Vendor Management Director (Remote)

Resp & Qualifications

PURPOSE :

The Director of Vendor Management is a pivotal leadership role responsible for overseeing both procurement operations and vendor management services, handling high level procurement escalations, supporting business owners in their procurement needs, managing the renewal cycle and providing leadership to CareFirst's third-party vendor management strategy and execution. the Director helps to build the vendor management office at CareFirst and will partner proactively and collaborate with leaders and internal stakeholders across all business units to ensure that the management of vendors is executed consistently and efficiently cross all levels and to proactively and positively influence behaviors. The Director will be responsible for employing appropriate strategies to reduce vendor risk, improve vendor performance, maximize value and decrease cost within vendor relationships. The Director will implement best practices in vendor management within the team and extend these practices across the organization. Additionally, the Director will establish analytics for top vendors and actively manage third party risk and spend. The ideal candidate is collaborative, organized and experienced in establishing and leading teams, with a strong background in procurement and / or vendor management.

ESSENTIAL FUNCTIONS :

• Build and lead the establishment of a vendor management office at CareFirst by providing long term vision and execution strategies from hiring and training talent to driving VMO initiatives.
• Create, maintain, and lead the delivery of policies, standards, procedures, communication and training strategies to support and sustain the Vendor Management Office.
• Drive the assessment of shadow VMO groups across the enterprise to develop a strategy for future organizational design, roles and responsibilities.
• Provides insight to business units and Executive leadership on current vendor relationships, including spend, relationship health and vendor performance, as well as providing mitigation options for any vendor-related issues and risks.
• Oversee vendor segmentation process and ensure vendors are appropriately classified based on CareFirst vendor tiers.
• Strategies will be employed to reduce vendor risk, improve vendor performance, maximize the value and opportunity to improve performance, and decrease cost within vendor relationships. Partners proactively with the business to influence behavior.

SUPERVISORY RESPONSIBILITY :

This position manages people.

QUALIFICATIONS :

Education Level : Bachelor's Degree in Business Administration or related field OR in lieu of a Bachelor's degree, an additional 4 years of relevant work experience is required in addition to the required work experience.

Experience : 8 years experience in purchasing, procurement, supplier collaboration, development and / or compliance. 3 years management experience.

Preferred Qualifications :

Knowledge, Skills and Abilities (KSAs)

Salary Range : $137,840 - $255,866

Salary Range Disclaimer

The disclosed range estimate has not been adjusted for the applicable geographic differential associated with the location at which the work is being performed. This compensation range is specific and considers factors such as (but not limited to) the scope and responsibilites of the position, the candidate's work experience, education / training, internal peer equity, and market and business consideration. It is not typical for an individual to be hired at the top of the range, as compensation decisions depend on each case's facts and circumstances, including but not limited to experience, internal equity, and location. In addition to your compensation, CareFirst offers a comprehensive benefits package, various incentive programs / plans, and 401k contribution programs / plans (all benefits / incentives are subject to eligibility requirements).

Department

Vendor Management

Equal Employment Opportunity

CareFirst BlueCross BlueShield is an Equal Opportunity (EEO) employer. It is the policy of the Company to provide equal employment opportunities to all qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, protected veteran or disabled status, or genetic information.

Where To Apply

Please visit our website to apply : www.carefirst.com / careers

Federal Disc / Physical Demand

Note : The incumbent is required to immediately disclose any debarment, exclusion, or other event that makes him / her ineligible to perform work directly or indirectly on Federal health care programs.

PHYSICAL DEMANDS :

The associate is primarily seated while performing the duties of the position. Occasional walking or standing is required. The hands are regularly used to write, type, key and handle or feel small controls and objects. The associate must frequently talk and hear. Weights up to 25 pounds are occasionally lifted.

Sponsorship in US

Must be eligible to work in the U.S. without Sponsorship.

LI-DM1

Salary : $137,840 - $255,866