Vendor Management Analyst II

Freedom Mortgage•Fishers, IN

1d•Onsite

About The Position

The Analyst, Vendor Mgmt II is responsible for managing third party vendor relationships. This role is responsible for managing contracts, negotiating terms and ensuring vendors meet quality, compliance and performance standards, while also driving cost savings and operational efficiency. Responsibilities may include evaluating vendors based on their risk profiles, monitoring vendor performance, assisting in the identification of risk and engaging necessary stakeholders on developing a mitigation plan and improving the vendor lifecycle processes.

Requirements

Strong negotiation and contract management skills
Excellent Communication and Interpersonal Skills
Organizational Skills
Attention to detail

Nice To Haves

Bachelor’s Degree from a (4) year College or University preferred
3-5 years experience in third party management, procurement or a related field.
May require familiarity with the financial/mortgage (or job-specific) industry.

Responsibilities

Assists the business in the procurement process including sourcing and selecting vendors.
Coordinate with internal teams to streamline the process.
Negotiate and manage vendor contracts.
Ensure compliance with contractual obligations and regulatory requirements.
Establish and maintain strong relationships with vendors, serve as the primary point of contact, and address and resolve issues or conflicts that arise in vendor relationships.
Evaluate vendor performance and develop and implement performance improvement plans as needed.
Engage in and drive the full vendor lifecycle including risk assessment, due diligence, and ongoing monitoring with a key focus on task execution and providing support for strategies, procedures, and systems.
Monitor vendor service level agreement (SLA) tracking to ensure vendor compliance and performance standards.
Deliver vendor performance results, including SLAs, metrics, and scorecards to department and vendor leadership.
Comply with all company policies and procedures.
Maintain regular and punctual attendance.
Performs other related duties as assigned.