Vendor Management Analyst Jobs in Illinois

INTRODUCTION

Evolve the design and execution of the vendor management strategy framework to evaluate partnerships and provide regular updates on upcoming renewals, opportunities for optimization and overall vendor performance.

ROLE AND RESPONSIBILITIES

• Evaluate potential vendors and service providers and ensure alignment with IT strategy and goals.
• Partner with IT stakeholders and Sourcing to manage and negotiate supplier agreements.
• Build and manage relationships with internal stakeholders to understand their needs and ensure vendor services meet those needs.
• Oversee and manage strategic and large vendor contract renewals and support negotiation extensions or terminations as needed.
• Implement and coordinate a vendor engagement model with strategic vendor and internal stakeholders to ensure vendor performance and alignment with IT strategy.
• Establish and implement vendor performance metrics and KPIs, and create and publish IT metrics to ensure quality, timely and consistent delivery and progress against strategy.
• Organize and conduct regular performance reviews and audits to ensure vendors meet or exceed expectations.
• Address and resolve vendor performance risks and issues and implement corrective actions.
• Ensure vendors comply with regulatory requirements and company policies.
• Develop and maintain a vendor risk management framework.
• Manage, in conjunction with asset management resources, the tracking of software/hardware assets and consumption of on-premises and cloud-based entitlements.
• Establish and/or approve internal and external policies, standards and processes for vendor interaction.
• Support the vendor selection process, including RFPs, RFIs, and vendor assessments in partnership with IT stakeholders and UL Solutions’ Sourcing organization.
• Stay current with industry trends and best practices in vendor management.
• Identify opportunities for process improvements and implement changes to enhance vendor management practices.
• Lead initiatives to optimize vendor performance and value.
• Lead, mentor and foster a collaborative global team to deliver vendor management services and meet organizational objectives.
• Manage performance of direct reports by developing accountabilities, establishing performance objectives, providing career counseling, feedback and guidance and ensuring that all policies are understood and adhered to.
• Read and follow the Underwriters Laboratories Code of Conduct, and follow all physical and digital security practices.
• Performs other duties as directed.

BASIC QUALIFICATIONS

• Bachelor's degree in a related field.
• 5+ years of experience in vendor management or procurement.
• Strong negotiation and contract management skills.
• Excellent communication and interpersonal skills.
• Ability to analyze data and develop metrics.

PREFERRED QUALIFICATIONS

• Experience in IT vendor management.
• Knowledge of regulatory requirements related to vendor management.
• Familiarity with risk management frameworks.
• Project management experience.

WHAT WE OFFER:

• Total Rewards: We understand compensation is an important factor as you consider the next step in your career. The estimated salary range for this position is $150,000-$180,000 and is based on multiple factors, including job-related knowledge/skills, experience, geographical location, as well as other factors. This position is eligible for annual bonus compensation with a target payout of 5% of the base salary. This position also provides health benefits such as medical, dental and vision; wellness benefits such as mental and financial health; and retirement savings (401K) commensurate with the standard rewards offered in each individual location or country. We also provide full-time employees with paid time off including vacation (15 days), holiday including floating holidays (12 days) and sick time off (72 hours).

WHAT YOU’LL EXPERIENCE WORKING FOR ULS

UL Solutions has been pioneering change since 1894 and we’re still leading the way. From day one, we’ve blazed a trail protecting the planet and everyone on it. Our teams have influenced billions of products, plus services, software offerings and more. We break things, burn things and blow things up. All in the name of safety science.

That’s where you come in — because none of it could happen without you. It takes passion to protect people, problem-solving to safeguard personal data and conviction to make the world a more sustainable place. It takes bold ideas and brilliant minds to build a better world for future generations across the globe.

This is more than a job. It’s a calling. A passion to use our expertise and play our part in creating a more secure, sustainable world today — and tomorrow. As a member of our safety science community, you’ll use your ideas, your energy and your ambition to innovate, challenge and ultimately, help create a safer world.

Everyone here is unique. But we’re also a global community, working together to help create a safer world. Join UL Solutions and you can connect with the brightest minds in the business, all bringing their distinct perspectives and diverse backgrounds together to deliver real change.

Empowering our customers to keep the world safe means thinking ahead. It means investing in training and empowering our people to learn and innovate. At UL Solutions, we help build a better future — one where everyone benefits.

Join UL Solutions to be at the center of safety. To learn more about us and the work we do, visit UL.com

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