Vendor MDM Lead

NorthMark Strategies • Dallas, TX

3d

About The Position

The Company NorthMark Strategies is a leading investment firm, combining capital, innovation, and engineering to drive long-term value. From operating complex businesses to backing breakthrough technologies, our mission is to build enduring businesses. Our team combines intelligent risk-taking, operational excellence, exceptional talent, and world-class computing capacity to create shareholder value. Our company offers a dynamic environment where individuals have the freedom to lead companies toward bold achievements by embracing innovation, leveraging technology, and fostering differentiated business strategies. Our values are Integrity, Ability, and Energy, and the company aims to hire individuals who possess those qualities. At NorthMark Strategies, we believe the future isn’t something to hope for, it’s something to build. We don’t just invest, we create. Bringing together strategic insight and technical horsepower to deliver outcomes that endure. The Position The Vendor Master Data Management (VMDM) Lead reports to Procurement Operations Manager and is accountable for Vendor Master Data Management in the ERP and Source-to-Pay System. Individual in this position will work closely with Procurement and Accounts Payable Leadership teams to improve Vendor data quality, define Vendor Master Data requirements, and drive best practices for vendor data management. The Key attributes of a successful candidate include initiative-taker, being able to deal with ambiguity and a can-do attitude. Demonstrated ability to deliver against goals and timelines. Structured critical thinking and the ability to take complex problems, break them down into simple tasks. This is an exciting opportunity to broaden your Procurement and Supply Chain knowledge and apply it in a very dynamic environment across a diverse set of stakeholders.

Requirements

• Strong experience in developing and leading Vendor Master Data Management across multiple industries.
• Experience in defining Vendor Master data requirements and maintaining vendor master information in ERP system.
• Demonstrated understanding of vendor management systems and experience with MDM systems such as SAP Master Data Governance (MDG), Microsoft Master Data Services (MDS) or Microsoft D-365.
• Experience in vendor onboarding and vendor data management in Source-to-Pay systems.
• Experience in Coupa is required.
• Strong understanding of the End-to-End Vendor Onboarding (VOB) process and vendor qualification requirements, including familiarity with different risks and reporting systems such as D&B, Rapid Ratings or Interos.
• Strong customer orientation and ability to coordinate across and communicate with multiple stakeholders in a dynamic and fast paced environment.
• Strong analytical skills and proficiency in MS Office tools.
• Experience in managing and leading a team and demonstrated experience in achieving objectives through the team.
• 7-10 years related in Vendor Master Data Management and Vendor qualification.
• Demonstrated experience in defining and managing vendor masters across multiple business entities.
• Bachelor’s degree in supply chain, business or logistics is required

Nice To Haves

• advanced degree is a plus.
• Supply chain or purchasing certification (ISM or equivalent.) is a bonus.
• Experience with ERP (D-365) Procurement and e-Sourcing system (Coupa) is required.

Responsibilities

• Define best practices, implement, and enforce standardized naming conventions and data formats for consistency and vendor data normalization.
• Conduct thorough analysis and validation of vendor data to ensure accuracy and completeness.
• Collaborate with cross-functional teams to integrate VMDM processes with Enterprise Resource Planning (ERP) systems.
• Ensure that vendor data is standardized to meet spend analytics requirements.
• Perform regular audits on vendor records to identify and rectify discrepancies and duplicates.
• Automate and optimize VMDM workflows to enhance efficiency and reduce manual errors.
• Collaborate with vendors to obtain and validate critical information, ensuring ongoing data accuracy.
• Provide training and support to internal teams regarding VMDM best practices and procedures.
• Generate reports and analytics on vendor data quality and compliance for management review.
• Contribute to continuous improvement initiatives to enhance overall procurement processes.
• Manage the vendor onboarding process for new vendors, including full vendor qualification, completing the restricted party screening, vendor financial analysis and information security screening, in collaboration with the Information security team.
• Monitor compliance of existing vendors with the qualification criteria and maintain current vendor status.
• Setup and maintain vendor master in the financial (ERP) systems, working in collaboration with Finance.
• Assist vendors in completing the onboarding requirements, supporting vendors and category managers in ensuring vendors are onboarded on time.
• Track and communicate vendor onboarding status to Category and purchasing teams.
• Serve as the subject matter expert for vendor data, manage the vendor onboarding tool (Coupa), and function as gatekeeper for vendor onboarding.
• Manage the vendor onboarding policy and standard and ensure compliance with the policy.
• Communication with incumbent and prospective vendors, during the onboarding process or vendor evaluations.
• Support Vendor Risk and Compliance Manager in developing Vendor risk & compliance reports.
• Maintain vendor risk and compliance ratings and communicate proactively any emerging risks.
• Monitor critical business changes and risks for business critical and strategic suppliers.
• Provide training and support to internal teams on Vendor Risk & compliance management.

Benefits

• Company-Paid Benefits: 100% Employer-Paid Medical in our High Deductible Health Plan, Dental and Vision benefits for employees and their families, 16 weeks of Paid Parental Leave, Employee Assistance Program, Life insurance, Short-Term Disability and Long-Term Disability
• 401(k): Company will match 100% of your contributions up to 6%
• Optional Employee-Paid Benefits: Medical insurance in our PPO plan and a variety of other benefits such as Health Savings Accounts (with Company Contribution!), Flexible Spending Accounts, Supplemental Life Insurance, Wellhub and more.
• Time Off: 25 days of Paid Time Off plus 12 company holidays

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level