Vendor Management Program Analyst

$88,300 - $121,375/Yr

Legal & General America - Frederick, MD

Full-time - Mid Level

Hybrid - Frederick, MD

Management of Companies and Enterprises

About the position

The Vendor Management Program Analyst at Legal & General America plays a crucial role in supporting the Vendor Management Office (VMO) by ensuring adherence to vendor management policies across the organization. This position focuses on vendor monitoring, oversight practices, and strategic sourcing to enhance vendor relationships and drive performance. The analyst will work closely with various departments to track and report on vendor metrics, manage vendor oversight plans, and mitigate risks associated with vendor relationships.

Responsibilities

• Manage the day-to-day administration of vendor management software to ensure key vendor metrics are current.
• Coordinate and assist business units with developing and implementing vendor oversight plans.
• Limit supply chain risk exposure by conducting continuous monitoring of critical vendors.
• Support the VMO's due diligence process to identify and mitigate risk and fraud.
• Track and report to senior management on contract milestones and provide recommendations on renewal strategies.
• Drive expense management activities through assessing projected costs to actuals and investigating spend variances.
• Provide ongoing advisory support to business units regarding their vendor management responsibilities.
• Maintain an understanding of the regulatory landscape and industry best practices.

Requirements

• Bachelor's degree (may consider equivalent combination of education and experience).
• 3 to 5 years of relevant work experience in vendor management, procurement, and/or contract management.
• Strong understanding of vendor management lifecycle and vendor risk management principles.
• Proficient in the design and implementation of effective control frameworks.
• Strong critical analysis skills.

Nice-to-haves

• Experience in the insurance industry is preferred.
• Ability to adapt to a changing environment.
• Advanced interpersonal skills to effectively communicate with senior leaders and vendors.

Benefits

• 401(k) matching
• Dental insurance
• Health insurance
• Paid holidays
• Volunteer time off