This Vendor Management Specialist role is responsible for overseeing a portfolio of third-party vendors throughout the entire vendor lifecycle, including selection, onboarding, monitoring, renewal, and termination, while ensuring compliance with company policies and risk management standards. The position partners with internal stakeholders and vendors to negotiate contracts, manage pricing, resolve issues, track performance, maintain vendor records in Venminder, and ensure due diligence, insurance, tax, and regulatory requirements are met.
Requirements
- Vendor Management & Procurement Experience – 3+ years of managing vendors, supplier relationships, procurement activities, or related functions
- Third-Party Risk Management – Experience overseeing vendor due diligence, performance monitoring, compliance reviews, and risk mitigation activities
- Vendor Lifecycle Management – Experience supporting vendor onboarding, ongoing monitoring, periodic reviews, renewals, and terminations
- Data Management & Reporting – Experience maintaining vendor records, tracking KPIs, compiling reports, and ensuring data accuracy
- Microsoft Excel & Office Suite Proficiency – Strong Excel skills for reporting, tracking, and analysis
- Vendor Management Systems Experience – Experience with vendor management platforms; Venminder experience is preferred
- Regulatory & Compliance Knowledge – Understanding of vendor governance, regulatory requirements, and compliance standards, including exposure to U.S. and EU regulations
- Stakeholder & Relationship Management – Strong communication skills to work effectively with vendors, internal business partners, and leadership
- Contract Negotiation & Administration – Ability to negotiate pricing, terms, renewals, and contract cancellations while minimizing risk
- Issue Resolution & Escalation Management – Ability to investigate, track, and resolve vendor-related issues, incidents, service requests, and escalations
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