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    Vendor Management Lead - Los Angeles, United States - LOS ANGELES CAPITAL MANAGEMENT LLC

    LOS ANGELES CAPITAL MANAGEMENT LLC
    LOS ANGELES CAPITAL MANAGEMENT LLC Los Angeles, United States

    4 days ago

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    Description

    Job Description

    Job Description

    Vendor Management Lead

    About the Firm

    Firm Mission

    "Achieving Client Success through Research and Technology"

    Los Angeles Capital, the "Firm", is a global equity manager of assets for leading institutions around the world. The Firm is recognized as a pioneer in dynamic equity management, utilizing proprietary technology to engineer equity portfolios that adapt to today's equity market. The Firm's senior investment professionals have worked together for three decades developing models for measuring and forecasting return and risk of global equity securities. The Firm manages approximately $31 billion as of December 1, 2023, across a wide variety of public equity strategies designed to meet institutional client return and risk objectives. The Firm has been ranked for seven years in a row by Pensions and Investments as one of the "Best Places to Work in Money Management." The Firm's working environment places a strong focus on teamwork and values work-life balance. The Firm offers a competitive compensation package that includes health care plans, 401(k), and top-tier benefits. The Firm is 100% employee-owned through a holding company structure and seeks to retain and motivate employees' long term. Los Angeles Capital firmly believes the quality and commitment of the individuals are vital to the success of the Firm, ensuring that client expectations are exceeded.

    Position Overview:

    Reporting to the Chief Financial Officer, the Vendor Management Lead is responsible for handling all aspects of vendor management at the Firm related to vendor data and systems. Areas of responsibility include contract review, drafting, negotiation, and administration to provide for contract onboarding or renewal in accordance with company policy and guidelines.

    Key Job Responsibilities:

    • Represent the organization as the primary contact on assigned contracts and maintaining strong relationships with key vendors
    • Work towards developing a comprehensive vendor management program
    • Review, interpret, recommend, draft, and negotiate contractual terms and conditions and interpret established policies, procedures, and standard practices to develop proactive plans to ensure contract activities achieve desired objectives and timetables
    • Work closely with the Legal department, review drafts as necessary, and negotiate terms and conditions of non-disclosure, license, and memorandum of understanding agreements
    • Participate in and may lead negotiating and modifying standard contracts and assist in negotiating and modifying non-standard contracts
    • Identify contract issues and respond to a variety of inquiries while providing leadership in developing innovative solutions
    • Advise management of contractual rights and obligations and provide interpretation of terms and conditions
    • Support one or more business units in the management of contracts including coordination of meetings and management of onboarding process
    • Manage vendor due diligence processes and collaborate with Compliance and Risk to assess and understand vendor risk
    • Create reporting for management and departments to align with business needs related to vendor oversight
    • Institute and manage contract-related budgeting processes and seek viable, cost-effective alternatives for vendor services
    • Become an expert over time on certain areas as it relates to systems, data, and topical vendor issues
    • Maintain, analyze, update, and develop various electronic and database records
    • Perform other duties as assigned or required

    Skills and Knowledge Required

    • A bachelor's degree in finance, business, or related field
    • A minimum of 7-10 years of professional work experience in financial services or related field
    • Experience in negotiating vendor contracts
    • Must have experience with handling/processing large volumes of data with excellent attention to detail, organizational, written and oral communication skills
    • Excellent analytical, project management, and collaborative skills
    • Proficiency in MS Suite, SharePoint, data management and reporting software
    • Communicate effectively and tactfully with individuals of all levels
    • Leadership capabilities
    • Self-motivated and proactive

    Skills and Knowledge Desired

    • Strong knowledge/understanding of language and provisions in legal contracts
    • Familiarity or experience with ContractWorks, DocuSign, or similar applications, a plus
    • Familiarity or experience with Process Unity, a plus

    This is a hybrid position based in Los Angeles, CA which requires weekly attendance.

    Annual salary range: $80,000 - $120,000 DOE

    Apply today

    Los Angeles Capital is an SEC registered investment adviser and required to track certain political contributions under rule Therefore, you will be required to disclose your prior political contributions.

    Los Angeles Capital is an Affirmative Action/Equal Opportunity Employer committed to providing employment opportunity without regard to an individual's race, color, religion, age, gender, gender identity, sexual orientation, national origin, ancestry, marital status, medical condition, genetic information, veteran status or disability.

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