Vendor & Procurement Manager

Jobvite, Inc.; Town of Brookfield (WI); Hybrid; USD 90,000 - 130,000; Full time

Job summary

First Business Bank is seeking a Vendor & Procurement Manager to oversee vendor relationships, drive strategic sourcing, and manage third-party risk across the organization. Reporting to the CRO, you will coordinate contract renewals, support procurement operations, and lead cost-saving initiatives while maintaining regulatory compliance.

Candidates will leverage strong negotiation, analytical, and Excel skills to deliver measurable improvements in spend, supplier performance, and process

Qualifications

• Bachelor’s degree in supply chain, business admin, finance, or related field.
• 5+ years in procurement, strategic sourcing, supplier management, or related discipline.
• Experience leading complex sourcing initiatives and commercial negotiations.
• Strong vendor management, budgeting, and spend analysis capabilities.
• Advanced Excel and reporting/visualization skills.

Responsibilities

• Vendor management and strategic sourcing across the organization.
• Coordinate contract renewals, pricing reviews, and vendor negotiations.
• Support third-party risk management and compliance activities.
• Enhance procurement operations, purchasing workflows, and spend tracking.
• Develop reports on vendor spend, contract status, and supplier performance.

Skills

Vendor management

Strategic sourcing

Third-party risk management

Procure-to-pay

Budgeting

Reporting

Excel

Negotiations

Stakeholder communication

Education

Bachelor’s degree in supply chain management

Tools

Excel

Job description

Join us today as the Vendor & Procurement Manager!

First Business Bank is aTop Workplaces USA company, learn more here.

At the heart of First Business Bank, we believe success comes down to putting people first. Our people are our priority — they embody ambition, experience, and client focus. The result is extremely engaged employees who provide unmatched client satisfaction. With comprehensive total rewards to support our team members, a commitment to valuing each other’s differences, and a focus on improving our communities, we are confident you’ll find the experience is your advantage. We’re delighted you’re considering joining us!

Work Model: Remote, requiring one day at our Madison, WI headquarters each month.

Position Overview

First Business Bank is seeking a Vendor & Procurement Manager to oversee vendor relationships, support procurement operations, and help ensure effective management of third-party providers across the organization. Reporting to the Chief Risk Officer, this role partners closely with Finance, Legal, IT, Operations, and business leaders to support vendor performance, control costs, maintain compliance, and improve procurement processes.

The ideal candidate will have experience managing supplier relationships, coordinating contract renewals, supporting third-party risk activities, and identifying opportunities to improve purchasing efficiency and vendor value

Essential responsibilities for this role include:

Vendor Management & Strategic Sourcing

• Manage relationships with key vendors and suppliers across the organization.
• Coordinate contract renewals, pricing reviews, and vendor negotiations.
• Identify opportunities for cost savings, vendor consolidation, and process improvements.
• Monitor vendor performance and facilitate periodic business reviews.
• Partner with internal stakeholders to ensure vendor services align with business needs and expectations.
• Support sourcing initiatives, competitive bid processes, and supplier evaluations.

Third-Party Risk & Compliance

• Coordinate vendor onboarding, due diligence, and ongoing monitoring activities.
• Maintain vendor records, contracts, risk assessments, and supporting documentation.
• Partner with Risk, Compliance, Legal, Finance, and IT teams to ensure vendor management requirements are met.
• Support audits, regulatory examinations, and remediation efforts related to third-party relationships.
• Ensure vendor activities are conducted in accordance with company policies, procedures, and regulatory requirements.

Procurement Operations

• Support and continuously improve procurement and purchasing processes.
• Coordinate vendor setup, purchasing requests, invoice approvals, and contract administration activities.
• Collaborate with Finance on purchasing workflows, payment processes, and spend tracking.
• Assist with budgeting, vendor spend forecasting, and expense management.
• Help maintain effective internal controls related to procurement and vendor management.

Reporting & Analytics

• Develop and maintain reports related to vendor spend, contract status, supplier performance, and procurement activity.
• Analyze purchasing trends and identify recommendations for improving efficiency and reducing costs.
• Track and report key vendor management metrics.
• Provide meaningful insights to department leaders to support informed business decisions.

Position Requirements:

• Bachelor’s degree in supply chain management, business administration, finance, accounting, risk management, or a related field.
• 5+ years of progressively responsible experience in procurement, strategic sourcing, supplier management, third-party risk management, procure-to-pay, finance operations, or a related discipline.
• Demonstrated experience leading complex sourcing initiatives and commercial negotiations.
• Strategic sourcing, category management, competitive bidding, commercial negotiation, and supplier-performance management.
• Contract lifecycle management and ability to identify matters requiring Legal or specialist review.
• Financial and spend analysis, budgeting, and cost-benefit analysis.
• Executive and Board-level written and verbal communication.
• Advanced Excel and reporting or visualization tools.