About the Role
The Vendor Relationship Analyst (Hybrid) will guide, develop, and implement vendor management strategies and policies. Articulate and negotiate contracts and ensure vendors are meeting contractual obligations. Drive the governance framework forward regarding vendor onboarding, third party risk, and contract management. Advise of vendor program enhancements while supporting internal teams with corporate priorities.
Duties & Responsibilities:
- Develop and drive the framework for vendor management governance.
Support and advise management on actions required for decision making and future enhancements of the Vendor Management program.
- Oversee the onboarding process for new and existing vendors and the associated risk-based monitoring, reporting of vendor metrics and ensuring adherence to internal policy and external regulatory requirements.
- Serve as the main point of contact for communication with third party vendors, team members and internal divisions.
- Interpret and communicate contract requirements and contract change impacts in coordination with the contract managers.
- Drive risk remediation activities and document action plans.
- Provide oversight and final approval of all redlined contractual language in various vendor agreements.
- Participate in the development of risk frameworks accounting for sensitivity for risk tolerance by vendor and risk type – e.g. financial, operational, regulatory, reputational.
- Ensure that the Vendor Management maturity model is updated quarterly with clearly defined annual goals in which a strategy is to be developed to prioritize and plan for those goals until completion.
- Provides internal support when questions and issues arise associated with vendor products or services.
- Provides ongoing monitoring of our critical vendors.
- Assist division management with strategic planning and recommend internal and external programs around vendor management’s needs.
- Develop strategies to achieve organizational goals; analyze markets and competition; identify external threats and opportunities and adapts strategy to changing conditions.
- Strategically and objectively translate data into actionable insights and strategies to assist with KPI’s and future development of the program.
- Coordinate the tracking and optimization of contract negotiations.
- May provide leadership, coaching and/or mentoring to a subordinate group.
- Assist in developing policies and procedures for Vendor Management.
Other duties as assigned.
Market Range: 10 / 40 hours per week / Hybrid - 2 Days in Office
Salary: $61,900 - $103,100
Accepting applications until: 9/11/25
Requirements
Requirements:
- High School Degree
- 4 years of vendor management or third-party risk management experience
About the Company
NYCM Insurance is a property and casualty insurance company located in central New York that employs over 900 personnel. The company was founded in 1899 by VanNess DeMar Robinson. We're always seeking motivated and upbeat individuals with a drive to inspire genuine care for people's well-being. By providing a quality insurance experience and care when it's needed most, our mission is to inspire courage so that everyone in our ecosystem may have hope for a better tomorrow.