Vendor Manager
1 week ago
Mortgage Lending Company in Addison is hiring
Vendor Manager
Responsibilities:
- Provide exceptional contract pricing /negotiations with strong emphasis on expense management and cost saving goals.
- Lead the development and implementation of vendor management strategies, policies, and procedures to ensure alignment with company objectives.
- Collaborated with internal stakeholders to identify business requirements and ensure vendor solutions met organizational needs.
- Identify, assess, and onboard new vendors while negotiating favorable terms and contracts to achieve cost savings and improve service quality.
- Managed vendor relationships and contracts, including vendor selection, negotiation, and performance management, resulting in cost savings and improved service levels.
- Developed key performance indicators (KPIs) and metrics to measure vendor performance and conduct regular vendor performance reviews to ensure compliance with service level agreements (SLAs) and identify opportunities for improvement.
- Collaborate cross-functionally with procurement, operations, legal, InfoSec, and finance teams to drive continuous improvement initiatives and optimize vendor relationships.
- Oversee vendor risk management activities, including vendor audits, compliance assessments, and mitigation strategies to minimize business disruptions.
- Provide leadership and guidance to a team of vendor management professionals, fostering a culture of accountability, collaboration, and excellence.
Qualifications:
- Bachelors degree in business administration, procurement, or relevant experience
- Proven experience in vendor management or procurement
- Strong negotiation skills and experience in contract negotiation and management.
- Excellent communication and interpersonal skills, with the ability to build and maintain relationships with vendors and internal stakeholders.
- Analytical mindset with the ability to analyze data, identify trends, and make data-driven decisions.
- Strong organizational and project management skills, with the ability to manage multiple vendors and projects simultaneously.
- Knowledge of relevant laws, regulations, and industry best practices related to vendor management and procurement.
- Proficiency in vendor management software and other relevant tools (e.g., ERP systems, contract management software).
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