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Mutual of Enumclaw

Vendor Management Leader

Procurement & SourcingConfirmed live in the last 24 hours
Full-timeSeattle, WA, USA$127.5k - $160.3kIn-person

About the Job

Requirements

  • Expertise in reviewing and synthesizing business proposals and contracts, distilling complex terms, pricing, and risks into clear recommendations for decision makers.
  • Strong negotiation skills and a record of securing favorable terms while protecting key relationships.
  • Sound judgment in assessing third-party risk and regulatory compliance.
  • Analytical skill in building key performance indicators, scorecards, and spend analysis.
  • Clear written and verbal communication with executives, business partners, and vendors.
  • Ability to lead cross-functional teams and manage several sourcing efforts at once.
  • Bachelor's degree in business, supply chain, finance, or a related field, or equivalent experience.
  • Seven or more years of experience in vendor management, procurement, or strategic sourcing, including three or more years in a leadership role.
  • Familiarity with third-party risk management frameworks and vendor management or contract lifecycle systems.

Responsibilities

  • Own the vendor portfolio from onboarding through renewal or exit, ensuring partners meet expected service standards.
  • Build and maintain collaborative relationships with key vendors, serve as the primary escalation point, conduct regular business reviews, and align vendor roadmaps with company priorities.
  • Monitor procurement activity across the organization and evaluate opportunities to consolidate, collaborate, and streamline purchases.
  • Lead negotiations for new agreements, renewals, and amendments; secure favorable pricing, service levels, terms, and protections; and track contracts and spend against strategic goals.
  • Track vendor delivery against service-level agreements and contract terms, confirm vendors meet regulatory, data privacy, and insurance industry requirements, and drive corrective action plans when needed.
  • Identify, assess, and mitigate third-party financial, operational, cybersecurity, concentration, and reputational risks; maintain risk ratings, due diligence records, and business continuity and exit plans for critical vendors.
  • Analyze supplier markets, pricing trends, and emerging providers to identify opportunities for cost savings, innovation, and improved service.
  • Define vendor evaluation criteria with business stakeholders, score proposals objectively, and recommend vendors that offer the best overall value.
  • Manage the sourcing cycle from requirements gathering and scope definition through requests for information and proposals, vendor questions, demonstrations, due diligence, response evaluation, negotiation, reviews by legal, IT security, and finance, contract execution, and onboarding handoff with owners and success measures.
  • Define and track key performance indicators for critical vendors, including service-level attainment, quality and error rates, responsiveness, cost savings and avoidance, member and agent impact, and contract compliance.
  • Produce regular scorecards, dashboards, and executive summaries on vendor performance, spend, and risk; present findings and recommendations to senior leadership and business owners.
  • Use performance trends and stakeholder feedback to improve vendor management processes, tools, and policies; standardize templates, streamline workflows, and mature the vendor management program.

Desired Qualifications

  • Experience in insurance or financial services.
  • Professional certification such as CPSM, CPM, or CTPRP.

About the Company

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