At a Glance
- Tasks: Manage vendor relationships and drive initiatives to enhance customer experience.
- Company: Join Pacific Life, a purpose-driven company transforming the insurance industry.
- Benefits: Competitive salary, work-life balance, and opportunities for professional growth.
- Other info: On-site role in Newport Beach, CA or Charlotte, NC with excellent career advancement potential.
- Why this job: Make a real impact while collaborating with talented teams in a dynamic environment.
- Qualifications: 5+ years in vendor relations, strong communication skills, and IT sector experience.
The predicted salary is between 59400 - 72600 £ per year.
Providing for loved ones, planning rewarding retirements, saving enough for whatever lies ahead - our policyholders count on us to be there when it matters most. It's a big ask, but it's one that we have the power to deliver when we work together. We collaborate and innovate - pushing one another to transform not just Pacific Life, but the entire industry for the better. Why? Because it's the right thing to do. Pacific Life is more than a job, it's a career with purpose. It's a career where you have the support, balance, and resources to make a positive impact on the future - including your own.
We're actively seeking a talented Sr. Vendor Relations Specialist in our Newport Beach, CA or Charlotte, NC office. This role is on-site. You'll work at our Newport Beach, CA or Charlotte, NC office.
Vendor Relationship Management
- Cultivate and nurture strong working relationships with vendors to foster productive and collaborative partnerships.
- Act as liaison between company and vendors, ensuring clear communication and mutual understanding as appropriate for the relationship.
- Drive moderately complex initiatives, bringing in new perspectives to solve business problems with a goal of improving customer experience and operational efficiency.
- Provide guidance for the documentation of procedural changes in partnership with the Knowledge Management team to support vendor processing and related Pacific Life processes as needed.
- Proficient knowledge in supporting Technology areas ranging from Incident Management, SaaS, Cloud and Hybrid Environments, Data Centers, IT Operations and more.
Performance Monitoring
- Lead vendor performance monitoring to identify trends and implement changes as appropriate.
- Identify areas for improvement and collaborate with vendors and senior team members to implement necessary changes.
- Collaborate with internal teams to identify and communicate vendor opportunity trends that support our strategic goals.
- Lead weekly/monthly vendor performance calls, as assigned to discuss performance metrics, improvements, and feedback, leading as necessary.
- Keep track of service level agreements (SLAs) and quality standards with vendors to ensure that commitments are met and exceeded when possible.
- Establish best practices, ensuring contract/invoicing compliance, maintain pricing oversight and adherence to fee approval limits.
Communication and Service Support
- Serve as primary point of contact for vendor inquiries, addressing questions and resolving day-to-day issues as appropriate with minimal guidance from senior team members.
- Foster open lines of communication to promote transparency and effective collaboration.
- Provide timely responses to vendor-related inquiries, maintaining a high level of professionalism and accuracy.
- Keep vendors informed about relevant initiatives, changes, and updates that impact the vendor relationship.
- Partner closely with internal teams to enhance the vendor experience and address any challenges collaboratively.
- Work closely with Data teams to leverage, interpret, and apply sound analytics to internal and external data sources to support informed decision making.
- Ensure all assigned initiatives adhere to Ops project oversight expectations; Stakeholder needs and business requirements vetted and documented, business impacts evaluated, project outcomes/decisions tracked and communicated; Keep tasks in line with project scope through completion; Collaborate effectively with business partners across enterprise to gain consensus and ensure long term sustainability while meeting objectives; Feedback sought and/or provided to measure and evolve shape work quality.
- Viewed as the SME by the Business Operations area on any assigned vendor relationships and is highly regarded as a key partner in managing the day-to-day operations.
- Visible and active participant in any issues related to the assigned vendor relationships with an eye towards identifying and communicating ways in which business operations can run more effectively/efficiently within the context of the vendor engagement.
The experience you bring
- 5+ years relevant experience, demonstrating the following:
- Strong desire to deliver a superior customer service experience.
- Ability to work independently with minimal instruction, guidance, and direction from others.
- Ability to communicate in writing moderately complex thoughts and ideas, verbally and in writing.
- Proficient in Life insurance and Annuity operations activities and strong understanding of various outsourcing pricing models.
- Proficient in Microsoft Office with aptitude for Microsoft Excel and Microsoft PowerPoint.
- Solid understanding of project management processes/methodologies.
- Experience working in the IT sector and/or managing IT vendor relationships.
Sr. Vendor Relations Specialist II employer: pacificlife
Pacific Life is an exceptional employer that fosters a collaborative and dynamic work environment, particularly for the Director of Life Pricing & Actuarial Strategy role. With a strong emphasis on employee growth and leadership opportunities, this position not only supports relocation but also encourages innovation in product development within the life insurance sector. Join us to be part of a team that values your contributions and offers a fast-paced atmosphere where your expertise can truly make a difference.
StudySmarter Expert Advice🤫
We think this is how you could land Sr. Vendor Relations Specialist II
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like pacificlife. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Sr. Vendor Relations Specialist II
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to pacificlife.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on pacificlife's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at pacificlife
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with pacificlife.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at pacificlife will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former pacificlife employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.