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Vendor Liaison - Global Legal, Compliance & Regulatory

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American International Group (AIG)

1mo ago

  • Job
    Full-time
    Senior Level
  • Legal
  • London
  • Quick Apply

AI generated summary

  • You need a BA, legal vendor management experience, strong relationship skills, legal knowledge, analytical abilities, and attention to detail. Legal forecasting and budgeting experience is preferred.
  • You will engage with legal vendors, monitor performance, manage financials, communicate on invoices, and ensure compliance while overseeing vendor relationships and eBilling accuracy.

Requirements

  • BA degree or equivalent.
  • Legal vendor management experience in the legal, financial services or insurance industry.
  • Law firm relationship management and operations experience.
  • Strong relationship building skills; experience working with attorneys and other business executives is a plus.
  • Knowledge of legal procedures and matter lifecycles, as well as experience with legal vendor conflicts and waivers.
  • Quantitative analysis abilities.
  • Experience in legal forecasting and budgeting is preferred.
  • Strong attention to detail, and commitment to accuracy and on-time delivery.

Responsibilities

  • Collaborate with key stakeholders on law firm/legal vendor engagement and onboarding for GLCR-managed matters, ensuring that AIG has the appropriate roster of law firms and legal vendors.
  • Ensure effective collaboration and communication with law firms/legal vendors throughout the lifecycle of legal matters and monitors the quality and progress of legal work undertaken by vendors.
  • Provide insights and recommendations to improve vendor performance and value.
  • Maintains detailed records of vendor engagements and performance, providing reports and analysis to department leadership and other stakeholders.
  • Collaborate with leadership to manage the financial affairs of GLCR, including budgeting, forecasting, financial reporting, allocations, and accruals.
  • Communicate with law firms and legal vendors on expense/invoice submission.
  • Participate in financial analysis and forecasting activities to support strategic planning and decision-making and assist in law firm/legal vendor management.
  • Contribute to compliance with financial and vendor management policies and regulations
  • Enable successful completion of law firm annual budgeting and quarterly forecasting process.
  • Execute firm engagements, security and control assessments, and other firm and vendor administration-related deliverables; manages law firm and legal vendor contacts, such as billing and relationship partner communication.
  • Manage conflicts and waivers for all legal vendors of AIG, working closely with legal teams and vendors to resolve issues in a timely and professional manner.
  • Ensure accurate data in connection with firm eBilling and matter management records in outside counsel management system.

FAQs

What is the role of a Vendor Liaison in the GLCR team?

The Vendor Liaison is responsible for ensuring effective law firm and legal vendor engagement for the GLCR department, focusing on the UK, EMEA & APAC regions, and plays a pivotal role in financial monitoring and vendor performance management.

What are the key responsibilities of the Vendor Liaison?

Key responsibilities include collaborating with stakeholders for law firm engagement, monitoring vendor performance, managing financial affairs, overseeing law firm budgeting and forecasting, ensuring compliance, and managing conflicts and waivers.

What qualifications are required for this position?

A BA degree or equivalent, experience in legal vendor management, law firm relationship management, strong relationship-building skills, knowledge of legal procedures, and proficiency in quantitative analysis are required.

Is experience in legal forecasting and budgeting preferred?

Yes, experience in legal forecasting and budgeting is preferred for this role.

Does the Vendor Liaison need to work with international vendors?

Yes, the Vendor Liaison will engage with law firms and legal vendors primarily in the UK, EMEA & APAC regions.

What skills are important for success in this position?

Strong attention to detail, commitment to accuracy, relationship-building skills, and quantitative analysis abilities are important for success in this role.

Does AIG support diversity and inclusion in the workplace?

Yes, AIG is committed to creating a culture of belonging that respects and celebrates diverse talents, backgrounds, and opinions.

What benefits does AIG offer employees?

AIG offers a comprehensive Total Rewards Program that focuses on health, wellbeing, financial security, and professional development.

How does the Vendor Liaison manage financial affairs of the GLCR?

The Vendor Liaison collaborates with leadership to handle budgeting, forecasting, financial reporting, allocations, and accruals for the department.

Are accommodations available for applicants with disabilities?

Yes, AIG is committed to providing reasonable accommodations to job applicants and employees with disabilities.

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American International Group (AIG)

Finance
Industry
10,001+
Employees
1919
Founded Year

Mission & Purpose

American International Group, Inc. (AIG) is a leading global insurance organization. AIG member companies offer insurance solutions that help businesses and individuals in approximately 70 countries and jurisdictions protect their assets and manage risks. AIG common stock is listed on the New York Stock Exchange. AIG is the marketing name for the worldwide property-casualty and general insurance operations of American International Group, Inc. All products and services are written or provided by subsidiaries or affiliates of American International Group, Inc. Products or services may not be available in all countries and jurisdictions, and coverage is subject to underwriting requirements and actual policy language. Non-insurance products and services may be provided by independent third parties. Certain property-casualty coverages may be provided by a surplus lines insurer. Surplus lines insurers do not generally participate in state guaranty funds, and insureds are therefore not protected by such funds.

Benefits

  • Physical and Mental Health benefits

  • Market-aligned base pay

  • Equitable incentive compensation

  • Life and disability insurance options