Vendor Management Specialist

Responsibilities

Kforce has a client that is seeking a Vendor Management Specialist in Oldwick, NJ. Summary: This Vendor Management Specialist role is responsible for overseeing a portfolio of third-party vendors throughout the entire vendor lifecycle, including selection, onboarding, monitoring, renewal, and termination, while ensuring compliance with company policies and risk management standards. The position partners with internal stakeholders and vendors to negotiate contracts, manage pricing, resolve issues, track performance, maintain vendor records in Venminder, and ensure due diligence, insurance, tax, and regulatory requirements are met.

Requirements

• Vendor Management & Procurement Experience - 3+ years of managing vendors, supplier relationships, procurement activities, or related functions
• Third-Party Risk Management - Experience overseeing vendor due diligence, performance monitoring, compliance reviews, and risk mitigation activities
• Vendor Lifecycle Management - Experience supporting vendor onboarding, ongoing monitoring, periodic reviews, renewals, and terminations
• Data Management & Reporting - Experience maintaining vendor records, tracking KPIs, compiling reports, and ensuring data accuracy
• Microsoft Excel & Office Suite Proficiency - Strong Excel skills for reporting, tracking, and analysis
• Vendor Management Systems Experience - Experience with vendor management platforms; Venminder experience is preferred
• Regulatory & Compliance Knowledge - Understanding of vendor governance, regulatory requirements, and compliance standards, including exposure to U.S. and EU regulations
• Stakeholder & Relationship Management - Strong communication skills to work effectively with vendors, internal business partners, and leadership
• Contract Negotiation & Administration - Ability to negotiate pricing, terms, renewals, and contract cancellations while minimizing risk
• Issue Resolution & Escalation Management - Ability to investigate, track, and resolve vendor-related issues, incidents, service requests, and escalations

The pay range is the lowest to highest compensation we reasonably in good faith believe we would pay at posting for this role. We may ultimately pay more or less than this range. Employee pay is based on factors like relevant education, qualifications, certifications, experience, skills, seniority, location, performance, union contract and business needs. This range may be modified in the future.

We offer comprehensive benefits including medical/dental/vision insurance, HSA, FSA, 401(k), and life, disability & ADD insurance to eligible employees. Salaried personnel receive paid time off. Hourly employees are not eligible for paid time off unless required by law. Hourly employees on a Service Contract Act project are eligible for paid sick leave.

Note: Pay is not considered compensation until it is earned, vested and determinable. The amount and availability of any compensation remains in Kforce's sole discretion unless and until paid and may be modified in its discretion consistent with the law.

This job is not eligible for bonuses, incentives or commissions.

Kforce is an Equal Opportunity/Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, pregnancy, sexual orientation, gender identity, national origin, age, protected veteran status, or disability status.

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