Vendor Management Specialist

Kforce • Oldwick, NJ

27d

About The Position

Kforce has a client that is seeking a Vendor Management Specialist in Oldwick, NJ.

Requirements

• Bachelor's degree in relevant curriculum, legal, compliance, finance, or risk management preferred
• Three plus years in Procurement and Vendor Management or related field
• Experience in vendor management or procurement preferred. Certification in third party risk management preferred (CTPRP, CRVPM)
• Proficiency in MS Office, especially Excel
• Experience with Vendminder vendor management software preferred

Responsibilities

• Manage a portfolio of multiple vendor engagements across all departments, while driving operational efficiencies and providing excellent client services
• Build and maintain long-lasting relationships with vendors
• Negotiate product pricing and contracts with vendors; Assist with updating, renewing, and canceling vendor contracts
• Communicate product-related issues and concerns to vendors
• Research new vendors in the market
• Facilitate communications between vendors and stakeholders
• Track vendor performance and mitigating actions; Compile reports, as needed
• Support resolution of vendor activities, inquiries, issues, incidents, service requests, and escalations
• Maintain vendor and contract data in the system of record (Venminder) and ensure reports and performance targets are met, reported, and submitted from vendors to be uploaded in the system
• Coordinate with Accounts Payable to assure that vendors are fully reviewed before initial payment
• Manage the periodic review of vendors and track expiring due diligence, insurance and tax documentation
• Assist in reviewing, updating and enhancing vendor management procedures
• Keep abreast of US and EU regulatory requirements
• Perform other related duties as assigned

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Administrative and Support Services
• Number of Employees: 1,001-5,000 employees