Back to jobs

Vendor Management Specialist

Portland, ME

The Mission of The MEMIC Group is to make workers' comp work better with compassion, trusted partnerships, and relentless commitment to workforce safety. The secret to the success and longevity of great organizations is their shared vision and strong values. At MEMIC our values are to be conscientious, to be an expert, to be a partner, to be curious and to be transparent.

The Vendor Management Specialist will provide critical support to the Risk Department team in 
the areas of vendor management, systems, and data analysis. This role involves assisting in the 
design and implementation of a comprehensive vendor management monitoring process. The Vendor Management Specialist will be 
responsible for monitoring, analyzing, and reporting on both internal and third-party systems and 
data providers.

Principal Duties and Responsibilities

1.  Vendor Vetting & Onboarding: Collaborate with department leaders to define vendor requirements 
and assist in selecting vendors based on business needs. Lead and manage the vendor onboarding 
process, ensuring the collection of all required documentation, certifications, and compliance 
information. Conduct thorough due diligence on new vendors, assessing their financial stability, 
regulatory compliance, and alignment with the company’s values and business objectives.

2.  Vendor Monitoring: Assist in evaluating vendor cybersecurity risks, conducting assessments and 
audits as needed. Maintain an updated inventory of approved vendors, tracking performance, risk, 
and compliance. Monitor vendor relationships to ensure compliance with contracts, SLAs, business 
impact metrics, and regulatory requirements.

3.  System Administration: Oversee the administration of the Prevalent Vendor Management System, 
ensuring accurate, up-to-date vendor data. Coordinate with internal teams to categorize and index 
data for reporting. Manage the BitSight cybersecurity monitoring system, ensuring regular tracking 
of vendor ratings.

4.  Reporting: Use Prevalent and BitSight to create risk profiles and provide insights to 
management. Generate periodic reports on vendor performance, security, and compliance. Serve as the 
primary contact for internal teams (legal, info security, compliance) regarding vendor management 
inquiries and escalations.

5.  Continuous Improvement & Process Optimization: Identify opportunities for process improvements 
and efficiencies within the vendor management lifecycle. Stay up to date with the latest vendor 
management tools, systems, and best practices, and recommend updates or new solutions to enhance 
operational efficiency. Implement and oversee training programs for internal teams to ensure proper 
usage and understanding of Prevalent and BitSight
systems.

6.  Vendor Risk Mitigation: Identify potential risks or issues related to vendor performance or 
cybersecurity and work proactively to mitigate them before they affect business operations. Respond 
to emerging cybersecurity threats and vendor performance issues, escalating them to the relevant 
teams when necessary.

Minimum Knowledge, Skills, and Abilities
1. Bachelor’s degree and one to two years’ experience in insurance preferred.
2. Prior experience with Prevalent/BitSight Systems or other third-party vendor and security 
systems a plus.
3. Prior experience in Compliance, Technology and/or Systems Administration a plus.
4. Strong interpersonal and communication skills.
5. Strong organization and time management skills along with strong attention to detail.
6. Must be self-motivated, able to work independently and results driven.

Our comprehensive benefits package includes all traditional offerings such as:

  • Health Insurance options, Dental Insurance options and Vision Insurance
  • Employee Life Insurance/AD&D and Dependent Life Insurance options
  • Short-term & Long-term Disability
  • Health Savings Account with potential employer match
  • Flexible Medical and Dependent Care Account
  • Accident Insurance
  • Critical Illness Insurance
  • Employee Assistance Program
  • Legal/Identify Theft Insurance options
  • Long Term Care Insurance
  • Pet Insurance
  • 401 (k) Retirement Plan with match up to 5%, plus profit sharing & discretionary contributions (subject to vesting)
  • 5 weeks of Paid Time Off (PTO)
  • 11 paid holidays

We also offer other benefits to help foster a healthy, balance lifestyle such as:

  • Flextime schedules
  • Paid Parental Leave
  • Student loan paydown and refinancing assistance
  • Educational assistance for job related courses, seminars, certifications or degrees
  • One paid day every year to volunteer for your non-profit of choice
  • On-site fitness center (Maine) or fitness reimbursement
  • Subsidized parking
  • Sit-Stand desks & daily stretch breaks

MEMIC is committed to a policy of nondiscrimination and equal opportunity for all employees and qualified applicants without regard to race, color, religious creed, national origin, ancestry, age, disability, genetics, gender identity, veteran's status, sexual orientation, or any other characteristic protected by law. MEMIC is an equal opportunity employer encouraging diversity in the workplace. 

 

Apply for this job

*

indicates a required field

Resume/CV*

Accepted file types: pdf, doc, docx, txt, rtf

Cover Letter

Accepted file types: pdf, doc, docx, txt, rtf


Education

Select...
Select...
Select...
Select...
Select...

Select...
Select...
Select...
Select...
Select...
Select...
Select...
Select...
Select...
Select...

Voluntary Self-Identification

For government reporting purposes, we ask candidates to respond to the below self-identification survey. Completion of the form is entirely voluntary. Whatever your decision, it will not be considered in the hiring process or thereafter. Any information that you do provide will be recorded and maintained in a confidential file.

As set forth in MEMIC’s Equal Employment Opportunity policy, we do not discriminate on the basis of any protected group status under any applicable law.

Select...
Select...
Race & Ethnicity Definitions

If you believe you belong to any of the categories of protected veterans listed below, please indicate by making the appropriate selection. As a government contractor subject to the Vietnam Era Veterans Readjustment Assistance Act (VEVRAA), we request this information in order to measure the effectiveness of the outreach and positive recruitment efforts we undertake pursuant to VEVRAA. Classification of protected categories is as follows:

A "disabled veteran" is one of the following: a veteran of the U.S. military, ground, naval or air service who is entitled to compensation (or who but for the receipt of military retired pay would be entitled to compensation) under laws administered by the Secretary of Veterans Affairs; or a person who was discharged or released from active duty because of a service-connected disability.

A "recently separated veteran" means any veteran during the three-year period beginning on the date of such veteran's discharge or release from active duty in the U.S. military, ground, naval, or air service.

An "active duty wartime or campaign badge veteran" means a veteran who served on active duty in the U.S. military, ground, naval or air service during a war, or in a campaign or expedition for which a campaign badge has been authorized under the laws administered by the Department of Defense.

An "Armed forces service medal veteran" means a veteran who, while serving on active duty in the U.S. military, ground, naval or air service, participated in a United States military operation for which an Armed Forces service medal was awarded pursuant to Executive Order 12985.

Select...

Voluntary Self-Identification of Disability

Form CC-305
Page 1 of 1
OMB Control Number 1250-0005
Expires 04/30/2026

Why are you being asked to complete this form?

We are a federal contractor or subcontractor. The law requires us to provide equal employment opportunity to qualified people with disabilities. We have a goal of having at least 7% of our workers as people with disabilities. The law says we must measure our progress towards this goal. To do this, we must ask applicants and employees if they have a disability or have ever had one. People can become disabled, so we need to ask this question at least every five years.

Completing this form is voluntary, and we hope that you will choose to do so. Your answer is confidential. No one who makes hiring decisions will see it. Your decision to complete the form and your answer will not harm you in any way. If you want to learn more about the law or this form, visit the U.S. Department of Labor’s Office of Federal Contract Compliance Programs (OFCCP) website at www.dol.gov/ofccp.

How do you know if you have a disability?

A disability is a condition that substantially limits one or more of your “major life activities.” If you have or have ever had such a condition, you are a person with a disability. Disabilities include, but are not limited to:

  • Alcohol or other substance use disorder (not currently using drugs illegally)
  • Autoimmune disorder, for example, lupus, fibromyalgia, rheumatoid arthritis, HIV/AIDS
  • Blind or low vision
  • Cancer (past or present)
  • Cardiovascular or heart disease
  • Celiac disease
  • Cerebral palsy
  • Deaf or serious difficulty hearing
  • Diabetes
  • Disfigurement, for example, disfigurement caused by burns, wounds, accidents, or congenital disorders
  • Epilepsy or other seizure disorder
  • Gastrointestinal disorders, for example, Crohn's Disease, irritable bowel syndrome
  • Intellectual or developmental disability
  • Mental health conditions, for example, depression, bipolar disorder, anxiety disorder, schizophrenia, PTSD
  • Missing limbs or partially missing limbs
  • Mobility impairment, benefiting from the use of a wheelchair, scooter, walker, leg brace(s) and/or other supports
  • Nervous system condition, for example, migraine headaches, Parkinson’s disease, multiple sclerosis (MS)
  • Neurodivergence, for example, attention-deficit/hyperactivity disorder (ADHD), autism spectrum disorder, dyslexia, dyspraxia, other learning disabilities
  • Partial or complete paralysis (any cause)
  • Pulmonary or respiratory conditions, for example, tuberculosis, asthma, emphysema
  • Short stature (dwarfism)
  • Traumatic brain injury
Select...

PUBLIC BURDEN STATEMENT: According to the Paperwork Reduction Act of 1995 no persons are required to respond to a collection of information unless such collection displays a valid OMB control number. This survey should take about 5 minutes to complete.