FP&A Director, Third Party Vendor Management
About The Position
Prosperity Life Insurance Group, LLC is looking for a Financial Planning & Analysis (FP&A) Director of Third Party Vendor Management within their Allocations and Expense Management Department. This position reports directly to the department VP. Major Duties and Responsibilities include the following. Other duties may be assigned. Centralized oversight, governance and ownership of all third party and vendor contracts. Monthly third party and vendor utilization and spend analysis. Partner with key vendors to ensure cost-effective, high-quality relationships while monitoring ongoing compliance. Develop, implement, and maintain an enterprise-wide Third-Party Risk Management framework and complete annual risk assessments. Management and oversight of workflows for review/approval of all vendor contracts. Monitor ongoing vendor performance and contract execution by conducting quarterly business reviews. Collaborate with Business partners across all functional areas supporting the organization’s vendor strategy. Working with Business partners across all functional areas as a strategic partner for proactive advice on contract assessments and company goals. Develop and present key risk indicators, key performance indicators to leadership. Facilitates strategic and operational planning and implementation of processes to ensure that management is knowledge of process, goals, objectives and strategy. Assist with FP&A initiatives outside of Allocation and Expense Management on an ad-hoc basis.
Requirements
- 7-10 years of experience with vendor management.
- Experience within the Life insurance industry specifically around an understanding of insurance regulations including data protection requirements.
- Bachelor’s degree in accounting or finance or business management.
- Very strong analytical skillset.
- Highly proficient in Excel and other Microsoft Office Data tools such as Power BI.
- Ability to manage multiple priorities, in accordance with deadlines, and with a variety of stakeholders.
- Effective communication and relationship building skills with both internal and external business partners.
Responsibilities
- Centralized oversight, governance and ownership of all third party and vendor contracts.
- Monthly third party and vendor utilization and spend analysis.
- Partner with key vendors to ensure cost-effective, high-quality relationships while monitoring ongoing compliance.
- Develop, implement, and maintain an enterprise-wide Third-Party Risk Management framework and complete annual risk assessments.
- Management and oversight of workflows for review/approval of all vendor contracts.
- Monitor ongoing vendor performance and contract execution by conducting quarterly business reviews.
- Collaborate with Business partners across all functional areas supporting the organization’s vendor strategy.
- Working with Business partners across all functional areas as a strategic partner for proactive advice on contract assessments and company goals.
- Develop and present key risk indicators, key performance indicators to leadership.
- Facilitates strategic and operational planning and implementation of processes to ensure that management is knowledge of process, goals, objectives and strategy.
- Assist with FP&A initiatives outside of Allocation and Expense Management on an ad-hoc basis.
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What This Job Offers
Job Type
Full-time
Career Level
Director
