Procurement Manager at Formentera Partners LP

Austin, Texas, United States -

Full Time

Start Date

Immediate

Expiry Date

10 Aug, 26

Salary

0.0

Posted On

12 May, 26

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Strategic Sourcing, Contract Negotiation, Supplier Relationship Management, Supply Chain Management, Inventory Management, Logistics Coordination, Risk Mitigation, Budgeting, ERP Systems, Compliance Management, Team Leadership, Bid Evaluation, Spend Analysis, Project Procurement, Vendor Auditing, KPI Monitoring

Industry

Financial Services

Description

Procurement Manager – Austin, TX - In Office Summary: The Procurement Manager is responsible for leading and managing all procurement and sourcing activities within the upstream oil and gas development and operations environment. This role oversees the strategic acquisition of materials, equipment, services, and contracts necessary to support safe, efficient, and cost-effective operations both domestically and internationally. The Procurement Manager ensures compliance with company policies, regulatory requirements, and industry standards while building strong supplier relationships and driving continuous improvement across the supply chain. Responsibilities: Strategic Procurement & Sourcing * Develop and implement procurement strategies aligned with organizational goals, development and operational requirements, and cost reduction targets. * Lead competitive sourcing initiatives including RFQs, RFPs, and bid evaluations for materials, equipment, and services. * Establish and assist the Legal Department in negotiating and managing long-term supplier agreements, blanket purchase orders, and framework contracts to ensure supply continuity. * Identify and qualify new suppliers; conduct supplier audits and performance assessments to maintain an approved vendor list. Supplier & Contract Management * Manage and coordinate suppliers to meet company goals regarding quality, delivery, and cost. * Negotiate pricing, lead times, and service levels with vendors and subcontractors to maximize value. * Monitor supplier performance against KPIs and lead corrective action plans for non-conformances. * Maintain and establish proper documentation, specifications, and compliance requirements at supplier facilities. Supply Chain & Logistics Coordination * Coordinate with development, operations, engineering, and project teams to forecast demand and ensure timely availability of critical materials and equipment. * Oversee inventory management practices including safety stock levels, reorder points, and surplus/obsolete material disposition. * Manage logistics activities including transportation, freight coordination, import/export compliance, and warehousing as required. * Support EPC (Engineering, Procurement, and Construction) project procurement activities, including alignment with project controls and scheduling teams. Compliance, Risk & Continuous Improvement * Ensure all procurement activities comply with applicable regulations, company policies, and industry standards (API, OSHA, DOT, etc.). * Develop and implement risk mitigation strategies to address supply chain disruptions, price volatility, and sole-source dependencies. * Drive continuous improvement initiatives to enhance procurement processes, reduce lead times, and lower total cost of ownership. * Maintain accurate procurement records, reporting, and KPI dashboards for management review. Team Leadership & Cross-Functional Collaboration * Lead, mentor, and develop procurement staff; establish performance objectives and conduct regular reviews. * Liaise with development, operations, finance, legal, HSE, and project management teams to integrate procurement activities with broader business objectives. * Provide guidance and support to project controls personnel on procurement-related cost tracking and schedule impacts. * Serve as primary point of contact for procurement-related escalations, vendor disputes, and executive-level inquiries. Key Competencies: * Strategic Thinking - Anticipates business needs and develops forward-looking sourcing strategies that align with organizational objectives. * Negotiation & Influence - Skilled at negotiating favorable terms and building consensus across internal and external stakeholders. * Supplier Relationship Management - Builds and sustains productive, long-term partnerships with vendors and service providers. * Analytical & Data-Driven - Uses spend data, market intelligence, and performance metrics to inform decisions and drive improvement. * Integrity & Compliance - Upholds ethical standards and ensures all procurement activities meet legal, regulatory, and company requirements. * Communication - Clearly conveys complex procurement matters to technical and non-technical audiences at all organizational levels. * Team Leadership - Motivates, develops, and holds accountable a high-performing procurement team in a dynamic environment. * Results Orientation - Demonstrates urgency and ownership in delivering cost savings, supply assurance, and operational value. Required Qualifications: * Bachelor’s degree in Supply Chain Management, Business Administration, Engineering, or a related field. * 7–10 years of progressive procurement or supply chain experience, with at least 3–5 years in the oil & gas, energy, or related industrial sector. * Demonstrated experience managing supplier contracts, conducting negotiations, and executing competitive bidding processes. * Proficiency with ERP/procurement systems (SAP, Oracle, Maximo, or equivalent). * Solid understanding of oil & gas materials, equipment categories, and service types (drilling, completion, production, pipeline, etc.). * Strong knowledge of regulatory compliance requirements applicable to oil & gas procurement (DOT, OSHA, API standards). * Proven ability to manage multiple priorities and work effectively in a fast-paced, field-operations environment. Preferred Qualifications: * Master’s degree in Supply Chain, Business Administration (MBA), or related discipline. * Professional certification such as CPSM (Certified Professional in Supply Management), CSCP (Certified Supply Chain Professional), or CPP (Certified Purchasing Professional). * Experience supporting EPC or major capital project procurement in upstream, midstream, or downstream oil & gas. * Familiarity with international sourcing, import/export regulations, and global logistics. * Experience with spend analysis tools, e-procurement platforms, and contract management software. * Previous supervisory or team leadership experience in a procurement or supply chain function. Physical Requirements: (with or without reasonable accommodation) * This is largely a sedentary role. The employee is regularly required to talk or listen, and frequently required to stand, walk, use hands to handle objects, and reach with arms. Close visual acuity is needed for viewing a computer, reading, transcribing, and analyzing data. * Occasional lifting of up to 25 pounds * Manual dexterity sufficient to operate a computer keyboard Benefits: * Competitive Base Salary * Annual Bonus Eligibility * 100% Employer covered health insurance premiums. * 401K with 4% employer match About Us: Formentera Operations LLC is the operator for Formentera Partners, which is an energy focused, private equity strategy founded by Bryan Sheffield, Blake London, and Paul Treadwell in 2020, based in Austin, Texas. Formentera responsibly acquires and optimizes producing oil and gas assets in onshore United States basins. Formentera is intentional and deliberate in cultivating our culture. We seek people who are not only exceptional within their own skills and aptitudes but who also care deeply about supporting each other’s growth and embracing the value that diverse teams, ideas and opinions creates. Operating with integrity and treating each other well at all times are foundational pillars at Formentera. Formentera provides equal employment opportunities to applicants and employees without regard to race, color, religion, sex, age, sexual orientation, gender identity, national origin, protected veteran status, disability or any other characteristics protected by federal, state, or local law where we employ. Formentera will not tolerate discrimination or harassment based on any of these characteristics. Notice to Third Party Agencies: Please note that Formentera does not accept unsolicited resumes from recruiters or employment agencies. Without a signed recruitment services agreement, Formentera will not consider or agree to payment of any referral compensation or recruiter fee. If a recruiter or agency submits a resume or candidate without a previously signed agreement, Formentera explicitly reserves the right to pursue and hire those candidates without any financial obligation to the recruiter or agency. Any unsolicited resumes, including those submitted to hiring manager(s), are deemed to be property of Formentera. NOTE: Formentera is not able to consider candidates requiring

Responsibilities

Lead and manage all procurement and sourcing activities for upstream oil and gas operations to ensure cost-effective acquisition of materials and services. Oversee supplier relationships, contract negotiations, and supply chain logistics while ensuring regulatory compliance.