Vendor Alliances Consultant

Job not on LinkedIn

🔥 3 minutes ago

🔔 Pennsylvania – Remote

🔔 Pennsylvania – Remote

💵 $65.6k - $121.8k / year

⏰ Full Time

🟡 Mid-level

🟠 Senior

💼 Consultant

🦅 H1B Visa Sponsor

This company has sponsored H1B visas in the past.

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Capital Blue Cross

WebsiteLinkedInAll Job Openings

1001 - 5000 employees

Founded 1938

🏥 Healthcare

💼 Consulting

🛡️ Insurance

Healthcare • Consulting • Insurance

Capital Blue Cross is a health insurance company that offers a range of health plans for individuals, families, and employers. They serve customers in Central Pennsylvania and the Lehigh Valley, focusing on providing health coverage services such as Medicare plans, student health plans, and resources for managing medical care. Capital Blue Cross positions itself as a partner in health, emphasizing support for members' overall wellness and preventive health measures.

📋 Description

• Lead all components of the vendor lifecycle for Tier 1 and Tier 2 vendors, including vendor strategy and prioritization, negotiation strategy development and execution, cross-functional business engagement, vendor oversight and performance management, and value realization tracking • Participate as a strategic contributor in RFP, RFI, and RFQ sourcing events • Define sourcing requirements, evaluate vendor responses, and support negotiation strategy and final vendor selection decisions • Improve strategic vendor management practices, including vendor prioritization, negotiation effectiveness, benchmarking utilization, and stakeholder engagement • Draft, negotiate, obtain approval for, and execute vendor contracts • Monitor vendors’ performance against contracts, including performance guarantees and service levels • Communicate regularly with internal business stakeholders regarding vendor performance • Participate in decisions to disengage or renew vendors and assist with disengagement or renewal • Identify and implement process improvements to increase overall vendor lifecycle effectiveness • Work with Privacy, Security, Legal, and Compliance to ensure the Vendor Lifecycle follows relevant policies, procedures, laws, and regulations • Represent Vendor Alliances in internal work groups and Department/Division strategy meetings • Advise business groups on processes and strategies that align, or do not align, with vendor contract terms and conditions • Assist in developing and modifying Capital's vendor strategy, including sourcing, negotiation, oversight, and disengagement • Serve as an internal consultant to business areas on vendor strategy and engagement

🎯 Requirements

• 3 years' experience in a Vendor Management, Vendor Contracting, and/or Vendor Procurement environment • Ability to manage a portfolio of high impact, high-risk, high-value vendors • Ability to apply vendor tiering and prioritization frameworks • Ability to translate benchmarking and analytics into actionable negotiation strategies • Proficient in Microsoft Office (Word, Excel, PowerPoint, Teams) and SharePoint • Proficient in Contract Lifecycle Management software • Knowledge of vendor tiering frameworks and portfolio segmentation • Knowledge of benchmarking tools and cost optimization practices • Knowledge of vendor oversight best practices • Skilled in contract drafting and negotiation • Proficient in vendor management practices • Strong negotiation, contract management, and decision-making skills • Strong analytical, problem-solving, collaboration, organizational, verbal, and written communication skills • Ability to work independently and as part of a high-performance team under tight time constraints and manage multiple priorities • Bachelor’s degree in business, finance, or a health-related field is preferred • Ability to work over 40 hours per week • Ability to occasionally lift and/or move up to 5 pounds

🏖️ Benefits

• Medical, Dental & Vision coverage • Retirement Plan • Paid Time Off • Holidays • Volunteer time off • Incentive Plan • Tuition Reimbursement • Flexible environment • Training and continuing education • Potential travel to external meetings, conferences, vendors, etc. (less than 10%)