Strategic Sourcing Specialist

2 weeks ago

Toronto, Canada Sun Life Full time

You are as unique as your background, experience and point of view. Here, you’ll be encouraged, empowered and challenged to be your best self. You'll work with dynamic colleagues - experts in their fields - who are eager to share their knowledge with you. Your leaders will inspire and help you reach your potential and soar to new heights. Every day, you'll have new and exciting opportunities to make life brighter for our Clients - who are at the heart of everything we do. Discover how you can make a difference in the lives of individuals, families and communities around the world.
- Provide leadership and sourcing value in the focused execution of category management strategies for the Canadian business and Corporate spend categories (including, but not limited to, group insurance and operations services, travel management, consulting, human resources, marketing, communications, real estate and finance services).
- Identify, create and manage relationships with key internal stakeholders
- Manage and actively lead the execution of the strategic sourcing process
- Assist with meeting defined savings and cost reduction targets within the category
- Manages the execution of the strategic sourcing process. Assists with meeting defined savings and cost reduction targets within the category.
- Focuses on the continuous improvement of various procurement processes. Researches and develops new supply sources. As required monitors the cost, schedule and scope aspects of assigned subcontracts to assure best quantity and quality at best value.

**What you will do?**
- Support and manage the sourcing process for primarily high visibility, high risk, high spend initiatives.
- Lead project teams through the sourcing process including but not limited to the design and development of RFXs, engagement strategies and contract negotiations through to contract execution.
- Assess, define and resolve procurement issues including contractual terms and conditions and escalations by internal stakeholders and suppliers.
- Drive and promote compliance for best-in-class procurement practices for specific spend categories
- Perform market analysis and spend analysis leveraging all available data sources - accounting, purchasing, payment systems, suppliers, market trends etc. to provide insight into opportunities for savings and efficiencies.
- Ensure all related governance processes/policies are adhered to and completed prior to final approval to ensure the acquisition is done in the best interest of the company (legal, technical, financial, regulatory compliance).

**What you need to succeed?**
- 5+ years Corporate and/or IT sourcing experience.
- Proven and extensive expertise leading sourcing initiatives, processes and developing strategies (i.e. deal management, contract review and negotiations, RFX, etc.)
- Proven Leadership skills and ability to work with internal stakeholders to drive the process
- Comfort with ambiguity and uncertainty
- Familiarity with vendor contract language, purchasing systems, eProcurement and eSourcing systems would be an asset but not required
- Understanding of general procurement challenges and solutions
- Proven ability to work and align with internal legal counsel and other governance stakeholders such as IT security, compliance, etc.
- Role will require both independent contribution as well as team involvement and collaboration

**Preferred skills**:

- Effective client relationship management skills are critical in this role.
- Requires comfort with ambiguity and uncertainty.
- Financial Analysis skills, included advanced Excel skills.
- Confidence in ability to lead negotiations to conclusion.
- Proven ability to work with internal legal counsel and other stakeholders such as security and compliance.
- Role will require both independent contribution as well as team involvement.
- Demonstrates a drive for results and sense of urgency.
- Excellent communicator - both written and oral communication.
- Must have experience creating project plans, managing to plans, communicating effectively and engaging necessary stakeholders in projects as required.
- Makes good decisions based upon a mixture of analysis, common sense wisdom, experience and good judgment.

**Assets**:

- Familiarity with purchasing systems, eProcurement and eSourcing systems.
- Familiarity with third party risk for Financial Service Institutions.
- Supply chain and/or procurement certification

**What’s in it for you**:

- Competitive salary and bonus structure influenced by market range data
- An environment of continuous learning and improvement
- Pension, stock and savings program to help build and enhance your future financial security
- A common sense dress code, where you dictate how you dress based on your day
- The opportunity to move along a variety of career paths with amazing networking potential
- Flex hours and periodic work from home options

At Sun Life we strive to create a flexible work environment where our emp

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