NorthMark Strategies ยท 1 hour ago
Master Data Management Lead
Irving, TX
Part-time
Onsite
Senior Level
7+ years expNorthMark Strategies is a leading investment firm focused on building enduring businesses through innovation and technology. The Vendor Master Data Management Lead will oversee vendor data management processes, improve data quality, and collaborate with cross-functional teams to ensure compliance and efficiency in vendor onboarding and management.
AdviceFinancial ServicesVenture Capital
Responsibilities
Define best practices, implement, and enforce standardized naming conventions and data formats for consistency and vendor data normalization
Conduct thorough analysis and validation of vendor data to ensure accuracy and completeness
Collaborate with cross-functional teams to integrate VMDM processes with Enterprise Resource Planning (ERP) systems
Ensure that vendor data is standardized to meet spend analytics requirements
Perform regular audits on vendor records to identify and rectify discrepancies and duplicates
Automate and optimize VMDM workflows to enhance efficiency and reduce manual errors
Collaborate with vendors to obtain and validate critical information, ensuring ongoing data accuracy
Provide training and support to internal teams regarding VMDM best practices and procedures
Generate reports and analytics on vendor data quality and compliance for management review
Contribute to continuous improvement initiatives to enhance overall procurement processes
Manage the vendor onboarding process for new vendors, including full vendor qualification, completing the restricted party screening, vendor financial analysis and information security screening, in collaboration with the Information security team
Monitor compliance of existing vendors with the qualification criteria and maintain current vendor status
Setup and maintain vendor master in the financial (ERP) systems, working in collaboration with Finance
Assist vendors in completing the onboarding requirements, supporting vendors and category managers in ensuring vendors are onboarded on time
Track and communicate vendor onboarding status to Category and purchasing teams
Serve as the subject matter expert for vendor data, manage the vendor onboarding tool (Coupa), and function as gatekeeper for vendor onboarding
Manage the vendor onboarding policy and standard and ensure compliance with the policy
Communication with incumbent and prospective vendors, during the onboarding process or vendor evaluations
Support Vendor Risk and Compliance Manager in developing Vendor risk & compliance reports
Maintain vendor risk and compliance ratings and communicate proactively any emerging risks. Monitor critical business changes and risks for business critical and strategic suppliers
Provide training and support to internal teams on Vendor Risk & compliance management
Qualification
Required
Strong experience in developing and leading Vendor Master Data Management across multiple industries
Experience in defining Vendor Master data requirements and maintaining vendor master information in ERP system
Demonstrated understanding of vendor management systems and experience with MDM systems such as SAP Master Data Governance (MDG), Microsoft Master Data Services (MDS) or Microsoft D-365
Experience in vendor onboarding and vendor data management in Source-to-Pay systems. Experience in Coupa is huge plus
Strong understanding of the End-to-End Vendor Onboarding (VOB) process and vendor qualification requirements, including familiarity with different risks and reporting systems such as D&B, Rapid Ratings or Interos
Strong customer orientation and ability to coordinate across and communicate with multiple stakeholders in a dynamic and fast paced environment
Strong analytical skills and proficiency in MS Office tools
Experience in managing and leading a team and demonstrated experience in achieving objectives through the team
7-10 years related in Vendor Master Data Management and Vendor qualification
Demonstrated experience in defining and managing vendor master's across multiple business entities
Bachelor's degree in supply chain, business or logistics is required, advanced degree is a plus
Supply chain or purchasing certification (ISM or equivalent.) is a bonus
Company
NorthMark Strategies
NorthMark Strategies is a multi-strategy investment firm managing diverse portfolios and offering advisory services across sectors.
51-200 employees
Funding
Current Stage
Growth StageCompany data provided by crunchbase