Sallie Mae

Senior Manager, Vendor Management

Sallie Mae$100K — $130K *
Business Services
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Strong knowledge of vendor management principles and industry trends.
  • Excellent negotiation and contract management skills.
  • Sound understanding of legal and regulatory requirements for vendor management.
  • Demonstrated capability to drive cost optimization and achieve measurable results.
  • Strong analytical and problem-solving abilities with data-driven decision-making.
  • Exceptional communication and stakeholder management skills.
  • Proven experience managing multiple vendors and projects simultaneously.

Responsibilities

  • Identify and assess potential vendors for partnership suitability.
  • Collaborate with legal and procurement teams to finalize compliant contracts.
  • Proactively identify and resolve vendor-related issues and conflicts.
  • Monitor vendor costs and track expenditures for optimization opportunities.
  • Align vendor management processes with organizational needs through collaboration with internal teams.
  • Drive continuous improvement initiatives in vendor management practices.

Benefits

  • Competitive base salaries
  • Bonus incentives
  • Generous PTO and floating holidays
  • Financial well-being support with employer-matched 401(k)
  • Comprehensive medical, dental, vision, and pet insurance
  • Employer-paid short-term/long-term disability
  • Flexible hybrid working arrangements
  • Paid parental leave and adoption reimbursement
  • Access to on-site fitness centers and gym subsidies
  • Confidential counseling support and wellness programs
  • Tuition reimbursement and family scholarship programs
  • Career development and training opportunities
Full Job Description
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
  • Identify potential vendors, assess their capabilities, and evaluate their suitability for partnership.
  • Collaborate with legal and procurement teams to review and finalize contracts, ensuring compliance with relevant regulations and policies.
  • Proactively identify and address vendor-related issues, resolving conflicts, and mitigating risks.
  • Monitor vendor costs, track expenditures, and identify opportunities for cost optimization.
  • 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.

The above information is intended to describe the general nature and level of work performed by employees assigned to this job; it is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities and qualifications required of employees in this role.

What you have

Minimum: Indicate 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.

Preferred: Indicate "nice to haves" regarding 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.

Feeling your best helps you do your best:
Our benefits take care of the whole you-so 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

About Sallie Mae

Sallie Mae is a publicly traded U.S. corporation that provides consumer banking. Its nature has changed dramatically since it was set up in 1973. At first, it was a government entity that serviced federal education loans. It then became private and started offering private student loans, although at one point it had a contract to service federal loans. The company's primary business is originating, servicing, and collecting private education loans. The company also provides college savings tools such as its Upromise rewards program. It is headquartered in Newark, Delaware.
Learn more about Sallie Mae
Size
2,400 employees
Industry

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