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Senior Manager, Vendor Management

Senior Manager, Vendor Management

SLMNew Castle, DE, US
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Senior Manager, Vendor Management

When you join Sallie Mae, you become a champion for all students. We're on a mission to power confidence as students begin their unique journey. To help them plan their higher education, successfully finish, and prepare for life after school. To help them Start smart. Learn big.

Students need guidance navigating this important time in their life. They need someone who acknowledges that their education path is unique. They need a partner willing to evolve and not only meet but surpass their expectations. We're changing. Because students need a better way.

We're looking for people who are excited to drive this transformation. To break barriers and think of new ways to adapt, help, and create better experiences for studentsand for each other.

This is where diverse backgrounds, beliefs, and perspectives matter. It's where you're empowered to bring your authentic self to work.

Feeling your best allows you to do your best. Our benefits take care of the whole youfrom physical and mental to financial and professional. You'll get opportunities to further your education and career, support for you and your family (including your pets!), paid time off to volunteer for the things that matter to you, and more.

We're obsessed with impact and making a real difference. For us, that means putting relationships first, asking "why not?" when tackling challenges, and continuously learning new skills.

Come do more than join something, change something. For students, for future generations, for the future of education.

What You'll Contribute

The Senior Manager, Vendor Management will be responsible for managing and optimizing our vendor relationships to drive operational efficiency, cost savings, and ensure the delivery of high-quality goods and services.

What You'll Do

  • Develop and maintain strong relationships with agencies, serving as the primary point of contact for agency-related matters.
  • Collaborate with agencies to understand their capabilities, align expectations, and build partnerships based on mutual trust and transparency.
  • Conduct regular agencies performance evaluations and provide feedback to drive continuous improvement.
  • Assign monthly recovery goals for all agencies.
  • Implement risk mitigation strategies, agency risk assessments, and ensure adherence to risk management policies and procedures.
  • Collaborate with internal teams such as procurement, legal, IT, and business units to align vendor management processes with organizational needs.
  • Drive continuous improvement initiatives to enhance vendor management processes and practices.
  • Proactively identify and address vendor-related issues, resolving conflicts, and mitigating risks.
  • Monitor vendor costs, track expenditures, and identify opportunities for cost optimization.

What You Have

Minimum education, skills and experience required.

  • Strong knowledge of vendor management principles, best practices, and industry trends.
  • Excellent negotiation, contract management, and vendor relationship building skills.
  • Sound understanding of legal and regulatory requirements related to vendor management.
  • Demonstrated ability to drive cost optimization initiatives and achieve measurable results.
  • Strong analytical and problem-solving skills with the ability to make data-driven decisions.
  • Exceptional communication, influencing, and stakeholder management abilities.
  • Proven track record of successfully managing multiple vendors and projects simultaneously.
  • High school diploma or equivalent; some college coursework in business or related fields is preferred.
  • 2+ years of experience in collections or related customer service roles, preferably in a financial or credit environment.
  • Proficiency in using collections software, customer relationship management (CRM) systems, and Microsoft Office Suite.
  • Ability to deliver presentations to senior leaders and large groups

    • Preferred education, skills, and experience.

  • Bachelor's degree in business administration, supply chain management, or a related field (Master's degree preferred).
  • 6+ years experience in vendor management, procurement, or strategic sourcing, with at least 3 years in a senior management role.

    • The Americans with Disabilities Act

    The Americans with Disabilities Act of 1990 (ADA) prohibits discrimination by employers, in compensation and employment opportunities, against qualified individuals with disabilities who, with or without reasonable accommodation, can perform the "essential functions" of a job. A function may be essential for any of several reasons, including : the job exists to perform that function, the employee holding the job was hired for his / her expertise in performing the function, or only a limited number of employees are available to perform that function.

    Our Benefits Take Care of the Whole YouSo You Can Build Your Work Around Your Life (Not the Other Way Around!)

  • Competitive base salaries
  • Bonus incentives
  • Generous PTO, Floating Holidays and 12 Federal Holidays observed
  • Support for financial-well-being and retirement 401k with employer match
  • Comprehensive medical, dental, vision, hospital indemnity, critical illness, pet insurance and more
  • Employer paid short-term / long-term disability and basic life insurance
  • Flexible hybrid working arrangements.
  • Paid parental leave and adoption reimbursement programs
  • Free access to on-site staffed fitness centers (in Delaware) and gym subsidy (for locations outside Delaware)
  • Confidential counseling support (EAP), Health Advocacy services and Wellness program with financial incentives
  • Tuition Reimbursement and Family Scholarship Programs
  • Career development and training opportunities

    • Sallie Mae is proud to be an equal opportunity (EEO) employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, gender, sexual orientation, national origin, age, genetic information, gender identity, disability, Veteran status or any other characteristic protected by federal, state or local law.

    Reasonable accommodations are available for applicants with disabilities in all phases of the application and employment process. To request an accommodation please call (855) 756-2007 and choose option 9. All information you provide will be kept confidential and will be used only to the extent required to provide needed reasonable accommodations.

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    Manager Vendor Management • New Castle, DE, US