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Vendor Management In Insurance Jobs in New York (NOW HIRING)

Quest Diagnostics

Manager, Vendor Management

Secaucus, NJ · On-site

$150K - $160K/yr

This role will also be responsible for optimization opportunities and take lead in renegotiating ... Life and disability insurance, plus buy-up option * Flexible Spending Accounts * Annual incentive ...

CRC Group

Vendor Management Commercial Manager

New York, NY · On-site +1

$70K - $85K/yr

Directly involved in establishing and maintaining relationships with external vendors, as well as overseeing the internal Vendor Management team, to ensure that title insurance products and services ...

HUB

Director, BPO & Vendor Management

Summit, NJ · On-site

Qualifications Required 10+ years of progressive experience in operations management, BPO/outsourcing management, or vendor management, preferably within insurance, financial services, or a similarly ...

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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 the roles of vendor management in insurance?

Vendor management in insurance involves overseeing third-party providers to ensure they meet contractual obligations, quality standards, and compliance requirements. It includes activities such as vendor selection, performance monitoring, risk assessment, and contract negotiation, often supported by tools like vendor management systems. Effective vendor management helps insurers reduce risks, control costs, and improve service delivery.

What is vendor management in insurance?

Vendor management in insurance involves overseeing third-party service providers to ensure they meet contractual obligations, quality standards, and compliance requirements. It includes activities such as selecting vendors, negotiating contracts, monitoring performance, and managing risks to support insurance operations. Professionals in this field often use tools like vendor management systems and require strong negotiation and compliance skills.

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For Vendor Management In Insurance jobs in New York, the most frequently searched job titles are:

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The top searched job categories for Vendor Management In Insurance jobs in New York are:

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Cities in New York with the most Vendor Management In Insurance job openings:

Vendor Management In Insurance jobs near you

Vendor Management Specialist

A.M. Best Europe - Rating Services Ltd

Bedminster, NJ • On-site

Full-time

Medical, Dental, Vision, Retirement, PTO

Re-posted 5 days ago

Job description

Benefits Summary
  • Flexible and hybrid work arrangements
  • Paid time off/Paid company holidays
  • Medical plan options/prescription drug plan
  • Dental plan/vision plan options
  • Flexible spending and health savings accounts
  • 401(k) retirement savings plan with a Roth savings option and company matching contributions
  • Educational assistance program

Overview
The Vendor Management Specialist will support the head of Vendor Management by managing a portfolio of vendors throughout all phases of the vendor life cycle. The position will ensure that assigned vendors are selected, onboarded, monitored, renewed and terminated in accordance with Company policy in order to minimize the Company's exposure to risk.
Responsibilities
  • Manage a portfolio of multiple vendor engagements across all departments, while driving operational efficiencies and providing excellent client services.
  • Build and maintain long-lasting relationships with vendors.
  • Negotiate product pricing and contracts with vendors. Assist with updating, renewing, and canceling vendor contracts.
  • Communicate product-related issues and concerns to vendors.
  • Research new vendors in the market.
  • Facilitate communications between vendors and stakeholders.
  • Track vendor performance and mitigating actions. Compile reports, as needed.
  • Support resolution of vendor activities, inquiries, issues, incidents, service requests, and escalations.
  • Maintain vendor and contract data in the system of record (Venminder) and ensure reports and performance targets are met, reported, and submitted from vendors to be uploaded in the system.
  • Coordinate with Accounts Payable to assure that vendors are fully reviewed before initial payment.
  • Manage the periodic review of vendors and track expiring due diligence, insurance and tax documentation.
  • Assist in reviewing, updating and enhancing vendor management procedures.
  • Keep abreast of US and EU regulatory requirements.
  • Perform other related duties as assigned.

Qualifications
  • Bachelor's degree in relevant curriculum, legal, compliance, finance, or risk management preferred
  • Three plus years in Procurement and Vendor Management or related field
  • Experience in vendor management or procurement preferred. Certification in third party risk management preferred (CTPRP, CRVPM)
  • Proficiency in MS Office, especially Excel
  • Experience with Vendminder vendor management software preferred

Skills
• Experience effectively engaging with leadership and influencing internal stakeholders
• Ability to work in a constantly changing environment and manage priorities according to changing strategic objectives
• Ability to multitask and work well as part of a global team
• Excellent problem-solving skills, communication and interpersonal skills
• Excellent presentation skills
• Strong analytical and negotiation skills
• Strong interpersonal skills
• Ability to offer improved customer service

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