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- Tasks: Lead the management of key SaaS suppliers and oversee vendor performance.
- Company: Join a market-leading insurance company with a strong growth trajectory.
- Benefits: Enjoy flexible hybrid working, 35+ days holiday, and competitive health benefits.
- Why this job: Be part of a dynamic team driving innovation in vendor management and strategic relationships.
- Qualifications: Experience in managing vendor relationships; SaaS experience is a plus but not essential.
- Other info: This is a newly created role, perfect for those looking to make an impact.
The predicted salary is between 44000 - 66000 £ per year.
Procurement Heads are partnering with a market-leading insurance company to support with the appointment of an IT Vendor Manager. This is a newly created role, leading the management of a handful of business-critical, Tier-1 SaaS suppliers. While experience with SaaS vendors would be desirable, it is not essential as long as you have experience managing other key strategic vendor relationships. After having their best ever year last year, this role represents one of many new positions the organisation is investing in, so it's a great time to be joining. The role will be based in their Southampton office, with 2 days a week spent in the office and the rest spent working from home.
Main Responsibilities as IT Vendor Manager:
- To oversee SaaS vendor performance, developing and managing supplier relationships to protect business interests and ensure costs reflect fair market value.
- Develop and maintain SaaS assurance models for vendors within the allocated portfolio, supporting areas such as Information Security, Compliance and Data Governance.
- Ensure any negotiation of commercial terms for strategic IT contracts provides beneficial outcomes for the business and the customer.
- Provide subject matter input to facilitate commercial terms discussions and value of contracts alongside or supporting the Central Procurement Team as appropriate.
- Maintain an awareness of innovation and opportunities in the SaaS Vendor market, translating these into strategic business outcomes.
- Identify and report risks associated with existing or potential SaaS vendors.
- Build effective strategic relationships with SaaS vendors ensuring sustainable business value is achieved.
Benefits of the IT Vendor Manager:
- Up to GBP55,000 salary.
- Flexible hybrid working policy (1 to 2 days in the office).
- A minimum of 35 days holiday (inc. bank holidays).
- Annual bonus schemes.
- Competitive private pension contribution.
- Health benefits include dental insurance and health cash plan.
- 16 weeks of full pay for maternity/paternity/adoption entitlement.
- Life insurance and critical illness cover.
- Retail discounts and Tech schemes.
IT Vendor Manager employer: Sy2
Contact Detail:
Sy2 Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land IT Vendor Manager
✨Tip Number 1
Familiarise yourself with the latest trends in SaaS vendor management. Understanding current market dynamics and innovations can give you an edge during discussions and interviews, showcasing your proactive approach to the role.
✨Tip Number 2
Network with professionals in the IT procurement space. Attend industry events or join relevant online forums to connect with others who have experience managing SaaS vendors. This can provide valuable insights and potentially lead to referrals.
✨Tip Number 3
Prepare to discuss specific examples of how you've successfully managed vendor relationships in the past. Highlighting your negotiation skills and ability to drive value will demonstrate your capability to excel in this new role.
✨Tip Number 4
Research the company’s existing SaaS vendors and their performance metrics. Being knowledgeable about their current partnerships will allow you to ask insightful questions during the interview, showing your genuine interest in the position.
We think you need these skills to ace IT Vendor Manager
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in vendor management, particularly with SaaS suppliers if applicable. Use specific examples to demonstrate your skills in managing strategic relationships and negotiating contracts.
Craft a Compelling Cover Letter: Write a cover letter that addresses the key responsibilities of the IT Vendor Manager role. Emphasise your ability to oversee vendor performance and develop supplier relationships, while also showcasing your understanding of compliance and data governance.
Highlight Relevant Skills: In your application, focus on skills such as negotiation, risk management, and strategic thinking. Mention any experience you have with innovation in the SaaS market, as this is crucial for the role.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any spelling or grammatical errors. A polished application reflects your attention to detail, which is essential for an IT Vendor Manager.
How to prepare for a job interview at Sy2
✨Understand the SaaS Landscape
Even if you don't have direct experience with SaaS vendors, it's crucial to familiarise yourself with the SaaS market. Research key players, trends, and innovations in the industry to demonstrate your proactive approach and understanding of the role.
✨Showcase Relationship Management Skills
Prepare examples from your past experiences where you've successfully managed vendor relationships. Highlight how you built trust, resolved conflicts, and ensured mutual benefits, as these skills are vital for the IT Vendor Manager position.
✨Be Ready for Negotiation Scenarios
Expect questions about negotiation tactics and strategies. Think of specific instances where you negotiated terms that benefited both parties, and be prepared to discuss your thought process and outcomes during those negotiations.
✨Demonstrate Risk Awareness
The role involves identifying and reporting risks associated with vendors. Be prepared to discuss how you assess risks in vendor relationships and what steps you take to mitigate them, showcasing your analytical and strategic thinking skills.
