Vendor Management Specialist

2 weeks ago


Charlotte, United States VDart Inc Full time
Job DescriptionJob Description

Position: Vendor Management Specialist

Location: My Laurel, NJ or Charlotte, NC

Duration: 4 months Contract to Hire

Vendor Managers oversee Business Initiatives through the Third Party Management Framework (TPMF), which might encompass:

  • Onboarding and Sourcing: Partner with internal stakeholders to identify and onboard new or existing third parties to meet business requirements.
  • Oversight Management: Utilize tools to ensure and provide evidence of compliance with the client's policies and standards.
  • Contract Management: Understand and maintain awareness of Business Initiative terms and scope changes. For Initiatives involving licenses or other assets, develop and maintain governance processes for effective asset management.
  • Relationship Management: Establish strong partnerships with third parties and internal stakeholders.
  • Performance Management: Monitor, analyze and report on a third party's performance.
  • Financial Management: Understand the financial terms of a Business Initiative and monitor a third party's financial health.
  • Risk Management: Responsively identify issues and monitor trends with a third party to mitigate risks.
  • Offboarding: Work with internal stakeholders to ensure smooth transition or termination of a third party relationship.

Qualifications:

  • Undergraduate degree
  • 5+ years of related experience
  • In-depth knowledge/expertise in domain/field of specialty
  • Understanding of broader related areas
  • Knowledge of the industry, competition, and the factors that differentiate the organization
  • Proven track record as a subject matter expert
  • Proficient knowledge of Vendor Management, Business Initiatives, and Third-Party Management Framework (TPMF) principles.
  • Familiarity with current and emerging competitor and market trends
  • Knowledge of risk management standards and regulations
  • Proficient knowledge of financial management and budgetary principles.
  • Effective communication skills both oral and written
  • Strong relationship-building skills
  • Ability to work both independently and collaboratively
  • Excellent analytical skills
  • Proficiency in MS Office and other analytical software
  • Discretion when handling confidential information.


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