Vendor Management Specialist

Responsibilities

• Manage a portfolio of multiple vendor engagements across all departments, while driving operational efficiencies and providing excellent client services.
• Build and maintain long-lasting relationships with vendors.
• Negotiate product pricing and contracts with vendors.
• Aid in updating, renewing, and canceling vendor contracts.
• Communicate product-related issues and concerns to vendors.
• Research new vendors in the market.
• Facilitate communications between vendors and stakeholders.
• Track vendor performance and mitigate actions.
• Compile reports, as needed.
• Support resolution of vendor activities, inquiries, issues, incidents, service requests, and escalations.
• Maintain vendor and contract data in the system of record (Venminder) and ensure reports and performance targets are met, reported, and submitted from vendors to be uploaded in the system.
• Cook with Accounts Payable to assure that vendors are fully reviewed before initial payment.
• Coordinate with Accounts Payable to assure that vendors are fully reviewed before initial payment.
• Manage the periodic review of vendors and track expiring due diligence, insurance and tax documentation.
• Afford assistance in reviewing, updating and enhancing vendor management procedures.
• Keep abreast of US and EU regulatory requirements.
• Perform other related duties as assigned.

Qualifications

• Bachelor’s degree in relevant curriculum, legal, compliance, finance, or risk management preferred.
• Three plus years in Procurement and Vendor Management or related field.
• Experience in vendor management or procurement preferred.
• Certification in third party risk management preferred (CTPRP, CRVPM).
• Proficiency in MS Office, especially Excel.
• Experience with Vendminder vendor management software preferred.