to make sure cost details are accurate and ready for Finance's review and approval (Initial/Final FP&A Review remain owned by Finance)
- Partner with Deal Sponsors and business stakeholders across departments to gather scope-of-work and data-access details
- Communicate procurement status and blockers clearly to stakeholders outside of procurement.

Requirements for the role:

- 1–3 years of experience in procurement, vendor management, sourcing, or a related operations role
- Strong organizational skills and comfort managing a high volume of concurrent requests with competing deadlines
- Clear written and verbal communication; comfortable proactively chasing internal stakeholders and external vendor contacts to keep requests moving
- Proficiency with spreadsheets; experience with procurement/vendor management platforms (e.g., Zip, Coupa, Ironclad) a plus
- A self-starter mentality: comfortable driving process with minimal oversight
- Sharp attention to detail across contract terms, vendor documentation, and Zip records.

Novo values diversity as a core tenant of the work we do and the businesses we serve. We are an equal opportunity employer, indiscriminate of race, religion, ethnicity, national origin, citizenship, gender, gender identity, sexual orientation, age, veteran status, disability, genetic information, role-specific, or any other protected characteristic.

## About Novo

## Company Overview
- **One-liner**: Novo provides a free online business checking account and financial platform designed to simplify banking, bookkeeping, and cash flow management for independent businesses and solopreneurs.
- **Entity Type**: Private (Series B, additional debt financing)
- **Headquarters**: New York, New York, United States
- **Founded**: 2016
- **Founders**: Not specified on official sources; CEO is Michael Rangel (mentioned in LinkedIn updates).

## Core Business
- Primary industry/industries: Fintech / Small Business Banking
- Target customers: B2B – small businesses, freelancers, solopreneurs, and independent operators.
- Mission or purpose statement: “Remove the usual hassles of business banking and empower companies to reach their full potential with free checking, automated tools, and seamless integrations—all in one platform.” [novo.co]

## Products & Services
- **Novo Business Checking**: Free business checking account with no hidden fees, up to 2.00% APY on Reserves, early pay, and FDIC insurance through Middlesex Federal Savings, F.A. [novo.co]
- **Novo Credit Card**: Small business credit card (issuance details not fully disclosed).
- **Bookkeeping & Invoicing**: Integrated tools for tracking expenses, sending invoices, and accepting payments.
- **Novo Reserves**: Automated savings pools for taxes and big expenses.
- **AI‑Powered Features**: “Built with AI You Trust” – includes intelligent cash flow insights and spending categorization. [novo.co]
- **Integrations**: Connects with QuickBooks, Xero, Stripe, Shopify, and other popular business tools.

## Market Standing
- **Valuation/Market Cap**: Not publicly disclosed.
- **Key Metric**: Annual Revenue of $20 M (LinkedIn estimate) [linkedin.com/company/novo-hq]; served over 250,000 small businesses as of 2026.
- **Notable Investors/Partners**: Stripes (led Series B – $90M), Victory Park Capital (provided $125M debt facility), Valar Ventures, Crosslink Capital, Techstars, and others. [cbinsights.com][linkedin.com/company/novo-hq]
- **Growth Signals**:
  - Named to Inc. 5000 Fastest Growing Companies two years in a row (top 100 overall, top 10 in financial services). [linkedin.com/company/novo-hq]
  - Launched a suite of credit, bookkeeping, and financing solutions at Money20/20 in October 2024.
  - Active job postings increased 433% year‑over‑year (as of mid‑2026). [linkedin.com/company/novo-hq/jobs]

## Competitive Advantages
- **Free core checking** with no minimums or fees – a strong differentiator against traditional banks and many neobanks.
- **Integrated financial tools** (invoicing, bookkeeping, reserves) reduce the need for third‑party software for solopreneurs.
- **AI‑driven insights** and early‑pay capabilities improve cash flow visibility.
- **Large and active community** of 250,000+ small business users, providing network effects and user‑driven product feedback.

## Strategic Focus
- **Expanding financial product suite**: Adding credit cards, lending, and more sophisticated cash management features.
- **Deepening AI capabilities**: Using machine learning to provide actionable financial recommendations.
- **Scaling international operations**: Offices in India (Bengaluru, Ahmedabad, Gurugram) and Miami suggest a push into diverse talent pools and possibly new markets.
- **Continued hiring surge**: 16 active roles and 433% YoY job posting growth indicate aggressive build‑out across engineering, fraud, marketing, and legal.

## Why Work Here
- **Flexible working**: Employees in hub cities (NYC, Miami) work in‑office 3x per week; fully remote roles may also exist. [novo.co/careers]
- **Compensation**: Competitive salaries and stock options for every full‑time employee. [novo.co/careers]
- **Health & perks**: Medical, dental, and vision insurance; team lunches every Wednesday. [novo.co/careers]
- **Culture values**: “Operate like an owner,” “Embody the underdog,” “Unique and united,” and “Win or learn.” [novo.co/careers]
- **Global & diverse team**: Employees across 7 countries; technical roles make up the largest department (~50 employees). [linkedin.com/company/novo-hq]
- **Employee rating**: 3.7/5 on LinkedIn (based on 3 reviews) – work‑life balance and compensation rated 4.0, culture rated 2.0. [linkedin.com/company/novo-hq]

## Sources
1. [novo.co – Company homepage](https://www.novo.co/)
2. [novo.co/careers – Careers page](https://www.novo.co/careers)
3. [CB Insights – Novo company profile](https://www.cbinsights.com/company/novo-platform)
4. [LinkedIn – Novo company page](https://www.linkedin.com/company/novo-hq)
5. [LinkedIn – Novo jobs](https://www.linkedin.com/company/novo-hq/jobs)

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