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Intern Vendor Management

Win Hentschel Blvd OfficeWest Lafayette, Indiana

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Overview

Schedule
Full-time
Career level
Senior-level
Remote
On-site
Benefits
Career Development
Tuition/Education Assistance

Job Description

The Vendor Management Intern administers and organizes the credit union’s vendor management process. This position includes gathering and reviewing due diligence information from vendors, coordinating risk assessments with our internal vendor Relationship Managers, and assisting in completing the vetting process. The Vendor Management Intern will be responsible for assisting in departments to manage their vendor relationships throughout the full vendor management life cycle. Purdue Federal Credit Union is dedicated to fostering the academic and professional growth of interns by providing valuable hands-on experience. Through active involvement in meaningful projects and a structured, mentored-learning environment. Interns have the opportunity to enhance their skills and contribute to the credit union's success.

Duties & Responsibilities (Essential Functions):  

Vendor Intake & Compliance
  • Help coordinate the vendor intake process to ensure new vendors meet Credit Union requirements before doing business.
  • Collect and review vendor information and due diligence documents for compliance and risk evaluation.
Vendor Systems & Data
  • Use nContracts and nVendor to add, update, and organize vendor records.
  • Review moderate- and low-risk contracts for service level agreements and business continuity or disaster recovery requirements and record the information in nContracts and nVendor.
  • Upload contracts, due diligence documents, and other required materials.
  • Enter key contract details and accurately map parent and child contract relationships.
Monitoring & Reporting
  • Assist with monitoring vendor performance and risk assessments to ensure vendors meet Credit Union standards.
  • Track contract dates and update vendor renewal notifications, including communication with the appropriate lines of business.
  • Create and compile reports from nContracts and nVendor to support Vendor Management and Enterprise Risk Management projects.
Administrative Support
  • Use approved AI tools to support contract reviews, build queries for moderate- and low-risk vendors, and organize contract information.
  • Work with Vendor Management and Enterprise Risk Management teams to improve processes using available tools.
  • Help respond to employee questions regarding vendor policies and system use.
  • Support other assigned vendor management projects.

Additional Requirements:

  • Compliance, legal, or academic research skills desired.
  • Strong organizational skills and attention to detail.
  • Critical thinking and problem-solving skills.
  • Time management skills, including the ability to manage several competing assignments and complete them accurately and timely.
  • Ability to work independently and in a team environment.
  • Ability to communicate verbally and in writing in a professional manner.
  • Ability to simplify and summarize complex subjects for daily use.
  • Proficient with Microsoft Office Suite, with an emphasis on Excel.
  • Familiarity with Smartsheet is a plus.
  • Experience with nContracts or nVendor is a plus.
  • Ability to communicate professionally with employees, members, vendors, and company contacts.
  • Ability to follow the Credit Union's core values of honesty, integrity, mutual respect, pride, and ownership.

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FAQs About Intern Vendor Management Jobs at Win Hentschel Blvd Office

What is the work location for this position at Win Hentschel Blvd Office?
This job at Win Hentschel Blvd Office is located in West Lafayette, Indiana, according to the details provided by the employer. Some roles may also include multiple work locations depending on the requirement.
What pay range can candidates expect for this role at Win Hentschel Blvd Office?
Employer has not shared pay details for this role.
What employment applies to this position at Win Hentschel Blvd Office?
Win Hentschel Blvd Office lists this role as a Full-time position.
What experience level is required for this role at Win Hentschel Blvd Office?
Win Hentschel Blvd Office is looking for a candidate with "Senior-level" experience level.
What benefits are offered by Win Hentschel Blvd Office for this role?
Win Hentschel Blvd Office offers following benefits: Career Development and Tuition/Education Assistance for this position. Actual benefits may vary depending on the employer's policies and employment terms.
What is the process to apply for this position at Win Hentschel Blvd Office?
You can apply for this role at Win Hentschel Blvd Office either through Sonara's automated application system, which helps you submit applications 10X faster with minimal effort, or by applying manually using the direct link on the job page.