Procurement Specialist

Job Description

Job Description

About the Company

We are a renewable energy and ocean technology company committed to rapidly developing and deploying technologies that will ensure a sustainable future for Earth by unlocking the vast energy potential of its oceans. Our focus is on capturing civilizational levels of ultra-low-cost renewable energy for applications including computing and affordable renewable fuels delivered to shore.

The company is a public benefit corporation headquartered in Portland, Oregon, and backed by leading venture capitalists, philanthropic investors, university endowments, and private investment offices. We operate as an idea meritocracy in which the best ideas change the company's direction on a regular basis.

About the Job

Panthalassa is seeking a procurement professional to join our supply chain team. You will be responsible for developing sourcing strategies, leading negotiations, and executing key procurement activities. In this role, you will build and manage supplier relationships to ensure performance aligns with our program milestones and business objectives.

Key Responsibilities

• Lead the preparation, issuance, and lifecycle management of purchase orders to ensure timely delivery of goods and services.
• Support sourcing and quoting of new materials and services and coordinating with the engineering team to understand technical specifications and project timelines.
• Perform rigorous Price and/or Cost Analysis to ensure competitive pricing.
• Identify and resolve material shortages, pricing discrepancies, and supply chain issues.
• Manage full supplier lifecycle activities from initial vendor onboarding and compliance setup to active performance monitoring, ensuring all deliverables meet critical program milestones and quality standards.

Required Qualifications

• 3+ years of procurement experience in a high-complexity manufacturing environment.
• In-depth understanding of procurement processes and supply chain management.
• Bachelor's degree in Supply Chain Management or a related field, or an equivalent combination of education and relevant professional experience.
• Experience utilizing an ERP system to manage procurement workflows.

Desired Qualifications

• Experience managing Engineering Change Orders (ECO) within a fast-paced, high-mix R&D or production environment.
• Experience with Lean Manufacturing or Six Sigma principles in a supply chain context.
• Experience collaborating with cross-functional Engineering departments to define specifications for procurement, evaluating supplier capabilities, and sourcing specialized components.

The above qualifications are desired, not required. We encourage you to apply if you are a strong candidate with only some of the desired skills and experience listed.

Compensation and Benefits

If hired for this full-time role, you will receive:

• Cash compensation of $80,000 - $110,000.
• Equity in the company. We're all owners and if we're successful, this equity should be far and away the most valuable component of your compensation.
• A benefits package that helps you take care of yourself and your family, including:
  • Flexible paid time off
  • Health insurance (the company pays 100% of gold-level PPO plan for full-time employees, their partners, and dependents)
  • Dental insurance (the company pays 100% for full-time employees, their partners, and dependents)
  • Vision insurance (the company pays 100% for full-time employees, their partners, and dependents)
  • Disability insurance (the company pays 100% for a policy to provide long-term financial support if you become disabled)
  • Ability to contribute to tax-advantaged accounts, including 401(k), health FSA, and dependent care FSA
• Relocation assistance to facilitate your move to Portland (if needed).

Location:

This is an on-site position. Our offices, lab, and shop are located in Portland, Oregon .