Analyst, Vendor Management - MSI

MSI, part of The Baldwin Group

1d•Remote

About The Position

Why MSI? We thrive on solving challenges. As a leading MGA, MSI combines deep underwriting expertise with insurer and reinsurer risk capacity to create specialized insurance solutions that empower distribution partners to meet customers’ unique needs. We have a passion for crafting solutions for the important risks facing individuals and businesses. We offer an expanding suite of products – from fully-digital embedded renters coverage to high-value homeowners insurance to sophisticated commercial coverages, such as cyber liability and habitational property – delivered through agents, brokers, wholesalers and other brand partners. Our partners and customers count on us to deliver exceptional service through a dedicated team that makes rapid resolutions a priority. We simplify the insurance experience through our advanced technology platform that supports every phase of the policy lifecycle. Bring on your challenges and let us show you how we build insurance better. Position Summary: The Analyst for Vendor Management is responsible for overseeing the full lifecycle of vendor relationships—from onboarding through offboarding—ensuring alignment with organizational goals, budgetary controls, risk mitigation, and regulatory compliance. This role will serve as the central point of contact for vendor oversight, working cross-functionally with Finance, Legal, IT, and business units to optimize vendor performance and safeguard enterprise interests.

Requirements

Bachelor’s degree in business administration, Information Technology, Finance, Supply Chain, or related field.
5+ years of experience in vendor management, procurement, or compliance.
Strong understanding of contract negotiation, vendor performance metrics, and risk frameworks.
Excellent verbal and written communication, analytical, and project management skills.
Ability to work independently and manage multiple vendor relationships simultaneously.
Strong planning, structure and analytical skills
Must have ability to collaborate and solve difficult problems, combining the ability to prioritize and function well in a dynamic environment
Ingrained sense of accountability and ownership
Continuous drive for learning, pushing technical limits, and finding new solutions
Proficiency in Microsoft Office Suite (Word, Excel, PowerPoint, Outlook)
Ability to learn any other appropriate program or software system used by the firm as necessary
Proficiency in Microsoft Office Suite: Expert level in Microsoft Word for document creation, formatting, and template management.
Document Management Systems: Experience with SharePoint, or similar platforms for document storage, collaboration, and version control.

Nice To Haves

Experience with GRC tools and third-party risk platforms is a plus
Adaptability and growth mindset.
Thrives in a collaborative environment and continuously seeks opportunities for improvement

Responsibilities

Vendor Lifecycle Design, build and lead end-to-end vendor processes including onboarding, coordination of contract execution, performance monitoring, and offboarding.
Maintain a centralized vendor master file with active coordination across departments.
Budget and Financial Oversight Collaborate with the Chief Technology Officer and then with Finance where needed to monitor vendor spending, ensure budget adherence, and support cost optimization initiatives.
Where applicable, manage the Capitalization of internal and external colleagues where their roles are marked for evaluation and build and execute these quarterly requirements.
Develop and continuously improve reporting capabilities for Upper Management to track budget deviations across business units.
Vendor Relationship Management Serve as the primary tactical liaison for strategic vendors, fostering long-term partnerships and resolving conflicts.
Risk and Compliance Perform vendor risk assessments and categorize vendors by criticality and exposure.
Ensure compliance with internal policies and external regulations (e.g., NYDFS).
Coordinate due diligence efforts and manage third-party risk questionnaires.
Oversee the overall execution of the Third-Party Risk Management Program.
Process Improvement and Governance Develop and implement vendor management policies, procedures, and governance frameworks.
Support audits and provide documentation for regulatory reviews and internal controls