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  • 270 East Kilbourn Avenue
    Milwaukee, WI 53202

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Sr. Sourcing Vendor Management Analyst

MGIC • Milwaukee, WI

Posted 6 days ago

Job Snapshot

Experience - At least 7 year(s)
Degree - 4 Year Degree
Banking - Financial Services, Real Estate - Property Mgt, Computer Software
Distribution - Shipping, Supply Chain, Management

Job Description

Why work at MGIC?

Are you someone who wants to play a critical role in our company’s success? Do you enjoy solving puzzles and finding a better way to get things done? Are you someone who likes to Take The Lead and make an impact? If so, then imagine yourself at MGIC. At MGIC we are a team of dedicated professionals on a fearless mission. A team that fosters a culture of career development and continuous learning opportunities to help you rise to new heights. We are passionate about providing outstanding customer service and making a difference in our community. #WeAreMGIC

How will you make an impact?

As a member of the Sourcing Vendor Management team, you will act as a sourcing subject matter expert using sourcing methodologies for planning, due diligence, contract negotiations, and governance for indirect and direct spend. You will work on end-to-end strategic sourcing events with varying degrees of complexity. Responsibilities include establishing and maintaining collaborative and positive working relationships with senior management, business owners and internal partners such as Legal, Finance, IRM, Compliance, Audit, Information Services and Risk and various external partners. In addition, you can expect to:

•Draft RFP requirements and other documents, facilitate sessions with vendors, review bids, conduct vendor analysis, and build vendor evaluation/selection criteria in collaboration with the business owner and other stakeholders.
•Facilitate the initiation, review and negotiation of contracts (NDAs/MSAs/SOWs/EULAs) with the business owner and other stakeholders.
•Evaluate and negotiate new contracts and contract renewals that represent business requirements with a focus to drive optimal Total Cost of Ownership (TCO).
•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.
•Draft and manage contracts through collaboration with our Legal Department (e.g., master agreement, statement of work, amendment, pricing schedule, service level agreement, etc.)
•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. Perform benchmarking, spend analysis and other research to enhance results of sourcing events.
•Support IT initiatives by understanding all processes and stakeholders within the IT Organization. Solid understanding of IT contract terms, SOW’s SLA’s, KPI’s. Able to incorporate appropriate vendor performance measurements to advise business unit and IT representatives as to the validity and appropriate required content to support and manage third-party vendors.

Do you have what it takes?

•Must have a solid understanding of IS legal contracts and their application to the sourcing vendor management process, as well as strong negotiation skills. The position requires the ability to interact effectively and build relationships with MGIC senior management.
•Strong interpersonal skills, writing skills and customer service orientation required
•Project planning, negotiating, organizing, documenting and problem-solving skills required.
•Requires ability to take quick, decisive action in unique and complex situations to meet corporate business objectives and business requirements.
•Knowledge of business and legal implications of proposed sourcing solutions required
•Must have ability to perform equally well in a team environment or individually
•Completion of a Bachelor’s Degree. Additional experience (2 years) beyond the minimum (below) may be substituted for education beyond an Associate’s Degree.
•More than 7 years of recent experience with at least 5 years of sourcing and contract administration experience in the areas of software, hardware, SAAS and IT consulting services
Enjoy these benefits from day one:
•Competitive Salary & pay-for-performance bonus
•Financial Benefits (401k with company match, pension plan, profit sharing, HSA, wellness rewards program)
•On-site Fitness Center and classes (corporate office)
•Paid-time off and paid company holidays
•Business casual dress

Who we are:

We are a private mortgage insurer with $208.4 billion primary insurance in force covering approximately one million mortgages (as of November 30, 2018). MGIC provides a critical component of our country’s residential mortgage finance system, protecting mortgage investors from credit losses. Mortgage insurance from MGIC also benefits consumers by making affordable low-down-payment mortgages a reality. Bottom line…We put people into homes sooner! #WeAreMGIC

Our headquarters are located in downtown Milwaukee, a place that offers something for everyone with its big-city attractions and small-town atmosphere. MGIC is an nine-time recipient of the Milwaukee Journal Sentinel Top Work Places award. This is an award based on the opinion of our company's greatest asset, our talented and dedicated workforce! We are committed to being an active and positive member of the local Milwaukee community. Along with our co-workers, we support many local initiatives including:

•United Way
•United Performing Arts Fund
•Habitat for Humanity
•Junior Achievement
•Public Television Channel 10/36 Auction

We are proud to be an Equal Opportunity Employer. We maintain a drug-free workplace and perform pre-employment background and substance abuse testing.

For additional information about MGIC and to apply, please visit our website at
Job ID: 10454
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