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Vendor Management In Insurance Jobs in Chicago, IL

BCU

Sr Mgr, Vendor Management

Vernon Hills, IL · On-site

$144K - $216K/yr

At the Credit Union, you'll have a career in a growing organization and an environment that ... Partner with vendor management system vendor to ensure that the application accurately reflects BCU ...

Harbor

Manager, Vendor Management Office

Chicago, IL · On-site +1

The Vendor Management Office team is a highly talented and cross-functional group of professionals ... Bachelor's degree in Business Administration, Finance, Economics, Supply Chain or Management ...

Spruce Infotech

IT Project Manager

Lake Forest, IL · On-site

$97K - $115K/yr

Strong IT project management track record with emphasis on successful delivery * Solid vendor ... Experience in insurance or financial services preferred

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All JobsVendor Management In Insurance JobsVendor Management In Insurance Jobs in Chicago, IL

Vendor Management In Insurance information

See Chicago, IL salary details

$55.6K

$58.7K

$61.3K

How much do vendor management in insurance jobs pay per year?

As of Jul 31, 2026, the average yearly pay for vendor management in insurance in Chicago, IL is $58,700.00, according to ZipRecruiter salary data. Most workers in this role earn between $58,700.00 and $58,700.00 per year, depending on experience, location, and employer.

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 Chicago, IL? For Vendor Management In Insurance jobs in Chicago, IL, the most frequently searched job titles are:
What job categories do people searching Vendor Management In Insurance jobs in Chicago, IL look for? The top searched job categories for Vendor Management In Insurance jobs in Chicago, IL are:
What cities near Chicago, IL are hiring for Vendor Management In Insurance jobs? Cities near Chicago, IL with the most Vendor Management In Insurance job openings:
Vendor Management In Insurance jobs near you
Infographic showing various Vendor Management In Insurance job openings in Chicago, IL as of July 2026, with employment types broken down into 100% Full Time. Highlights an 88% In-person, 6% Hybrid, and 6% Remote job distribution, with an average salary of $58,700 per year, or $28.2 per hour.

Sr Mgr, Vendor Management

BCU

Vernon Hills, IL • On-site

$144K - $216K/yr

Full-time

Re-posted yesterday

Job description

As an employer, BCU models the dynamic assets of a top workplace, including confidence in company leadership, competitive compensation and benefits, employee development, workplace flexibility, and a passionate employee culture supporting a unified vision. At the Credit Union, you'll have a career in a growing organization and an environment that supports your professional and personal growth.
Our WHY is the reason we exist: To Empower People to Discover Financial Freedom. What do you celebrate as your purpose? At BCU we celebrate what makes you authentically YOU! #bYOU
Watch this video to learn more about life at BCU!
Salary
This position has a base salary range of $144,000- 216,000 USD Annual. This range represents the expected base salary range for this position. The actual salary may vary based upon several factors including, but not limited to, relevant skills/experience and time in the role.
Summary
This role will be responsible for partnering with the Procurement and Legal Team, along with the lines of business and other Risk/Compliance/Audit and Security areas, to maintain, review, refine and oversee an effective third-party management program and framework.
Role and Responsibilities
  1. Assists with refining and maintaining the Vendor Management program, its processes and procedures.
  2. Partner with vendor management system vendor to ensure that the application accurately reflects BCU's vendor management processes and procedures ensuring accurate recordkeeping.
  3. Develop, modify, and maintain vendor management support and training materials.
  4. Manages the day-to-day risk assessment process for all vendor onboarding activities in partnership with Procurement, Legal and other BCU stakeholders doing business with the third party. Critically evaluates third-party vendor operational and security controls for risk.
  5. Identifies, responds, and where necessary, escalates any perceived vendor risks to the Business Owner, Information Security, Architecture, Finance, BCP, Investment Counsel, Procurement or Legal departments, as appropriate.
  6. Manages and provides status reports on portfolio of active vendor management review activities.
  7. Provides requested reporting on adherence to key performance indices, service level agreements and financial targets.
  8. Develops and manages the vendor performance scorecard review process and assists in defining Business Owner metrics. Facilitate discussions with BCU vendor and relationship managers on perceived value of the vendor relationship reflected in regular performance monitoring activities.
  9. Develop/maintain strong long-term working relationships with key business decision makers internally and externally with vendors and stakeholders throughout the year.
  10. Partners with business owners to ensure that BCU's adheres to our critical vendors' user acceptance requirements, or that the appropriate risk is defined, measured and mitigated.
  11. Administering full life cycle for vendor management processes and incorporating best practices.
  12. Analyze vendor management programs and identify continuous improvement processes.
  13. Working closely with vendors on a day-to-day basis.
  14. Establish KPIs and reporting frameworks to measure and improve vendor management program.
  15. Record all final third-party contact terms in the vendor management system or record.
  16. Partnering with the business and legal teams, ensure vendors meet regulatory, quality and compliance standards through informing the contract processes as well as performing routine due diligence.
  17. Participate in NCUA and other internal and external audits through orchestrating responses by providing required evidence to accurately reflect BCU's vendor management processes.
  18. Other responsibilities as assigned.

Qualifications and Education Requirements
      • An undergraduate degree in Supply Chain Management, Information Security, Business Administration, or other appropriate academic major. A graduate degree is highly preferred.
      • Eight (8) or more years of hands-on experience as a senior manager working with vendors, preferably in a banking or other financial institution environment.
      • A working knowledge of the LogicGate application, preferably in a vendor management or other risk analysis capacity.
      • Self-motivated with proven teamwork and negotiation skills.
      • Extensive knowledge of vendor management concepts including information security, risk and root cause analysis, contract administration, and procurement concepts.
      • Demonstrated vendor due diligence knowledge.
      • Must have strong analytical and communication skills to be impactful at all levels of the BCU organization, including external regulators and partners.
      • Ability to identify and quickly adapt to changing priorities.
      • Ability to draw conclusions and present data and recommendations to management at all levels of the BCU organization.

BCU Shared Values:
We foster an environment of INCLUSION. All individuals are treated fairly and respectfully, have equal access to opportunities and resources, and can contribute fully to the organization's success. We act with INTEGRITY. We follow the golden rule without exception. We display COURAGE in our convictions. We drive innovation, reaching beyond boundaries and thoughtfully explore new horizons. We excel through COLLABORATION. By working as one, sharing information and seeking solutions, we deliver exceptional outcomes. We WOW our members. We focus intensely on putting the member first, delivering extraordinary experiences that create lasting relationships inside and outside the organization.
We value relationships and referrals and are committed to creating the best work environment possible. From our casual dress code to flexible work arrangements, we've created a unique and inclusive culture that supports a healthy work/life balance. For this reason and more, BCU has been named a 2023 Gallup Exceptional Workplace Award Winner. #LoveBCU
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About BCU

Sourced by ZipRecruiter

Industry

Finance and insurance

Company size

501 - 1,000 Employees

Headquarters location

Vernon Hills, IL, US

Year founded

1981

Social media

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