Lead Sourcing Vendor Management Analyst - IT

At MGIC, we take pride in knowing that what we do matters. As pioneers of private mortgage insurance, we help people achieve homeownership sooner - making affordable low-down-payment mortgages a reality. Our efforts have helped more than 14 million people get the keys to their own homes sooner than otherwise possible. Every position is critical to our company's success - from the analytical to the technical; from the strategic to the tactical. The customer-facing roles to behind-the-scenes experts, we're all part of one team. We're an organization with a national footprint that's large enough to never lack for a new challenge, but small enough for an opportunity to make an impact and influence decisions. Come make a difference at MGIC.

How will you make an impact?

As a member of the Sourcing Vendor Management team, you will act as the subject matter expert supporting corporate procurement needs. You will have an active role in monitoring top tier vendor relationships/performance to mitigate third party risk to MGIC. You will support the business in resolving vendor escalations. Responsibilities include establishing and maintaining collaborative and positive working relationships with senior management, business owners, internal stakeholders and various external partners. You can expect to:

• Work on end-to-end strategic sourcing events with varying degrees of complexity.
• Support initiatives by understanding processes and stakeholders within the Organization.
• Create RFP requirements and other related documents, conduct vendor analysis, and lead negotiations.
• Participate in vendor governance and escalations.
• Perform benchmarking, spend analysis and other research to enhance results.
• Facilitate the initiation, review and negotiation of contracts (NDAs/MSAs/SOWs, etc.) with Legal, business owners and other stakeholders.
• Evaluate and negotiate terms that represent business requirements to drive optimal Total Cost of Ownership (TCO) and actionable SLA’s.
• Adhere to corporate contracting standards and policies and escalate contract terms that impact the business owner/vendor risk profile for discussion and approval as appropriate.
• Collaborate with Information Risk Management for data risk assessment.
• Maintain awareness of changing market conditions, as well as strategic business directions and senior management directives that create opportunities for cost savings/avoidance and efficiency.
  
  

Do you have what it takes?

• Knowledge of commercial IT contract terms and legal implications and actionable SLA’s.
• A deep understanding of software subscriptions and license agreements.
• A strong understanding of procurement methodologies and process.
• Elevated negotiation skills.
• An ability to navigate unique and complex situations to meet corporate business objectives and business requirements.
• An ability to perform equally well in a team environment or individually.
• At least 5 years of sourcing and contract administration with experience supporting the Information Technology category including:
• Hardware
• Software
• PaaS/ SaaS
• Professional Services
  

You might be a good fit if you like to:

• Collaborate and build relationships with senior management, business owners and internal stakeholders
• Have strong interpersonal and writing skills
• Stay organized and keep strong documentation
• Come up with strategic solutions to problems
  
  

Pay Range:

$107,300.00 - $182,410.00

This range aligns with current market data and reflects our commitment to competitive and equitable compensation. Salary offers are based on factors such as experience, skills, education, and training. The range may vary in certain locations to reflect local market conditions. It is not typical to initiate pay at the top of the range to account for internal equity and allow for future and continued salary growth

Enjoy these benefits from day one:

• Competitive Salary & pay-for-performance bonus
• Financial Benefits (401k with company match, profit sharing, HSA, wellness program)
• On-site Fitness Center and classes (corporate office)
• Paid-time off and paid company holidays
• Business casual dress
  
  

For additional information about MGIC and to apply, please visit our website at www.mgic.com/careers.

Note to all recruitment agencies:

MGIC does not accept unsolicited agency resumes. Any unsolicited resumes sent to MGIC, directly or indirectly, will be considered MGIC property. MGIC is not responsible for any agency fees associated with unsolicited resumes. A recruiting agency must have a valid, written and fully executed agency agreement to assist with a requisition.