Vendor Manager
Overview
Act as the central point of contact for all vendor management requests. Manage the effectiveness of existing relationships, and play a lead role in the procurement of new vendors. Align closely with Third Party Risk, Legal, Compliance, Business Lines, Finance, HR, Operations, and Marketing.
ResponsibilitiesDevelop and manage policies and procedures related to the procurement of goods and services and management of existing vendor relationships.Track and monitor contract renewal, expiration, and pricing dates. Develop contractual standards. Manage contract spreadsheet/database to ensure contracts are current and follow up as critical contract dates approach.Ensure products and services are purchased in the most cost and time efficient manner.Develop and manage RFP's in response to requests from business lines and partners.Research, interview, and negotiate with suppliers to obtain details on services and pricing.Monitor third party vendor performance against contractual requirements to ensure service level agreements are being met. Follow up as needed with vendors and internal teams when issues arise.Develop metrics to manage vendor performance and productivity. Develop and evaluate effectiveness of the VMO.Lead the contract renewal and associated administrative processes. Facilitate the resolution of issues by working with internal partners to resolve outstanding terms and conditions and ensure that the contract approval and signatures are obtained. Facilitate and schedule meetings with the relevant parties to provide timely resolutions.Work closely with internal areas (Third Party Risk, Legal, Compliance, Business Lines, Finance, HR, Operations, and Marketing). Keep the internal areas informed and provide support when required.
Perform other related duties as assigned
Qualifications
Education/
Experience:
A bachelor's degree is required.
A minimum of 10 years Vendor Management or related experience.
Other
Qualifications:
Strong working knowledge of legal and contract terms and conditions
Excellent analytical and decision making skills
Demonstrates a high level of attention to detail
Consistent track record of producing high quality results.
Ability to lead groups people toward common goals
Excellent verbal, written, and interpersonal communication skills
A team player able to work effectively in a team fostered, multi-tasking environment
Proficient in Microsoft Office suite, e.g. Excel, PowerPoint, Word, Outlook
The Bancorp is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, religion, color, national origin, sex, sexual orientation, gender identity, age, status as a protected veteran, among other things, or status as a qualified individual with disability.
. Apply now!Estimated Salary: $20 to $28 per hour based on qualifications.
Act as the central point of contact for all vendor management requests. Manage the effectiveness of existing relationships, and play a lead role in the procurement of new vendors. Align closely with Third Party Risk, Legal, Compliance, Business Lines, Finance, HR, Operations, and Marketing.
ResponsibilitiesDevelop and manage policies and procedures related to the procurement of goods and services and management of existing vendor relationships.Track and monitor contract renewal, expiration, and pricing dates. Develop contractual standards. Manage contract spreadsheet/database to ensure contracts are current and follow up as critical contract dates approach.Ensure products and services are purchased in the most cost and time efficient manner.Develop and manage RFP's in response to requests from business lines and partners.Research, interview, and negotiate with suppliers to obtain details on services and pricing.Monitor third party vendor performance against contractual requirements to ensure service level agreements are being met. Follow up as needed with vendors and internal teams when issues arise.Develop metrics to manage vendor performance and productivity. Develop and evaluate effectiveness of the VMO.Lead the contract renewal and associated administrative processes. Facilitate the resolution of issues by working with internal partners to resolve outstanding terms and conditions and ensure that the contract approval and signatures are obtained. Facilitate and schedule meetings with the relevant parties to provide timely resolutions.Work closely with internal areas (Third Party Risk, Legal, Compliance, Business Lines, Finance, HR, Operations, and Marketing). Keep the internal areas informed and provide support when required.
Perform other related duties as assigned
Qualifications
Education/
Experience:
A bachelor's degree is required.
A minimum of 10 years Vendor Management or related experience.
Other
Qualifications:
Strong working knowledge of legal and contract terms and conditions
Excellent analytical and decision making skills
Demonstrates a high level of attention to detail
Consistent track record of producing high quality results.
Ability to lead groups people toward common goals
Excellent verbal, written, and interpersonal communication skills
A team player able to work effectively in a team fostered, multi-tasking environment
Proficient in Microsoft Office suite, e.g. Excel, PowerPoint, Word, Outlook
The Bancorp is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, religion, color, national origin, sex, sexual orientation, gender identity, age, status as a protected veteran, among other things, or status as a qualified individual with disability.
. Apply now!Estimated Salary: $20 to $28 per hour based on qualifications.
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