Vendor Management Analyst

CVS Health•Hartford, CT

About The Position

We’re building a world of health around every individual — shaping a more connected, convenient and compassionate health experience. At CVS Health®, you’ll be surrounded by passionate colleagues who care deeply, innovate with purpose, hold ourselves accountable and prioritize safety and quality in everything we do. Join us and be part of something bigger – helping to simplify health care one person, one family and one community at a time. Position Summary We are seeking a highly organized and strategic Vendor Management Analyst to join our team. In this role, you will act as the primary liaison between our organization and key external partners, overseeing the end-to-end vendor lifecycle. You will combine project management expertise, with vendor relationship skills to ensure that third-party vendors meet contractual obligations, adhere to performance KPIs and align with our company's strategic goals. The candidate must have strong analytical and communication skills to perform risk assessments and collaborate with key internal departments to identify vendor benefit opportunities, and improvements. The ideal candidate is proactive in mitigating risks, skilled in analyzing complex data to develop actionable insights that improve business processes, increase efficiency, optimize performance, and focused on cost optimization.

Requirements

2+ years of experience in vendor management or procurement, and project management.
Some experience in financial analysis.
1-2 years strong project management skills, including the ability to manage multiple initiatives simultaneously.
Proven experience in vendor management or procurement and program management.
Proficiency in Microsoft Office Suite (advanced Excel), and reporting tools.
Strong analytical and problem-solving abilities.
Strong written and verbal communication skills for executive-level reporting.
HS diploma

Nice To Haves

Project management certification (PMP)
Experience with specific tools like Ariba, Asana, Advanced MS Excel, and data visualization tools (Tableau/Power BI).
Bachelor’s degree in Business Administration, Finance, Accounting, Economics, or related field.
Experience with Medicaid and/or Medicare

Responsibilities

Relationship & Performance Management: Cultivate strong, long-standing relationships with key vendors while holding them accountable to service level agreements (SLAs) and KPIs through regular performance reviews and scorecards.
Project & Contract Administration: Lead vendor-related projects, that include but are not limited to vendor onboarding, contract renewals, and vendor oversight. Ensure that vendor deliverables align with project schedules and business objectives. Project Management for Vendor Management activities and program tasks
Risk & Compliance: Assess vendor risk, ensure compliance with legal/industry standards, vendor auditing, and assist in onboarding/offboarding.
Data Analysis & Reporting: Analyze vendor performance data, spend patterns, and market trends to provide actionable insights for improvements.
Process Improvement: Evaluate current vendor management processes and implement improvements, tools, and templates to increase efficiency.
Budgeting & Forecasting: Track vendor expenses against annual budgets and manage financial outlooks.
Invoice & Contract Management: Validate vendor invoices, ensure adherence to contract terms, and support the contract renewal process.

Benefits

Affordable medical plan options, a 401(k) plan (including matching company contributions), and an employee stock purchase plan.
No-cost programs for all colleagues including wellness screenings, tobacco cessation and weight management programs, confidential counseling and financial coaching.
Benefit solutions that address the different needs and preferences of our colleagues including paid time off, flexible work schedules, family leave, dependent care resources, colleague assistance programs, tuition assistance, retiree medical access and many other benefits depending on eligibility.

Stand Out From the Crowd

Upload your resume and get instant feedback on how well it matches this job.

Upload and Match Resume