Specialist, Vendor Management

Sun Life•Oklahoma City, OK

6d•$53,800 - $80,700•Hybrid

About The Position

Sun Life embraces a hybrid work model that balances in-office collaboration with the flexibility of virtual work in the contiguous states plus AK. The opportunity: Specialist, Global Vendor Partnership supports the Manager, GVP and their business stakeholders in managing and overseeing suppliers. This role is responsible for working with existing vendors as well as our internal stakeholders (business leaders, legal, sourcing, ORO, finance, etc.) on all things related to vendors. This role will also be responsible for tracking and reporting our vendor activity, spend, etc. The role will be expected to bring forward ideas on how to improve the process.

Requirements

Strong communication and interpersonal skills
Ability to thrive as part of a team responsible for a new process
Ability to work cross functionally and collaborate effectively with business partners
Proven success influencing peers, vendors and stakeholders
Ability to manage competing priorities, work effectively and independently within time constraints
Detailed oriented with strong organizational skills
Analytical and Problem-Solving Skills: A proven ability to interpret data, identify trends, and resolve issues to improve performance and enhance supplier efficiency.
Contract Management Expertise: Demonstrable post-deal contract management experience, including ensuring adherence to contract terms and managing a vast portfolio of IT contracts renewal.
Commercial Acumen: Proven ability to deliver cost efficiency and added value from contract management, with a sound understanding of financial and business principles.
Mindset of Continuous Improvement.

Responsibilities

Oversee contract pipeline for renewals and terminations
Regular business partner reviews to assess supplier performance, identify and address issues, plan for supplier lifecycle
Support renewal/termination plans, ensure on track and escalate quickly when issues arise to address in timely manner
Communicate termination notifications to suppliers, validate contractual requirements known and met by both parties
Onboard new supplier contracts into the contract pipeline and oversight
Provide guidance on terms within the contracts - clarify to business what can/cannot be done, answer questions raised by business – escalate to manager as needed
Support request for information by the business (audits, regulatory reporting, etc.)
Ensure business requirements have been captured accurately for renewal or termination
Ensure contract records accurate
Support the development of supplier good practices and templates within GPP and business
Support manager to ensure alignment with GPP category management team in identifying opportunities (cost, savings) and planning renewal timelines