Vendor Analyst III

at  TD Bank

JOB DESCRIPTION:

TDS Global Third-Party Management is responsible for managing the complete third-party management lifecycle with all external parties with which TDS has a relationship. Broadly defined, this may include both contractual and non-contractual parties that can be ‘upstream’ (vendors and suppliers) or ‘downstream’ (distributers, resellers, non-contractual parties). Trends towards specialization, outsourcing, innovation, and collaboration, have resulted in greater choice for TDS to focus on its core competencies, engaging third parties to perform key functions, or leverage third party relationships to achieve strategic client benefit. This trend is creating greater numbers of critical third-party relationships – that can become cumbersome to monitor and manage. TDS Global Third-Party Management is uniquely positioned to maximize opportunities arising from the use of third parties.

The Vendor Analyst III plays an important role in ensuring Third-Party Providers (Vendors) are paid in a timely manner based on their contracted services. This individual ensures payments align with contractual agreements, and collaborates with TDS front and back office, and finance/AP to ensure accurate validation, accruals, and allocations are completed on a timely and accurate basis. This role reports to the Manager, Third Party Payment Services.

• Act as the point of contact for vendor related payment queries.
• Work with vendor managers, and business contract owners to approve invoices.
• Process vendor payments, ensuring they are accurate and recorded in the proper financial period.
• Analyze and identify opportunities to reduce vendor expenses and risk.
• Properly code and route invoices to Accounts Payable for payment.
• Perform comprehensive vendor financial management and reporting, supporting the preparation of business cases and post implementation assessments.
• Work collaboratively with TDS corporate segment Finance and Strategic Sourcing business partners to consolidate TDS costs.
• Identify opportunities for operational efficiencies in existing and proposed work processes, expense reduction, and risk mitigation.

EXPERIENCE AND / OR EDUCATION

• Financial management understanding to support decision making / recommendations on expense reviews, business plans and forecasts.
• Experience with vendor management reporting and processes from a support perspective is an asset.
• Knowledge of invoice payment types and submission forms an asset (ePay, Manual Submission, Wire Payments, Web ADI etc.)
• Enjoy working on complex issues and generating creative and business-oriented solutions.
• Possess strong skills in communication and the use of Microsoft Outlook, Word, and Excel.
• Knowledge of Oracle & SAP Ariba an asset
• Successfully manage multiple tasks / priorities while maintaining momentum and achieving results.
• Be a proactive self-starter with the ability to see opportunities for continual business improvement
• Have excellent research and investigative skills.
• Be comfortable working both independently and collaboratively with various levels of individuals across teams.

Technology and Systems:

• Executes as a key contributor in strategic TPMO initiatives and decision making related to own area of expertise (TDS VMO Technology Portfolio).
• Demonstrates subject matter expertise and maintains expert knowledge of best practices in TD Securities invoice allocation models, investigation recourse, process and delivery, and technology.
• Designs, implements, and maintains complex work flows to direct team resources and enhance performance of business processes.
• Actively supports all internal audit investigations and inquiries as well as regulatory inquiries, as related to the teams’ function, in an efficient, effective, and professional manner.
• Responds to support escalation inquiries as required.
• Enhances the delivery of payments processing by evaluating on‐line features and requesting system enhancements.
• Develops and maintains a strong understanding of current payments technology and systems capabilities, and leverages those capabilities to maximize TD Securities benefits and investment.

WHO WE ARE:

TD is one of the world’s leading global financial institutions and is the fifth largest bank in North America by branches/stores. Every day, we deliver legendary customer experiences to over 27 million households and businesses in Canada, the United States and around the world. More than 95,000 TD colleagues bring their skills, talent, and creativity to the Bank, those we serve, and the economies we support. We are guided by our vision to Be the Better Bank and our purpose to enrich the lives of our customers, communities and colleagues.
TD is deeply committed to being a leader in customer experience, that is why we believe that all colleagues, no matter where they work, are customer facing. As we build our business and deliver on our strategy, we are innovating to enhance the customer experience and build capabilities to shape the future of banking. Whether you’ve got years of banking experience or are just starting your career in financial services, we can help you realize your potential. Through regular leadership and development conversations to mentorship and training programs, we’re here to support you towards your goals. As an organization, we keep growing – and so will you.

• Act as the point of contact for vendor related payment queries.
• Work with vendor managers, and business contract owners to approve invoices.
• Process vendor payments, ensuring they are accurate and recorded in the proper financial period.
• Analyze and identify opportunities to reduce vendor expenses and risk.
• Properly code and route invoices to Accounts Payable for payment.
• Perform comprehensive vendor financial management and reporting, supporting the preparation of business cases and post implementation assessments.
• Work collaboratively with TDS corporate segment Finance and Strategic Sourcing business partners to consolidate TDS costs.
• Identify opportunities for operational efficiencies in existing and proposed work processes, expense reduction, and risk mitigation