Top IT Vendor Relationship Executive directs and oversees the organization's strategic vendor management program. Responsible for selection of the company's product and service providers, and procurement to reduce operational costs. Being a Top IT Vendor Relationship Executive is responsible for managing vendor relationships. Develops metrics to manage vendor performance and productivity. Additionally, Top IT Vendor Relationship Executive works closely with operations, product and executive teams to determine areas of improvement. Requires a bachelor's degree in area of specialty. Typically reports to top management. The Top IT Vendor Relationship Executive manages a departmental function within a broader corporate function. Develops major goals to support broad functional objectives. Approves policies developed within various sub-functions and departments. To be a Top IT Vendor Relationship Executive typically requires 8+ years of managerial experience. Comprehensive knowledge of the overall departmental function. (Copyright 2024 Salary.com)
As a leading regional bank, SouthState has been providing financial solutions to individuals, families, and businesses in the Southeast for more than 100 years. SouthState team members strive to create remarkable experiences while building meaningful and lasting relationships. We are proud to be a reflection of the communities we serve, and our team members share core values that make SouthState a great place to bank, and a great place to work.
SUMMARY/OBJECTIVES
It is the responsibility of the Loan Ops Vendor Relationship Administrator to provide day to day oversight of assigned critical vendor relationships and handle overall administration of the vendors. Provide subject matter expertise in loan servicing with a focus on tax, insurance, forced placed insurance and escrow processes. Act as primary point of contact for problem resolution and escalations as well as complaint management for vendor related complaints. Ensure delivery of quality service, provide rapid response, and develop a strong communication link between vendor and the Bank. May assist with special initiatives or projects; support other areas within Loan Operations as needed.
ESSENTIAL FUNCTIONS
* Lead regular meetings and oversee assigned critical vendor related accounts to identify, research, and resolve any questions, service quality issues, procedure changes, new loan programs, billing issues, or any other requests made by the vendor or Bank.
* Work directly with Loan Servicing Leadership to track and monitor vendor performance to ensure all vendor targets are met and complete a vendor analysis as required.
* Research and evaluate banker escalated issues to understand root cause and ensure remediation actions are taken as it relates to assigned critical vendors or internal processes. Works to discover systemic issues that must be addressed either with vendor or internally.
* Maintain close relationships with the primary vendor contacts and decision-makers, monitor client satisfaction, and evaluate methods to improve the overall relationship.
* Act as an interdepartmental liaison to identify internal process gaps, process improvement opportunities and recommend (and where appropriate help implement) the appropriate course of action.
* Ensure integrity of and provide required reporting to the Bankers. Example: posting reports to the Source.
* Perform comparisons, as needed, to ensure accuracy of data between Bank and vendors.
* Review monthly reports provided by vendors to ensure service quality and complete a Score Card that is provided to management.
* Identify possible product and service enhancements for servicing processes; summarize and present ideas for enhancements to Manager.
* Create and present data to target audiences. Example: executive leadership, departmental leadership, etc.
* Facilitate any requirements for internal and external audits of vendors.
* Participate and lead through any conversion activities related to mergers and acquisitions. This will include data collection, process discussions, data mapping, testing phases, production conversion, and post-conversion monitoring, etc as it relates to loans that will be assigned to vendors.
* Ability to understand/interpret new regulations and servicing guide updates to ensure loans are serviced appropriately by vendors.
* Assist in analyzing new vendor opportunities.
* Assist in troubleshooting of system issues with users and vendors.
* Assist in analyzing and implementing change in the industry. Create system procedures as necessary.
* Assist in implementing various projects as assigned.
* Responsible to adhere to all bank policies and procedures and to comply with all applicable laws and regulations as they pertain to the position.
* Performs all other responsibilities and duties deemed necessary.
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
COMPETENCIES
* Excellent communication skills to support effectively communicating with all business partners (verbal, written, presentation)
* Strong analytical and research skills with ability to problem solve
* Ability to work well under pressure in response to critical demands of the department; meet competing deadlines; and appropriately escalate issues when necessary.
* Strong interpersonal skills and the ability to work effectively both independently and within a team environment with minimal guidance
* Ability to provide superior service to internal and external customers
* Must be exceptionally self-motivated, organized, and able to work in a rapidly changing and fast paced environment.
QUALIFICATIONS, EDUCATION, AND CERTIFICATION REQUIREMENTS
* Education: Bachelor's degree or equivalent work experience.
* Experience: A minimum of 3 years' related experience in loan servicing functions and vendor management required. Knowledge of Federal and State regulatory compliance is required. Experience with FiServ loan servicing software is preferred.
* Certifications/Specific Knowledge: Proficiencies with Excel, Word, PowerPoint and other MS Office programs.
TRAINING REQUIREMENTS/CLASSES
* Annual Compliance Training
* Fiserv training as needed to perform specific tasks
PHYSICAL DEMANDS
This position requires a large amount of time in front of a computer. Must be able to sit for long periods of time. Must be able to effectively access and interpret information via various computer systems, documents, and reports.
WORK ENVIRONMENT
This position is located in a cubicle environment that may be loud throughout the day.