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Vendors and Contracts Analyst

Company Overview:

One Park Financial (OPF) is a leading Financial Technology company dedicated to empowering small businesses by connecting them with a wide variety of flexible financing and funding options. Our mission is to provide entrepreneurs with the working capital they need to elevate their businesses to new heights. At OPF, we believe in working with high-performing individuals who are ready to play an integral part in our company's expansion. We know that our success hinges on our people, and we strive to enable them to do what they do best.

 

Why Join Us?

At OPF, we foster a dynamic and inclusive company culture that emphasizes collaboration, innovation, and personal growth. Our team is composed of passionate, driven individuals who are committed to making a difference. Here’s what you can expect when you join our team:

  • Innovative Environment: Work with cutting-edge technology and be part of a team that is constantly pushing the boundaries of fintech.
  • Professional Growth: We invest in our employees’ growth with continuous learning opportunities, training programs, and career advancement paths.
  • Supportive Culture: Enjoy a supportive and inclusive work environment where your ideas are valued, and your contributions make a real impact.
  • Community Focus: Be part of a company that understands the importance of small and mid-sized businesses to their communities and the nation’s financial health.
  • High-Performing Team: Join a team of badasses who are committed to excellence and are integral to our company's expansion and success.

Job Summary:

The Vendors and Contracts Analyst is responsible for managing and analyzing vendor relationships, negotiating contracts, and ensuring compliance with legal and financial requirements. This role is key to optimizing vendor performance, reducing costs, and ensuring that all contracts meet the company’s standards and objectives.

Key Responsibilities:

  • Review and analyze vendors' contracts, to make recommendations, ensuring favorable terms and conditions for the company.
  • Maintain up-to-date records of all vendor agreements, pricing, and contract renewals.
  • Collaborate with internal departments (Ops, finance, IT, Legal) to understand vendor needs and ensure contract terms align with business objectives.
  • Monitor vendor performance, track key metrics, and recommend improvements where necessary.
  • Ensure compliance with all company policies, legal requirements, and financial regulations in vendor contracts.
  • Identify and help mitigate potential risks associated with vendor agreements and relationships.
  • Develop and maintain strong relationships with key vendors to ensure smooth business operations.
  • Assist in resolving any disputes or issues with vendors in a timely manner.
  • Other compliance-related responsibilities may be assigned.

  • Bachelor’s degree in legal, Business, Finance, Supply Chain Management, or a related field; or a combination of 2+ yr. relevant experience and education (Final year Student in university) may also be acceptable.
  • 1-2 years of experience in vendor management, contract analysis, or a similar role.
  • Strong negotiation skills.
  • Proficiency in data analytics tools (e.g., Excel, Power BI) to analyze vendor performance, cost savings, and other contract-related metrics.
  • Excellent attention to detail and ability to identify risks and opportunities within contracts.
  • Proficiency in contract management software and MS Office Suite.
  • Strong communication and interpersonal skills.
  • Ability to work independently and as part of a team.
  • Basic understanding of compliance rules and regulations, vendor management, or third-party risk management is a big plus.
  • Advanced English

Highly desirable:

  • Familiarity with platforms like DocuSign, or CongaSign or other CLM tools to manage the entire contract process efficiently.
  • Knowledge of Procurement Processes: Understanding of procurement principles, including sourcing, purchasing, and supplier relationship management.
  • Legal Knowledge: Basic understanding of contract law and regulatory compliance to ensure all vendor agreements meet legal standards.
  • Project Management Skills: Experience in managing cross-functional projects, particularly related to vendor performance and contract execution.
  • Big plus- Certifications: Professional certifications such as Certified Professional in Supply Management (CPSM), Certified Purchasing Manager (CPM), or Certified Commercial Contracts Manager (CCCM).
  • Industry-Specific Knowledge: Experience working with vendors in the finance/BPO sector and understanding of relevant industry regulations.
  • Experience with Risk Management: Ability to identify, evaluate, and mitigate potential risks in vendor contracts.
  • Private medical insurance plan
  • Growth Opportunities
  • Great work environment
  • Competitive salary
  • All benefits by law
One Park Financial Glassdoor Company Review
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CEO of One Park Financial
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John Lie-Nielsen
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Average salary estimate

$70000 / YEARLY (est.)
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$60000K
$80000K

If an employer mentions a salary or salary range on their job, we display it as an "Employer Estimate". If a job has no salary data, Rise displays an estimate if available.

What You Should Know About Vendors and Contracts Analyst, One Park Financial

At One Park Financial, we are on the lookout for a Vendors and Contracts Analyst to join our innovative team. This role is essential for helping us manage the relationships we have with our vendors, ensuring that all contracts are negotiated efficiently and effectively. By working closely with internal departments, such as operations, finance, and IT, the Vendors and Contracts Analyst will ensure that our agreements align with overall business objectives. A key aspect of the role includes tracking vendor performance and making recommendations that enhance our operations while reducing costs. We pride ourselves on having a dynamic and inclusive culture where your insights can help shape our future. As a part of OPF, you'll have the chance to thrive in an environment that emphasizes growth and collaboration. With opportunities for professional development, you’ll gain skills in contract management, compliance, and negotiation. Our community focus means you’ll play a crucial part in supporting small businesses, making a tangible difference in their success. If you possess strong analytical skills, a keen eye for detail, and a passion for vendor management, we’d love for you to bring your expertise to our team. Join us and elevate your career in the exciting world of Financial Technology!

Frequently Asked Questions (FAQs) for Vendors and Contracts Analyst Role at One Park Financial
What are the key responsibilities of a Vendors and Contracts Analyst at One Park Financial?

The Vendors and Contracts Analyst at One Park Financial is responsible for reviewing vendor contracts, maintaining accurate records, collaborating with internal departments, and ensuring compliance with regulations. They also track vendor performance and recommend improvements, making this a pivotal role in optimizing vendor relationships and reducing costs.

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What qualifications are required for the Vendors and Contracts Analyst position at One Park Financial?

To apply for the Vendors and Contracts Analyst position at One Park Financial, candidates should have a Bachelor's degree in legal, business, finance, or a related field, or relevant experience. Additionally, 1-2 years of experience in vendor management or contract analysis is preferred, along with strong negotiation and data analytics skills.

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How does One Park Financial support the professional growth of a Vendors and Contracts Analyst?

One Park Financial is committed to the professional growth of its employees, including Vendors and Contracts Analysts. The company offers continuous learning opportunities, training programs, and clear paths for career advancement, ensuring that employees can develop their skills and thrive in their roles.

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What tools and software are important for a Vendors and Contracts Analyst at One Park Financial?

The Vendors and Contracts Analyst at One Park Financial should be proficient in contract management software and data analytics tools like Excel and Power BI. Familiarity with platforms like DocuSign or CongaSign for managing contracts is also beneficial, as these tools help streamline the contract process.

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What does the work environment look like for a Vendors and Contracts Analyst at One Park Financial?

At One Park Financial, the work environment for a Vendors and Contracts Analyst is dynamic and inclusive, emphasizing collaboration and innovation. Employees are encouraged to bring their ideas to the table, making their contributions vital to the company's mission to empower small businesses.

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Common Interview Questions for Vendors and Contracts Analyst
Can you describe your experience with vendor management?

When answering this question, provide specific examples of how you've managed vendor relationships, highlighting your skills in negotiation, performance tracking, and compliance. Discuss how you’ve contributed to cost reductions and improved service offerings.

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What strategies do you use to analyze vendor contracts?

Discuss your approach to contract analysis, such as reviewing terms and conditions, identifying potential risks, and suggesting recommendations for better agreements. Mention any tools or software you’ve used for data analysis.

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How do you ensure compliance with legal requirements in vendor contracts?

Explain your understanding of relevant compliance regulations and how you incorporate them into contract management. Highlight any experience you have in working with legal teams to align contracts with regulatory standards.

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Describe a time you improved vendor performance.

Provide a specific instance where you identified performance issues with a vendor, detailing the steps you took to investigate and resolve them, and the positive outcomes that resulted from your actions.

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What tools do you typically use for contract management?

Mention the contract management software you have experience with and how it has helped streamline your processes for tracking agreements, renewals, and compliance checks.

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How do you handle disputes with vendors?

Share your approach to resolving disputes, including your negotiation techniques, communication strategies, and any relevant experiences where you successfully mediated an issue.

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What metrics do you track to ensure vendor efficiency?

Discuss the key performance indicators you monitor for vendor performance, such as delivery time, quality of service, and cost efficiency, and how this data informs your decision-making.

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Can you explain the procurement process you are familiar with?

Provide an overview of the procurement process you have worked with, including sourcing, evaluation, and selection of vendors, and how you ensure alignment with business objectives.

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What is your understanding of risk management in vendor relationships?

Explain your insights into identifying, evaluating, and mitigating risks in vendor contracts, and how you implement strategies to manage those risks effectively.

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How do you prioritize tasks when managing multiple vendor contracts?

Describe your time management strategies, including how you assess urgency and importance, and utilize tools or methods to keep track of multiple priorities.

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One Park Financial LLC is a leading provider of financing for small businesses nationwide. Our company is formed by a group of individuals who share the same passion: being at the service of local American small businesses. And those individuals w...

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Full-time, remote
DATE POSTED
December 10, 2024

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