Sourcing and Vendor Manager

Are you ready to join a growing team that puts a premium on productivity and has an award-winning culture centered around transforming talented employees into effective business leaders? Then BHG Financial is the place for you.    In 2001, we started with an idea, an opportunity, and $25,000. Back then, our focus was strictly 
on serving those in the medical industry. With healthcare in our heritage, we soon expanded 
to serve high-earning professionals in many 
other industries, providing all with leading-edge financial solutions, including our extensive network of community banks.   Today, BHG Financial has firmly established 
its legacy as a leader in the financial services space. Founded on the philosophy of a better way to borrow, we are dedicated to helping accomplished professionals, small businesses, and institutions build upon their success through innovative financial solutions, a hassle-free process, and personalized concierge service.   Our relentless commitment to the success of our customers is part of what has made BHG Financial thrive. We take a 360-degree view of our customers to tailor the best solutions for their financial aspirations. Today's professionals have multiple sources of income, not just their paycheck. Therefore, it is essential to factor those in when making responsible lending decisions. Our continued focus on data, analytics, and proprietary modeling has enabled faster funding for our customers.     From business to personal loans to relationships with community banks, the country’s top professionals and business owners rely on us for our exceptional financial solutions and concierge service to continue their success and legacy.      
Who You Are You are a motivated Sourcing professional who is passionate about Vendor Management. You excel at vendor evaluations, negotiations, performance, and risk management, and have experience being part of a successful Sourcing & Vendor Management Office. You are a self-starter who has the ability to interact with senior leaders to developers and thrive in a fast-paced environment where you can help mature a Sourcing & Vendor Management Function.   This position requires the employee to work on a hybrid schedule, going into the office at least once a week. The office is located in Davie, FL. 

What You'll Do

• Maintain relationships between vendors and internal resources, including senior executives
• Maintain a Sourcing & Vendor framework in alignment with business stakeholders
• Facilitate contract renewals, extensions, and change orders as needed by business stakeholders
• Work alongside colleagues to assist with development of Statements of Work (SOWs) and to understand any current Requests for Information (RFIs), Requests for Quotations (RFQs), and Requests for Proposal (RFPs) in the pipeline.
• Establish contract management objectives, procedures, templates, and workflow processes for vendor contracts and deliverable schedules. Maintain a contract management database that contains all executed contracts, as well as contracts that are under development but are not yet active. Moreover, track obligations, deliverables and contract change notes. Manage and control access to documents as appropriate.
• Work with legal representatives to develop and insert appropriate legal protections in contracts, as warranted.
• Work with all teams (security, compliance and tax, HR, accounts payable [AP], and so on) to ensure that vendors are performing in accordance with existing requirements and regulatory obligations.
• Follow a knowledge base of negotiating strategies, best practices, and negotiation personnel and teams. Make improvements to processes, procedures, workflow, and organizational structures for contract management.
• Administer commercial and financial arrangements with vendors to include billing, invoicing, performance incentives and remedies, and internal chargebacks, where appropriate.
• Work with vendors and key stakeholders to establish clear contract change control processes.
• Other duties as assigned.

What You'll Need

• Minimum of 5-10 years' experience negotiating and managing contract life cycles, with an emphasis on technology or IT service agreements, is a plus
• A bachelor's degree is preferred, preferably in an analytical field (such as general business, economics, psychology, computer science, mathematics, statistics, or finance)
• Experience in negotiating and managing contracts in one or more categories, including consulting, hardware, software, service, and communication
• Strong interpersonal and communication skills
• Experience working with all key departments (security, compliance, finance, tax, AP, legal and procurement), and knowledge of procurement and vendor management practices
• Knowledge of IT concepts and systems
• Strong project and process management skills, with the ability to handle multiple vendors and multiple contracts, as well as a wide range of tasks
• Ability to understand contract risks and to work with other parts of the organization in crafting tactics and strategies for risk mitigation
• Knowledge of best practices for IT contract negotiation tactics and strategies
• Strong ability to communicate with IT users, legal and procurement staff, and business leaders to craft contracts that align complex needs with contractual requirements to achieve business outcomes
• Customer-focused approach to delivering contract management services to internal customers
• Demonstrated ability to leverage generative AI and AI-enabled tools to improve sourcing and vendor management activities
• Strong relationship and interpersonal skills to be applied in working with vendors across the entire contract life-cycle
• *Travel requirement: This position requires attendance at the Davie, FL office once a week. 

 

Life at BHG Financial At BHG Financial, we work hard and aren’t afraid to take risks. Since the beginning, our core values of PMA (positive mental attitude), team player, and loyalty have been the driving force behind every interaction we have between each other and our customers. We have a healthy respect for the daily grind, yet we value work/life balance. We believe that all employees should have the opportunity to lead and that good ideas can come from anyone. From the top down, our leaders are actively involved not only in strategic oversight and running the business, but also in the well-being and growth of all employees. We consider people our #1 asset, and help employees realize their full potential, set and exceed their goals, and explore new opportunities for personal and professional development.   Why You Should Join BHG Financial We strive to offer amenities, opportunities, events, and programming that support the interests of our teams, while furthering the culture that makes us Great Place to Work® certified. Some of the benefits you can expect when you join BHG Financial include:   •Medical/Rx/Dental/Vision coverage for employees and their eligible family members •Competitive PTO and vacation policies •1 Friday off each month for Wellness Weekends •Company 401(k) plan with employer contributions after one year •Company-sponsored training and certification opportunities •Quarterly award ceremonies where top achievers are celebrated and receive additional bonuses •Ongoing volunteer opportunities to give back to the community through our BHG Cares program   If you’re ready for a career where you can exercise your passions, be surrounded by co-workers who are relentlessly committed to service, and have a team-player mindset, apply today!   BHG Financial is committed to equal treatment and opportunity in all aspects of recruitment, selection, and employment without regard to gender, race, religion, national origin, ethnicity, disability, gender identity/expression, sexual orientation, veteran or military status, or any other category protected under the law. BHG Financial is an equal opportunity employer; committed to a community of inclusion, and an environment free from discrimination, harassment, and retaliation.