Vendor Manager
Corporate Support
Vendor Manager-JO-1606-1033
Dallas, TX

Vendor Manager
Stearns Lending, LLC is a leading provider of mortgage lending services in Wholesale, Retail, Strategic Alliances and Consumer Direct sectors throughout the United States where licenses are held. The company was ranked as the #3 Wholesale Lender nationwide by Inside Mortgage Finance in 2016.*
If you are interested in joining an exciting team where excellence and customer service are a fundamental part of the culture, Stearns Lending, LLC is the place for you!
At Stearns, we consider all employees an everyday hero and we are always looking for OUTRAGEOUSLY TALENTED® individuals to join our team.
Job Summary:
The Vendor Manager is responsible for all planning and execution of purchasing and procurement strategies for spend across the organization to include: negotiating pricing for services, preparation of purchase order requests, contract negotiation and legal review coordination, RFI/RFP preparation and coordination, coordination of expense categories with the finance department for items being purchased, and facilitation of these activities as required to support the ongoing operation of the department.
Job Responsibilities:
Strategy & Planning
•Monitor and analyze trends in company spending and inventory control in order to make recommendations for the future, and to identify areas for possible savings.
•Develop, establish, implement, and enforce supplier and outsourcer guidelines, obligations, and service level agreements to the organization.
•Comply with all purchasing policies and procedures, including those for equipment, hardware, software, and service provision, in conjunction with department leads and department-specific requirements.
•Analyze trends and market conditions for present and future pricing, availability, lead-time, and capacity of goods and services.
•Interview, identify, and qualify potential new vendors or suppliers in order to secure more cost-effective sources of products and services.
•Develop and deliver purchasing and inventory reports, bid proposals, requirements documentation, and tender documents.
Acquisition & Deployment
•Define purchasing recommendations that support business goals, in collaboration with senior management and stakeholders.
•Negotiate pricing, terms and conditions of sale, and warranties of goods and products with key suppliers and vendors.
•Negotiate pricing, terms and conditions of contracts with contractors and/or service providers.
•Practice asset management for hardware, software, and equipment.
•Draft and submit budget proposals, and recommend subsequent budget changes as needed.
Operational Management
•Direct and manage sourcing strategies from beginning to end.
•Monitor vendor, service provider, outsourcer, and/or contractor performance to ensure quality of service.
•Provide periodic oversight and execution of vendor requalification.
•Manage procurement team staffing, including recruitment, supervision, scheduling, development, evaluation, and disciplinary actions.
•Establish and maintain regular written and in-person communications with the organization’s executives, department heads, and end users regarding pertinent sourcing activities.
•Effectively communicate procurement strategies to team members and stakeholders in a timely and clear fashion.
•Where necessary, develop and implement plans to auction, recycle, or otherwise sell obsolete inventory and equipment.
•Where necessary, coordinate delivery, installation, and storage of equipment and other collateral.
Desired Skills, Experience, or Education:
•Bachelor's degree in a technical field or business is preferred.
•3-5 years direct work experience in a purchasing or procurement capacity, including all aspects of purchasing strategy development and execution.
•Strong contract management and negotiation skills.
•Ability to deal tactfully with vendors, suppliers, and contractors who provide a broad spectrum of products and services.
•Superb budgeting, inventory, and cost-management skills.
•General knowledge of accounting, finance, marketing, and logistics.
•Can conform to shifting priorities in spending strategies, product demands, and purchasing timelines through analytical capabilities.
•Advanced level skills in Microsoft Excel, Word, Visio and PowerPoint.
•Strong familiarity with contract negotiations and legal standards for contracts.
•Ability to effectively prioritize and execute tasks in a high-pressure environment is crucial.
Stearns Lending is an equal housing lender and is licensed to conduct business in 49 states and the District of Columbia. Additionally, Stearns Lending is an approved HUD (United States Department of Housing and Urban Development) lender; a Single Family Issuer for Ginnie Mae (Government National Mortgage Association); an approved Seller/Servicer for Fannie Mae (Federal National Mortgage Association); and an approved Seller/Servicer for Freddie Mac (Federal Home Loan Mortgage Corporation). Stearns Lending is also approved as a VA (United States Department of Veterans Affairs) lender, a USDA (United States Department of Agriculture) lender, and is an approved lending institution with FHA (Federal Housing Administration). Stearns Lending, LLC is located at 4 Hutton Centre Drive, 10th Floor, Santa Ana, CA 92707. Company NMLS# 1854.
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