Senior Manager, Vendor Management
Sallie Mae•Indianapolis, IN
•Hybrid
About The Position
The Senior Manager, Vendor Management will be responsible for managing and optimizing our vendor relationships to drive operational efficiency, cost savings, and ensure the delivery of high-quality goods and services.
Requirements
- Strong knowledge of vendor management principles, best practices, and industry trends.
- Excellent negotiation, contract management, and vendor relationship building skills.
- Sound understanding of legal and regulatory requirements related to vendor management.
- Demonstrated ability to drive cost optimization initiatives and achieve measurable results.
- Strong analytical and problem-solving skills with the ability to make data-driven decisions.
- Exceptional communication, influencing, and stakeholder management abilities.
- Proven track record of successfully managing multiple vendors and projects simultaneously.
Nice To Haves
- Bachelor's degree in business administration, supply chain management, or a related field (Master's degree preferred).
- 6+ years experience in vendor management, procurement, or strategic sourcing, with at least 3 years in a senior management role.
Responsibilities
- Identify potential vendors, assess their capabilities, and evaluate their suitability for partnership.
- Collaborate with legal and procurement teams to review and finalize contracts, ensuring compliance with relevant regulations and policies.
- Proactively identify and address vendor-related issues, resolving conflicts, and mitigating risks.
- Monitor vendor costs, track expenditures, and identify opportunities for cost optimization.
- Collaborate with internal teams such as procurement, legal, IT, and business units to align vendor management processes with organizational needs.
- Drive continuous improvement initiatives to enhance vendor management processes and practices.
Benefits
- Competitive base salaries
- Bonus incentives
- Generous PTO, Floating Holidays and 12 Federal Holidays observed
- Support for financial-well-being and retirement
- 401k with employer match
- Comprehensive medical, dental, vision, hospital indemnity, critical illness, pet insurance and more
- Employer paid short-term/long-term disability and basic life insurance
- Flexible hybrid working arrangements.
- Paid parental leave and adoption reimbursement programs
- Free access to on-site staffed fitness centers (in Delaware) and gym subsidy (for locations outside Delaware)
- Confidential counseling support (EAP), Health Advocacy services and Wellness program with financial incentives
- Tuition Reimbursement and Family Scholarship Programs
- Career development and training opportunities
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What This Job Offers
Job Type
Full-time
Career Level
Senior
