Vendor Management Specialist - Remote

Overview

The Vendor Management Specialist oversees the relationships and performance of third-party vendors, ensuring they meet operational goals and compliance standards while collaborating with cross-functional teams.

In Short

• Manage relationships with third-party vendors ensuring compliance with service agreements.
• Conduct regular evaluations of vendor performance through metrics and audits.
• Assist in the negotiation and renewal of vendor contracts to ensure favorable terms.
• Collaborate with internal teams to identify vendor needs and opportunities for improvement.
• Develop and maintain a database of vendor information and performance metrics.
• Mitigate risks associated with vendor partnerships by implementing monitoring processes.
• Prepare and present reports on vendor performance and relevant insights to management.

Requirements

• Bachelor's degree in Business Administration, Supply Chain Management, or a related field required.
• Experience in vendor management or procurement roles, preferably in the insurance industry.
• Strong negotiation skills with a track record of managing successful vendor contracts.

Benefits

• No specific benefits mentioned.