Third Party Management Advisor at The Cigna Group

Bloomfield, Connecticut, United States -

Full Time

Start Date

Immediate

Expiry Date

20 Feb, 26

Salary

0.0

Posted On

22 Nov, 25

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Third Party Management, Procurement, Operations Management, Vendor Management, Analytical Skills, Contract Management, Negotiation Skills, Relationship Management, Communication Skills, Project Management, Financial Expertise, Portfolio Management, Strategic Planning, Problem Solving, Microsoft Office Suite, Artificial Intelligence Tools

Industry

Hospitals and Health Care

Description

The job profile for this position is Third Party Management Advisor, which is a Band 4 Senior Contributor Career Track Role. Excited to grow your career? We value our talented employees, and whenever possible strive to help one of our associates grow professionally before recruiting new talent to our open positions. If you think the open position you see is right for you, we encourage you to apply! Our people make all the difference in our success. OVERVIEW The Third Party Management Advisor, is a supplier management professional, project manager and accountable for the assigned supplier governance activities across the organization as it relates to Consulting & Professional Services. The Third-Party Management (TPM) Advisor is responsible for conducting activities associated with governance, vendor and risk management, portfolio administration, and relationship management processes that support The Cigna Group Technology & Operations organization. Responsibilities involve communication with senior leadership to develop portfolio and supplier management strategies that reflect The Cigna Group Global Technology initiatives, projects, and programs. The role also involves supporting Procurement / Sourcing teams during negotiations, RFPs, and proposal analysis. Familiarity with contracts, strong analytical abilities, and financial expertise are preferred. This resource must have experience in dealing with dynamic requirements that are tied to strategic level business objectives. The individual will regularly interface with senior leaders in career bands 5-7. KEY RESPONSIBILITIES: Vendor Management Responsible for delivering strategic guidance and governance for assigned supplier relationships, including the following: Tracking and reporting supplier performance against established criteria on a regular basis. Managing governance actions and resolving issues throughout the assigned portfolio. Conducting scheduled Enterprise Business Review sessions with internal business partners, matrix partners and suppliers. Applying analytical skills to assess and improve processes, focusing on ongoing enhancement of supplier management and operational workflows. Portfolio Management Accountable for developing effective relationships with Technology & Operations business stakeholders to understand their business portfolio and implement supplier-based solutions for their needs, which includes: Navigating complex environments with evolving strategies and priorities. Facilitating discussions between Cigna senior leaders and supplier counterparts. Supporting overall business requirements, enterprise agreements, service level agreements, and statements of work through strategic planning. Qualifications/Requirements: At least 4 years’ experience in third party management, procurement, or operations and management is strongly preferred. Experience building and maintaining relationships with Senior and Executive levels inside and outside the organization to accomplish results through contracted engagements. Experience preparing, modifying, and reviewing contracts – including Service Level Agreements, Master Service Agreements, and Statements of Work. Demonstrated negotiation and third-party management skills; resolve issues, drive corrective actions, and negotiate with internal and external partners. Ability to prioritize tasks and perform effectively in an environment with high ambiguity and fast-paced activity. Strong analytical skills with the ability to analyze contracts, spend, supplier performance etc. Strong presentation, written, and verbal communication skills for interactions with various leadership levels. Proficiency with Microsoft Word, Excel, PowerPoint, and familiarity with artificial intelligence tools. Bachelor’s degree in supply chain management or a related field is strongly preferred Confidential, unpublished property of The Cigna Group. Do not duplicate or distribute. Use and distribution limited solely to authorized personnel. © 2025 The Cigna Group If you will be working at home occasionally or permanently, the internet connection must be obtained through a cable broadband or fiber optic internet service provider with speeds of at least 10Mbps download/5Mbps upload. Qualified applicants will be considered without regard to race, color, age, disability, sex, childbirth (including pregnancy) or related medical conditions including but not limited to lactation, sexual orientation, gender identity or expression, veteran or military status, religion, national origin, ancestry, marital or familial status, genetic information, status with regard to public assistance, citizenship status or any other characteristic protected by applicable equal employment opportunity laws. Please note that you must meet our posting guidelines to be eligible for consideration. Policy can be reviewed at this link. Qualified applicants with criminal histories will be considered for employment in a manner consistent with all federal, state and local ordinances.

Responsibilities

The Third Party Management Advisor is responsible for supplier governance activities and managing vendor relationships. This includes tracking supplier performance, conducting business reviews, and supporting procurement teams during negotiations.