Vendor Manager

FirstRand Short Term Insurance; Johannesburg; On-site; ZAR 700,000 - 1,100,000; Full time

Job summary

FirstRand Short Term Insurance is seeking a Vendor Manager to engage with and maintain relationships with vendors and drive delivery from third party suppliers. The role involves ensuring cost controls, risk management, and strong client relationships within a dynamic environment.

The candidate should have a university degree or diploma, a legal degree with contract drafting and vendor management experience, onboarding experience, and ideally short term insurance experience.

Qualifications

• University degree or diploma required.
• Legal degree with contract drafting and vendor management experience.
• Onboarding experience essential.
• Short Term Insurance experience advantageous.

Responsibilities

• Deliver against operational and cost targets.
• Prioritize resource allocation to minimize wastage.
• Monitor costs for the financial year according to the operational plan.
• Identify, control and escalation potential risks that may lead to increased costs.
• Build professional long-term relationships with customers based on trust and brand.

Skills

Vendor management

Contract drafting

Onboarding

Education

University degree/ Diploma

Legal degree with contract drafting and Vendor Management Experience

Job description

Job Description To engage with and maintain relationships with vendors and drive delivery from third party suppliers Hello Future, Vendor Manager, Welcome to FNB, We design for the shapeshifters and deliver products and services that make us incredibly proud of the people that make it happen. As part of our team in FR Short Term Insurance, you will be surrounded by unique talents, diverse minds, and an adaptable environment that lives up to the promise of staying curious. Now’s the time to imagine your potential in a team where experts come together and ignite effective change.

Are you someone who can:

• Deliver against operational and cost targets.
• Prioritize resource allocation to minimize and reduce wastage.
• Monitor costs for the financial year according to the operational plan.
• Allocates and approves expenditure.
• Identify, control and escalation potential risks that may lead to increased costs.
• Deliver customer experience excellence aligned to Organizational values and service standards.
• Build professional long-term relationships with customers based on trust that builds the brand.
• Collect and interrogate information and feedback to ensure full understanding of customer needs to deliver a quality service.
• Deliver service that exceeds customer expectations through proactive, innovative and appropriate solution selection and application.
• Provide customers with relevant information to keep them informed of products and service options.
• Ensure own product knowledge and guidance provided is technically accurate and collects feedback to help improve customer service.
• Build relationships that allow for the managing of expectations; the sharing of knowledge and diverse insights; and the creation of buy-in.
• Engage in cross-functional relationships to obtain and to provide work support.
• Read, interpret and apply trust document language to specific situations, overseeing the frequent distributions of cash or assets by the management company.
• Conduct comprehensive reviews of account activity and terms of all types of accounts following relevant policies/procedures.
• Identify customer needs and offering solutions.
• Proactively oversee fiduciary risk exposure within the Collective Investment Schemes for which we are appointed.
• Oversee client accounts in order to create, expand, and serve relationships.
• Perform internal audits to verify compliance with established standards and partners directly with risk partners.
• Provide CIS fiduciary oversight and answers difficult or complex questions regarding collective investment schemes and portfolio fiduciary risk and compliance oversight.
• Review documents and works with team members to ensure proper documentation of management company actions, policies and procedures.
• Make decisions in complex situations requiring excellent understanding of the function, policies, procedures, and compliance requirements that influence and lead broader work team to meet deliverables and drive new initiatives.
• Ensure compliance with relevant statutory, legislative, policy and governance requirements in area of accountability.
• Ensure implementation of relevant policies, governance and practice standards across the business.
• Maintain knowledge on relevant legislative amendments, industry best practices and internal compliance procedures and requirements.
• Ensure compliance is adopted in terms of systems and procedures as laid out by organization and review in response to audit findings and changes.
• Develops an understanding of risks and risk management approaches.
• Implement and provide input into the development of governance and compliance procedures and processes within area of specialization and identify risks.
• Educates others and makes suggestions for improvements.
• Networks and participates in specialist risk forums where required.
• Implement, monitor and control business processes according to quality standards; policy; and compliance and governance requirements in area of accountability.
• Ensure the development, alignment, mapping and implementation of end-to-end processes aligned to the customer journey map.
• Research, enable and consult on improvements and opportunities to harness technology and platform enablement.
• Improve business decisions by providing accurate and reliable business intelligence (information) together with analyzing trends and data.
• Provide timeous reports on management company conduct and oversight, scheme audit reporting and processes as well as regulatory reporting required from time to time.

What We are Looking For:

Minimum qualification:

• University degree/ Diploma
• Legal degree with contract drafting and Vendor Management Experience
• Onboarding experience is essential
• Short Term Insurance experience would be advantageous

You will have access to:

• Opportunities to network and collaborate.
• A challenging working environment
• Opportunities to innovate.

We can be a match if you are:

• Adaptable and curious
• Analyse complex data sets
• Thrive in a collaborative environment.

We look forward to engaging with you!

All appointments will be made in line with FirstRand Group’s Employment Equity plan. The bank supports the recruitment and advancement of individuals with disabilities. In order for us to fulfill this purpose, candidates can disclose their disability information on a voluntary basis. The Bank will keep this information confidential unless we are required by law to disclose this information to other parties.

Important Closing Date Note Take note that applications will not be accepted on the below date and onwards, kindly submit applications ahead of the closing date indicated below.

14/11/26

All appointments will be made in line with FirstRand Group’s Employment Equity plan. The bank supports the recruitment and advancement of individuals with disabilities. In order for us to fulfill this purpose, candidates can disclose their disability information on a voluntary basis. The Bank will keep this information confidential unless we are required by law to disclose this information to other parties.

FirstRand provides a comprehensive range of financial services in South Africa and certain markets in broader Africa. The group also offers certain niche products and services in the UK and India. Listed on the Johannesburg Stock Exchange (JSE) and the Namibian Stock Exchange (NSX), FirstRand Limited is the largest financial institution by market capitalisation in Africa. The group follows a multi-branding approach. Its portfolio of financial services businesses includes FNB, RMB, WesBank, Ashburton Investments, Aldermore, MotoNovo and DirectAxis. Many are leaders in their respective segments and markets, offering transactional, lending, investment and insurance products and services The FirstRand Corporate Centre houses many of the critical functions required by a large and complex financial services group. The group’s track record of delivering superior returns to shareholders has been achieved through a combination of organic growth, acquisitions, innovation and the creation of completely new businesses. The group’s purpose of delivering Shared Prosperity provides many opportunities for employees to innovate to address social and environmental challenges in our markets. All of our businesses have successful Volunteering programmes which also allow employees to adopt and support causes close to their hearts.