Vendor Management Analyst (Financial Services)

Farm Bureau Financial Services West Des Moines, IA Full Time
West Des Moines, IA
44 days ago

Full Job Description

Vendor Management Analyst (Financial Services)

Are you a self-starter who is detail oriented? Do you have strong organizational skills and the ability to lay the groundwork for a new position within an organization? Are you comfortable negotiating and managing relationships with financial service software vendors? If so, this Vendor Management Analyst opportunity may be a great fit for you!

Who We Are: At Farm Bureau Financial Services, our client/members can feel confident knowing their family, home, cars and other property are protected. We value a culture where integrity, teamwork, passion, service, leadership and accountability are at the heart of every decision we make and every action we take. We're proud of our more than 80-year commitment to protecting the livelihoods and futures of our client/members and creating an atmosphere where our employees thrive.

What You'll Do: In partnership with IT and business leadership, you will be responsible for administering the end-to-end vendor management process for our Life Company vendor partners. You will facilitate the evaluation and selection of life vendors and software as well as negotiate competitive pricing, appropriate pricing structures, and aggressive business terms in the purchase of contracts. This is a pivotal role for our organization as you will be the main liaison between IT, Life Company, and our vendors. Other key responsibilities will include:

  • Tracking vendor performance to facilitate best decisions on new contracts and renewals, managing life pricing and performance disputes, and reviewing work orders and other service agreements.
  • Assist in administrating life systems procurement strategies to optimize spend and operate vendor management activities within the allocated budget.
  • Collaborating with all levels within the Company to help navigate the vendor management life cycle.
  • Actively monitor contract renewals for vendors by partnering with contract owners to ensure timely signings and negotiations of contract terms are taking place.
  • Retain copies of all contracts, master service agreements, statements of work, and NDA's.
  • Provide regular reporting on the vendor inventory from a risk perspective (financial, data risk and business continuity) as requested by Expense Committee and senior leadership.
  • Assist in management of the relationship with external negotiators, track their projects, expenses, and prepare invoices and statements of work (as necessary) for them.
  • Responds to audit requests related to vendor and contract management.

What It Takes to Join Our Team:

  • College degree or equivalent plus at least four years related work experience required.
  • Must have the ability to quickly switch between requests and handle multiple, complex assignments with attention to detail and accuracy.
  • Must have strong organizational skills and the ability to meet target dates/time deadlines.
  • Strong analytical/problem solving skills are required.
  • Sound negotiation skills are required.
  • Must have a strong understanding of legal and contractual terms used in vendor contracts.
  • Oral and written communication skills as appropriate to this position.
  • Limited travel is required.

What We Offer You: When you're on our team, you get more than a great paycheck. You'll hear about career development and educational opportunities. We offer an enhanced 401K with a match, low cost health, dental, and vision benefits, and life and disability insurance options. We also offer paid time off, including holidays and volunteer time, and teams who know how to have fun. Add to that an onsite wellness facility with fitness classes and programs, a daycare center, a cafeteria, and even an onsite medical clinic. Farm Bureau....where the grass really IS greener!

If you're interested in joining a company that appreciates its employees, provides growth and professional development opportunities, and offers great benefits, we invite you to apply today!

Work Authorization/Sponsorship: Applicants must be currently authorized to work in the United States on a full-time basis. We are not able to sponsor now or in the future, or take over sponsorship of, an employment visa or work authorization for this role. For example, we are not able to sponsor OPT status.