Vendor Relations, Senior Specialist

Master Works is seeking a Vendor Relations, Senior Specialist responsible for managing vendor relationships, procurement activities, and framework agreements. The role ensures vendor compliance, commercial efficiency, timely delivery, and effective coordination between internal stakeholders and suppliers. Key Responsibilities: Manage relationships with vendors and serve as the primary point of contact for commercial and operational matters. Manage procurement activities, including RFQs, RFPs, bid evaluations, negotiations, and vendor selection. Develop, review, and administer framework agreements, work orders, purchase orders, and contract amendments. Monitor vendor performance against contractual obligations, KPIs, SLAs, timelines, and deliverables. Review commercial proposals, pricing structures, and cost breakdowns to ensure competitiveness and value for money. Coordinate with procurement, contracts, finance, legal, and business teams throughout the sourcing and contracting lifecycle. Track agreement utilization, budgets, invoices, payments, renewals, and remaining contract values. Identify contractual, financial, and operational risks and escalate issues proactively. Support vendor performance reviews and implement corrective action plans when required. Maintain accurate records of contracts, vendor documents, approvals, and related correspondence. Ensure compliance with internal procurement policies, governance requirements, and applicable regulations. Bachelor’s degree in Business Administration, Finance or a related field. 4–5 maximum years of relevant experience in vendor management, procurement, contracts, or supply chain. Strong experience in procurement processes and framework agreement management. Solid knowledge of contract administration, work orders, purchase orders, pricing evaluation, and vendor performance management. Procurement and strategic sourcing. Framework agreement management. Vendor relationship and performance management. Commercial evaluation and negotiation. Contract and work-order administration. Budget, invoice, and payment tracking. Risk identification and issue resolution. Stakeholder management. Reporting and data analysis. Strong communication and negotiation skills.