Vendor Manager

We are seeking a highly skilled and experienced business analyst to join our Vendor Management Team within the Operations department. As an integral part of our core business, you will take ownership of critical areas such as KYC (Know Your Customer), Payment Review, and other vendor-related processes. Your expertise will play a key role in ensuring the success and effectiveness of our vendor management operations.

What you will be spending your time on:
Own the end-to-end Vendor Management Operations, by conducting business analyses to drive vendors cost savings, holding accountability for improving vendors performance, and being the Budget Gate Keeper.
Own the end-to-end annual budget plan process. Consider all business, operations, compliance & risk requirements and use smart model & data driven analyses to build a strong annual budget.
Manage monthly actuals and forecasts. Compare vendors performance to the budget plan and conduct monthly analyses to explain significant changes in vendors activity.
Utilize strong analytical skills and business acumen to address strategic and operational business inquiries.
Take a data-driven approach by collecting and integrating data from various sources, ensure data accuracy, and translate it into actionable business insights.
Build & execute new processes and enhance existing workflows related to budget control and vendors performance, to drive cost savings and improve efficiency.
Collaborate with key stakeholders to establish vendors Key Performance Indicator (KPI) targets, enabling ongoing monitoring and evaluation of their performance.
Building, facilitating, and maintaining relationships with vendors to maximize the operational and business benefit of the partnership.
Take the lead in new or existing contract renewal processes by providing budget limitations and usage projections. Also challenging the status quo by validating usage, analyzing pricing data and setting price targets for contract negotiation.
Collaborating with procurement to establish contract terms with vendors, aiming to secure advantageous pricing, payment conditions, and service level agreements. Consistently exploring avenues for enhancing terms and conditions for the benefit of the organization. Collaborate and support stakeholders both within and outside the department to ensure seamless vendor management processes.
Always seeks ways to improve cost efficiency in vendors.
Purchase Order Management: Generate and issue purchase orders accurately, ensuring compliance with company policies and procedures. Monitor and track orders to ensure timely delivery and resolve any discrepancies or issues that may arise.