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Sourcing and Vendor Manager
BHG Financial. Maintain relationships between vendors and internal resources, including senior executives .
Core Competencies
Role fitCore Competencies
Use this summary to align your resume positioning with the role.
Expertise in contract management, negotiation strategies, and vendor relationship management, with a strong focus on IT service agreements and compliance. Proven ability to collaborate across departments to ensure alignment with business objectives and regulatory requirements.
Highest-signal resume keywords
Contract Life Cycle ManagementVendor Management PracticesNegotiation StrategiesInterpersonal Communication SkillsProject and Process Management
ATS Keywords
Tailor your resumeApplicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard Skills
Contract NegotiationStatement of Work (SOW) DevelopmentRisk Mitigation StrategiesIT Concepts and Systems KnowledgeContract Change Control Processes
Soft Skills
Strong Interpersonal SkillsCustomer-Focused ApproachEffective Communication
Tools & Technologies
Contract Management DatabaseGenerative AI Tools
Industry Keywords
Consulting ContractsHardware AgreementsSoftware AgreementsService AgreementsCommunication Contracts
About the role
Key responsibilities & impact- Maintain relationships between vendors and internal resources, including senior executives
- Maintain a Sourcing & Vendor framework in alignment with business stakeholders
- Facilitate contract renewals, extensions, and change orders as needed by business stakeholders
- Assist with development of Statements of Work (SOWs) and understand current RFIs, RFQs, and RFPs in the pipeline
- Establish contract management objectives, procedures, templates, and workflow processes for vendor contracts and deliverable schedules
- Maintain a contract management database containing executed and in-development contracts
- Track obligations, deliverables, and contract change notes; manage and control document access
- Work with legal representatives to develop and insert appropriate legal protections in contracts
- Work with security, compliance, tax, HR, accounts payable, and other teams to ensure vendor performance meets requirements and regulatory obligations
- Maintain and improve negotiation strategies, best practices, processes, procedures, workflows, and organizational structures for contract management
- Administer commercial and financial vendor arrangements, including billing, invoicing, performance incentives and remedies, and internal chargebacks
- Establish contract change control processes with vendors and key stakeholders
- Perform other duties as assigned
Requirements
What you’ll need- Minimum of 5-10 years' experience negotiating and managing contract life cycles, with an emphasis on technology or IT service agreements, is a plus
- Experience in negotiating and managing contracts in one or more categories, including Consulting, Hardware, software, service, and communication
- Strong interpersonal and communication skills
- Experience working with all key departments (security, compliance, finance, tax, AP, legal and procurement), and knowledge of procurement and vendor management practices
- Knowledge of IT concepts and systems
- Strong project and process management skills, with the ability to handle multiple vendors and multiple contracts, as well as a wide range of tasks
- Ability to understand contract risks and to work with other parts of the organization in crafting tactics and strategies for risk mitigation
- Knowledge of best practices for IT contract negotiation tactics and strategies
- Strong ability to communicate with IT users, legal and procurement staff, and business leaders to craft contracts that align complex needs with contractual requirements to achieve business outcomes
- Customer-focused approach to delivering contract management services to internal customers
- Demonstrated ability to leverage generative AI and AI-enabled tools to improve sourcing and vendor management activities
- Strong relationship and interpersonal skills to be applied in working with vendors across the entire contract life-cycle
- Travel requirement: All roles require travel during the first 6 months of employment to attend the BHG Oars in Experience; after the initial 6 months, ongoing travel is expected at ~5% annually for periodic team on-sites, team meetings, and cross-functional collaboration
Benefits
Comp & perks- Medical/Rx/Dental/Vision coverage for employees and their eligible family members
- Competitive PTO and vacation policies
- 1 Friday off each month for Wellness Weekends
- Company 401(k) plan with employer contributions after one year
- Company-sponsored training and certification opportunities
- Quarterly award ceremonies where top achievers are celebrated and receive additional bonuses
- Ongoing volunteer opportunities to give back to the community through our BHG Cares program
- Work/life balance
- Personal and professional development opportunities