Vendor Management Specialist

Community Financial Credit Union

Are you looking for an organization that is passionate about community and internal growth? Would you like to be a part of a team that supports the members it serves? Huzzah! Look no further than Community Financial Credit Union!

Community Financial Credit Union is a full-service financial institution that serves anyone living, working, worshiping, or attending school in Michigan. We are a not-for-profit institution and have been in business for over 70 years!

Community Financial Credit Union HQ is located in Plymouth, MI. We have 14 branches in the Metro Detroit Area well as Northern Michigan.

Job description:

The Vendor Management Specialist manages all vendor relationships and contracts for Community Financial Credit Union. This position will support department contract activities, lead complex contract negotiations and will collaborate with various lines of business, ensuring that all terms and pricing agreements made in the negotiation process are built into the contract and conform to CFCU’s strategy.

Compensation for this position has a starting amount of $54,300 annually but has the opportunity to increase with relevant work experience and transferrable skills.

A Day in the life of a Vendor Management Specialist can look like:

• Work closely with internal departments to verify that vendor contracts are structured with the appropriate risk provisions and mechanisms.
• Ensure vendors performance meet the credit union’s business objectives within the agreed costs and schedules.
• Manage vendor relationships in order to maximize savings for CFCU while minimizing contractual risks.
• Develop negotiation strategy and lead negotiation of complex vendor contracts.
• Maintain and continually develop the Vendor Management policies and procedures.
• Establish and maintain a strong working relationship with the eTeam, project management, compliance, and finance teams to optimize negotiations.
• Maintain a strong working knowledge of contract management guidelines related to vendor contracts while customizing legal contract verbiage within those guidelines to address specific business needs.
• Work with the eTeam in relation to contract terms and conditions, ensuring provisions meet CFCU’s objectives.
• Provide authoritative guidance to internal teams on CFCU goals and objectives relating to contract activity.
• Act as the primary liaison in the areas of contract negotiation between vendors, internal and external legal staff, and internal departments.
• Provide vendor contract review services and coordinate contract dispositions.
• Research, evaluate, and recommend contract management process improvements including vendor/contract management applications.
• Continually analyze and evaluate each program or vendor for improvement opportunities and work with appropriate parties towards implementation.
• Perform other duties as directed by leadership.

What you bring to the table:

• High school diploma and/or equivalent work experience.
• 2+ years of administrative experience.
• Legal aptitude and understanding of relationships between contract provisions
• Strong negotiating, interpersonal and analytical skills, professional attitude, and ability to interact with senior management across our industry
• Strong leadership skills with the ability to create fact-based recommendations in order to positively influence and achieve desired contractual results
• Excellent relationship management skills to work successfully across the credit union and to quickly gain the trust and confidence
• Use of independent judgment and creativity applied to the resolution of contract issues
• Strong communication skills with the ability to explain contractual provisions in easy-to-understand business terms
• Excellent organization, time and project management skills.
• Ability to manage multiple priorities and execute multiple tasks and projects simultaneously while meeting strict deadlines.
• Strong attention to detail.
• Timely work production.

You might also have:

• Bachelor's degree in business or related field and/or equivalent education and related training.
• 3 years of experience in contract management or closely related field.

Top benefits:

As a team member at Community Financial Credit Union, you’ll enjoy:

• Medical, dental, and vision plans
• Four weeks of PTO for all full-time team members
• Federal Bank Holidays off
• Flexible hybrid/remote work options
• A generous 401k match
• Numerous employee engagement activities

What our organization has to offer:

• Yay days
• Community Resource Groups
• Volunteer time off, caregiver time off, family event time off
• Volunteer opportunities
• Company events

What we stand for:

• We are vibrant: We feel the power that comes from focusing on what excites you.
• We are imaginative: All of the solutions are within us if we search beyond the rules.
• We are intuitive: The greatest injustice to humanity is ones failure to act on what they deem to be right.
• We Create Belonging as an organization: We acknowledge the importance of bringing your authentic self to everything you do.
• We Hustle + Grind: We move quickly, with intent to accomplish our impossible dreams.
• We Care Relentlessly: We are purposeful and thoughtful in our impossible dream to promote the financial wellbeing of every Michigander.
• We acknowledge Huzzah: After all is said and done, we recognize the importance of a high five and a job well done.

Contact/application information:

If this description appeals to you, please submit an application! A member of CFCU’s Talent Acquisition Team will be in contact with you shortly!

Equal Employment Opportunity Policy:
Community Financial Credit Union is an equal opportunity employer (M/F/D/V). We recruit, employ, train, compensate, and promote without regard to race, religion, creed, color, national origin, age, gender, sexual orientation, marital status, disability, veteran status, or any other basis protected by applicable Federal, State or local laws.