Vendor Contract & Performance Specialist at First Bank

• Responsible for the coordination of the Vendor On-Boarding and Vendor Lifecycle Management process
• Provide support and guidance to the internal Business Units on the processes required to bring new suppliers onto the FirstBank Approved Supplier List/First Bank Registration process
• Conduct and track the Vendor Performance on regular basis and as required
• Act as administrator for Contract Lifecycle Management – contract templates, contract upload, database management, access control, renewal/expiry management and archival.
• Drive supplier and third-party risk management practice – supplier risk assessment, monitoring and remediation.

DUTIES & RESPONSIBILITIES

• Oversight of the progress of each vendor engagement by ensuring that Business Units are following the correct procedures and providing advice and guidance as required
• Demonstrate strong organizational and communication and relationship management skills
• Understand Procurement policies, Governance Frameworks and Charters
• Implement, Track and Report on Vendor Performance to capture performance and improvement.
• Proactively seek and build continuous and meaningful engagements with the Business Units and Vendors to shape services and improve value delivered from the supply chain
• Support the creation, and implementation of strategies to ensure that ‘customer focus’ is paramount
• Maintaining a large electronic contracts data base with expiry dates and key terms, and providing timely notification of expiring contracts to the Category Managers
• Create and maintain electronic records of executed vendor contract documents
• Developing performance indicators and Performance Improvement Plans (PIP) for vendors etc.
• Collaborate with Category Managers to evaluate and monitor contracts/Service Level Agreement to ensure vendors comply with contractual terms and conditions
• Understand the ways to drive and measure value from vendors
• Work with internal and external stakeholders in developing vendor contracts
• Ensuring adequate performance management, vendor rationalization, sanctioning/conflict management, vendor onboarding,
• Regular review of the vendor database - supplier base optimization, supplier segmentation; monitoring regulatory requirements, and compliance.
• Meet the requirement for procurement professional certification [Chartered Institute of Procurement and Supply (CIPS)]

JOB REQUIREMENTS

Education

• A good first degree in any discipline from a reputable institution

Experience

• Minimum experience: 2-4 years relevant experience needed