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Vendor Management Specialist

2 months ago

Austin, United States The Amherst Group Limited Full time

The Amherst Group of companies comprise of leading real estate investment and advisory firms with a mission to transform the way real estate is owned, financed and managed. Amherst leverages its proprietary data, analytics, technology, and decades of experience to seek solutions for a fragmented, slow-to-evolve real estate ecosystem and to materially improve the experience for residents, buyers, sellers, communities, and investors. Today Amherst has over 1000 employees and $14.1 billion in assets under management.

Over the past decade, Amherst has scaled its platform to become one of the largest operators of single-family assets and has acquired, renovated, and leased more than 46,000 homes across 32 markets in the U.S. The firm delivers customized, stabilized cash-flowing portfolios of assets to its investors, wrapped in all the ongoing services required to manage, own, and finance the asset including property management, portfolio management, and a full capital markets team. In addition to its single-family rental platform, Amherst's debt business pursues two distinct credit strategies in mortgage-backed securities and commercial real estate lending. Over its 25-year history, Amherst has developed a deep bench of research and technology talent, and leverages data and analytics at every stage in the asset lifecycle to improve operations and preserve long-term value for our investors and the more than 188,000 residents the firm has served.

Open the door to your dream job and join #TeamMainStreet. With more than 40,000 homes in over 30 markets, Main Street Renewal is one of the largest providers of single-family rental homes across the country. On an annual basis, we recruit and onboard more than 500 vendors working across all home renovation trades such as painting, flooring, HVAC and lawn care. We understand that our employees and our vendor partners are the invaluable drivers of our success. We are seeking a passionate individual who enjoys contributing to a winning team. Here, you'll be a part of a company dedicated to providing a best-in-class vendor management experience.

A day in the life of our Vendor Sourcing Specialist:

The focus of this role is sourcing vendors in each of Main Street Renewal's (MSR) markets and trades to ensure MSR has ample vendor capacity to meet the needs of our field renovation projects. This is a relationship-based role and requires the ability to follow-up on leads, cold call vendors and generate excitement about working with MSR. The role includes executing the functions of vendor recruiting (identification, negotiating, and selection), managing ongoing vendor relationships, and ensuring the efficiency and effectiveness of the vendor network. This role works in conjunction with the Vendor Management Specialists, who are responsible for the subsequent onboarding and system setups of all selected vendors.

Daily Activities:

  • Identify and recruit vendors for required markets and trades.
    • Generate excitement within your network of vendor prospects to partner with MSR.
    • Educate and inform vendors about the MSR business lines, processes, and other required information to ensure vendor success.
    • Negotiate pricing with vendors to ensure pricing compliance.
    • Provide pricing feedback to our procurement leads based on conversations with vendors.
    • Mitigate vendor capacity constraints through regular communication and planning with vendors and MSR renovation teams; maintain continuous focus on upcoming vendor needs to ensure sufficient vendor base.
    • Provide training to vendors on company expectations, processes and procedures and system usage.
    • Strong understanding of local market labor dynamics with ability to sense and navigate labor shortages.
    • Develop action plans to mitigate labor shortages.
    • Manage vendor relationships to maximize performance and minimize turnover.
    • Plan and execute vendor sourcing events and vendor coaching events; may include travel as deemed necessary.
    • Implement vendor corrective action plans and replace underperforming vendors, as needed.
    • Vendor performance management by creation and monitoring of vendor scorecards and capacity metrics.
    • Adjust vendor capacities to ensure efficient distribution of work.
    Requirements:
    • 2+ years of overall business experience and familiarity with vendor management, supply chain, or procurement functions within a services-based environment.
    • Previous sales and relationship management experience strongly preferred.
    • Previous construction management experience considered a plus.
Just a few other things you should know:
  • This job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.
Our full-time employee benefits include:
  • A competitive compensation package, annual bonus, 401k match
  • Flexible PTO including 7 paid holidays, 1 floating holiday, and 1 volunteer day
  • Employer-paid benefits (medical, dental, vision, health savings account)
  • Professional career development and reimbursement
  • Up to 16 weeks paid maternity leave; up to 4 weeks of paid parental leave
  • Backup childcare offered through Bright Horizons


Amherst is proud to be an Equal Opportunity Employer and committed to creating an inclusive environment for all employees. We do not discriminate on the basis of race, color, religion, national origin, gender, pregnancy, sexual orientation, gender identity, age, physical or mental disability, genetic information or veteran status, and encourage all applicants to apply.