Vendor Management Associate

Position Summary

What will your job entail?

Job Responsibilities:
• Establish and maintain relationships with key vendors.
• Negotiate contracts to ensure the company’s interests are protected and value is maximized.
• Monitor vendor performance to ensure contractual obligations are met.
• Identify and mitigate potential vendor risks.
• Resolve any issues that may arise between the company and its vendors.
• Develop and implement improvements to vendor management processes.
• Conduct regular vendor evaluations to ensure that they are meeting the company’s standards.
• Prepare and present reports on vendor performance.
• Collaborate with other departments to ensure vendor alignment with company objectives.
• Stay informed about market trends and advancements to inform vendor selection and management.
Work Experience and Education:
· Bachelor’s degree in finance, Business Administration, etc. strongly preferred

· Some insurance experience or within a related field having 6 months to a year of experience.
Licenses & Certifications:
· Certification in Supply Chain Management (CSCP) is preferred.
Technical/Functional Skills:
· Vendor Management
· Knowledge Of Insurance Industry
· Business Portfolio Management
· Cost Reduction Techniques
· Procurement
· Contract Management
· KPI Tracking
· Financial Management
· Process Improvement
· Insurance Policy Review
· Training and Development
Behavioral Skills:
· Effective Communication
· Interpersonal Skills
· Attention to Detail
· Decision Making
· Problem-Solving
· Continuous Learning

Ryan Specialty is an Equal Opportunity Employer. We are committed to building and sustaining a diverse workforce throughout the organization. Our vision is an inclusive and equitable workplace where all employees are valued for and evaluated on their performance and contributions. Differences in race, creed, color, religious beliefs, physical or mental capabilities, gender identity or expression, sexual orientation, and many other characteristics bring together varied perspectives and add value to the service we provide our clients, trading partners, and communities. This policy extends to all aspects of our employment practices, including but not limited to, recruiting, hiring, discipline, firing, promoting, transferring, compensation, benefits, training, leaves of absence, and other terms, conditions, and benefits of employment.

Ryan Specialty seeks to offer our employees a comprehensive and best-in-class benefits package that helps them — and their family members — achieve their physical, financial, and emotional well-being goals. In addition to paid time off for company holidays, vacation, sick and personal days, Ryan offers paid parental leave, mental health services and more.

The wage range for this role considers many factors, such as training, transferable skills, work experience, licensure and certification, business needs, and market demands. The pay range is subject to change and may be modified in the future. Full-time roles are eligible for bonuses and benefits. For additional information on Ryan Specialty Total Rewards, visit our website https://benefits.ryansg.com/. 

We provide individuals with disabilities reasonable accommodations to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment in accordance with applicable law. Please contact us to request an accommodation at [email protected] 

The above is intended to describe this job's general requirements. It is not to be construed as an exhaustive statement of duties, responsibilities, or physical requirements. Nothing in this job description restricts management's right to assign or reassign duties and responsibilities to this job at any time. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.