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Vendor Management In Insurance Jobs in California

AeroVironment

Vendor Management Analyst I

Simi Valley, CA · On-site

$70K - $107K/yr

Success in this role requires strong attention to detail, organization, communication, and follow-through across a high volume of tasks and stakeholders. Position Responsibilities * Supports the ...

Ingram Micro

Sr IT Vendor Manager

Irvine, CA · On-site

$116K - $197K/yr

... in IT vendor relationship management, vendor governance & performance management, vendor risk ... life insurance, and wellbeing benefits, among others. This is not a complete listing of the job ...

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Vendor Management In Insurance information

What is the difference between Vendor Management In Insurance vs Claims Specialist in Insurance?

AspectVendor Management In InsuranceClaims Specialist in Insurance
CredentialsTypically requires insurance knowledge, vendor management certifications, and industry experienceRequires insurance adjuster licenses, claims handling certifications, and industry knowledge
Work EnvironmentOffice-based, vendor negotiations, contract management, and coordinationField and office-based, claims assessment, customer interaction, and documentation
Employer & Industry UsageInsurance companies, third-party vendors, and brokersInsurance carriers, third-party administrators, and claims departments
Search & Comparison IntentUnderstanding vendor relations and management roles in insuranceClaims processing and customer service roles in insurance

Vendor Management In Insurance focuses on managing relationships with external vendors, negotiating contracts, and ensuring service quality. Claims Specialists handle claims processing, customer interactions, and assessing insurance claims. While both roles are essential in the insurance industry, they differ in responsibilities, required credentials, and daily tasks.

What are popular job titles related to Vendor Management In Insurance jobs in California? For Vendor Management In Insurance jobs in California, the most frequently searched job titles are:
What job categories do people searching Vendor Management In Insurance jobs in California look for? The top searched job categories for Vendor Management In Insurance jobs in California are:
What cities in California are hiring for Vendor Management In Insurance jobs? Cities in California with the most Vendor Management In Insurance job openings:
Vendor Management In Insurance jobs near you
Vendor Management Specialist

Vendor Management Specialist

Commonwealth Business Bank

Los Angeles, CA • On-site

$60K - $65K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 21 days ago

Job description

WORK ENVIRONMENT

Full-time on-site office setting in Los Angeles, CA


Adheres to Bank policies and procedures and complies with all State and Federal banking regulatory requirements, including but not limited to FDICIA, Bank Secrecy Act, Anti-Money Laundering, OFAC, Customers Right to Privacy Act, Regulation D, Regulation DD/Truth in savings, USA Patriot Act, CIP, Elder Care, Sexual Harassment, Information Security and Privacy requirements as they pertain to this position.

POSITION OVERVIEW
The Vendor Management role is responsible for overseeing third-party vendor relationships to ensure services are delivered in compliance with bank policies, regulatory requirements, and contractual obligations. This role supports risk management, cost optimization, and performance monitoring of vendors that provide critical services to the bank.


POSITION RESPONSIBILITIES

  • Manage end-to-end vendor lifecycle, including onboarding, contract execution, performance monitoring, and offboarding
  • Ensure all vendor relationships comply with bank policies, internal controls, and regulatory requirements (e.g., OCC, FDIC, FFIEC guidelines if applicable)
  • Conduct vendor risk assessments, including financial, operational, cybersecurity, and compliance risks
  • Track and evaluate vendor performance against SLAs (Service Level Agreements) and KPIs
  • Coordinate with Procurement, Legal, Compliance, IT, and Risk teams during vendor selection and review processes
  • Review and negotiate contracts, amendments, and renewals in partnership with Legal and Procurement
  • Maintain accurate vendor inventory and documentation in vendor management systems
  • Identify cost-saving opportunities and support vendor consolidation initiatives Escalate vendor issues and ensure timely resolution of service disruptions
  • Support internal and external audits related to vendor management activities
  • Monitor concentration risk and ensure appropriate diversification of vendors


QUALIFICATIONS

  • Bachelor’s degree in Business, Finance, Accounting, or related field
  • 2–7+ years of experience in vendor management, procurement, risk, or operations (banking/financial services preferred)
  • Strong understanding of third-party risk management frameworks
  • Experience with contract review and SLA management
  • Familiarity with regulatory expectations for financial institutions is a plus
  • Strong analytical, communication, and negotiation skills
  • Proficiency in vendor management systems


PREFFERED SKILLS

  • Knowledge of banking regulations (OCC, FFIEC, Basel frameworks)
  • Experience working with IT, cybersecurity, or fintech vendors
  • Project management skills
  • Ability to manage multiple vendors and priorities simultaneously

EXPERIENCE

  • Minimum of 2-3 years of experience (Preferred)


REWARDS PACKAGE

  • Medical Insurance
  • Dental Insurance
  • Vision Insurance
  • Life Insurance
  • Paid Time Off
  • 401(k) with Matching Contributions


We offer a competitive total rewards package, including but not limited to Medical, Dental, Vision, and Life Insurance, 401k retirement savings plan, and paid federal holidays, for this full-time position within the annual salary range of $60,000 - $65,000. Annual pay ranges are determined based on qualifications, level, and location. Exact compensation may vary based on your skills and experience.


Must be authorized to work in the US.


We are an Equal Opportunity Employer. All applicants will receive consideration for employment without regard to race, color, ancestry, religion, sex, national origin, sexual orientation, age, marital status, disability, gender identity, gender expression, genetic information, or military or Veteran status, or any other characteristic protected by law.