Vendor Relations Associate
ABOUT THE ROLE
Peloton’s treasury operations/ accounts payable team is looking for an enthusiastic new addition to the team to serve in the role of Vendor Relations Associate. This position will directly report to the Vendor Relations Team Lead and support all vendor onboarding and vendor risk rating & management activities.
RESPONSIBILITIES
- Ensure vendor onboarding forms are fully & accurately completed by internal employees & vendors
- Review & approve vendor onboarding requests in a timely manner
- Ensure all requested supplement documents are submitted by vendors and are legible & correctly completed
- Run & review Dunn & Bradstreet reports to assess the potential risk associated with new vendor requests
- Perform callbacks to vendors to validate payment banking instructions
- Enter banking instructions completely & accurately into our ERP system and ensure that it is approved in a timely manner
- Proactively communicate with internal employees & vendors in order to obtain any additional information necessary to completely onboarding a vendor
- Obtain, validate, & enter updates to vendor records in our ERP system
- Manage the vendor onboarding queue to ensure the number of vendors pending onboarding is kept at a minimal
- Swiftly mitigate any items causing delays in the vendor onboarding process
- Educate internal employees & vendors on our vendor onboarding processes and procedures • Ensure vendor initiation requests that must be reviewed by our Legal and GRC teams are routed to them for review before the vendor is completely onboarded
- As vendor information requests evolve, work with our FST team to update the vendor onboarding forms to request this information
- Proactively encourage vendors to join our CSP network
- Accurately complete credit application & vendor application requests for Peloton
- Work closely with the AP-Invoice Processing team to manage the queue “Invoices – Suppliers Pending Onboarding”
- Work closely with the Tax & EIT team to pull & review 1099 year-end reporting for accuracy & completeness
- Assist the Vendor Relations Lead with curating a list of preferred vendors for goods & services utilized across the company
QUALIFICATIONS
- Excellent communication skills. Ability to listen & understand what is being asked and in turn provide clear & concise answers
- Warm & conversational manner of communicating
- Meticulous data entry skills
- 1-2 years’ experience in onboarding vendors/ suppliers or assisting in this process
- Knowledge of what banking instruction data elements are needed to process successful payments is a plus • Knowledge of the W9 form & how it should be completed
- Knowledge of 1099 reporting requirements
- Proficient in Microsoft Office, Adobe Acrobat, and DocuSign
- NetSuite ERP, Coupa P2P, & SAP ERP experience a plus
- Knowledge of what factors can potentially deem a vendor risky is a plus. Such as the OFAC list
- A quick & thorough learner
- Ability to work independently and efficiently manage assignments & tasks
- Overall team player as this function is one of many that support the main function of the department
ABOUT PELOTON:
Peloton is the largest interactive fitness platform in the world with a loyal community of more than 3 million Members. The company pioneered connected, technology-enabled fitness, and the streaming of immersive, instructor-led boutique classes for its Members anytime, anywhere. Peloton makes fitness entertaining, approachable, effective, and convenient, while fostering social connections that encourage its Members to be the best versions of themselves. An innovator at the nexus of fitness, technology, and media, Peloton has reinvented the fitness industry by developing a first-of-its-kind subscription platform that seamlessly combines the best equipment, proprietary networked software, and world-class streaming digital fitness and wellness content, creating a product that its Members love. The brand’s immersive content is accessible through the Peloton Bike, Peloton Tread, Peloton Bike+, Peloton Tread+, and Peloton App, which allows access to a full slate of fitness classes across disciplines, on any iOS or Android device, Apple TV, Fire TV, Roku TVs, and Chromecast and Android TV. Founded in 2012 and headquartered in New York City, Peloton has a growing number of retail showrooms across the US, UK, Canada and Germany. For more information, visit www.onepeloton.com.